CONTRA: 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.
CONTRA
Largest movements
- Tangible fixed assets -€89,424
down €89,424 (-11.6%), from €769,447 to €680,023
of which Land and buildings: -€63,123
- Profit (loss) carried forward -€49,502
down €49,502 (-9.4%), from -€528,757 to -€578,259
- Debts after one year -€49,180
down €49,180 (-10.3%), from €476,163 to €426,983
of which Other amounts payable: -€37,418
- Trade debts +€19,145
up €19,145 (+94.5%), from €20,269 to €39,415
- Gross operating margin -€72,532
down €72,532 (-49.8%), from €145,716 to €73,184
- Depreciation -€20,777
down €20,777 (-17.4%), from €119,270 to €98,493
- Other operating charges +€2,710
up €2,710 (+14.2%), from €19,075 to €21,786
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 | €878,627 | €800,857 | -€77,770 | -8.9% |
| Fixed assets | 21/28 | €769,447 | €680,023 | -€89,424 | -11.6% |
| Tangible fixed assets | 22/27 | €769,447 | €680,023 | -€89,424 | -11.6% |
| Land and buildings | 22 | €655,146 | €592,023 | -€63,123 | -9.6% |
| Plant, machinery and equipment | 23 | €4,824 | €3,312 | -€1,513 | -31.4% |
| Furniture and vehicles | 24 | €109,477 | €84,689 | -€24,788 | -22.6% |
| Current assets | 29/58 | €109,180 | €120,834 | +€11,654 | +10.7% |
| Amounts receivable within one year | 40/41 | €1,778 | €2,085 | +€307 | +17.3% |
| Trade receivables | 40 | €1,778 | €2,085 | +€307 | +17.3% |
| Cash at bank and in hand | 54/58 | €83,826 | €92,343 | +€8,517 | +10.2% |
| Deferred charges and accrued income | 490/1 | €23,576 | €26,406 | +€2,830 | +12.0% |
| Total equity and liabilities | 10/49 | €878,627 | €800,857 | -€77,770 | -8.9% |
| Equity | 10/15 | €366,030 | €316,528 | -€49,502 | -13.5% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €144,787 | €144,787 | = | 0.0% |
| Distributable reserves | 133 | €144,787 | €144,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€528,757 | -€578,259 | -€49,502 | -9.4% |
| Amounts payable | 17/49 | €512,597 | €484,329 | -€28,268 | -5.5% |
| Amounts payable after more than one year | 17 | €476,163 | €426,983 | -€49,180 | -10.3% |
| Financial debts | 170/4 | €43,166 | €31,404 | -€11,762 | -27.2% |
| Other amounts payable | 178/9 | €432,998 | €395,579 | -€37,418 | -8.6% |
| Amounts payable within one year | 42/48 | €35,932 | €57,346 | +€21,414 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €11,330 | €11,762 | +€432 | +3.8% |
| Trade debts | 44 | €20,269 | €39,415 | +€19,145 | +94.5% |
| Suppliers | 440/4 | €20,269 | €39,415 | +€19,145 | +94.5% |
| Advances received on contracts in progress | 46 | - | €366 | +€366 | |
| Taxes, remuneration and social security | 45 | €3,624 | €5,095 | +€1,470 | +40.6% |
| Taxes | 450/3 | €3,624 | €5,095 | +€1,470 | +40.6% |
| Other amounts payable | 47/48 | €709 | €709 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €502 | €0 | -€502 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,270 | €98,493 | -€20,777 | -17.4% |
| Other operating charges | 640/8 | €19,075 | €21,786 | +€2,710 | +14.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €145,716 | €73,184 | -€72,532 | -49.8% |
| Operating profit (loss) | 9901 | €7,371 | -€47,094 | -€54,465 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -100.0% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100.0% |
| Financial charges | 65/66B | €1,401 | €2,079 | +€677 | +48.3% |
| Recurring financial charges | 65 | €1,401 | €2,079 | +€677 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €5,985 | -€49,173 | -€55,158 | |
| Income taxes | 67/77 | €302 | €329 | +€27 | +8.9% |
| Profit (loss) for the period | 9904 | €5,683 | -€49,502 | -€55,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,683 | -€49,502 | -€55,185 |
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 30 September 2026 via checked.be.