District I: 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.
District I
Largest movements
- Tangible fixed assets -€830,081
down €830,081 (-11.3%), from €7.3m to €6.5m
of which Land and buildings: -€505,067
- Current portion of long-term debt -€892,568
down €892,568 (-83.5%), from €1.1m to €176,504
- Debts after one year +€551,351
up €551,351 (+9.8%), from €5.6m to €6.2m
- Short-term financial debts -€505,731
no longer reported in 2025 (was €505,731)
- Profit (loss) carried forward -€233,649
down €233,649 (-16.0%), from -€1.5m to -€1.7m
- Contributions +€196,200
up €196,200 (+13.4%), from €1.5m to €1.7m
- Gross operating margin +€147,880
up €147,880 (+32.9%), from €448,843 to €596,723
- Staff costs +€29,422
up €29,422 (+92.0%), from €31,980 to €61,402
- Other operating charges +€17,053
up €17,053 (+29.7%), from €57,443 to €74,497
- Depreciation -€16,692
down €16,692 (-4.4%), from €379,561 to €362,869
- Financial charges -€14,939
down €14,939 (-4.3%), from €346,543 to €331,604
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 | €7,418,596 | €6,625,639 | -€792,957 | -10.7% |
| Formation expenses | 20 | €1,049 | €352 | -€697 | -66.5% |
| Fixed assets | 21/28 | €7,344,421 | €6,514,340 | -€830,081 | -11.3% |
| Tangible fixed assets | 22/27 | €7,344,421 | €6,514,340 | -€830,081 | -11.3% |
| Land and buildings | 22 | €5,507,909 | €5,002,843 | -€505,067 | -9.2% |
| Furniture and vehicles | 24 | €22,263 | €26,125 | +€3,862 | +17.3% |
| Other tangible fixed assets | 26 | €1,811,249 | €1,482,373 | -€328,877 | -18.2% |
| Assets under construction and advance payments | 27 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €73,126 | €110,947 | +€37,821 | +51.7% |
| Amounts receivable within one year | 40/41 | €14,647 | €707 | -€13,940 | -95.2% |
| Trade receivables | 40 | €14,647 | €707 | -€13,940 | -95.2% |
| Cash at bank and in hand | 54/58 | €50,350 | €108,631 | +€58,280 | +115.7% |
| Deferred charges and accrued income | 490/1 | €8,129 | €1,609 | -€6,519 | -80.2% |
| Total equity and liabilities | 10/49 | €7,418,596 | €6,625,639 | -€792,957 | -10.7% |
| Equity | 10/15 | €1,191 | -€36,258 | -€37,449 | |
| Contributions | 10/11 | €1,464,100 | €1,660,300 | +€196,200 | +13.4% |
| Capital | 10 | €1,464,100 | €1,660,300 | +€196,200 | +13.4% |
| Issued capital | 100 | €1,464,100 | €1,660,300 | +€196,200 | +13.4% |
| Profit (loss) carried forward | 14 | -€1,462,909 | -€1,696,558 | -€233,649 | -16.0% |
| Amounts payable | 17/49 | €7,417,405 | €6,661,897 | -€755,508 | -10.2% |
| Amounts payable after more than one year | 17 | €5,625,102 | €6,176,453 | +€551,351 | +9.8% |
| Financial debts | 170/4 | €5,625,102 | €6,176,453 | +€551,351 | +9.8% |
| Amounts payable within one year | 42/48 | €1,649,722 | €244,008 | -€1.4m | -85.2% |
| Current portion of amounts payable after more than one year | 42 | €1,069,072 | €176,504 | -€892,568 | -83.5% |
| Financial debts | 43 | €505,731 | - | -€505,731 | |
| Credit institutions | 430/8 | €505,731 | - | -€505,731 | |
| Trade debts | 44 | €9,958 | €3,587 | -€6,371 | -64.0% |
| Suppliers | 440/4 | €9,958 | €3,587 | -€6,371 | -64.0% |
| Taxes, remuneration and social security | 45 | €63,062 | €62,019 | -€1,043 | -1.7% |
| Taxes | 450/3 | €61,534 | €59,624 | -€1,910 | -3.1% |
| Remuneration and social security | 454/9 | €1,528 | €2,395 | +€867 | +56.7% |
| Other amounts payable | 47/48 | €1,898 | €1,898 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €142,581 | €241,436 | +€98,855 | +69.3% |
| Non-recurring operating income | 76A | - | €241,119 | +€241,119 | |
| Remuneration, social security and pensions | 62 | €31,980 | €61,402 | +€29,422 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €379,561 | €362,869 | -€16,692 | -4.4% |
| Other operating charges | 640/8 | €57,443 | €74,497 | +€17,053 | +29.7% |
| Gross operating margin | 9900 | €448,843 | €596,723 | +€147,880 | +32.9% |
| Operating profit (loss) | 9901 | -€20,142 | €97,955 | +€118,097 | |
| Financial income | 75/76B | €87 | €0 | -€86 | -99.8% |
| Recurring financial income | 75 | €87 | €0 | -€86 | -99.8% |
| Financial charges | 65/66B | €346,543 | €331,604 | -€14,939 | -4.3% |
| Recurring financial charges | 65 | €346,543 | €331,604 | -€14,939 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€366,599 | -€233,649 | +€132,949 | +36.3% |
| Profit (loss) for the period | 9904 | -€366,599 | -€233,649 | +€132,949 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€366,599 | -€233,649 | +€132,949 | +36.3% |
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 6 October 2026 via checked.be.