COLUMNA: what changed
Two fiscal 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.
COLUMNA
Largest movements
- Tangible fixed assets -€18,498
down €18,498 (-7.3%), from €251,910 to €233,412
- Cash -€18,062
down €18,062 (-35.3%), from €51,208 to €33,146
mainly Debts after one year (-€32,000) and Provisions (-€5,649)
- Debts after one year -€32,000
down €32,000 (-32.6%), from €98,289 to €66,289
- Profit (loss) carried forward +€11,499
up €11,499 (+32.4%), from -€35,538 to -€24,039
- Reserves -€10,971
down €10,971 (-10.3%), from €106,254 to €95,283
- Provisions -€5,649
down €5,649 (-10.3%), from €54,713 to €49,063
- Gross operating margin +€1,901
up €1,901 (+13.3%), from €14,311 to €16,213
- Financial income -€280
no longer reported in 2025 (was €280)
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 | €303,118 | €266,558 | -€36,560 | -12.1% |
| Fixed assets | 21/28 | €251,910 | €233,412 | -€18,498 | -7.3% |
| Tangible fixed assets | 22/27 | €251,910 | €233,412 | -€18,498 | -7.3% |
| Land and buildings | 22 | €251,910 | €233,412 | -€18,498 | -7.3% |
| Current assets | 29/58 | €51,208 | €33,146 | -€18,062 | -35.3% |
| Cash at bank and in hand | 54/58 | €51,208 | €33,146 | -€18,062 | -35.3% |
| Total equity and liabilities | 10/49 | €303,118 | €266,558 | -€36,560 | -12.1% |
| Equity | 10/15 | €150,116 | €150,645 | +€528 | +0.4% |
| Contributions | 10/11 | €79,400 | €79,400 | = | 0.0% |
| Capital | 10 | €79,400 | €79,400 | = | 0.0% |
| Issued capital | 100 | €79,400 | €79,400 | = | 0.0% |
| Reserves | 13 | €106,254 | €95,283 | -€10,971 | -10.3% |
| Tax-exempt reserves | 132 | €106,254 | €95,283 | -€10,971 | -10.3% |
| Profit (loss) carried forward | 14 | -€35,538 | -€24,039 | +€11,499 | +32.4% |
| Provisions and deferred taxes | 16 | €54,713 | €49,063 | -€5,649 | -10.3% |
| Deferred taxes | 168 | €54,713 | €49,063 | -€5,649 | -10.3% |
| Amounts payable | 17/49 | €98,289 | €66,850 | -€31,439 | -32.0% |
| Amounts payable after more than one year | 17 | €98,289 | €66,289 | -€32,000 | -32.6% |
| Financial debts | 170/4 | €98,289 | €66,289 | -€32,000 | -32.6% |
| Amounts payable within one year | 42/48 | - | €561 | +€561 | |
| Trade debts | 44 | - | €561 | +€561 | |
| Suppliers | 440/4 | - | €561 | +€561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,498 | €18,498 | = | 0.0% |
| Other operating charges | 640/8 | €2,706 | €2,791 | +€85 | +3.1% |
| Gross operating margin | 9900 | €14,311 | €16,213 | +€1,901 | +13.3% |
| Operating profit (loss) | 9901 | -€6,893 | -€5,076 | +€1,817 | +26.4% |
| Financial income | 75/76B | €280 | - | -€280 | |
| Recurring financial income | 75 | €280 | - | -€280 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,658 | -€5,121 | +€1,537 | +23.1% |
| Transfer from deferred taxes | 780 | €5,649 | €5,649 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,009 | €528 | +€1,537 | |
| Transfer from tax-exempt reserves | 789 | €10,971 | €10,971 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,962 | €11,499 | +€1,537 | +15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.