CLASSIC BUILD: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CLASSIC BUILD
Largest movements
- Cash -€76,541
down €76,541 (-76.2%), from €100,418 to €23,876
mainly Investment in fixed assets (net) (-€115,928) and Other debts (-€48,051)
- Tangible fixed assets +€63,276
up €63,276 (+6.2%), from €1.0m to €1.1m
of which Land and buildings: +€63,644
- Other debts -€48,051
down €48,051 (-10.6%), from €454,771 to €406,721
- Revaluation surpluses -€31,579
down €31,579 (-4.2%), from €749,972 to €718,393
- Reserves +€31,579
up €31,579 (+5,093%), from €620 to €32,199
of which Distributable reserves: +€31,579
- Profit (loss) carried forward +€24,217
up €24,217 (+5.1%), from -€474,107 to -€449,890
- Gross operating margin -€248,456
down €248,456 (-63.1%), from €393,917 to €145,461
- Depreciation -€58,171
down €58,171 (-52.2%), from €111,372 to €53,201
- Staff costs -€17,016
down €17,016 (-100%), from €17,016 to €0
- Other operating charges -€4,885
down €4,885 (-33.6%), from €14,527 to €9,642
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,394,951 | €1,376,504 | -€18,447 | -1.3% |
| Fixed assets | 21/28 | €1,018,473 | €1,081,199 | +€62,726 | +6.2% |
| Intangible fixed assets | 21 | €700 | €600 | -€100 | -14.3% |
| Tangible fixed assets | 22/27 | €1,017,323 | €1,080,599 | +€63,276 | +6.2% |
| Land and buildings | 22 | €1,016,087 | €1,079,731 | +€63,644 | +6.3% |
| Furniture and vehicles | 24 | €1,236 | €868 | -€368 | -29.8% |
| Financial fixed assets | 28 | €450 | €0 | -€450 | -100% |
| Current assets | 29/58 | €376,478 | €295,305 | -€81,174 | -21.6% |
| Stocks and contracts in progress | 3 | €266,670 | €266,670 | = | 0.0% |
| Stocks | 30/36 | €266,670 | €266,670 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,296 | €772 | -€1,524 | -66.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,296 | €772 | -€1,524 | -66.4% |
| Cash at bank and in hand | 54/58 | €100,418 | €23,876 | -€76,541 | -76.2% |
| Deferred charges and accrued income | 490/1 | €7,095 | €3,986 | -€3,108 | -43.8% |
| Total equity and liabilities | 10/49 | €1,394,951 | €1,376,504 | -€18,447 | -1.3% |
| Equity | 10/15 | €282,682 | €306,899 | +€24,217 | +8.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Revaluation surpluses | 12 | €749,972 | €718,393 | -€31,579 | -4.2% |
| Reserves | 13 | €620 | €32,199 | +€31,579 | +5,093% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | - | €31,579 | +€31,579 | |
| Profit (loss) carried forward | 14 | -€474,107 | -€449,890 | +€24,217 | +5.1% |
| Amounts payable | 17/49 | €1,112,269 | €1,069,605 | -€42,664 | -3.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,112,269 | €1,068,637 | -€43,632 | -3.9% |
| Financial debts | 43 | €651,838 | €655,590 | +€3,752 | +0.6% |
| Credit institutions | 430/8 | €651,838 | €655,590 | +€3,752 | +0.6% |
| Trade debts | 44 | €4,635 | €5,528 | +€894 | +19.3% |
| Suppliers | 440/4 | €4,635 | €5,528 | +€894 | +19.3% |
| Taxes, remuneration and social security | 45 | €1,026 | €798 | -€228 | -22.2% |
| Taxes | 450/3 | €1,026 | €798 | -€228 | -22.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €454,771 | €406,721 | -€48,051 | -10.6% |
| Accrued charges and deferred income | 492/3 | - | €968 | +€968 | |
| Remuneration, social security and pensions | 62 | €17,016 | €0 | -€17,016 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,372 | €53,201 | -€58,171 | -52.2% |
| Other operating charges | 640/8 | €14,527 | €9,642 | -€4,885 | -33.6% |
| Gross operating margin | 9900 | €393,917 | €145,461 | -€248,456 | -63.1% |
| Operating profit (loss) | 9901 | €251,002 | €82,617 | -€168,385 | -67.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,600% |
| Financial charges | 65/66B | €61,329 | €58,097 | -€3,231 | -5.3% |
| Recurring financial charges | 65 | €61,329 | €58,097 | -€3,231 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €189,673 | €24,521 | -€165,152 | -87.1% |
| Income taxes | 67/77 | €716 | €304 | -€412 | -57.5% |
| Profit (loss) for the period | 9904 | €188,957 | €24,217 | -€164,740 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €188,957 | €24,217 | -€164,740 | -87.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.