De Verstandhouding: 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.
De Verstandhouding
Largest movements
- Tangible fixed assets -€11,101
down €11,101 (-31.6%), from €35,171 to €24,070
- Deferred charges and accrued income +€4,449
up €4,449 (+285%), from €1,564 to €6,013
- Cash +€2,086
new in 2025: €2,086
mainly Depreciation (+€11,101) and Short-term financial debts (+€7,044)
- Other debts -€10,138
down €10,138 (-47.1%), from €21,542 to €11,404
- Short-term financial debts +€7,044
up €7,044 (+1,246%), from €565 to €7,610
- Debts after one year -€5,871
down €5,871 (-24.5%), from €23,920 to €18,049
- Trade debts +€2,636
up €2,636 (+286%), from €922 to €3,557
- Profit (loss) carried forward +€872
up €872 (+4.3%), from -€20,399 to -€19,528
- Gross operating margin +€25,801
up €25,801, from -€7,230 to €18,571
- Depreciation +€2,469
up €2,469 (+28.6%), from €8,632 to €11,101
- Financial charges +€1,847
up €1,847 (+69.8%), from €2,648 to €4,495
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 | €36,735 | €32,169 | -€4,566 | -12.4% |
| Fixed assets | 21/28 | €35,171 | €24,070 | -€11,101 | -31.6% |
| Tangible fixed assets | 22/27 | €35,171 | €24,070 | -€11,101 | -31.6% |
| Furniture and vehicles | 24 | €35,171 | €24,070 | -€11,101 | -31.6% |
| Current assets | 29/58 | €1,564 | €8,099 | +€6,535 | +418% |
| Cash at bank and in hand | 54/58 | - | €2,086 | +€2,086 | |
| Deferred charges and accrued income | 490/1 | €1,564 | €6,013 | +€4,449 | +285% |
| Total equity and liabilities | 10/49 | €36,735 | €32,169 | -€4,566 | -12.4% |
| Equity | 10/15 | -€15,399 | -€14,528 | +€872 | +5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,399 | -€19,528 | +€872 | +4.3% |
| Amounts payable | 17/49 | €52,134 | €46,697 | -€5,438 | -10.4% |
| Amounts payable after more than one year | 17 | €23,920 | €18,049 | -€5,871 | -24.5% |
| Financial debts | 170/4 | €23,920 | €18,049 | -€5,871 | -24.5% |
| Amounts payable within one year | 42/48 | €28,214 | €28,648 | +€434 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €5,112 | €5,871 | +€760 | +14.9% |
| Financial debts | 43 | €565 | €7,610 | +€7,044 | +1,246% |
| Credit institutions | 430/8 | €565 | €7,610 | +€7,044 | +1,246% |
| Trade debts | 44 | €922 | €3,557 | +€2,636 | +286% |
| Suppliers | 440/4 | €922 | €3,557 | +€2,636 | +286% |
| Taxes, remuneration and social security | 45 | €73 | €205 | +€132 | +180% |
| Taxes | 450/3 | €73 | €205 | +€132 | +180% |
| Other amounts payable | 47/48 | €21,542 | €11,404 | -€10,138 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,632 | €11,101 | +€2,469 | +28.6% |
| Other operating charges | 640/8 | €1,816 | €1,979 | +€163 | +9.0% |
| Gross operating margin | 9900 | -€7,230 | €18,571 | +€25,801 | |
| Operating profit (loss) | 9901 | -€17,678 | €5,491 | +€23,169 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €2,648 | €4,495 | +€1,847 | +69.8% |
| Recurring financial charges | 65 | €2,648 | €4,495 | +€1,847 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,326 | €1,004 | +€21,329 | |
| Income taxes | 67/77 | €73 | €132 | +€59 | +79.7% |
| Profit (loss) for the period | 9904 | -€20,399 | €872 | +€21,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,399 | €872 | +€21,271 |
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 17 October 2026 via checked.be.