EQUALLY FOOLISH: 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.
EQUALLY FOOLISH
Largest movements
- Tangible fixed assets +€303,111
up €303,111 (+369%), from €82,117 to €385,227
- Cash -€280,835
down €280,835 (-81.4%), from €344,846 to €64,011
mainly Investment in fixed assets (net) (-€352,719) and Tax, wage and social debts (-€19,448)
- Receivables within one year -€7,265
down €7,265 (-12.5%), from €58,144 to €50,879
of which Trade receivables: -€5,591
- Other debts +€54,328
up €54,328 (+26.2%), from €207,266 to €261,594
- Tax, wage and social debts -€19,448
down €19,448 (-51.0%), from €38,127 to €18,679
of which Taxes: -€19,448
- Debts after one year -€17,857
down €17,857 (-100%), from €17,857 to €0
- Gross operating margin -€142,499
down €142,499 (-71.2%), from €200,190 to €57,691
- Depreciation +€29,665
up €29,665 (+149%), from €19,944 to €49,609
- Taxes -€5,481
down €5,481 (-49.0%), from €11,175 to €5,694
- Other operating charges -€3,403
down €3,403 (-61.2%), from €5,561 to €2,157
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 | €485,590 | €500,577 | +€14,987 | +3.1% |
| Fixed assets | 21/28 | €82,117 | €385,227 | +€303,111 | +369% |
| Tangible fixed assets | 22/27 | €82,117 | €385,227 | +€303,111 | +369% |
| Land and buildings | 22 | €0 | €147,786 | +€147,786 | |
| Plant, machinery and equipment | 23 | €914 | €2,319 | +€1,405 | +154% |
| Furniture and vehicles | 24 | €8,372 | €15,698 | +€7,326 | +87.5% |
| Other tangible fixed assets | 26 | €72,831 | €219,424 | +€146,593 | +201% |
| Current assets | 29/58 | €403,474 | €115,350 | -€288,124 | -71.4% |
| Amounts receivable within one year | 40/41 | €58,144 | €50,879 | -€7,265 | -12.5% |
| Trade receivables | 40 | €13,957 | €8,366 | -€5,591 | -40.1% |
| Other amounts receivable | 41 | €44,188 | €42,513 | -€1,675 | -3.8% |
| Cash at bank and in hand | 54/58 | €344,846 | €64,011 | -€280,835 | -81.4% |
| Deferred charges and accrued income | 490/1 | €483 | €461 | -€23 | -4.7% |
| Total equity and liabilities | 10/49 | €485,590 | €500,577 | +€14,987 | +3.1% |
| Equity | 10/15 | €170,376 | €170,270 | -€106 | -0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €157,976 | €157,870 | -€106 | -0.1% |
| Tax-exempt reserves | 132 | €95,447 | €91,918 | -€3,529 | -3.7% |
| Distributable reserves | 133 | €62,529 | €65,951 | +€3,423 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €31,816 | €30,639 | -€1,176 | -3.7% |
| Deferred taxes | 168 | €31,816 | €30,639 | -€1,176 | -3.7% |
| Amounts payable | 17/49 | €283,399 | €299,668 | +€16,270 | +5.7% |
| Amounts payable after more than one year | 17 | €17,857 | €0 | -€17,857 | -100% |
| Financial debts | 170/4 | €17,857 | €0 | -€17,857 | -100% |
| Amounts payable within one year | 42/48 | €265,542 | €299,668 | +€34,126 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €17,530 | €17,914 | +€384 | +2.2% |
| Financial debts | 43 | €15 | €23 | +€8 | +53.6% |
| Credit institutions | 430/8 | €15 | €23 | +€8 | +53.6% |
| Trade debts | 44 | €2,603 | €1,459 | -€1,145 | -44.0% |
| Suppliers | 440/4 | €2,603 | €1,459 | -€1,145 | -44.0% |
| Taxes, remuneration and social security | 45 | €38,127 | €18,679 | -€19,448 | -51.0% |
| Taxes | 450/3 | €36,127 | €16,679 | -€19,448 | -53.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €207,266 | €261,594 | +€54,328 | +26.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €133,285 | €0 | -€133,285 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,944 | €49,609 | +€29,665 | +149% |
| Other operating charges | 640/8 | €5,561 | €2,157 | -€3,403 | -61.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €200,190 | €57,691 | -€142,499 | -71.2% |
| Operating profit (loss) | 9901 | €174,685 | €5,925 | -€168,760 | -96.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.0% |
| Financial charges | 65/66B | €363 | €1,513 | +€1,151 | +317% |
| Recurring financial charges | 65 | €363 | €1,513 | +€1,151 | +317% |
| Profit (loss) for the period before taxes | 9903 | €174,325 | €4,411 | -€169,913 | -97.5% |
| Transfer from deferred taxes | 780 | - | €1,176 | +€1,176 | |
| Transfer to deferred taxes | 680 | €31,816 | €0 | -€31,816 | -100% |
| Income taxes | 67/77 | €11,175 | €5,694 | -€5,481 | -49.0% |
| Profit (loss) for the period | 9904 | €131,334 | -€106 | -€131,440 | |
| Transfer from tax-exempt reserves | 789 | - | €3,529 | +€3,529 | |
| Transfer to tax-exempt reserves | 689 | €95,447 | €0 | -€95,447 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €35,886 | €3,423 | -€32,464 | -90.5% |
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 17 October 2026 via checked.be.