DEBORAH LANGBEEN: 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.
DEBORAH LANGBEEN
Largest movements
- Receivables within one year +€4,354
up €4,354 (+15.7%), from €27,738 to €32,091
- Reserves +€51,500
up €51,500 (+105.8%), from €48,685 to €100,184
of which Distributable reserves: +€51,500
- Profit (loss) carried forward -€47,622
no longer reported in 2025 (was €47,622)
- Gross operating margin +€6,677
up €6,677 (+1042.3%), from €641 to €7,317
- Financial charges -€416
down €416 (-14.2%), from €2,940 to €2,524
- Taxes +€388
new in 2025: €388
- Other operating charges -€114
down €114 (-17.8%), from €642 to €528
- Depreciation -€103
no longer reported in 2025 (was €103)
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 | €150,834 | €155,114 | +€4,280 | +2.8% |
| Current assets | 29/58 | €150,834 | €155,114 | +€4,280 | +2.8% |
| Amounts receivable after more than one year | 29 | €123,000 | €123,000 | = | 0.0% |
| Other amounts receivable | 291 | €123,000 | €123,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,738 | €32,091 | +€4,354 | +15.7% |
| Other amounts receivable | 41 | €27,738 | €32,091 | +€4,354 | +15.7% |
| Cash at bank and in hand | 54/58 | €96 | €22 | -€74 | -76.8% |
| Total equity and liabilities | 10/49 | €150,834 | €155,114 | +€4,280 | +2.8% |
| Equity | 10/15 | €114,907 | €118,784 | +€3,878 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,685 | €100,184 | +€51,500 | +105.8% |
| 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 | €46,825 | €98,324 | +€51,500 | +110.0% |
| Profit (loss) carried forward | 14 | €47,622 | - | -€47,622 | |
| Amounts payable | 17/49 | €35,927 | €36,329 | +€402 | +1.1% |
| Amounts payable within one year | 42/48 | €35,414 | €35,802 | +€388 | +1.1% |
| Financial debts | 43 | €35,350 | €35,350 | = | 0.0% |
| Credit institutions | 430/8 | €35,350 | €35,350 | = | 0.0% |
| Trade debts | 44 | €64 | €64 | = | 0.0% |
| Suppliers | 440/4 | €64 | €64 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €388 | +€388 | |
| Taxes | 450/3 | - | €388 | +€388 | |
| Accrued charges and deferred income | 492/3 | €513 | €528 | +€14 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | - | -€103 | |
| Other operating charges | 640/8 | €642 | €528 | -€114 | -17.8% |
| Gross operating margin | 9900 | €641 | €7,317 | +€6,677 | +1042.3% |
| Operating profit (loss) | 9901 | -€105 | €6,790 | +€6,894 | |
| Financial charges | 65/66B | €2,940 | €2,524 | -€416 | -14.2% |
| Recurring financial charges | 65 | €2,940 | €2,524 | -€416 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,045 | €4,265 | +€7,310 | |
| Income taxes | 67/77 | - | €388 | +€388 | |
| Profit (loss) for the period | 9904 | -€3,045 | €3,878 | +€6,923 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,045 | €3,878 | +€6,923 |
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 10 October 2026 via checked.be.