CONCEPT ET PERSPECTIVE: 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.
CONCEPT ET PERSPECTIVE
Largest movements
- Tangible fixed assets -€25,452
down €25,452 (-3.1%), from €814,569 to €789,117
- Receivables within one year -€20,172
down €20,172 (-100.0%), from €20,172 to €0
of which Other amounts receivable: -€20,172
- Cash +€17,945
up €17,945 (+44.1%), from €40,663 to €58,608
mainly Net result for the year (+€67,161) and Other debts (+€33,398)
- Current portion of long-term debt -€49,777
down €49,777 (-91.6%), from €54,354 to €4,577
- Other debts +€33,398
up €33,398 (+4.4%), from €765,140 to €798,537
- Gross operating margin +€6,538
up €6,538 (+5.1%), from €128,222 to €134,761
- Taxes +€1,556
up €1,556 (+7.4%), from €21,051 to €22,607
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 | €876,984 | €849,383 | -€27,601 | -3.1% |
| Fixed assets | 21/28 | €814,569 | €789,117 | -€25,452 | -3.1% |
| Tangible fixed assets | 22/27 | €814,569 | €789,117 | -€25,452 | -3.1% |
| Land and buildings | 22 | €814,569 | €789,117 | -€25,452 | -3.1% |
| Current assets | 29/58 | €62,415 | €60,266 | -€2,149 | -3.4% |
| Amounts receivable within one year | 40/41 | €20,172 | €0 | -€20,172 | -100.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €20,172 | - | -€20,172 | |
| Cash at bank and in hand | 54/58 | €40,663 | €58,608 | +€17,945 | +44.1% |
| Deferred charges and accrued income | 490/1 | €1,580 | €1,658 | +€78 | +5.0% |
| Total equity and liabilities | 10/49 | €876,984 | €849,383 | -€27,601 | -3.1% |
| Equity | 10/15 | €21,520 | €18,680 | -€2,839 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €2,920 | €80 | -€2,839 | -97.2% |
| Amounts payable | 17/49 | €855,464 | €830,703 | -€24,762 | -2.9% |
| Amounts payable after more than one year | 17 | €4,577 | €0 | -€4,577 | -100.0% |
| Financial debts | 170/4 | €4,577 | €0 | -€4,577 | -100.0% |
| Amounts payable within one year | 42/48 | €850,888 | €830,703 | -€20,185 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €54,354 | €4,577 | -€49,777 | -91.6% |
| Trade debts | 44 | - | €1,557 | +€1,557 | |
| Suppliers | 440/4 | - | €1,557 | +€1,557 | |
| Taxes, remuneration and social security | 45 | €31,394 | €26,032 | -€5,362 | -17.1% |
| Taxes | 450/3 | €31,394 | €26,032 | -€5,362 | -17.1% |
| Other amounts payable | 47/48 | €765,140 | €798,537 | +€33,398 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,452 | €25,452 | = | 0.0% |
| Other operating charges | 640/8 | €4,155 | €4,286 | +€131 | +3.1% |
| Gross operating margin | 9900 | €128,222 | €134,761 | +€6,538 | +5.1% |
| Operating profit (loss) | 9901 | €98,615 | €105,023 | +€6,408 | +6.5% |
| Financial charges | 65/66B | €15,861 | €15,256 | -€605 | -3.8% |
| Recurring financial charges | 65 | €15,861 | €15,256 | -€605 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €82,755 | €89,767 | +€7,013 | +8.5% |
| Income taxes | 67/77 | €21,051 | €22,607 | +€1,556 | +7.4% |
| Profit (loss) for the period | 9904 | €61,704 | €67,161 | +€5,457 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,704 | €67,161 | +€5,457 | +8.8% |
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 8 October 2026 via checked.be.