DYNAMICS TRANSLATIONS: 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.
DYNAMICS TRANSLATIONS
Largest movements
- Tangible fixed assets -€57,365
down €57,365 (-7.0%), from €821,646 to €764,280
of which Land and buildings: -€36,720
- Receivables within one year -€26,655
down €26,655 (-82.0%), from €32,493 to €5,837
of which Trade receivables: -€26,872
- Cash -€22,362
down €22,362 (-44.3%), from €50,452 to €28,090
mainly Net result for the year (-€81,719) and Debts after one year (-€65,012)
- Profit (loss) carried forward -€81,719
down €81,719 (-72.9%), from €112,171 to €30,452
- Other debts +€74,017
up €74,017 (+2,773%), from €2,669 to €76,686
- Debts after one year -€65,012
down €65,012 (-47.8%), from €136,110 to €71,098
- Trade debts -€32,145
down €32,145 (-63.0%), from €50,999 to €18,854
- Gross operating margin +€49,155
up €49,155, from -€2,032 to €47,124
- Financial income +€10,379
up €10,379 (+14,809%), from €70 to €10,449
- Other operating charges +€7,236
up €7,236 (+121%), from €6,003 to €13,239
- Staff costs -€4,160
down €4,160 (-6.7%), from €62,505 to €58,345
- Financial charges -€1,390
down €1,390 (-16.1%), from €8,612 to €7,222
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.
Derived cash bridge
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 | €908,959 | €802,743 | -€106,216 | -11.7% |
| Fixed assets | 21/28 | €821,646 | €764,280 | -€57,365 | -7.0% |
| Tangible fixed assets | 22/27 | €821,646 | €764,280 | -€57,365 | -7.0% |
| Land and buildings | 22 | €759,275 | €722,555 | -€36,720 | -4.8% |
| Plant, machinery and equipment | 23 | €14,488 | €9,434 | -€5,054 | -34.9% |
| Furniture and vehicles | 24 | €47,883 | €32,292 | -€15,591 | -32.6% |
| Current assets | 29/58 | €87,313 | €38,462 | -€48,851 | -55.9% |
| Amounts receivable within one year | 40/41 | €32,493 | €5,837 | -€26,655 | -82.0% |
| Trade receivables | 40 | €29,280 | €2,408 | -€26,872 | -91.8% |
| Other amounts receivable | 41 | €3,213 | €3,429 | +€216 | +6.7% |
| Cash at bank and in hand | 54/58 | €50,452 | €28,090 | -€22,362 | -44.3% |
| Deferred charges and accrued income | 490/1 | €4,369 | €4,535 | +€167 | +3.8% |
| Total equity and liabilities | 10/49 | €908,959 | €802,743 | -€106,216 | -11.7% |
| Equity | 10/15 | €637,410 | €555,691 | -€81,719 | -12.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €500,450 | €500,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,750 | €43,750 | = | 0.0% |
| Distributable reserves | 133 | €456,700 | €456,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,171 | €30,452 | -€81,719 | -72.9% |
| Amounts payable | 17/49 | €271,549 | €247,051 | -€24,498 | -9.0% |
| Amounts payable after more than one year | 17 | €136,110 | €71,098 | -€65,012 | -47.8% |
| Financial debts | 170/4 | €136,110 | €71,098 | -€65,012 | -47.8% |
| Amounts payable within one year | 42/48 | €134,954 | €175,469 | +€40,514 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €62,974 | €65,012 | +€2,038 | +3.2% |
| Trade debts | 44 | €50,999 | €18,854 | -€32,145 | -63.0% |
| Suppliers | 440/4 | €50,999 | €18,854 | -€32,145 | -63.0% |
| Taxes, remuneration and social security | 45 | €18,312 | €14,917 | -€3,395 | -18.5% |
| Taxes | 450/3 | €4,886 | €2,451 | -€2,434 | -49.8% |
| Remuneration and social security | 454/9 | €13,427 | €12,466 | -€961 | -7.2% |
| Other amounts payable | 47/48 | €2,669 | €76,686 | +€74,017 | +2,773% |
| Accrued charges and deferred income | 492/3 | €485 | €485 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €62,505 | €58,345 | -€4,160 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,370 | €57,365 | -€5 | 0.0% |
| Other operating charges | 640/8 | €6,003 | €13,239 | +€7,236 | +121% |
| Non-recurring operating charges | 66A | - | €2,340 | +€2,340 | |
| Gross operating margin | 9900 | -€2,032 | €47,124 | +€49,155 | |
| Operating profit (loss) | 9901 | -€127,909 | -€84,166 | +€43,744 | +34.2% |
| Financial income | 75/76B | €70 | €10,449 | +€10,379 | +14,809% |
| Recurring financial income | 75 | €70 | €10,449 | +€10,379 | +14,809% |
| Financial charges | 65/66B | €8,612 | €7,222 | -€1,390 | -16.1% |
| Recurring financial charges | 65 | €8,612 | €7,222 | -€1,390 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€136,451 | -€80,938 | +€55,513 | +40.7% |
| Income taxes | 67/77 | €787 | €781 | -€6 | -0.8% |
| Profit (loss) for the period | 9904 | -€137,238 | -€81,719 | +€55,519 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,238 | -€81,719 | +€55,519 | +40.5% |
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 25 October 2026 via checked.be.