DATA RESIDENCE: 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 RESIDENCE
Largest movements
- Tangible fixed assets -€14,254
down €14,254 (-2.2%), from €661,804 to €647,550
of which Land and buildings: -€14,994
- Deferred charges and accrued income +€13,200
new in 2025: €13,200
- Other debts +€54,155
up €54,155 (+35.9%), from €150,845 to €205,000
- Profit (loss) carried forward -€40,181
down €40,181 (-27.5%), from -€146,278 to -€186,459
- Debts after one year -€22,000
down €22,000 (-3.8%), from €574,317 to €552,317
of which Financial debts: -€22,000
- Other operating charges +€7,448
up €7,448 (+173.7%), from €4,288 to €11,736
- Gross operating margin -€6,586
down €6,586 (-25.1%), from €26,231 to €19,644
- Depreciation +€2,207
up €2,207 (+6.8%), from €32,355 to €34,562
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 | €672,109 | €667,294 | -€4,814 | -0.7% |
| Fixed assets | 21/28 | €661,804 | €647,550 | -€14,254 | -2.2% |
| Tangible fixed assets | 22/27 | €661,804 | €647,550 | -€14,254 | -2.2% |
| Land and buildings | 22 | €521,335 | €506,342 | -€14,994 | -2.9% |
| Plant, machinery and equipment | 23 | €128,723 | €132,393 | +€3,670 | +2.9% |
| Furniture and vehicles | 24 | €11,746 | €8,815 | -€2,931 | -24.9% |
| Current assets | 29/58 | €10,305 | €19,744 | +€9,439 | +91.6% |
| Cash at bank and in hand | 54/58 | €10,305 | €6,544 | -€3,761 | -36.5% |
| Deferred charges and accrued income | 490/1 | - | €13,200 | +€13,200 | |
| Total equity and liabilities | 10/49 | €672,109 | €667,294 | -€4,814 | -0.7% |
| Equity | 10/15 | -€78,078 | -€118,259 | -€40,181 | -51.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Outside capital | 11 | - | €62,000 | +€62,000 | |
| Share premium | 1100/10 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,278 | -€186,459 | -€40,181 | -27.5% |
| Amounts payable | 17/49 | €750,187 | €785,554 | +€35,367 | +4.7% |
| Amounts payable after more than one year | 17 | €574,317 | €552,317 | -€22,000 | -3.8% |
| Financial debts | 170/4 | €564,667 | €542,667 | -€22,000 | -3.9% |
| Other amounts payable | 178/9 | €9,650 | €9,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €175,870 | €233,237 | +€57,367 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | €22,000 | = | 0.0% |
| Trade debts | 44 | €3,025 | €6,237 | +€3,212 | +106.2% |
| Suppliers | 440/4 | €3,025 | €6,237 | +€3,212 | +106.2% |
| Other amounts payable | 47/48 | €150,845 | €205,000 | +€54,155 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,355 | €34,562 | +€2,207 | +6.8% |
| Other operating charges | 640/8 | €4,288 | €11,736 | +€7,448 | +173.7% |
| Gross operating margin | 9900 | €26,231 | €19,644 | -€6,586 | -25.1% |
| Operating profit (loss) | 9901 | -€10,413 | -€26,654 | -€16,241 | -156.0% |
| Financial charges | 65/66B | €13,430 | €13,527 | +€97 | +0.7% |
| Recurring financial charges | 65 | €13,430 | €13,527 | +€97 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,843 | -€40,181 | -€16,338 | -68.5% |
| Profit (loss) for the period | 9904 | -€23,843 | -€40,181 | -€16,338 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,843 | -€40,181 | -€16,338 | -68.5% |
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.