E en K: 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.
E en K
Largest movements
- Tangible fixed assets -€11,134
down €11,134 (-10.4%), from €106,975 to €95,841
- Trade debts -€11,992
down €11,992 (-59.7%), from €20,087 to €8,096
- Reserves +€5,582
up €5,582 (+4.5%), from €123,375 to €128,958
of which Distributable reserves: +€5,582
- Current portion of long-term debt -€3,994
down €3,994 (-100%), from €3,994 to €0
- Gross operating margin -€299
down €299 (-1.3%), from €22,905 to €22,606
- Taxes +€291
up €291 (+11.6%), from €2,503 to €2,794
- Financial charges +€262
up €262 (+123%), from €213 to €474
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 | €317,402 | €307,210 | -€10,192 | -3.2% |
| Fixed assets | 21/28 | €106,975 | €95,841 | -€11,134 | -10.4% |
| Tangible fixed assets | 22/27 | €106,975 | €95,841 | -€11,134 | -10.4% |
| Land and buildings | 22 | €106,975 | €95,841 | -€11,134 | -10.4% |
| Current assets | 29/58 | €210,427 | €211,369 | +€942 | +0.4% |
| Amounts receivable within one year | 40/41 | €207,653 | €208,977 | +€1,324 | +0.6% |
| Trade receivables | 40 | €172,675 | €172,675 | = | 0.0% |
| Other amounts receivable | 41 | €34,978 | €36,302 | +€1,324 | +3.8% |
| Cash at bank and in hand | 54/58 | €354 | €21 | -€334 | -94.1% |
| Deferred charges and accrued income | 490/1 | €2,419 | €2,371 | -€48 | -2.0% |
| Total equity and liabilities | 10/49 | €317,402 | €307,210 | -€10,192 | -3.2% |
| Equity | 10/15 | €274,590 | €280,173 | +€5,582 | +2.0% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €123,375 | €128,958 | +€5,582 | +4.5% |
| Non-distributable reserves | 130/1 | €15,122 | €15,122 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,122 | €15,122 | = | 0.0% |
| Distributable reserves | 133 | €108,254 | €113,836 | +€5,582 | +5.2% |
| Amounts payable | 17/49 | €42,811 | €27,037 | -€15,774 | -36.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,267 | €13,492 | -€15,774 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €3,994 | €0 | -€3,994 | -100% |
| Trade debts | 44 | €20,087 | €8,096 | -€11,992 | -59.7% |
| Suppliers | 440/4 | €20,087 | €8,096 | -€11,992 | -59.7% |
| Taxes, remuneration and social security | 45 | €5,185 | €5,397 | +€211 | +4.1% |
| Taxes | 450/3 | €5,185 | €5,397 | +€211 | +4.1% |
| Accrued charges and deferred income | 492/3 | €13,545 | €13,545 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,134 | €11,134 | = | 0.0% |
| Other operating charges | 640/8 | €4,471 | €4,607 | +€136 | +3.0% |
| Gross operating margin | 9900 | €22,905 | €22,606 | -€299 | -1.3% |
| Operating profit (loss) | 9901 | €7,300 | €6,865 | -€435 | -6.0% |
| Financial income | 75/76B | €2,097 | €1,985 | -€112 | -5.3% |
| Recurring financial income | 75 | €2,097 | €1,985 | -€112 | -5.3% |
| Financial charges | 65/66B | €213 | €474 | +€262 | +123% |
| Recurring financial charges | 65 | €213 | €474 | +€262 | +123% |
| Profit (loss) for the period before taxes | 9903 | €9,184 | €8,376 | -€808 | -8.8% |
| Income taxes | 67/77 | €2,503 | €2,794 | +€291 | +11.6% |
| Profit (loss) for the period | 9904 | €6,682 | €5,582 | -€1,099 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,682 | €5,582 | -€1,099 | -16.5% |
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 14 October 2026 via checked.be.