DO IT: 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.
DO IT
Largest movements
- Tangible fixed assets +€431,130
up €431,130 (+714.6%), from €60,328 to €491,458
of which Land and buildings: +€428,816
- Cash +€73,786
up €73,786 (+219.8%), from €33,573 to €107,359
mainly Debts after one year (+€361,640) and Net result for the year (+€171,606)
- Receivables within one year +€8,847
up €8,847 (+8.5%), from €104,048 to €112,895
of which Other amounts receivable: +€7,797
- Debts after one year +€361,640
up €361,640 (+2079.0%), from €17,395 to €379,035
- Reserves +€171,606
up €171,606 (+210.3%), from €81,596 to €253,202
- Other debts -€54,792
down €54,792 (-76.6%), from €71,505 to €16,713
- Tax, wage and social debts +€21,484
up €21,484 (+156.0%), from €13,771 to €35,255
- Current portion of long-term debt +€13,764
up €13,764 (+389.6%), from €3,533 to €17,297
- Gross operating margin +€211,148
up €211,148 (+174.9%), from €120,717 to €331,865
- Other operating charges +€52,965
up €52,965 (+5020.4%), from €1,055 to €54,020
- Taxes +€49,708
up €49,708 (+155.2%), from €32,037 to €81,745
- Depreciation +€7,693
up €7,693 (+125.5%), from €6,132 to €13,825
- Financial charges +€6,225
up €6,225 (+140.0%), from €4,446 to €10,671
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 | €202,114 | €719,643 | +€517,529 | +256.1% |
| Fixed assets | 21/28 | €60,328 | €491,458 | +€431,130 | +714.6% |
| Tangible fixed assets | 22/27 | €60,328 | €491,458 | +€431,130 | +714.6% |
| Land and buildings | 22 | €40,581 | €469,397 | +€428,816 | +1056.7% |
| Plant, machinery and equipment | 23 | €3,630 | €3,093 | -€537 | -14.8% |
| Furniture and vehicles | 24 | €8,412 | €12,450 | +€4,038 | +48.0% |
| Other tangible fixed assets | 26 | €7,705 | €6,517 | -€1,188 | -15.4% |
| Current assets | 29/58 | €141,786 | €228,185 | +€86,399 | +60.9% |
| Amounts receivable within one year | 40/41 | €104,048 | €112,895 | +€8,847 | +8.5% |
| Trade receivables | 40 | - | €1,050 | +€1,050 | |
| Other amounts receivable | 41 | €104,048 | €111,845 | +€7,797 | +7.5% |
| Cash at bank and in hand | 54/58 | €33,573 | €107,359 | +€73,786 | +219.8% |
| Deferred charges and accrued income | 490/1 | €4,165 | €7,931 | +€3,766 | +90.4% |
| Total equity and liabilities | 10/49 | €202,114 | €719,643 | +€517,529 | +256.1% |
| Equity | 10/15 | €87,796 | €259,402 | +€171,606 | +195.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,596 | €253,202 | +€171,606 | +210.3% |
| Distributable reserves | 133 | €81,596 | €253,202 | +€171,606 | +210.3% |
| Amounts payable | 17/49 | €114,318 | €460,241 | +€345,923 | +302.6% |
| Amounts payable after more than one year | 17 | €17,395 | €379,035 | +€361,640 | +2079.0% |
| Financial debts | 170/4 | €17,395 | €379,035 | +€361,640 | +2079.0% |
| Amounts payable within one year | 42/48 | €96,923 | €81,206 | -€15,717 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €3,533 | €17,297 | +€13,764 | +389.6% |
| Financial debts | 43 | - | €6,326 | +€6,326 | |
| Other loans | 439 | - | €6,326 | +€6,326 | |
| Trade debts | 44 | €8,114 | €5,616 | -€2,498 | -30.8% |
| Suppliers | 440/4 | €8,114 | €5,616 | -€2,498 | -30.8% |
| Taxes, remuneration and social security | 45 | €13,771 | €35,255 | +€21,484 | +156.0% |
| Taxes | 450/3 | €13,771 | €35,255 | +€21,484 | +156.0% |
| Other amounts payable | 47/48 | €71,505 | €16,713 | -€54,792 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,132 | €13,825 | +€7,693 | +125.5% |
| Other operating charges | 640/8 | €1,055 | €54,020 | +€52,965 | +5020.4% |
| Gross operating margin | 9900 | €120,717 | €331,865 | +€211,148 | +174.9% |
| Operating profit (loss) | 9901 | €113,530 | €264,020 | +€150,490 | +132.6% |
| Financial income | 75/76B | €4,019 | €2 | -€4,017 | -99.9% |
| Recurring financial income | 75 | €4,019 | €2 | -€4,017 | -99.9% |
| Financial charges | 65/66B | €4,446 | €10,671 | +€6,225 | +140.0% |
| Recurring financial charges | 65 | €4,446 | €10,671 | +€6,225 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | €113,103 | €253,351 | +€140,248 | +124.0% |
| Income taxes | 67/77 | €32,037 | €81,745 | +€49,708 | +155.2% |
| Profit (loss) for the period | 9904 | €81,066 | €171,606 | +€90,540 | +111.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,066 | €171,606 | +€90,540 | +111.7% |
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 29 September 2026 via checked.be.