EVERY DAY: 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.
EVERY DAY
Largest movements
- Tangible fixed assets -€36,436
down €36,436 (-21.8%), from €167,458 to €131,022
of which Land and buildings: -€29,139
- Cash -€32,476
down €32,476 (-87.4%), from €37,178 to €4,702
mainly Debts after one year (-€56,299) and Contributions, distributions and other (-€24,852)
- Receivables within one year +€11,058
up €11,058 (+52.4%), from €21,090 to €32,148
of which Trade receivables: +€10,230
- Debts after one year -€56,299
down €56,299 (-43.5%), from €129,326 to €73,027
- Other debts +€29,802
up €29,802 (+20.5%), from €145,135 to €174,937
- Reserves -€24,019
down €24,019 (-16.7%), from €144,233 to €120,214
- Profit (loss) carried forward -€13,012
down €13,012 (-53.0%), from -€24,542 to -€37,554
- Tax, wage and social debts +€4,895
up €4,895 (+466.0%), from €1,050 to €5,945
- Gross operating margin +€34,931
up €34,931 (+360.4%), from €9,692 to €44,624
- Depreciation +€9,148
up €9,148 (+21.6%), from €42,392 to €51,540
- Financial charges -€797
down €797 (-13.5%), from €5,920 to €5,123
of which Financial charges: -€797
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 | €475,738 | €417,885 | -€57,853 | -12.2% |
| Fixed assets | 21/28 | €417,470 | €381,034 | -€36,436 | -8.7% |
| Tangible fixed assets | 22/27 | €167,458 | €131,022 | -€36,436 | -21.8% |
| Land and buildings | 22 | €87,391 | €58,252 | -€29,139 | -33.3% |
| Plant, machinery and equipment | 23 | €26,712 | €31,315 | +€4,603 | +17.2% |
| Furniture and vehicles | 24 | €53,355 | €41,455 | -€11,900 | -22.3% |
| Financial fixed assets | 28 | €250,012 | €250,012 | = | 0.0% |
| Current assets | 29/58 | €58,268 | €36,851 | -€21,417 | -36.8% |
| Amounts receivable within one year | 40/41 | €21,090 | €32,148 | +€11,058 | +52.4% |
| Trade receivables | 40 | €10,909 | €21,139 | +€10,230 | +93.8% |
| Other amounts receivable | 41 | €10,181 | €11,010 | +€829 | +8.1% |
| Cash at bank and in hand | 54/58 | €37,178 | €4,702 | -€32,476 | -87.4% |
| Total equity and liabilities | 10/49 | €475,738 | €417,885 | -€57,853 | -12.2% |
| Equity | 10/15 | €138,686 | €101,656 | -€37,031 | -26.7% |
| Contributions | 10/11 | €18,995 | €18,995 | = | 0.0% |
| Reserves | 13 | €144,233 | €120,214 | -€24,019 | -16.7% |
| Distributable reserves | 133 | €144,233 | €120,214 | -€24,019 | -16.7% |
| Profit (loss) carried forward | 14 | -€24,542 | -€37,554 | -€13,012 | -53.0% |
| Amounts payable | 17/49 | €337,051 | €316,229 | -€20,822 | -6.2% |
| Amounts payable after more than one year | 17 | €129,326 | €73,027 | -€56,299 | -43.5% |
| Financial debts | 170/4 | €129,326 | €73,027 | -€56,299 | -43.5% |
| Amounts payable within one year | 42/48 | €207,726 | €243,202 | +€35,477 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €54,306 | €58,914 | +€4,609 | +8.5% |
| Trade debts | 44 | €7,235 | €3,406 | -€3,829 | -52.9% |
| Suppliers | 440/4 | €7,235 | €3,406 | -€3,829 | -52.9% |
| Taxes, remuneration and social security | 45 | €1,050 | €5,945 | +€4,895 | +466.0% |
| Taxes | 450/3 | €1,050 | €5,945 | +€4,895 | +466.0% |
| Other amounts payable | 47/48 | €145,135 | €174,937 | +€29,802 | +20.5% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,392 | €51,540 | +€9,148 | +21.6% |
| Other operating charges | 640/8 | €179 | €168 | -€11 | -6.1% |
| Gross operating margin | 9900 | €9,692 | €44,624 | +€34,931 | +360.4% |
| Operating profit (loss) | 9901 | -€32,878 | -€7,084 | +€25,794 | +78.5% |
| Financial income | 75/76B | €9 | €41 | +€31 | +331.6% |
| Recurring financial income | 75 | €9 | €41 | +€31 | +331.6% |
| Financial charges | 65/66B | €5,920 | €5,123 | -€797 | -13.5% |
| Recurring financial charges | 65 | €5,920 | €5,123 | -€797 | -13.5% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€38,789 | -€12,167 | +€26,622 | +68.6% |
| Income taxes | 67/77 | - | €12 | +€12 | |
| Profit (loss) for the period | 9904 | -€38,789 | -€12,179 | +€26,610 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,789 | -€12,179 | +€26,610 | +68.6% |
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 6 October 2026 via checked.be.