Détail: 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.
Détail
Largest movements
- Tangible fixed assets -€275,533
down €275,533 (-44.1%), from €625,127 to €349,594
of which Land and buildings: -€273,486
- Cash +€11,787
up €11,787 (+101%), from €11,655 to €23,442
mainly Investment in fixed assets (net) (+€253,391) and Depreciation (+€22,142)
- Debts after one year -€268,323
down €268,323 (-45.4%), from €591,430 to €323,106
- Other debts +€9,096
up €9,096 (+15.0%), from €60,822 to €69,918
- Current portion of long-term debt -€7,185
down €7,185 (-35.7%), from €20,109 to €12,924
- Depreciation -€11,955
down €11,955 (-35.1%), from €34,097 to €22,142
- Gross operating margin -€9,899
down €9,899 (-22.1%), from €44,745 to €34,846
- Financial income +€8,438
up €8,438 (+6,027,464%), from €0 to €8,439
of which Non-recurring financial income: +€8,439
- Financial charges -€1,623
down €1,623 (-10.3%), from €15,685 to €14,062
- Other operating charges -€1,032
down €1,032 (-43.6%), from €2,368 to €1,336
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 | €637,848 | €374,730 | -€263,118 | -41.3% |
| Fixed assets | 21/28 | €625,127 | €349,594 | -€275,533 | -44.1% |
| Tangible fixed assets | 22/27 | €625,127 | €349,594 | -€275,533 | -44.1% |
| Land and buildings | 22 | €615,628 | €342,142 | -€273,486 | -44.4% |
| Furniture and vehicles | 24 | €9,499 | €7,451 | -€2,047 | -21.6% |
| Current assets | 29/58 | €12,721 | €25,137 | +€12,415 | +97.6% |
| Amounts receivable within one year | 40/41 | €617 | €1,599 | +€981 | +159% |
| Trade receivables | 40 | €617 | €1,315 | +€698 | +113% |
| Other amounts receivable | 41 | - | €284 | +€284 | |
| Cash at bank and in hand | 54/58 | €11,655 | €23,442 | +€11,787 | +101% |
| Deferred charges and accrued income | 490/1 | €449 | €96 | -€353 | -78.6% |
| Total equity and liabilities | 10/49 | €637,848 | €374,730 | -€263,118 | -41.3% |
| Equity | 10/15 | -€39,833 | -€34,088 | +€5,745 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,833 | -€39,088 | +€5,745 | +12.8% |
| Amounts payable | 17/49 | €677,681 | €408,818 | -€268,863 | -39.7% |
| Amounts payable after more than one year | 17 | €591,430 | €323,106 | -€268,323 | -45.4% |
| Financial debts | 170/4 | €591,430 | €323,106 | -€268,323 | -45.4% |
| Amounts payable within one year | 42/48 | €85,766 | €83,995 | -€1,771 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €20,109 | €12,924 | -€7,185 | -35.7% |
| Trade debts | 44 | €4,568 | €1,152 | -€3,416 | -74.8% |
| Suppliers | 440/4 | €4,568 | €1,152 | -€3,416 | -74.8% |
| Taxes, remuneration and social security | 45 | €266 | €0 | -€266 | -100% |
| Taxes | 450/3 | €266 | €0 | -€266 | -100% |
| Other amounts payable | 47/48 | €60,822 | €69,918 | +€9,096 | +15.0% |
| Accrued charges and deferred income | 492/3 | €486 | €1,717 | +€1,231 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,097 | €22,142 | -€11,955 | -35.1% |
| Other operating charges | 640/8 | €2,368 | €1,336 | -€1,032 | -43.6% |
| Gross operating margin | 9900 | €44,745 | €34,846 | -€9,899 | -22.1% |
| Operating profit (loss) | 9901 | €8,280 | €11,368 | +€3,088 | +37.3% |
| Financial income | 75/76B | €0 | €8,439 | +€8,438 | +6,027,464% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | - | €8,439 | +€8,439 | |
| Financial charges | 65/66B | €15,685 | €14,062 | -€1,623 | -10.3% |
| Recurring financial charges | 65 | €15,685 | €14,062 | -€1,623 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,404 | €5,745 | +€13,150 | |
| Profit (loss) for the period | 9904 | -€7,404 | €5,745 | +€13,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,404 | €5,745 | +€13,150 |
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.