En Petit Comité: 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.
En Petit Comité
Largest movements
- Current investments +€77,128
up €77,128 (+66.0%), from €116,898 to €194,026
- Cash -€19,691
down €19,691 (-17.9%), from €110,194 to €90,503
mainly Current investments (-€77,128) and Debts after one year (-€68,116)
- Tangible fixed assets -€12,311
down €12,311 (-10.5%), from €116,820 to €104,509
of which Plant, machinery and equipment: -€10,505
- Stocks and contracts +€8,177
up €8,177 (+47.9%), from €17,073 to €25,250
- Intangible fixed assets -€6,000
down €6,000 (-11.8%), from €50,959 to €44,959
- Reserves +€83,216
up €83,216 (+57.7%), from €144,198 to €227,415
of which Non-distributable reserves: +€67,500
- Debts after one year -€68,116
down €68,116 (-57.8%), from €117,796 to €49,680
- Tax, wage and social debts +€16,341
up €16,341 (+18.8%), from €86,933 to €103,275
of which Taxes: +€17,336
- Current portion of long-term debt +€15,963
up €15,963 (+46.9%), from €34,025 to €49,988
- Trade debts +€7,699
up €7,699 (+50.9%), from €15,128 to €22,827
- Gross operating margin -€7,428
down €7,428 (-1.5%), from €502,189 to €494,761
- Staff costs +€6,052
up €6,052 (+1.8%), from €338,782 to €344,834
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 | €414,796 | €463,800 | +€49,005 | +11.8% |
| Fixed assets | 21/28 | €167,779 | €149,468 | -€18,311 | -10.9% |
| Intangible fixed assets | 21 | €50,959 | €44,959 | -€6,000 | -11.8% |
| Tangible fixed assets | 22/27 | €116,820 | €104,509 | -€12,311 | -10.5% |
| Plant, machinery and equipment | 23 | €54,216 | €43,711 | -€10,505 | -19.4% |
| Furniture and vehicles | 24 | €28,500 | €23,968 | -€4,533 | -15.9% |
| Other tangible fixed assets | 26 | €34,104 | €36,830 | +€2,726 | +8.0% |
| Current assets | 29/58 | €247,017 | €314,333 | +€67,316 | +27.3% |
| Stocks and contracts in progress | 3 | €17,073 | €25,250 | +€8,177 | +47.9% |
| Stocks | 30/36 | €17,073 | €25,250 | +€8,177 | +47.9% |
| Amounts receivable within one year | 40/41 | €2,111 | €3,418 | +€1,307 | +61.9% |
| Trade receivables | 40 | €854 | €1,226 | +€372 | +43.6% |
| Other amounts receivable | 41 | €1,258 | €2,192 | +€935 | +74.3% |
| Current investments | 50/53 | €116,898 | €194,026 | +€77,128 | +66.0% |
| Cash at bank and in hand | 54/58 | €110,194 | €90,503 | -€19,691 | -17.9% |
| Deferred charges and accrued income | 490/1 | €739 | €1,135 | +€395 | +53.5% |
| Total equity and liabilities | 10/49 | €414,796 | €463,800 | +€49,005 | +11.8% |
| Equity | 10/15 | €149,198 | €232,415 | +€83,216 | +55.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €144,198 | €227,415 | +€83,216 | +57.7% |
| Non-distributable reserves | 130/1 | - | €67,500 | +€67,500 | |
| Other | 1319 | - | €67,500 | +€67,500 | |
| Distributable reserves | 133 | €144,198 | €159,915 | +€15,716 | +10.9% |
| Amounts payable | 17/49 | €265,597 | €231,386 | -€34,212 | -12.9% |
| Amounts payable after more than one year | 17 | €117,796 | €49,680 | -€68,116 | -57.8% |
| Financial debts | 170/4 | €117,796 | €49,680 | -€68,116 | -57.8% |
| Amounts payable within one year | 42/48 | €136,401 | €176,241 | +€39,840 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €34,025 | €49,988 | +€15,963 | +46.9% |
| Trade debts | 44 | €15,128 | €22,827 | +€7,699 | +50.9% |
| Suppliers | 440/4 | €15,128 | €22,827 | +€7,699 | +50.9% |
| Taxes, remuneration and social security | 45 | €86,933 | €103,275 | +€16,341 | +18.8% |
| Taxes | 450/3 | €56,412 | €73,748 | +€17,336 | +30.7% |
| Remuneration and social security | 454/9 | €30,521 | €29,527 | -€995 | -3.3% |
| Other amounts payable | 47/48 | €314 | €152 | -€162 | -51.6% |
| Accrued charges and deferred income | 492/3 | €11,400 | €5,464 | -€5,936 | -52.1% |
| Remuneration, social security and pensions | 62 | €338,782 | €344,834 | +€6,052 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,106 | €32,183 | +€4,077 | +14.5% |
| Other operating charges | 640/8 | €1,766 | €1,769 | +€3 | +0.2% |
| Non-recurring operating charges | 66A | - | €165 | +€165 | |
| Gross operating margin | 9900 | €502,189 | €494,761 | -€7,428 | -1.5% |
| Operating profit (loss) | 9901 | €133,535 | €115,810 | -€17,725 | -13.3% |
| Financial income | 75/76B | €1,664 | €1,935 | +€270 | +16.2% |
| Recurring financial income | 75 | €1,664 | €1,935 | +€270 | +16.2% |
| Financial charges | 65/66B | €9,967 | €11,724 | +€1,757 | +17.6% |
| Recurring financial charges | 65 | €9,967 | €11,724 | +€1,757 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €125,233 | €106,021 | -€19,211 | -15.3% |
| Income taxes | 67/77 | €26,651 | €22,805 | -€3,846 | -14.4% |
| Profit (loss) for the period | 9904 | €98,582 | €83,216 | -€15,365 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,582 | €83,216 | -€15,365 | -15.6% |
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 12 October 2026 via checked.be.