DATA-DRIVEN DECISION: 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-DRIVEN DECISION
Largest movements
- Receivables within one year -€19,299
down €19,299 (-10.0%), from €192,968 to €173,668
of which Other amounts receivable: -€21,338
- Cash -€8,591
down €8,591 (-100.0%), from €8,593 to €1
mainly Contributions, distributions and other (-€90,000) and Tax, wage and social debts (-€2,025)
- Profit (loss) carried forward -€26,885
down €26,885 (-15.8%), from €169,724 to €142,839
- Tax, wage and social debts -€2,025
down €2,025 (-10.5%), from €19,203 to €17,178
- Gross operating margin +€16,393
up €16,393 (+25.6%), from €64,057 to €80,450
- Taxes +€3,571
up €3,571 (+26.2%), from €13,607 to €17,178
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 | €201,560 | €173,669 | -€27,891 | -13.8% |
| Current assets | 29/58 | €201,560 | €173,669 | -€27,891 | -13.8% |
| Amounts receivable within one year | 40/41 | €192,968 | €173,668 | -€19,299 | -10.0% |
| Trade receivables | 40 | €23,928 | €25,967 | +€2,039 | +8.5% |
| Other amounts receivable | 41 | €169,040 | €147,702 | -€21,338 | -12.6% |
| Cash at bank and in hand | 54/58 | €8,593 | €1 | -€8,591 | -100.0% |
| Total equity and liabilities | 10/49 | €201,560 | €173,669 | -€27,891 | -13.8% |
| Equity | 10/15 | €182,324 | €155,439 | -€26,885 | -14.7% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,724 | €142,839 | -€26,885 | -15.8% |
| Amounts payable | 17/49 | €19,236 | €18,230 | -€1,006 | -5.2% |
| Amounts payable within one year | 42/48 | €19,236 | €18,230 | -€1,006 | -5.2% |
| Trade debts | 44 | €32 | €1,052 | +€1,019 | +3,141% |
| Suppliers | 440/4 | €32 | €1,052 | +€1,019 | +3,141% |
| Taxes, remuneration and social security | 45 | €19,203 | €17,178 | -€2,025 | -10.5% |
| Taxes | 450/3 | €19,203 | €17,178 | -€2,025 | -10.5% |
| Gross operating margin | 9900 | €64,057 | €80,450 | +€16,393 | +25.6% |
| Operating profit (loss) | 9901 | €64,057 | €80,450 | +€16,393 | +25.6% |
| Financial charges | 65/66B | €404 | €156 | -€248 | -61.3% |
| Recurring financial charges | 65 | €404 | €156 | -€248 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €63,653 | €80,293 | +€16,640 | +26.1% |
| Income taxes | 67/77 | €13,607 | €17,178 | +€3,571 | +26.2% |
| Profit (loss) for the period | 9904 | €50,046 | €63,115 | +€13,069 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,046 | €63,115 | +€13,069 | +26.1% |
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 27 October 2026 via checked.be.