DATA PROJECT: 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.
DATA PROJECT
Largest movements
- Receivables within one year +€39,124
up €39,124 (+14.7%), from €266,414 to €305,538
of which Other amounts receivable: +€56,115
- Tangible fixed assets -€35,090
down €35,090 (-4.6%), from €764,716 to €729,625
of which Land and buildings: -€27,450
- Reserves +€39,570
up €39,570 (+11.4%), from €345,714 to €385,283
of which Distributable reserves: +€39,570
- Debts after one year -€36,130
down €36,130 (-11.1%), from €326,584 to €290,454
- Current portion of long-term debt -€12,016
down €12,016 (-23.2%), from €51,896 to €39,880
- Tax, wage and social debts -€10,666
down €10,666 (-23.9%), from €44,642 to €33,976
- Gross operating margin -€12,124
down €12,124 (-9.6%), from €126,900 to €114,776
- Taxes -€9,570
down €9,570 (-31.1%), from €30,814 to €21,244
- Other operating charges +€1,805
up €1,805 (+47.6%), from €3,793 to €5,598
- Financial charges -€1,520
down €1,520 (-6.2%), from €24,357 to €22,837
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 | €1,041,219 | €1,038,362 | -€2,857 | -0.3% |
| Fixed assets | 21/28 | €764,716 | €729,625 | -€35,090 | -4.6% |
| Tangible fixed assets | 22/27 | €764,716 | €729,625 | -€35,090 | -4.6% |
| Land and buildings | 22 | €755,797 | €728,347 | -€27,450 | -3.6% |
| Furniture and vehicles | 24 | €8,919 | €1,279 | -€7,640 | -85.7% |
| Current assets | 29/58 | €276,503 | €308,737 | +€32,233 | +11.7% |
| Amounts receivable within one year | 40/41 | €266,414 | €305,538 | +€39,124 | +14.7% |
| Trade receivables | 40 | €107,991 | €91,000 | -€16,991 | -15.7% |
| Other amounts receivable | 41 | €158,423 | €214,538 | +€56,115 | +35.4% |
| Cash at bank and in hand | 54/58 | €9,431 | €2,552 | -€6,879 | -72.9% |
| Deferred charges and accrued income | 490/1 | €658 | €646 | -€11 | -1.7% |
| Total equity and liabilities | 10/49 | €1,041,219 | €1,038,362 | -€2,857 | -0.3% |
| Equity | 10/15 | €605,388 | €644,957 | +€39,570 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €345,714 | €385,283 | +€39,570 | +11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €343,854 | €383,423 | +€39,570 | +11.5% |
| Profit (loss) carried forward | 14 | €253,474 | €253,474 | = | 0.0% |
| Amounts payable | 17/49 | €435,831 | €393,405 | -€42,427 | -9.7% |
| Amounts payable after more than one year | 17 | €326,584 | €290,454 | -€36,130 | -11.1% |
| Financial debts | 170/4 | €326,584 | €290,454 | -€36,130 | -11.1% |
| Amounts payable within one year | 42/48 | €109,247 | €102,950 | -€6,297 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €51,896 | €39,880 | -€12,016 | -23.2% |
| Financial debts | 43 | €122 | €7,932 | +€7,810 | +6426.7% |
| Credit institutions | 430/8 | €122 | €7,932 | +€7,810 | +6426.7% |
| Trade debts | 44 | €12,587 | €21,162 | +€8,575 | +68.1% |
| Suppliers | 440/4 | €12,587 | €21,162 | +€8,575 | +68.1% |
| Taxes, remuneration and social security | 45 | €44,642 | €33,976 | -€10,666 | -23.9% |
| Taxes | 450/3 | €44,642 | €33,976 | -€10,666 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,154 | €36,356 | +€202 | +0.6% |
| Other operating charges | 640/8 | €3,793 | €5,598 | +€1,805 | +47.6% |
| Gross operating margin | 9900 | €126,900 | €114,776 | -€12,124 | -9.6% |
| Operating profit (loss) | 9901 | €86,954 | €72,823 | -€14,131 | -16.3% |
| Financial income | 75/76B | €12,004 | €10,828 | -€1,176 | -9.8% |
| Recurring financial income | 75 | €12,004 | €10,828 | -€1,176 | -9.8% |
| Financial charges | 65/66B | €24,357 | €22,837 | -€1,520 | -6.2% |
| Recurring financial charges | 65 | €24,357 | €22,837 | -€1,520 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €74,600 | €60,814 | -€13,787 | -18.5% |
| Income taxes | 67/77 | €30,814 | €21,244 | -€9,570 | -31.1% |
| Profit (loss) for the period | 9904 | €43,786 | €39,570 | -€4,216 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,786 | €39,570 | -€4,216 | -9.6% |
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 29 September 2026 via checked.be.