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Cross Chart: 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.

What changed

Cross Chart

BE 0451.667.236
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,301
2024 · -€9,329+€22,630
Equity
€82,201
2024 · €68,900+€13,301
Cash
€18,786
2024 · €3,616+€15,169
Balance sheet total
€101,245
2024 · €103,417-€2,171

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€15,581

    down €15,581 (-75.8%), from €20,561 to €4,980

    of which Other amounts receivable: -€10,231

  • Cash +€15,169

    up €15,169 (+419%), from €3,616 to €18,786

    mainly Receivables within one year (+€15,581) and Net result for the year (+€13,301)

  • Tangible fixed assets -€1,946

    down €1,946 (-69.0%), from €2,819 to €873

    of which Plant, machinery and equipment: -€1,072

Equity and liabilities
  • Trade debts -€19,885

    down €19,885 (-61.2%), from €32,482 to €12,597

  • Reserves +€13,301

    up €13,301 (+19.9%), from €66,900 to €80,201

  • Tax, wage and social debts +€5,648

    new in 2025: €5,648

  • Current portion of long-term debt -€2,035

    no longer reported in 2025 (was €2,035)

Income statement
  • Gross operating margin +€26,334

    up €26,334, from -€7,388 to €18,946

  • Taxes +€3,281

    up €3,281 (+733%), from €448 to €3,729

  • Financial income -€2,170

    down €2,170 (-57.6%), from €3,770 to €1,600

  • Financial charges -€1,207

    down €1,207 (-45.4%), from €2,656 to €1,449

  • Depreciation -€399

    down €399 (-17.0%), from €2,345 to €1,946

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€9,329
Gross operating margin +€26,334
Staff costs +€144
Depreciation +€399
Other operating charges -€2
Financial income -€2,170
Financial charges +€1,207
Taxes -€3,281
Result 2025 €13,301
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€17,205
Investment €0
Financing -€2,035
Cash 2024 €3,616
Net result for the year +€13,301
Depreciation +€1,946
Receivables after one year -€718
Receivables within one year +€15,581
Deferred charges and accrued income +€532
Trade debts -€19,885
Tax, wage and social debts +€5,648
Other debts +€800
Current portion of long-term debt -€2,035
Cash 2025 €18,786
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €103,417 €101,245 -€2,171 -2.1%
Fixed assets 21/28 €2,819 €873 -€1,946 -69.0%
Tangible fixed assets 22/27 €2,819 €873 -€1,946 -69.0%
Plant, machinery and equipment 23 €1,268 €196 -€1,072 -84.6%
Furniture and vehicles 24 €1,551 €677 -€874 -56.3%
Current assets 29/58 €100,598 €100,372 -€226 -0.2%
Amounts receivable after more than one year 29 €74,779 €75,497 +€718 +1.0%
Other amounts receivable 291 €74,779 €75,497 +€718 +1.0%
Amounts receivable within one year 40/41 €20,561 €4,980 -€15,581 -75.8%
Trade receivables 40 €10,330 €4,980 -€5,350 -51.8%
Other amounts receivable 41 €10,231 - -€10,231
Cash at bank and in hand 54/58 €3,616 €18,786 +€15,169 +419%
Deferred charges and accrued income 490/1 €1,642 €1,110 -€532 -32.4%
Total equity and liabilities 10/49 €103,417 €101,245 -€2,171 -2.1%
Equity 10/15 €68,900 €82,201 +€13,301 +19.3%
Contributions 10/11 €2,000 €2,000 = 0.0%
Reserves 13 €66,900 €80,201 +€13,301 +19.9%
Distributable reserves 133 €66,900 €80,201 +€13,301 +19.9%
Amounts payable 17/49 €34,517 €19,044 -€15,473 -44.8%
Amounts payable within one year 42/48 €34,517 €19,044 -€15,473 -44.8%
Current portion of amounts payable after more than one year 42 €2,035 - -€2,035
Trade debts 44 €32,482 €12,597 -€19,885 -61.2%
Suppliers 440/4 €32,482 €12,597 -€19,885 -61.2%
Taxes, remuneration and social security 45 - €5,648 +€5,648
Taxes 450/3 - €5,648 +€5,648
Other amounts payable 47/48 - €800 +€800
Remuneration, social security and pensions 62 €144 - -€144
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,345 €1,946 -€399 -17.0%
Other operating charges 640/8 €118 €120 +€2 +1.7%
Gross operating margin 9900 -€7,388 €18,946 +€26,334
Operating profit (loss) 9901 -€9,995 €16,880 +€26,874
Financial income 75/76B €3,770 €1,600 -€2,170 -57.6%
Recurring financial income 75 €3,770 €1,600 -€2,170 -57.6%
Financial charges 65/66B €2,656 €1,449 -€1,207 -45.4%
Recurring financial charges 65 €2,656 €1,449 -€1,207 -45.4%
Profit (loss) for the period before taxes 9903 -€8,881 €17,031 +€25,911
Income taxes 67/77 €448 €3,729 +€3,281 +733%
Profit (loss) for the period 9904 -€9,329 €13,301 +€22,630
Profit (loss) for the period to be appropriated 9905 -€9,329 €13,301 +€22,630

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 24 October 2026 via checked.be.