Downton: 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.
Downton
Largest movements
- Tangible fixed assets -€55,893
down €55,893 (-5.1%), from €1.1m to €1.0m
of which Land and buildings: -€48,977
- Receivables within one year +€28,119
up €28,119 (+1022.5%), from €2,750 to €30,869
- Short-term financial debts +€49,996
new in 2025: €49,996
- Profit (loss) carried forward -€49,839
down €49,839 (-132.9%), from -€37,510 to -€87,348
- Debts after one year -€40,925
down €40,925 (-4.7%), from €870,533 to €829,608
- Trade debts +€13,768
up €13,768 (+134.8%), from €10,211 to €23,979
- Gross operating margin -€148,298
down €148,298 (-72.6%), from €204,253 to €55,954
- Financial charges -€8,627
down €8,627 (-21.0%), from €40,984 to €32,358
- Depreciation +€3,022
up €3,022 (+5.2%), from €58,556 to €61,578
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 | €1,108,334 | €1,076,911 | -€31,423 | -2.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,099,915 | €1,044,022 | -€55,893 | -5.1% |
| Tangible fixed assets | 22/27 | €1,099,915 | €1,044,022 | -€55,893 | -5.1% |
| Land and buildings | 22 | €1,011,797 | €962,821 | -€48,977 | -4.8% |
| Plant, machinery and equipment | 23 | €66,669 | €64,730 | -€1,938 | -2.9% |
| Furniture and vehicles | 24 | €21,449 | €16,471 | -€4,978 | -23.2% |
| Current assets | 29/58 | €8,419 | €32,889 | +€24,470 | +290.7% |
| Amounts receivable within one year | 40/41 | €2,750 | €30,869 | +€28,119 | +1022.5% |
| Other amounts receivable | 41 | €2,750 | €30,869 | +€28,119 | +1022.5% |
| Cash at bank and in hand | 54/58 | €4,784 | €0 | -€4,784 | -100.0% |
| Deferred charges and accrued income | 490/1 | €885 | €2,020 | +€1,135 | +128.2% |
| Total equity and liabilities | 10/49 | €1,108,334 | €1,076,911 | -€31,423 | -2.8% |
| Equity | 10/15 | €175,490 | €125,652 | -€49,839 | -28.4% |
| Contributions | 10/11 | €213,000 | €213,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,510 | -€87,348 | -€49,839 | -132.9% |
| Amounts payable | 17/49 | €932,843 | €951,259 | +€18,416 | +2.0% |
| Amounts payable after more than one year | 17 | €870,533 | €829,608 | -€40,925 | -4.7% |
| Financial debts | 170/4 | €870,533 | €829,608 | -€40,925 | -4.7% |
| Amounts payable within one year | 42/48 | €57,539 | €118,448 | +€60,908 | +105.9% |
| Current portion of amounts payable after more than one year | 42 | €42,853 | €44,275 | +€1,422 | +3.3% |
| Financial debts | 43 | - | €49,996 | +€49,996 | |
| Credit institutions | 430/8 | - | €49,996 | +€49,996 | |
| Trade debts | 44 | €10,211 | €23,979 | +€13,768 | +134.8% |
| Suppliers | 440/4 | €10,211 | €23,979 | +€13,768 | +134.8% |
| Taxes, remuneration and social security | 45 | €101 | €198 | +€97 | +96.0% |
| Taxes | 450/3 | €101 | €198 | +€97 | +96.0% |
| Other amounts payable | 47/48 | €4,374 | €0 | -€4,374 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,771 | €3,204 | -€1,568 | -32.9% |
| Non-recurring operating income | 76A | €147,394 | €0 | -€147,394 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,556 | €61,578 | +€3,022 | +5.2% |
| Other operating charges | 640/8 | €12,491 | €12,002 | -€489 | -3.9% |
| Non-recurring operating charges | 66A | €2,500 | €0 | -€2,500 | -100.0% |
| Gross operating margin | 9900 | €204,253 | €55,954 | -€148,298 | -72.6% |
| Operating profit (loss) | 9901 | €130,706 | -€17,625 | -€148,331 | |
| Financial income | 75/76B | - | €241 | +€241 | |
| Recurring financial income | 75 | - | €241 | +€241 | |
| Financial charges | 65/66B | €40,984 | €32,358 | -€8,627 | -21.0% |
| Recurring financial charges | 65 | €40,984 | €32,358 | -€8,627 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €89,722 | -€49,742 | -€139,464 | |
| Income taxes | 67/77 | €101 | €97 | -€4 | -4.0% |
| Profit (loss) for the period | 9904 | €89,621 | -€49,839 | -€139,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,621 | -€49,839 | -€139,460 |
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.