CUSTODIAN: 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.
CUSTODIAN
Largest movements
- Tangible fixed assets -€6,025
down €6,025 (-4.6%), from €129,699 to €123,674
of which Furniture and vehicles: -€6,025
- Deferred charges and accrued income -€4,244
down €4,244 (-74.4%), from €5,705 to €1,461
- Cash -€2,114
down €2,114 (-36.1%), from €5,855 to €3,741
mainly Net result for the year (-€28,420) and Tax, wage and social debts (-€7,723)
- Profit (loss) carried forward -€28,420
down €28,420 (-10.4%), from -€274,438 to -€302,858
- Other debts +€18,522
up €18,522 (+8.2%), from €227,207 to €245,729
- Tax, wage and social debts -€7,723
down €7,723 (-44.4%), from €17,384 to €9,662
of which Remuneration and social security: -€5,540
- Trade debts +€3,697
up €3,697 (+85.3%), from €4,335 to €8,032
- Gross operating margin -€32,178
down €32,178 (-64.9%), from €49,547 to €17,369
- Staff costs -€15,311
down €15,311 (-29.2%), from €52,434 to €37,123
- Depreciation +€2,367
up €2,367 (+64.7%), from €3,658 to €6,025
- Other operating charges +€1,097
up €1,097 (+171.7%), from €639 to €1,735
- Financial income -€541
no longer reported in 2025 (was €541)
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 | €156,936 | €144,283 | -€12,653 | -8.1% |
| Fixed assets | 21/28 | €129,948 | €123,923 | -€6,025 | -4.6% |
| Tangible fixed assets | 22/27 | €129,699 | €123,674 | -€6,025 | -4.6% |
| Land and buildings | 22 | €106,752 | €106,752 | = | 0.0% |
| Furniture and vehicles | 24 | €22,947 | €16,922 | -€6,025 | -26.3% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €26,988 | €20,360 | -€6,628 | -24.6% |
| Stocks and contracts in progress | 3 | €1,884 | €456 | -€1,428 | -75.8% |
| Stocks | 30/36 | €1,884 | €456 | -€1,428 | -75.8% |
| Amounts receivable within one year | 40/41 | €13,543 | €14,702 | +€1,159 | +8.6% |
| Trade receivables | 40 | €13,543 | €14,620 | +€1,077 | +8.0% |
| Other amounts receivable | 41 | €0 | €82 | +€82 | +68050.0% |
| Cash at bank and in hand | 54/58 | €5,855 | €3,741 | -€2,114 | -36.1% |
| Deferred charges and accrued income | 490/1 | €5,705 | €1,461 | -€4,244 | -74.4% |
| Total equity and liabilities | 10/49 | €156,936 | €144,283 | -€12,653 | -8.1% |
| Equity | 10/15 | -€209,438 | -€237,858 | -€28,420 | -13.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,438 | -€302,858 | -€28,420 | -10.4% |
| Amounts payable | 17/49 | €366,373 | €382,141 | +€15,767 | +4.3% |
| Amounts payable after more than one year | 17 | €110,000 | €111,271 | +€1,271 | +1.2% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Advances received on contracts in progress | 176 | - | €1,271 | +€1,271 | |
| Amounts payable within one year | 42/48 | €256,373 | €270,870 | +€14,497 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €7,448 | €7,448 | = | 0.0% |
| Trade debts | 44 | €4,335 | €8,032 | +€3,697 | +85.3% |
| Suppliers | 440/4 | €4,335 | €8,032 | +€3,697 | +85.3% |
| Taxes, remuneration and social security | 45 | €17,384 | €9,662 | -€7,723 | -44.4% |
| Taxes | 450/3 | €6,077 | €3,894 | -€2,183 | -35.9% |
| Remuneration and social security | 454/9 | €11,308 | €5,768 | -€5,540 | -49.0% |
| Other amounts payable | 47/48 | €227,207 | €245,729 | +€18,522 | +8.2% |
| Remuneration, social security and pensions | 62 | €52,434 | €37,123 | -€15,311 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,658 | €6,025 | +€2,367 | +64.7% |
| Other operating charges | 640/8 | €639 | €1,735 | +€1,097 | +171.7% |
| Gross operating margin | 9900 | €49,547 | €17,369 | -€32,178 | -64.9% |
| Operating profit (loss) | 9901 | -€7,183 | -€27,514 | -€20,331 | -283.0% |
| Financial income | 75/76B | €541 | - | -€541 | |
| Recurring financial income | 75 | €541 | - | -€541 | |
| Financial charges | 65/66B | €1,116 | €866 | -€251 | -22.4% |
| Recurring financial charges | 65 | €1,116 | €866 | -€251 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,758 | -€28,380 | -€20,621 | -265.8% |
| Income taxes | 67/77 | €174 | €40 | -€134 | -76.9% |
| Profit (loss) for the period | 9904 | -€7,933 | -€28,420 | -€20,487 | -258.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,933 | -€28,420 | -€20,487 | -258.3% |
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 5 October 2026 via checked.be.