EKSTRAKT: 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.
EKSTRAKT
Largest movements
- Cash +€83,316
up €83,316 (+47.6%), from €175,109 to €258,426
mainly Contributions, distributions and other (+€70,141) and Depreciation (+€59,033)
- Tangible fixed assets -€53,560
down €53,560 (-8.5%), from €631,958 to €578,398
- Receivables within one year +€29,896
up €29,896 (+52.4%), from €57,036 to €86,932
of which Trade receivables: +€42,053
- Reserves +€48,562
up €48,562 (+11.7%), from €416,426 to €464,988
- Debts after one year -€36,295
down €36,295 (-13.9%), from €261,013 to €224,718
- Other debts +€23,534
up €23,534 (+21.0%), from €112,028 to €135,562
- Profit (loss) carried forward +€23,410
no longer reported in 2025 (was -€23,410)
- Trade debts -€10,618
down €10,618 (-27.0%), from €39,356 to €28,739
- Gross operating margin +€48,402
up €48,402 (+177%), from €27,407 to €75,808
- Depreciation -€3,525
down €3,525 (-5.6%), from €62,558 to €59,033
- Financial charges -€2,390
down €2,390 (-17.4%), from €13,771 to €11,380
- Other operating charges +€1,979
up €1,979 (+115%), from €1,718 to €3,697
- Taxes +€1,051
up €1,051, from -€35 to €1,017
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 | €870,525 | €933,581 | +€63,056 | +7.2% |
| Fixed assets | 21/28 | €632,008 | €582,198 | -€49,810 | -7.9% |
| Tangible fixed assets | 22/27 | €631,958 | €578,398 | -€53,560 | -8.5% |
| Land and buildings | 22 | €513,927 | €492,280 | -€21,647 | -4.2% |
| Plant, machinery and equipment | 23 | €21,194 | €14,391 | -€6,803 | -32.1% |
| Furniture and vehicles | 24 | €53,364 | €42,911 | -€10,453 | -19.6% |
| Leasing and similar rights | 25 | €43,472 | €28,815 | -€14,657 | -33.7% |
| Financial fixed assets | 28 | €50 | €3,800 | +€3,750 | +7,500% |
| Current assets | 29/58 | €238,517 | €351,383 | +€112,866 | +47.3% |
| Amounts receivable within one year | 40/41 | €57,036 | €86,932 | +€29,896 | +52.4% |
| Trade receivables | 40 | €34,350 | €76,404 | +€42,053 | +122% |
| Other amounts receivable | 41 | €22,686 | €10,529 | -€12,157 | -53.6% |
| Cash at bank and in hand | 54/58 | €175,109 | €258,426 | +€83,316 | +47.6% |
| Deferred charges and accrued income | 490/1 | €6,372 | €6,026 | -€346 | -5.4% |
| Total equity and liabilities | 10/49 | €870,525 | €933,581 | +€63,056 | +7.2% |
| Equity | 10/15 | €399,216 | €471,188 | +€71,973 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €416,426 | €464,988 | +€48,562 | +11.7% |
| Distributable reserves | 133 | €416,426 | €464,988 | +€48,562 | +11.7% |
| Profit (loss) carried forward | 14 | -€23,410 | - | +€23,410 | |
| Amounts payable | 17/49 | €471,309 | €462,392 | -€8,916 | -1.9% |
| Amounts payable after more than one year | 17 | €261,013 | €224,718 | -€36,295 | -13.9% |
| Financial debts | 170/4 | €261,013 | €224,718 | -€36,295 | -13.9% |
| Amounts payable within one year | 42/48 | €208,081 | €228,050 | +€19,969 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €35,626 | €45,646 | +€10,020 | +28.1% |
| Financial debts | 43 | €3,033 | €3,053 | +€20 | +0.7% |
| Other loans | 439 | €3,033 | €3,053 | +€20 | +0.7% |
| Trade debts | 44 | €39,356 | €28,739 | -€10,618 | -27.0% |
| Suppliers | 440/4 | €39,356 | €28,739 | -€10,618 | -27.0% |
| Taxes, remuneration and social security | 45 | €18,038 | €15,051 | -€2,987 | -16.6% |
| Taxes | 450/3 | €18,038 | €15,051 | -€2,987 | -16.6% |
| Other amounts payable | 47/48 | €112,028 | €135,562 | +€23,534 | +21.0% |
| Accrued charges and deferred income | 492/3 | €2,215 | €9,625 | +€7,410 | +335% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,558 | €59,033 | -€3,525 | -5.6% |
| Other operating charges | 640/8 | €1,718 | €3,697 | +€1,979 | +115% |
| Non-recurring operating charges | 66A | - | €287 | +€287 | |
| Gross operating margin | 9900 | €27,407 | €75,808 | +€48,402 | +177% |
| Operating profit (loss) | 9901 | -€36,869 | €12,792 | +€49,661 | |
| Financial income | 75/76B | €2,388 | €1,437 | -€951 | -39.8% |
| Recurring financial income | 75 | €2,388 | €1,437 | -€951 | -39.8% |
| Financial charges | 65/66B | €13,771 | €11,380 | -€2,390 | -17.4% |
| Recurring financial charges | 65 | €13,771 | €11,380 | -€2,390 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,252 | €2,848 | +€51,100 | |
| Income taxes | 67/77 | -€35 | €1,017 | +€1,051 | |
| Profit (loss) for the period | 9904 | -€48,218 | €1,831 | +€50,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,218 | €1,831 | +€50,049 |
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 24 October 2026 via checked.be.