DATA RESCUE: 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 RESCUE
Largest movements
- Cash -€399,924
down €399,924 (-85.1%), from €470,124 to €70,200
mainly Current investments (-€362,900) and Contributions, distributions and other (-€76,870)
- Current investments +€362,900
up €362,900 (+773.8%), from €46,900 to €409,800
- Tangible fixed assets -€26,150
down €26,150 (-5.4%), from €483,728 to €457,578
of which Land and buildings: -€25,919
- Receivables within one year -€20,662
down €20,662 (-92.6%), from €22,316 to €1,654
of which Other amounts receivable: -€19,094
- Reserves -€76,870
down €76,870 (-20.0%), from €383,747 to €306,877
of which Distributable reserves: -€76,870
- Profit (loss) carried forward -€60,509
down €60,509 (-10.9%), from €555,411 to €494,902
- Other debts +€56,926
up €56,926 (+284.9%), from €19,984 to €76,910
- Financial charges -€5,262
down €5,262 (-70.3%), from -€7,486 to -€12,748
- Other operating charges +€512
up €512 (+4.4%), from €11,626 to €12,138
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 | €1,027,578 | €943,742 | -€83,836 | -8.2% |
| Fixed assets | 21/28 | €488,238 | €462,088 | -€26,150 | -5.4% |
| Tangible fixed assets | 22/27 | €483,728 | €457,578 | -€26,150 | -5.4% |
| Land and buildings | 22 | €482,707 | €456,788 | -€25,919 | -5.4% |
| Furniture and vehicles | 24 | €1,021 | €790 | -€231 | -22.6% |
| Financial fixed assets | 28 | €4,510 | €4,510 | = | 0.0% |
| Current assets | 29/58 | €539,340 | €481,654 | -€57,686 | -10.7% |
| Amounts receivable within one year | 40/41 | €22,316 | €1,654 | -€20,662 | -92.6% |
| Trade receivables | 40 | €1,568 | - | -€1,568 | |
| Other amounts receivable | 41 | €20,748 | €1,654 | -€19,094 | -92.0% |
| Current investments | 50/53 | €46,900 | €409,800 | +€362,900 | +773.8% |
| Cash at bank and in hand | 54/58 | €470,124 | €70,200 | -€399,924 | -85.1% |
| Total equity and liabilities | 10/49 | €1,027,578 | €943,742 | -€83,836 | -8.2% |
| Equity | 10/15 | €1,001,132 | €863,753 | -€137,379 | -13.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €383,747 | €306,877 | -€76,870 | -20.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €377,547 | €300,677 | -€76,870 | -20.4% |
| Profit (loss) carried forward | 14 | €555,411 | €494,902 | -€60,509 | -10.9% |
| Amounts payable | 17/49 | €26,446 | €79,989 | +€53,543 | +202.5% |
| Amounts payable within one year | 42/48 | €26,446 | €79,989 | +€53,543 | +202.5% |
| Trade debts | 44 | €2,837 | €79 | -€2,758 | -97.2% |
| Suppliers | 440/4 | €2,837 | €79 | -€2,758 | -97.2% |
| Taxes, remuneration and social security | 45 | €3,625 | €3,000 | -€625 | -17.2% |
| Taxes | 450/3 | €3,625 | €3,000 | -€625 | -17.2% |
| Other amounts payable | 47/48 | €19,984 | €76,910 | +€56,926 | +284.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,453 | €26,332 | -€121 | -0.5% |
| Other operating charges | 640/8 | €11,626 | €12,138 | +€512 | +4.4% |
| Gross operating margin | 9900 | -€38,369 | -€38,291 | +€78 | +0.2% |
| Operating profit (loss) | 9901 | -€76,447 | -€76,760 | -€313 | -0.4% |
| Financial income | 75/76B | €3,250 | €3,609 | +€359 | +11.0% |
| Recurring financial income | 75 | €3,250 | €3,609 | +€359 | +11.0% |
| Financial charges | 65/66B | -€7,486 | -€12,748 | -€5,262 | -70.3% |
| Recurring financial charges | 65 | -€7,486 | -€12,748 | -€5,262 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,712 | -€60,403 | +€5,308 | +8.1% |
| Income taxes | 67/77 | €265 | €106 | -€159 | -60.0% |
| Profit (loss) for the period | 9904 | -€65,977 | -€60,509 | +€5,467 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,977 | -€60,509 | +€5,467 | +8.3% |
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 3 October 2026 via checked.be.