ESSENTIAL MANAGEMENT: what changed
Two fiscal 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.
ESSENTIAL MANAGEMENT
Largest movements
- Tangible fixed assets -€8,500
down €8,500 (-3.8%), from €225,362 to €216,862
- Debts after one year -€47,744
down €47,744 (-9.8%), from €485,609 to €437,865
- Profit (loss) carried forward +€38,969
up €38,969 (+270.0%), from €14,434 to €53,404
- Tax, wage and social debts +€10,856
up €10,856 (+135.1%), from €8,033 to €18,889
- Gross operating margin +€16,918
up €16,918 (+25.9%), from €65,216 to €82,134
- Taxes +€10,914
up €10,914 (+291.5%), from €3,744 to €14,658
- Financial charges +€3,462
up €3,462 (+27.6%), from €12,564 to €16,025
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 | €827,113 | €826,553 | -€560 | -0.1% |
| Fixed assets | 21/28 | €780,377 | €771,877 | -€8,500 | -1.1% |
| Tangible fixed assets | 22/27 | €225,362 | €216,862 | -€8,500 | -3.8% |
| Land and buildings | 22 | €225,362 | €216,862 | -€8,500 | -3.8% |
| Financial fixed assets | 28 | €555,015 | €555,015 | = | 0.0% |
| Current assets | 29/58 | €46,736 | €54,676 | +€7,940 | +17.0% |
| Amounts receivable within one year | 40/41 | €38,902 | €44,429 | +€5,527 | +14.2% |
| Trade receivables | 40 | €11,582 | €25,410 | +€13,828 | +119.4% |
| Other amounts receivable | 41 | €27,320 | €19,019 | -€8,301 | -30.4% |
| Cash at bank and in hand | 54/58 | €7,834 | €10,247 | +€2,413 | +30.8% |
| Total equity and liabilities | 10/49 | €827,113 | €826,553 | -€560 | -0.1% |
| Equity | 10/15 | €29,434 | €68,404 | +€38,969 | +132.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,434 | €53,404 | +€38,969 | +270.0% |
| Amounts payable | 17/49 | €797,679 | €758,150 | -€39,529 | -5.0% |
| Amounts payable after more than one year | 17 | €485,609 | €437,865 | -€47,744 | -9.8% |
| Financial debts | 170/4 | €485,609 | €437,865 | -€47,744 | -9.8% |
| Amounts payable within one year | 42/48 | €312,070 | €320,285 | +€8,215 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €45,036 | €49,404 | +€4,369 | +9.7% |
| Trade debts | 44 | €1,501 | €491 | -€1,010 | -67.3% |
| Suppliers | 440/4 | €1,501 | €491 | -€1,010 | -67.3% |
| Taxes, remuneration and social security | 45 | €8,033 | €18,889 | +€10,856 | +135.1% |
| Taxes | 450/3 | €8,033 | €18,889 | +€10,856 | +135.1% |
| Other amounts payable | 47/48 | €257,500 | €251,500 | -€6,000 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,500 | €8,500 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,861 | €3,982 | +€121 | +3.1% |
| Gross operating margin | 9900 | €65,216 | €82,134 | +€16,918 | +25.9% |
| Operating profit (loss) | 9901 | €52,855 | €69,653 | +€16,797 | +31.8% |
| Financial charges | 65/66B | €12,564 | €16,025 | +€3,462 | +27.6% |
| Recurring financial charges | 65 | €12,564 | €16,025 | +€3,462 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €40,291 | €53,627 | +€13,336 | +33.1% |
| Income taxes | 67/77 | €3,744 | €14,658 | +€10,914 | +291.5% |
| Profit (loss) for the period | 9904 | €36,548 | €38,969 | +€2,422 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,548 | €38,969 | +€2,422 | +6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.