DEFINITELY MAYBE: 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.
DEFINITELY MAYBE
Largest movements
- Current investments +€100,000
up €100,000 (+200%), from €50,000 to €150,000
- Tangible fixed assets -€30,670
down €30,670 (-11.2%), from €274,435 to €243,765
of which Land and buildings: -€20,796
- Cash -€29,280
down €29,280 (-30.7%), from €95,509 to €66,229
mainly Current investments (-€100,000) and Contributions, distributions and other (-€25,000)
- Receivables within one year -€22,573
down €22,573 (-32.5%), from €69,508 to €46,936
of which Other amounts receivable: -€12,633
- Reserves +€25,000
up €25,000 (+13.0%), from €192,860 to €217,860
of which Distributable reserves: +€25,000
- Debts after one year -€23,779
down €23,779 (-11.1%), from €214,606 to €190,826
- Tax, wage and social debts +€13,426
up €13,426 (+91.1%), from €14,740 to €28,165
- Gross operating margin +€14,785
up €14,785 (+16.0%), from €92,198 to €106,983
- Taxes +€6,155
up €6,155 (+41.9%), from €14,697 to €20,852
- Other operating charges -€4,226
down €4,226 (-85.0%), from €4,972 to €746
- Depreciation -€2,403
down €2,403 (-6.8%), from €35,123 to €32,720
- Financial income -€1,144
down €1,144 (-29.4%), from €3,893 to €2,749
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 | €489,854 | €507,391 | +€17,537 | +3.6% |
| Fixed assets | 21/28 | €274,478 | €243,808 | -€30,670 | -11.2% |
| Tangible fixed assets | 22/27 | €274,435 | €243,765 | -€30,670 | -11.2% |
| Land and buildings | 22 | €259,950 | €239,154 | -€20,796 | -8.0% |
| Plant, machinery and equipment | 23 | €3,777 | €2,276 | -€1,501 | -39.7% |
| Furniture and vehicles | 24 | €9,488 | €100 | -€9,387 | -98.9% |
| Other tangible fixed assets | 26 | €1,220 | €2,234 | +€1,014 | +83.1% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €215,375 | €263,583 | +€48,207 | +22.4% |
| Amounts receivable within one year | 40/41 | €69,508 | €46,936 | -€22,573 | -32.5% |
| Trade receivables | 40 | €56,875 | €46,936 | -€9,939 | -17.5% |
| Other amounts receivable | 41 | €12,633 | - | -€12,633 | |
| Current investments | 50/53 | €50,000 | €150,000 | +€100,000 | +200% |
| Cash at bank and in hand | 54/58 | €95,509 | €66,229 | -€29,280 | -30.7% |
| Deferred charges and accrued income | 490/1 | €358 | €418 | +€60 | +16.8% |
| Total equity and liabilities | 10/49 | €489,854 | €507,391 | +€17,537 | +3.6% |
| Equity | 10/15 | €211,931 | €239,433 | +€27,502 | +13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €192,860 | €217,860 | +€25,000 | +13.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,000 | €216,000 | +€25,000 | +13.1% |
| Profit (loss) carried forward | 14 | €6,671 | €9,173 | +€2,502 | +37.5% |
| Amounts payable | 17/49 | €277,923 | €267,958 | -€9,965 | -3.6% |
| Amounts payable after more than one year | 17 | €214,606 | €190,826 | -€23,779 | -11.1% |
| Financial debts | 170/4 | €214,606 | €190,826 | -€23,779 | -11.1% |
| Amounts payable within one year | 42/48 | €63,317 | €77,131 | +€13,815 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €23,470 | €23,779 | +€309 | +1.3% |
| Trade debts | 44 | €107 | €187 | +€80 | +74.5% |
| Suppliers | 440/4 | €107 | €187 | +€80 | +74.5% |
| Taxes, remuneration and social security | 45 | €14,740 | €28,165 | +€13,426 | +91.1% |
| Taxes | 450/3 | €14,740 | €28,165 | +€13,426 | +91.1% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,123 | €32,720 | -€2,403 | -6.8% |
| Other operating charges | 640/8 | €4,972 | €746 | -€4,226 | -85.0% |
| Gross operating margin | 9900 | €92,198 | €106,983 | +€14,785 | +16.0% |
| Operating profit (loss) | 9901 | €52,103 | €73,517 | +€21,415 | +41.1% |
| Financial income | 75/76B | €3,893 | €2,749 | -€1,144 | -29.4% |
| Recurring financial income | 75 | €3,893 | €2,749 | -€1,144 | -29.4% |
| Financial charges | 65/66B | €3,422 | €2,913 | -€509 | -14.9% |
| Recurring financial charges | 65 | €3,422 | €2,913 | -€509 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €52,575 | €73,354 | +€20,779 | +39.5% |
| Income taxes | 67/77 | €14,697 | €20,852 | +€6,155 | +41.9% |
| Profit (loss) for the period | 9904 | €37,878 | €52,502 | +€14,624 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,878 | €52,502 | +€14,624 | +38.6% |
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 14 October 2026 via checked.be.