DNA: 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.
DNA
Largest movements
- Tangible fixed assets -€57,072
down €57,072 (-6.3%), from €899,096 to €842,024
of which Land and buildings: -€38,685
- Receivables within one year +€13,919
up €13,919 (+16.0%), from €87,200 to €101,119
- Revaluation surpluses +€29,830
up €29,830 (+8.4%), from €354,260 to €384,090
- Reserves -€29,830
down €29,830 (-62.6%), from €47,649 to €17,819
of which Distributable reserves: -€29,830
- Other debts -€17,710
down €17,710 (-9.1%), from €194,285 to €176,575
- Depreciation +€14,511
up €14,511 (+24.5%), from €59,180 to €73,691
- Gross operating margin +€3,607
up €3,607 (+4.2%), from €86,102 to €89,709
- Financial charges -€1,282
down €1,282 (-5.7%), from €22,599 to €21,316
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 | €990,279 | €951,162 | -€39,118 | -4.0% |
| Fixed assets | 21/28 | €899,596 | €842,524 | -€57,072 | -6.3% |
| Tangible fixed assets | 22/27 | €899,096 | €842,024 | -€57,072 | -6.3% |
| Land and buildings | 22 | €861,849 | €823,164 | -€38,685 | -4.5% |
| Plant, machinery and equipment | 23 | €33,372 | €17,185 | -€16,187 | -48.5% |
| Furniture and vehicles | 24 | €3,875 | €1,675 | -€2,200 | -56.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €90,684 | €108,638 | +€17,954 | +19.8% |
| Amounts receivable within one year | 40/41 | €87,200 | €101,119 | +€13,919 | +16.0% |
| Trade receivables | 40 | €87,200 | €101,119 | +€13,919 | +16.0% |
| Cash at bank and in hand | 54/58 | €3,401 | €7,518 | +€4,117 | +121.0% |
| Deferred charges and accrued income | 490/1 | €82 | €0 | -€82 | -100.0% |
| Total equity and liabilities | 10/49 | €990,279 | €951,162 | -€39,118 | -4.0% |
| Equity | 10/15 | €250,488 | €241,969 | -€8,519 | -3.4% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Revaluation surpluses | 12 | €354,260 | €384,090 | +€29,830 | +8.4% |
| Reserves | 13 | €47,649 | €17,819 | -€29,830 | -62.6% |
| 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 | €45,789 | €15,959 | -€29,830 | -65.1% |
| Profit (loss) carried forward | 14 | -€240,021 | -€248,540 | -€8,519 | -3.5% |
| Amounts payable | 17/49 | €739,791 | €709,192 | -€30,599 | -4.1% |
| Amounts payable after more than one year | 17 | €451,029 | €447,296 | -€3,732 | -0.8% |
| Financial debts | 170/4 | €451,029 | €447,296 | -€3,732 | -0.8% |
| Amounts payable within one year | 42/48 | €282,927 | €261,896 | -€21,031 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €51,606 | €60,028 | +€8,422 | +16.3% |
| Financial debts | 43 | €15,406 | €10,522 | -€4,883 | -31.7% |
| Credit institutions | 430/8 | €15,406 | €10,522 | -€4,883 | -31.7% |
| Trade debts | 44 | €9,147 | €1,171 | -€7,976 | -87.2% |
| Suppliers | 440/4 | €9,147 | €1,171 | -€7,976 | -87.2% |
| Taxes, remuneration and social security | 45 | €12,483 | €13,600 | +€1,117 | +8.9% |
| Taxes | 450/3 | €12,483 | €13,600 | +€1,117 | +8.9% |
| Other amounts payable | 47/48 | €194,285 | €176,575 | -€17,710 | -9.1% |
| Accrued charges and deferred income | 492/3 | €5,835 | €0 | -€5,835 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,180 | €73,691 | +€14,511 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,276 | €3,221 | -€55 | -1.7% |
| Gross operating margin | 9900 | €86,102 | €89,709 | +€3,607 | +4.2% |
| Operating profit (loss) | 9901 | €23,647 | €12,798 | -€10,849 | -45.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €22,599 | €21,316 | -€1,282 | -5.7% |
| Recurring financial charges | 65 | €22,599 | €21,316 | -€1,282 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €1,053 | -€8,519 | -€9,571 | |
| Profit (loss) for the period | 9904 | €1,053 | -€8,519 | -€9,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,053 | -€8,519 | -€9,571 |
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 8 October 2026 via checked.be.