CONSEPT: 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.
CONSEPT
Largest movements
- Cash -€233,690
down €233,690 (-79.2%), from €295,014 to €61,324
mainly Contributions, distributions and other (-€350,000) and Investment in fixed assets (net) (-€51,854)
- Tangible fixed assets +€48,652
up €48,652 (+876.1%), from €5,553 to €54,205
of which Land and buildings: +€46,726
- Receivables within one year -€5,253
down €5,253 (-24.1%), from €21,810 to €16,557
of which Trade receivables: -€9,210
- Profit (loss) carried forward -€264,021
down €264,021 (-95.5%), from €276,406 to €12,385
- Other debts +€108,360
up €108,360 (+1467.9%), from €7,382 to €115,742
- Tax, wage and social debts -€33,521
down €33,521 (-97.0%), from €34,571 to €1,050
- Gross operating margin -€53,765
down €53,765 (-32.0%), from €167,970 to €114,204
- Taxes -€13,647
down €13,647 (-37.2%), from €36,727 to €23,080
- Depreciation +€1,908
up €1,908 (+147.4%), from €1,295 to €3,202
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 | €325,321 | €134,540 | -€190,781 | -58.6% |
| Fixed assets | 21/28 | €5,553 | €54,205 | +€48,652 | +876.1% |
| Tangible fixed assets | 22/27 | €5,553 | €54,205 | +€48,652 | +876.1% |
| Land and buildings | 22 | €4,578 | €51,304 | +€46,726 | +1020.7% |
| Furniture and vehicles | 24 | €976 | €2,901 | +€1,926 | +197.4% |
| Current assets | 29/58 | €319,767 | €80,334 | -€239,433 | -74.9% |
| Amounts receivable within one year | 40/41 | €21,810 | €16,557 | -€5,253 | -24.1% |
| Trade receivables | 40 | €21,810 | €12,600 | -€9,210 | -42.2% |
| Other amounts receivable | 41 | €0 | €3,957 | +€3,957 | |
| Cash at bank and in hand | 54/58 | €295,014 | €61,324 | -€233,690 | -79.2% |
| Deferred charges and accrued income | 490/1 | €2,944 | €2,454 | -€490 | -16.6% |
| Total equity and liabilities | 10/49 | €325,321 | €134,540 | -€190,781 | -58.6% |
| Equity | 10/15 | €281,406 | €17,385 | -€264,021 | -93.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,406 | €12,385 | -€264,021 | -95.5% |
| Amounts payable | 17/49 | €43,915 | €117,154 | +€73,240 | +166.8% |
| Amounts payable within one year | 42/48 | €43,915 | €117,154 | +€73,240 | +166.8% |
| Trade debts | 44 | €1,962 | €363 | -€1,599 | -81.5% |
| Suppliers | 440/4 | €1,962 | €363 | -€1,599 | -81.5% |
| Taxes, remuneration and social security | 45 | €34,571 | €1,050 | -€33,521 | -97.0% |
| Taxes | 450/3 | €34,571 | €1,050 | -€33,521 | -97.0% |
| Other amounts payable | 47/48 | €7,382 | €115,742 | +€108,360 | +1467.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €3,202 | +€1,908 | +147.4% |
| Other operating charges | 640/8 | €274 | €274 | +€0 | 0.0% |
| Gross operating margin | 9900 | €167,970 | €114,204 | -€53,765 | -32.0% |
| Operating profit (loss) | 9901 | €166,402 | €110,728 | -€55,673 | -33.5% |
| Financial charges | 65/66B | €2,427 | €1,669 | -€759 | -31.2% |
| Recurring financial charges | 65 | €2,427 | €1,669 | -€759 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €163,974 | €109,059 | -€54,915 | -33.5% |
| Income taxes | 67/77 | €36,727 | €23,080 | -€13,647 | -37.2% |
| Profit (loss) for the period | 9904 | €127,248 | €85,979 | -€41,268 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €127,248 | €85,979 | -€41,268 | -32.4% |
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 2 October 2026 via checked.be.