EVIDENCE CONSEILS: 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.
EVIDENCE CONSEILS
Largest movements
- Tangible fixed assets +€88,458
up €88,458 (+4,694%), from €1,884 to €90,342
of which Assets under construction and advance payments: +€89,691
- Receivables within one year -€33,706
down €33,706 (-28.0%), from €120,237 to €86,532
of which Trade receivables: -€31,858
- Receivables after one year -€19,000
no longer reported in 2025 (was €19,000)
- Cash +€14,403
up €14,403 (+303,854%), from €5 to €14,407
mainly Debts after one year (+€92,659) and Receivables within one year (+€33,706)
- Debts after one year +€92,659
up €92,659 (+116%), from €80,103 to €172,762
- Profit (loss) carried forward -€28,133
down €28,133 (-12.2%), from €230,826 to €202,693
- Current portion of long-term debt -€24,220
no longer reported in 2025 (was €24,220)
- Other debts +€18,370
up €18,370 (+18.9%), from €97,096 to €115,466
- Trade debts -€10,913
down €10,913 (-86.0%), from €12,693 to €1,780
- Taxes -€6,075
down €6,075 (-37.0%), from €16,436 to €10,361
- Gross operating margin -€5,144
down €5,144 (-8.1%), from €63,373 to €58,229
- Financial charges +€3,841
up €3,841 (+114%), from €3,369 to €7,210
- Depreciation -€684
down €684 (-35.7%), from €1,917 to €1,233
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 | €498,554 | €548,709 | +€50,155 | +10.1% |
| Fixed assets | 21/28 | €359,312 | €447,770 | +€88,458 | +24.6% |
| Tangible fixed assets | 22/27 | €1,884 | €90,342 | +€88,458 | +4,694% |
| Furniture and vehicles | 24 | €1,144 | €351 | -€793 | -69.3% |
| Other tangible fixed assets | 26 | €740 | €300 | -€440 | -59.5% |
| Assets under construction and advance payments | 27 | - | €89,691 | +€89,691 | |
| Financial fixed assets | 28 | €357,428 | €357,428 | = | 0.0% |
| Current assets | 29/58 | €139,242 | €100,939 | -€38,303 | -27.5% |
| Amounts receivable after more than one year | 29 | €19,000 | - | -€19,000 | |
| Other amounts receivable | 291 | €19,000 | - | -€19,000 | |
| Amounts receivable within one year | 40/41 | €120,237 | €86,532 | -€33,706 | -28.0% |
| Trade receivables | 40 | €115,440 | €83,582 | -€31,858 | -27.6% |
| Other amounts receivable | 41 | €4,798 | €2,950 | -€1,848 | -38.5% |
| Cash at bank and in hand | 54/58 | €5 | €14,407 | +€14,403 | +303,854% |
| Total equity and liabilities | 10/49 | €498,554 | €548,709 | +€50,155 | +10.1% |
| Equity | 10/15 | €261,398 | €236,323 | -€25,075 | -9.6% |
| Contributions | 10/11 | €18,418 | €17,770 | -€648 | -3.5% |
| Reserves | 13 | €12,155 | €15,860 | +€3,705 | +30.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,295 | €14,000 | +€3,705 | +36.0% |
| Profit (loss) carried forward | 14 | €230,826 | €202,693 | -€28,133 | -12.2% |
| Amounts payable | 17/49 | €237,156 | €312,386 | +€75,230 | +31.7% |
| Amounts payable after more than one year | 17 | €80,103 | €172,762 | +€92,659 | +116% |
| Financial debts | 170/4 | €80,103 | €172,762 | +€92,659 | +116% |
| Amounts payable within one year | 42/48 | €157,053 | €139,624 | -€17,429 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €24,220 | - | -€24,220 | |
| Financial debts | 43 | €7,475 | €9,010 | +€1,536 | +20.5% |
| Credit institutions | 430/8 | €7,475 | €9,010 | +€1,536 | +20.5% |
| Trade debts | 44 | €12,693 | €1,780 | -€10,913 | -86.0% |
| Suppliers | 440/4 | €12,693 | €1,780 | -€10,913 | -86.0% |
| Taxes, remuneration and social security | 45 | €15,569 | €13,367 | -€2,202 | -14.1% |
| Taxes | 450/3 | €15,539 | €13,337 | -€2,202 | -14.2% |
| Remuneration and social security | 454/9 | €30 | €30 | = | 0.0% |
| Other amounts payable | 47/48 | €97,096 | €115,466 | +€18,370 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €1,233 | -€684 | -35.7% |
| Other operating charges | 640/8 | €548 | €945 | +€397 | +72.4% |
| Non-recurring operating charges | 66A | - | €24,378 | +€24,378 | |
| Gross operating margin | 9900 | €63,373 | €58,229 | -€5,144 | -8.1% |
| Operating profit (loss) | 9901 | €60,908 | €31,673 | -€29,234 | -48.0% |
| Financial charges | 65/66B | €3,369 | €7,210 | +€3,841 | +114% |
| Recurring financial charges | 65 | €3,369 | €7,210 | +€3,841 | +114% |
| Profit (loss) for the period before taxes | 9903 | €57,539 | €24,463 | -€33,075 | -57.5% |
| Income taxes | 67/77 | €16,436 | €10,361 | -€6,075 | -37.0% |
| Profit (loss) for the period | 9904 | €41,103 | €14,103 | -€27,000 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,103 | €14,103 | -€27,000 | -65.7% |
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 23 October 2026 via checked.be.