DATAMODEL: 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.
DATAMODEL
Largest movements
- Receivables after one year -€90,809
no longer reported in 2025 (was €90,809)
- Cash -€47,189
down €47,189 (-55.1%), from €85,567 to €38,378
mainly Contributions, distributions and other (-€144,336) and Other debts (-€59,524)
- Tangible fixed assets -€5,116
down €5,116 (-2.5%), from €206,681 to €201,565
of which Land and buildings: -€3,020
- Reserves -€83,374
no longer reported in 2025 (was €83,374)
- Other debts -€59,524
down €59,524 (-51.8%), from €115,000 to €55,476
- Debts after one year -€14,361
down €14,361 (-11.5%), from €124,849 to €110,488
- Trade debts +€11,291
up €11,291 (+706.2%), from €1,599 to €12,890
- Gross operating margin -€86,463
down €86,463 (-49.2%), from €175,847 to €89,383
- Taxes -€21,438
down €21,438 (-57.6%), from €37,246 to €15,808
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 | €396,446 | €252,530 | -€143,916 | -36.3% |
| Fixed assets | 21/28 | €206,681 | €201,565 | -€5,116 | -2.5% |
| Tangible fixed assets | 22/27 | €206,681 | €201,565 | -€5,116 | -2.5% |
| Land and buildings | 22 | €188,165 | €185,146 | -€3,020 | -1.6% |
| Plant, machinery and equipment | 23 | €18,516 | €16,419 | -€2,097 | -11.3% |
| Current assets | 29/58 | €189,765 | €50,966 | -€138,800 | -73.1% |
| Amounts receivable after more than one year | 29 | €90,809 | - | -€90,809 | |
| Other amounts receivable | 291 | €90,809 | - | -€90,809 | |
| Amounts receivable within one year | 40/41 | €12,000 | €12,309 | +€309 | +2.6% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €309 | +€309 | |
| Cash at bank and in hand | 54/58 | €85,567 | €38,378 | -€47,189 | -55.1% |
| Deferred charges and accrued income | 490/1 | €1,390 | €279 | -€1,111 | -80.0% |
| Total equity and liabilities | 10/49 | €396,446 | €252,530 | -€143,916 | -36.3% |
| Equity | 10/15 | €102,312 | €18,600 | -€83,712 | -81.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,374 | - | -€83,374 | |
| Distributable reserves | 133 | €83,374 | - | -€83,374 | |
| Profit (loss) carried forward | 14 | €338 | - | -€338 | |
| Amounts payable | 17/49 | €294,134 | €233,930 | -€60,204 | -20.5% |
| Amounts payable after more than one year | 17 | €124,849 | €110,488 | -€14,361 | -11.5% |
| Financial debts | 170/4 | €124,849 | €110,488 | -€14,361 | -11.5% |
| Amounts payable within one year | 42/48 | €169,285 | €123,442 | -€45,843 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €13,843 | €14,361 | +€518 | +3.7% |
| Trade debts | 44 | €1,599 | €12,890 | +€11,291 | +706.2% |
| Suppliers | 440/4 | €1,599 | €12,890 | +€11,291 | +706.2% |
| Taxes, remuneration and social security | 45 | €38,843 | €40,715 | +€1,872 | +4.8% |
| Taxes | 450/3 | €38,843 | €40,715 | +€1,872 | +4.8% |
| Other amounts payable | 47/48 | €115,000 | €55,476 | -€59,524 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,848 | €8,219 | -€629 | -7.1% |
| Other operating charges | 640/8 | €962 | €1,118 | +€156 | +16.2% |
| Gross operating margin | 9900 | €175,847 | €89,383 | -€86,463 | -49.2% |
| Operating profit (loss) | 9901 | €166,037 | €80,046 | -€85,990 | -51.8% |
| Financial income | 75/76B | €752 | €1,362 | +€610 | +81.0% |
| Recurring financial income | 75 | €752 | €1,362 | +€610 | +81.0% |
| Financial charges | 65/66B | €5,847 | €4,977 | -€870 | -14.9% |
| Recurring financial charges | 65 | €5,847 | €4,977 | -€870 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €160,942 | €76,432 | -€84,511 | -52.5% |
| Income taxes | 67/77 | €37,246 | €15,808 | -€21,438 | -57.6% |
| Profit (loss) for the period | 9904 | €123,697 | €60,624 | -€63,073 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,697 | €60,624 | -€63,073 | -51.0% |
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 8 October 2026 via checked.be.