CORINNE MOSTIN: 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.
CORINNE MOSTIN
Largest movements
- Cash +€20,318
up €20,318 (+4.2%), from €482,001 to €502,320
mainly Net result for the year (+€95,756) and Depreciation (+€26,669)
- Reserves +€95,756
up €95,756 (+24.9%), from €384,042 to €479,799
- Other debts -€53,427
down €53,427 (-95.1%), from €56,155 to €2,728
- Debts after one year -€29,790
down €29,790 (-65.9%), from €45,237 to €15,446
- Advances received +€14,731
new in 2025: €14,731
- Tax, wage and social debts -€7,054
down €7,054 (-26.3%), from €26,864 to €19,810
of which Taxes: -€8,615
- Gross operating margin +€11,110
up €11,110 (+6.4%), from €173,596 to €184,706
- Staff costs +€4,899
up €4,899 (+36.4%), from €13,452 to €18,351
- Other operating charges -€4,870
down €4,870 (-56.0%), from €8,691 to €3,822
- Taxes +€3,127
up €3,127 (+8.9%), from €35,087 to €38,214
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.
Derived cash bridge
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 | €575,624 | €602,118 | +€26,494 | +4.6% |
| Fixed assets | 21/28 | €58,080 | €60,561 | +€2,482 | +4.3% |
| Tangible fixed assets | 22/27 | €58,080 | €60,561 | +€2,482 | +4.3% |
| Land and buildings | 22 | €54,793 | €30,019 | -€24,774 | -45.2% |
| Furniture and vehicles | 24 | €1,180 | €29,301 | +€28,121 | +2,384% |
| Other tangible fixed assets | 26 | €2,107 | €1,241 | -€866 | -41.1% |
| Current assets | 29/58 | €517,544 | €541,557 | +€24,013 | +4.6% |
| Amounts receivable within one year | 40/41 | €34,585 | €39,237 | +€4,652 | +13.5% |
| Trade receivables | 40 | €34,535 | €39,187 | +€4,652 | +13.5% |
| Other amounts receivable | 41 | €50 | €50 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €482,001 | €502,320 | +€20,318 | +4.2% |
| Deferred charges and accrued income | 490/1 | €958 | - | -€958 | |
| Total equity and liabilities | 10/49 | €575,624 | €602,118 | +€26,494 | +4.6% |
| Equity | 10/15 | €412,500 | €508,257 | +€95,756 | +23.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €384,042 | €479,799 | +€95,756 | +24.9% |
| Distributable reserves | 133 | €384,042 | €479,799 | +€95,756 | +24.9% |
| Profit (loss) carried forward | 14 | €7,998 | €7,998 | = | 0.0% |
| Amounts payable | 17/49 | €163,123 | €93,861 | -€69,262 | -42.5% |
| Amounts payable after more than one year | 17 | €45,237 | €15,446 | -€29,790 | -65.9% |
| Financial debts | 170/4 | €45,237 | €15,446 | -€29,790 | -65.9% |
| Amounts payable within one year | 42/48 | €117,568 | €78,215 | -€39,353 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €30,680 | €32,208 | +€1,528 | +5.0% |
| Trade debts | 44 | €3,869 | €8,738 | +€4,869 | +126% |
| Suppliers | 440/4 | €3,869 | €8,738 | +€4,869 | +126% |
| Advances received on contracts in progress | 46 | - | €14,731 | +€14,731 | |
| Taxes, remuneration and social security | 45 | €26,864 | €19,810 | -€7,054 | -26.3% |
| Taxes | 450/3 | €25,562 | €16,947 | -€8,615 | -33.7% |
| Remuneration and social security | 454/9 | €1,302 | €2,863 | +€1,560 | +120% |
| Other amounts payable | 47/48 | €56,155 | €2,728 | -€53,427 | -95.1% |
| Accrued charges and deferred income | 492/3 | €318 | €200 | -€119 | -37.2% |
| Remuneration, social security and pensions | 62 | €13,452 | €18,351 | +€4,899 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,885 | €26,669 | +€1,784 | +7.2% |
| Other operating charges | 640/8 | €8,691 | €3,822 | -€4,870 | -56.0% |
| Gross operating margin | 9900 | €173,596 | €184,706 | +€11,110 | +6.4% |
| Operating profit (loss) | 9901 | €126,566 | €135,864 | +€9,298 | +7.3% |
| Financial income | 75/76B | €2,154 | €1,795 | -€359 | -16.7% |
| Recurring financial income | 75 | €2,154 | €1,795 | -€359 | -16.7% |
| Financial charges | 65/66B | €4,942 | €3,689 | -€1,253 | -25.4% |
| Recurring financial charges | 65 | €4,942 | €3,689 | -€1,253 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €123,778 | €133,970 | +€10,191 | +8.2% |
| Income taxes | 67/77 | €35,087 | €38,214 | +€3,127 | +8.9% |
| Profit (loss) for the period | 9904 | €88,691 | €95,756 | +€7,065 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,691 | €95,756 | +€7,065 | +8.0% |
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 29 October 2026 via checked.be.