Étage 01: 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.
Étage 01
Largest movements
- Cash +€3,801
up €3,801 (+80.5%), from €4,724 to €8,525
mainly Net result for the year (+€10,278) and Depreciation (+€2,565)
- Tangible fixed assets -€2,565
down €2,565 (-4.2%), from €61,439 to €58,875
of which Land and buildings: -€2,284
- Reserves +€10,278
up €10,278 (+79.4%), from €12,945 to €23,224
- Debts after one year -€4,621
down €4,621 (-10.7%), from €43,354 to €38,733
- Tax, wage and social debts -€4,384
down €4,384 (-45.6%), from €9,610 to €5,226
of which Taxes: -€2,684
- Other debts +€1,263
new in 2025: €1,263
- Gross operating margin +€8,215
up €8,215 (+66.0%), from €12,441 to €20,656
- Taxes +€2,043
up €2,043 (+287.4%), from €711 to €2,754
- Depreciation -€1,895
down €1,895 (-42.5%), from €4,460 to €2,565
- Financial charges -€741
down €741 (-16.5%), from €4,498 to €3,757
- Other operating charges +€307
up €307 (+30.5%), from €1,008 to €1,316
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 | €75,040 | €77,122 | +€2,083 | +2.8% |
| Fixed assets | 21/28 | €61,439 | €58,875 | -€2,565 | -4.2% |
| Tangible fixed assets | 22/27 | €61,439 | €58,875 | -€2,565 | -4.2% |
| Land and buildings | 22 | €60,597 | €58,314 | -€2,284 | -3.8% |
| Furniture and vehicles | 24 | €842 | €561 | -€281 | -33.4% |
| Current assets | 29/58 | €13,600 | €18,248 | +€4,647 | +34.2% |
| Amounts receivable within one year | 40/41 | €7,996 | €8,673 | +€677 | +8.5% |
| Trade receivables | 40 | €7,260 | €8,656 | +€1,396 | +19.2% |
| Other amounts receivable | 41 | €736 | €16 | -€719 | -97.8% |
| Cash at bank and in hand | 54/58 | €4,724 | €8,525 | +€3,801 | +80.5% |
| Deferred charges and accrued income | 490/1 | €881 | €1,050 | +€170 | +19.3% |
| Total equity and liabilities | 10/49 | €75,040 | €77,122 | +€2,083 | +2.8% |
| Equity | 10/15 | €15,945 | €26,224 | +€10,278 | +64.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,945 | €23,224 | +€10,278 | +79.4% |
| Distributable reserves | 133 | €12,945 | €23,224 | +€10,278 | +79.4% |
| Amounts payable | 17/49 | €59,095 | €50,899 | -€8,196 | -13.9% |
| Amounts payable after more than one year | 17 | €43,354 | €38,733 | -€4,621 | -10.7% |
| Financial debts | 170/4 | €43,354 | €38,733 | -€4,621 | -10.7% |
| Amounts payable within one year | 42/48 | €15,272 | €12,165 | -€3,106 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €4,421 | €4,621 | +€199 | +4.5% |
| Trade debts | 44 | €1,240 | €1,056 | -€184 | -14.9% |
| Suppliers | 440/4 | €1,240 | €1,056 | -€184 | -14.9% |
| Taxes, remuneration and social security | 45 | €9,610 | €5,226 | -€4,384 | -45.6% |
| Taxes | 450/3 | €7,910 | €5,226 | -€2,684 | -33.9% |
| Remuneration and social security | 454/9 | €1,700 | €0 | -€1,700 | -100.0% |
| Other amounts payable | 47/48 | - | €1,263 | +€1,263 | |
| Accrued charges and deferred income | 492/3 | €469 | €0 | -€469 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,460 | €2,565 | -€1,895 | -42.5% |
| Other operating charges | 640/8 | €1,008 | €1,316 | +€307 | +30.5% |
| Gross operating margin | 9900 | €12,441 | €20,656 | +€8,215 | +66.0% |
| Operating profit (loss) | 9901 | €6,973 | €16,776 | +€9,803 | +140.6% |
| Financial income | 75/76B | €39 | €14 | -€25 | -63.9% |
| Recurring financial income | 75 | €39 | €14 | -€25 | -63.9% |
| Financial charges | 65/66B | €4,498 | €3,757 | -€741 | -16.5% |
| Recurring financial charges | 65 | €4,498 | €3,757 | -€741 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €2,514 | €13,033 | +€10,519 | +418.4% |
| Income taxes | 67/77 | €711 | €2,754 | +€2,043 | +287.4% |
| Profit (loss) for the period | 9904 | €1,803 | €10,278 | +€8,475 | +470.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,803 | €10,278 | +€8,475 | +470.1% |
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 9 October 2026 via checked.be.