DATA CLEAN: 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.
DATA CLEAN
Largest movements
- Cash -€280,326
down €280,326 (-40.5%), from €692,988 to €412,662
mainly Contributions, distributions and other (-€500,000) and Accrued charges and deferred income (-€73,375)
- Receivables within one year -€62,928
down €62,928 (-6.4%), from €979,619 to €916,691
of which Trade receivables: -€111,030
- Reserves -€208,492
down €208,492 (-37.7%), from €553,036 to €344,544
of which Distributable reserves: -€208,492
- Accrued charges and deferred income -€73,375
down €73,375 (-14.2%), from €515,392 to €442,017
- Other debts -€71,786
down €71,786 (-98.1%), from €73,165 to €1,379
- Gross operating margin +€386,133
up €386,133 (+23.2%), from €1.7m to €2.1m
- Taxes +€94,416
up €94,416 (+255.4%), from €36,973 to €131,389
- Staff costs +€30,374
up €30,374 (+2.0%), from €1.5m to €1.6m
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 | €1,829,661 | €1,473,705 | -€355,956 | -19.5% |
| Fixed assets | 21/28 | €95,523 | €84,672 | -€10,851 | -11.4% |
| Intangible fixed assets | 21 | €43,702 | €45,910 | +€2,208 | +5.1% |
| Tangible fixed assets | 22/27 | €31,586 | €18,527 | -€13,059 | -41.3% |
| Plant, machinery and equipment | 23 | €30,196 | €16,345 | -€13,851 | -45.9% |
| Furniture and vehicles | 24 | €1,390 | €2,182 | +€792 | +57.0% |
| Financial fixed assets | 28 | €20,234 | €20,234 | = | 0.0% |
| Current assets | 29/58 | €1,734,138 | €1,389,033 | -€345,105 | -19.9% |
| Stocks and contracts in progress | 3 | €54,749 | €50,654 | -€4,095 | -7.5% |
| Stocks | 30/36 | €54,749 | €50,654 | -€4,095 | -7.5% |
| Amounts receivable within one year | 40/41 | €979,619 | €916,691 | -€62,928 | -6.4% |
| Trade receivables | 40 | €895,880 | €784,850 | -€111,030 | -12.4% |
| Other amounts receivable | 41 | €83,739 | €131,841 | +€48,102 | +57.4% |
| Cash at bank and in hand | 54/58 | €692,988 | €412,662 | -€280,326 | -40.5% |
| Deferred charges and accrued income | 490/1 | €6,781 | €9,025 | +€2,244 | +33.1% |
| Total equity and liabilities | 10/49 | €1,829,661 | €1,473,705 | -€355,956 | -19.5% |
| Equity | 10/15 | €616,036 | €407,544 | -€208,492 | -33.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €553,036 | €344,544 | -€208,492 | -37.7% |
| Non-distributable reserves | 130/1 | €6,969 | €6,969 | = | 0.0% |
| Legal reserve | 130 | €6,969 | €6,969 | = | 0.0% |
| Distributable reserves | 133 | €546,067 | €337,575 | -€208,492 | -38.2% |
| Amounts payable | 17/49 | €1,213,625 | €1,066,161 | -€147,464 | -12.2% |
| Amounts payable after more than one year | 17 | €4,175 | - | -€4,175 | |
| Financial debts | 170/4 | €4,175 | - | -€4,175 | |
| Amounts payable within one year | 42/48 | €694,059 | €624,144 | -€69,915 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €16,510 | €4,175 | -€12,336 | -74.7% |
| Financial debts | 43 | €35,533 | €35,422 | -€110 | -0.3% |
| Credit institutions | 430/8 | €35,533 | €35,422 | -€110 | -0.3% |
| Trade debts | 44 | €242,826 | €253,045 | +€10,219 | +4.2% |
| Suppliers | 440/4 | €242,826 | €253,045 | +€10,219 | +4.2% |
| Taxes, remuneration and social security | 45 | €326,024 | €330,123 | +€4,098 | +1.3% |
| Taxes | 450/3 | €125,043 | €146,635 | +€21,592 | +17.3% |
| Remuneration and social security | 454/9 | €200,981 | €183,488 | -€17,494 | -8.7% |
| Other amounts payable | 47/48 | €73,165 | €1,379 | -€71,786 | -98.1% |
| Accrued charges and deferred income | 492/3 | €515,392 | €442,017 | -€73,375 | -14.2% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €1,528,177 | €1,558,551 | +€30,374 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,630 | €41,258 | -€11,371 | -21.6% |
| Other operating charges | 640/8 | €5,564 | €24,971 | +€19,407 | +348.8% |
| Gross operating margin | 9900 | €1,665,285 | €2,051,417 | +€386,133 | +23.2% |
| Operating profit (loss) | 9901 | €78,914 | €426,637 | +€347,723 | +440.6% |
| Financial income | 75/76B | €11,341 | €5,276 | -€6,065 | -53.5% |
| Recurring financial income | 75 | €11,341 | €5,276 | -€6,065 | -53.5% |
| Financial charges | 65/66B | €17,665 | €9,016 | -€8,649 | -49.0% |
| Recurring financial charges | 65 | €17,665 | €9,016 | -€8,649 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €72,590 | €422,897 | +€350,307 | +482.6% |
| Income taxes | 67/77 | €36,973 | €131,389 | +€94,416 | +255.4% |
| Profit (loss) for the period | 9904 | €35,617 | €291,508 | +€255,892 | +718.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,617 | €291,508 | +€255,892 | +718.5% |
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 9 October 2026 via checked.be.