Estate +: 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.
Estate +
Largest movements
- Cash +€64,772
up €64,772 (+46.9%), from €138,204 to €202,976
mainly Other debts (+€40,278) and Net result for the year (+€14,514)
- Other debts +€40,278
new in 2025: €40,278
- Reserves +€12,378
up €12,378 (+8.9%), from €138,854 to €151,232
of which Distributable reserves: +€14,238
- Trade debts +€7,259
up €7,259 (+6,741%), from €108 to €7,367
- Tax, wage and social debts +€5,289
up €5,289 (+79.4%), from €6,657 to €11,946
- Gross operating margin -€20,288
down €20,288 (-35.3%), from €57,402 to €37,114
- Staff costs +€2,420
new in 2025: €2,420
- Other operating charges +€1,745
up €1,745 (+269%), from €649 to €2,394
- Financial charges +€1,176
up €1,176 (+1,120%), from €105 to €1,281
- Taxes +€892
up €892 (+7.2%), from €12,406 to €13,298
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 | €164,219 | €230,169 | +€65,950 | +40.2% |
| Fixed assets | 21/28 | €9,526 | €10,691 | +€1,165 | +12.2% |
| Tangible fixed assets | 22/27 | €9,526 | €10,691 | +€1,165 | +12.2% |
| Land and buildings | 22 | - | €4,485 | +€4,485 | |
| Furniture and vehicles | 24 | €9,526 | €362 | -€9,164 | -96.2% |
| Leasing and similar rights | 25 | - | €5,845 | +€5,845 | |
| Current assets | 29/58 | €154,693 | €219,478 | +€64,786 | +41.9% |
| Amounts receivable within one year | 40/41 | €16,489 | €16,502 | +€13 | +0.1% |
| Trade receivables | 40 | €11,687 | €9,812 | -€1,875 | -16.0% |
| Other amounts receivable | 41 | €4,802 | €6,690 | +€1,888 | +39.3% |
| Cash at bank and in hand | 54/58 | €138,204 | €202,976 | +€64,772 | +46.9% |
| Total equity and liabilities | 10/49 | €164,219 | €230,169 | +€65,950 | +40.2% |
| Equity | 10/15 | €157,454 | €170,579 | +€13,125 | +8.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €138,854 | €151,232 | +€12,378 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €136,994 | €151,232 | +€14,238 | +10.4% |
| Profit (loss) carried forward | 14 | - | -€1,113 | -€1,113 | |
| Amounts payable | 17/49 | €6,765 | €59,590 | +€52,825 | +781% |
| Amounts payable within one year | 42/48 | €6,765 | €59,590 | +€52,825 | +781% |
| Trade debts | 44 | €108 | €7,367 | +€7,259 | +6,741% |
| Suppliers | 440/4 | €108 | €7,367 | +€7,259 | +6,741% |
| Taxes, remuneration and social security | 45 | €6,657 | €11,946 | +€5,289 | +79.4% |
| Taxes | 450/3 | €6,657 | €11,946 | +€5,289 | +79.4% |
| Other amounts payable | 47/48 | - | €40,278 | +€40,278 | |
| Remuneration, social security and pensions | 62 | - | €2,420 | +€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €3,320 | = | 0.0% |
| Other operating charges | 640/8 | €649 | €2,394 | +€1,745 | +269% |
| Non-recurring operating charges | 66A | - | €101 | +€101 | |
| Gross operating margin | 9900 | €57,402 | €37,114 | -€20,288 | -35.3% |
| Operating profit (loss) | 9901 | €53,433 | €28,880 | -€24,553 | -46.0% |
| Financial income | 75/76B | - | €214 | +€214 | |
| Recurring financial income | 75 | - | €214 | +€214 | |
| Financial charges | 65/66B | €105 | €1,281 | +€1,176 | +1,120% |
| Recurring financial charges | 65 | €105 | €1,281 | +€1,176 | +1,120% |
| Profit (loss) for the period before taxes | 9903 | €53,328 | €27,812 | -€25,516 | -47.8% |
| Income taxes | 67/77 | €12,406 | €13,298 | +€892 | +7.2% |
| Profit (loss) for the period | 9904 | €40,922 | €14,514 | -€26,408 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,922 | €14,514 | -€26,408 | -64.5% |
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.