EVENTS OUTSIDE THE BOX: what changed
EVENTS OUTSIDE THE BOX
Largest movements
- Cash +€39,516
up €39,516 (+33.7%), from €117,276 to €156,792
mainly Receivables within one year (+€38,652) and Other debts (+€35,857)
- Receivables within one year -€38,652
down €38,652 (-49.0%), from €78,869 to €40,217
of which Trade receivables: -€46,911
- Tangible fixed assets -€5,592
down €5,592 (-8.8%), from €63,765 to €58,173
of which Land and buildings: -€3,041
- Other debts +€35,857
up €35,857 (+365%), from €9,836 to €45,693
- Reserves -€30,750
down €30,750 (-18.6%), from €164,989 to €134,239
- Accrued charges and deferred income +€8,250
up €8,250 (+70.8%), from €11,650 to €19,900
- Trade debts -€7,436
down €7,436 (-63.2%), from €11,774 to €4,338
- Debts after one year -€6,000
down €6,000 (-12.2%), from €49,000 to €43,000
- Gross operating margin -€35,337
down €35,337 (-58.1%), from €60,809 to €25,472
- Depreciation -€10,212
down €10,212 (-64.6%), from €15,804 to €5,592
- Taxes -€6,455
down €6,455 (-49.7%), from €12,984 to €6,530
- Staff costs -€5,243
down €5,243 (-98.9%), from €5,300 to €57
- Write-downs -€2,675
down €2,675 (-1,019%), from -€263 to -€2,938
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 | €264,147 | €259,472 | -€4,675 | -1.8% |
| Fixed assets | 21/28 | €63,765 | €58,173 | -€5,592 | -8.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €63,765 | €58,173 | -€5,592 | -8.8% |
| Land and buildings | 22 | €57,978 | €54,937 | -€3,041 | -5.2% |
| Plant, machinery and equipment | 23 | €2,721 | €1,588 | -€1,134 | -41.7% |
| Furniture and vehicles | 24 | €3,066 | €1,648 | -€1,417 | -46.2% |
| Current assets | 29/58 | €200,383 | €201,300 | +€917 | +0.5% |
| Amounts receivable within one year | 40/41 | €78,869 | €40,217 | -€38,652 | -49.0% |
| Trade receivables | 40 | €76,563 | €29,651 | -€46,911 | -61.3% |
| Other amounts receivable | 41 | €2,306 | €10,565 | +€8,259 | +358% |
| Cash at bank and in hand | 54/58 | €117,276 | €156,792 | +€39,516 | +33.7% |
| Deferred charges and accrued income | 490/1 | €4,237 | €4,291 | +€54 | +1.3% |
| Total equity and liabilities | 10/49 | €264,147 | €259,472 | -€4,675 | -1.8% |
| Equity | 10/15 | €167,489 | €136,739 | -€30,750 | -18.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €164,989 | €134,239 | -€30,750 | -18.6% |
| Distributable reserves | 133 | €164,989 | €134,239 | -€30,750 | -18.6% |
| Amounts payable | 17/49 | €96,658 | €122,734 | +€26,076 | +27.0% |
| Amounts payable after more than one year | 17 | €49,000 | €43,000 | -€6,000 | -12.2% |
| Financial debts | 170/4 | €49,000 | €43,000 | -€6,000 | -12.2% |
| Amounts payable within one year | 42/48 | €36,008 | €59,834 | +€23,826 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 43 | €3,750 | €3,750 | = | 0.0% |
| Other loans | 439 | €3,750 | €3,750 | = | 0.0% |
| Trade debts | 44 | €11,774 | €4,338 | -€7,436 | -63.2% |
| Suppliers | 440/4 | €11,774 | €4,338 | -€7,436 | -63.2% |
| Taxes, remuneration and social security | 45 | €4,649 | €53 | -€4,596 | -98.9% |
| Taxes | 450/3 | €4,649 | €53 | -€4,596 | -98.9% |
| Other amounts payable | 47/48 | €9,836 | €45,693 | +€35,857 | +365% |
| Accrued charges and deferred income | 492/3 | €11,650 | €19,900 | +€8,250 | +70.8% |
| Remuneration, social security and pensions | 62 | €5,300 | €57 | -€5,243 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,804 | €5,592 | -€10,212 | -64.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€263 | -€2,938 | -€2,675 | -1,019% |
| Other operating charges | 640/8 | €946 | €870 | -€76 | -8.0% |
| Gross operating margin | 9900 | €60,809 | €25,472 | -€35,337 | -58.1% |
| Operating profit (loss) | 9901 | €39,022 | €21,891 | -€17,130 | -43.9% |
| Financial income | 75/76B | €41 | €734 | +€692 | +1,681% |
| Recurring financial income | 75 | €41 | €734 | +€692 | +1,681% |
| Financial charges | 65/66B | €4,285 | €3,580 | -€705 | -16.5% |
| Recurring financial charges | 65 | €4,285 | €3,580 | -€705 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €34,778 | €19,045 | -€15,733 | -45.2% |
| Income taxes | 67/77 | €12,984 | €6,530 | -€6,455 | -49.7% |
| Profit (loss) for the period | 9904 | €21,794 | €12,516 | -€9,278 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,794 | €12,516 | -€9,278 | -42.6% |
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 7 November 2026 via checked.be.