DO IT DIFFERENT: 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.
DO IT DIFFERENT
Largest movements
- Tangible fixed assets -€32,125
down €32,125 (-3.4%), from €945,270 to €913,144
of which Land and buildings: -€19,152
- Reserves -€20,901
down €20,901 (-3.9%), from €535,656 to €514,755
of which Tax-exempt reserves: -€20,901
- Debts after one year +€11,779
up €11,779 (+4.3%), from €273,900 to €285,679
- Depreciation +€10,927
up €10,927 (+51.5%), from €21,198 to €32,125
- Other operating charges +€629
up €629 (+64.7%), from €972 to €1,601
- Gross operating margin +€411
up €411 (+16.8%), from -€2,447 to -€2,035
- Taxes -€173
no longer reported in 2025 (was €173)
- Financial charges +€33
up €33 (+18.1%), from €181 to €214
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 | €979,935 | €942,897 | -€37,038 | -3.8% |
| Fixed assets | 21/28 | €945,870 | €913,744 | -€32,125 | -3.4% |
| Tangible fixed assets | 22/27 | €945,270 | €913,144 | -€32,125 | -3.4% |
| Land and buildings | 22 | €758,362 | €739,210 | -€19,152 | -2.5% |
| Plant, machinery and equipment | 23 | €178,560 | €166,586 | -€11,974 | -6.7% |
| Furniture and vehicles | 24 | €8,348 | €7,348 | -€1,000 | -12.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €34,065 | €29,152 | -€4,913 | -14.4% |
| Amounts receivable within one year | 40/41 | €30,806 | €28,977 | -€1,829 | -5.9% |
| Trade receivables | 40 | €30,448 | €28,977 | -€1,471 | -4.8% |
| Other amounts receivable | 41 | €358 | - | -€358 | |
| Cash at bank and in hand | 54/58 | €3,073 | €43 | -€3,029 | -98.6% |
| Deferred charges and accrued income | 490/1 | €186 | €132 | -€54 | -29.1% |
| Total equity and liabilities | 10/49 | €979,935 | €942,897 | -€37,038 | -3.8% |
| Equity | 10/15 | €513,223 | €484,214 | -€29,009 | -5.7% |
| Contributions | 10/11 | €68,224 | €68,224 | = | 0.0% |
| Capital | 10 | €68,224 | €68,224 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Uncalled capital | 101 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €535,656 | €514,755 | -€20,901 | -3.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €523,256 | €502,355 | -€20,901 | -4.0% |
| Profit (loss) carried forward | 14 | -€90,656 | -€98,765 | -€8,109 | -8.9% |
| Provisions and deferred taxes | 16 | €174,419 | €167,452 | -€6,967 | -4.0% |
| Deferred taxes | 168 | €174,419 | €167,452 | -€6,967 | -4.0% |
| Amounts payable | 17/49 | €292,293 | €291,231 | -€1,062 | -0.4% |
| Amounts payable after more than one year | 17 | €273,900 | €285,679 | +€11,779 | +4.3% |
| Other amounts payable | 178/9 | €273,900 | €285,679 | +€11,779 | +4.3% |
| Amounts payable within one year | 42/48 | €18,393 | €5,552 | -€12,841 | -69.8% |
| Trade debts | 44 | €8,884 | €3,990 | -€4,894 | -55.1% |
| Suppliers | 440/4 | €8,884 | €3,990 | -€4,894 | -55.1% |
| Taxes, remuneration and social security | 45 | €173 | €173 | = | 0.0% |
| Taxes | 450/3 | €173 | €173 | = | 0.0% |
| Other amounts payable | 47/48 | €9,336 | €1,389 | -€7,947 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,198 | €32,125 | +€10,927 | +51.5% |
| Other operating charges | 640/8 | €972 | €1,601 | +€629 | +64.7% |
| Gross operating margin | 9900 | -€2,447 | -€2,035 | +€411 | +16.8% |
| Operating profit (loss) | 9901 | -€24,617 | -€35,762 | -€11,145 | -45.3% |
| Financial charges | 65/66B | €181 | €214 | +€33 | +18.1% |
| Recurring financial charges | 65 | €181 | €214 | +€33 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,799 | -€35,976 | -€11,178 | -45.1% |
| Transfer from deferred taxes | 780 | €4,854 | €6,967 | +€2,112 | +43.5% |
| Income taxes | 67/77 | €173 | - | -€173 | |
| Profit (loss) for the period | 9904 | -€20,118 | -€29,009 | -€8,892 | -44.2% |
| Transfer from tax-exempt reserves | 789 | €14,563 | €20,901 | +€6,337 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,555 | -€8,109 | -€2,554 | -46.0% |
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 11 October 2026 via checked.be.