EQUITY INVEST: what changed
EQUITY INVEST
Largest movements
- Tangible fixed assets -€11,663
down €11,663 (-2.7%), from €427,304 to €415,641
of which Land and buildings: -€12,575
- Profit (loss) carried forward -€17,026
down €17,026 (-25.5%), from -€66,693 to -€83,719
- Other debts +€11,000
up €11,000 (+2.3%), from €485,000 to €496,000
- Gross operating margin -€217
down €217 (-44.9%), from €482 to €265
- Financial charges +€88
up €88 (+292%), from €30 to €118
- Other operating charges +€61
up €61 (+1.4%), from €4,250 to €4,311
- Depreciation +€53
up €53 (+0.4%), from €12,810 to €12,863
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,343 | €420,663 | -€9,680 | -2.2% |
| Fixed assets | 21/28 | €427,304 | €415,641 | -€11,663 | -2.7% |
| Tangible fixed assets | 22/27 | €427,304 | €415,641 | -€11,663 | -2.7% |
| Land and buildings | 22 | €425,206 | €412,631 | -€12,575 | -3.0% |
| Plant, machinery and equipment | 23 | €2,098 | €3,009 | +€911 | +43.4% |
| Current assets | 29/58 | €3,039 | €5,022 | +€1,983 | +65.2% |
| Amounts receivable within one year | 40/41 | €972 | €1,452 | +€480 | +49.5% |
| Trade receivables | 40 | €972 | €1,452 | +€480 | +49.5% |
| Cash at bank and in hand | 54/58 | €2,068 | €3,570 | +€1,502 | +72.7% |
| Total equity and liabilities | 10/49 | €430,343 | €420,663 | -€9,680 | -2.2% |
| Equity | 10/15 | -€61,693 | -€78,719 | -€17,026 | -27.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,693 | -€83,719 | -€17,026 | -25.5% |
| Amounts payable | 17/49 | €492,036 | €499,382 | +€7,346 | +1.5% |
| Amounts payable within one year | 42/48 | €492,036 | €499,382 | +€7,346 | +1.5% |
| Trade debts | 44 | €7,036 | €3,382 | -€3,654 | -51.9% |
| Suppliers | 440/4 | €7,036 | €3,382 | -€3,654 | -51.9% |
| Other amounts payable | 47/48 | €485,000 | €496,000 | +€11,000 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,810 | €12,863 | +€53 | +0.4% |
| Other operating charges | 640/8 | €4,250 | €4,311 | +€61 | +1.4% |
| Gross operating margin | 9900 | €482 | €265 | -€217 | -44.9% |
| Operating profit (loss) | 9901 | -€16,579 | -€16,909 | -€330 | -2.0% |
| Financial charges | 65/66B | €30 | €118 | +€88 | +292% |
| Recurring financial charges | 65 | €30 | €118 | +€88 | +292% |
| Profit (loss) for the period before taxes | 9903 | -€16,609 | -€17,026 | -€418 | -2.5% |
| Profit (loss) for the period | 9904 | -€16,609 | -€17,026 | -€418 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,609 | -€17,026 | -€418 | -2.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.