CLOSE: 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.
CLOSE
Largest movements
- Current investments -€630,000
down €630,000 (-52.5%), from €1.2m to €570,000
- Cash -€289,282
down €289,282 (-97.6%), from €296,320 to €7,037
mainly Other debts (-€1.7m) and Receivables within one year (-€248,037)
- Receivables within one year +€248,037
up €248,037 (+117.5%), from €211,013 to €459,051
- Other debts -€1.7m
down €1.7m (-45.7%), from €3.8m to €2.0m
- Reserves +€1.0m
up €1.0m (+6.4%), from €16.2m to €17.3m
of which Distributable reserves: +€1.0m
- Financial income +€129,865
up €129,865 (+12.4%), from €1.0m to €1.2m
- Taxes +€57,422
up €57,422 (+123.3%), from €46,580 to €104,002
- Financial charges -€5,275
down €5,275 (-16.6%), from €31,697 to €26,422
- Gross operating margin -€3,463
down €3,463 (-126.7%), from -€2,733 to -€6,196
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.
Cash bridge derived
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 | €20,229,627 | €19,558,382 | -€671,245 | -3.3% |
| Fixed assets | 21/28 | €18,522,294 | €18,522,294 | = | 0.0% |
| Financial fixed assets | 28 | €18,522,294 | €18,522,294 | = | 0.0% |
| Current assets | 29/58 | €1,707,333 | €1,036,088 | -€671,245 | -39.3% |
| Amounts receivable within one year | 40/41 | €211,013 | €459,051 | +€248,037 | +117.5% |
| Other amounts receivable | 41 | €211,013 | €459,051 | +€248,037 | +117.5% |
| Current investments | 50/53 | €1,200,000 | €570,000 | -€630,000 | -52.5% |
| Cash at bank and in hand | 54/58 | €296,320 | €7,037 | -€289,282 | -97.6% |
| Total equity and liabilities | 10/49 | €20,229,627 | €19,558,382 | -€671,245 | -3.3% |
| Equity | 10/15 | €16,476,634 | €17,516,656 | +€1.0m | +6.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €16,226,634 | €17,266,656 | +€1.0m | +6.4% |
| Non-distributable reserves | 130/1 | €479,913 | €479,913 | = | 0.0% |
| Reserves not available under the articles | 1311 | €479,913 | €479,913 | = | 0.0% |
| Distributable reserves | 133 | €15,746,721 | €16,786,743 | +€1.0m | +6.6% |
| Amounts payable | 17/49 | €3,752,993 | €2,041,726 | -€1.7m | -45.6% |
| Amounts payable within one year | 42/48 | €3,752,993 | €2,041,726 | -€1.7m | -45.6% |
| Trade debts | 44 | - | €4,725 | +€4,725 | |
| Suppliers | 440/4 | - | €4,725 | +€4,725 | |
| Other amounts payable | 47/48 | €3,752,993 | €2,037,001 | -€1.7m | -45.7% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€2,733 | -€6,196 | -€3,463 | -126.7% |
| Operating profit (loss) | 9901 | -€3,700 | -€7,194 | -€3,494 | -94.4% |
| Financial income | 75/76B | €1,047,775 | €1,177,640 | +€129,865 | +12.4% |
| Recurring financial income | 75 | €1,047,775 | €1,177,640 | +€129,865 | +12.4% |
| Financial charges | 65/66B | €31,697 | €26,422 | -€5,275 | -16.6% |
| Recurring financial charges | 65 | €31,697 | €26,422 | -€5,275 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €1,012,378 | €1,144,024 | +€131,646 | +13.0% |
| Income taxes | 67/77 | €46,580 | €104,002 | +€57,422 | +123.3% |
| Profit (loss) for the period | 9904 | €965,798 | €1,040,022 | +€74,224 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €965,798 | €1,040,022 | +€74,224 | +7.7% |
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 10 October 2026 via checked.be.