EXIT & STABLES: 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.
EXIT & STABLES
Largest movements
- Tangible fixed assets +€34,823
up €34,823 (+46.7%), from €74,639 to €109,461
of which Land and buildings: +€19,744
- Cash -€22,113
down €22,113 (-74.1%), from €29,835 to €7,721
mainly Investment in fixed assets (net) (-€48,000) and Debts after one year (-€8,647)
- Receivables within one year +€2,437
up €2,437 (+2905.6%), from €84 to €2,521
of which Trade receivables: +€2,521
- Other debts +€20,121
up €20,121 (+26.7%), from €75,378 to €95,499
- Debts after one year -€8,647
down €8,647 (-13.1%), from €66,008 to €57,361
- Profit (loss) carried forward +€3,409
up €3,409 (+4.6%), from -€73,750 to -€70,341
- Gross operating margin -€6,731
down €6,731 (-27.0%), from €24,940 to €18,209
- Financial income +€3,432
up €3,432 (+1226.7%), from €280 to €3,712
- Depreciation +€940
up €940 (+7.7%), from €12,237 to €13,177
- Financial charges -€442
down €442 (-12.6%), from €3,513 to €3,071
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 | €104,557 | €119,703 | +€15,146 | +14.5% |
| Fixed assets | 21/28 | €74,639 | €109,461 | +€34,823 | +46.7% |
| Tangible fixed assets | 22/27 | €74,639 | €109,461 | +€34,823 | +46.7% |
| Land and buildings | 22 | €72,682 | €92,426 | +€19,744 | +27.2% |
| Plant, machinery and equipment | 23 | €1,957 | €17,035 | +€15,078 | +770.6% |
| Current assets | 29/58 | €29,919 | €10,242 | -€19,677 | -65.8% |
| Amounts receivable within one year | 40/41 | €84 | €2,521 | +€2,437 | +2905.6% |
| Trade receivables | 40 | - | €2,521 | +€2,521 | |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Cash at bank and in hand | 54/58 | €29,835 | €7,721 | -€22,113 | -74.1% |
| Total equity and liabilities | 10/49 | €104,557 | €119,703 | +€15,146 | +14.5% |
| Equity | 10/15 | -€37,249 | -€33,840 | +€3,409 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,901 | €17,901 | = | 0.0% |
| Distributable reserves | 133 | €17,901 | €17,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,750 | -€70,341 | +€3,409 | +4.6% |
| Amounts payable | 17/49 | €141,806 | €153,543 | +€11,737 | +8.3% |
| Amounts payable after more than one year | 17 | €66,008 | €57,361 | -€8,647 | -13.1% |
| Financial debts | 170/4 | €66,008 | €57,361 | -€8,647 | -13.1% |
| Amounts payable within one year | 42/48 | €75,798 | €96,183 | +€20,384 | +26.9% |
| Trade debts | 44 | €40 | €40 | = | 0.0% |
| Suppliers | 440/4 | €40 | €40 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €381 | €644 | +€263 | +69.1% |
| Taxes | 450/3 | €381 | €644 | +€263 | +69.1% |
| Other amounts payable | 47/48 | €75,378 | €95,499 | +€20,121 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,237 | €13,177 | +€940 | +7.7% |
| Other operating charges | 640/8 | €1,931 | €1,984 | +€53 | +2.8% |
| Gross operating margin | 9900 | €24,940 | €18,209 | -€6,731 | -27.0% |
| Operating profit (loss) | 9901 | €10,772 | €3,047 | -€7,725 | -71.7% |
| Financial income | 75/76B | €280 | €3,712 | +€3,432 | +1226.7% |
| Recurring financial income | 75 | €280 | €3,712 | +€3,432 | +1226.7% |
| Financial charges | 65/66B | €3,513 | €3,071 | -€442 | -12.6% |
| Recurring financial charges | 65 | €3,513 | €3,071 | -€442 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €7,539 | €3,688 | -€3,851 | -51.1% |
| Income taxes | 67/77 | €284 | €279 | -€5 | -1.6% |
| Profit (loss) for the period | 9904 | €7,255 | €3,409 | -€3,847 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,255 | €3,409 | -€3,847 | -53.0% |
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 1 October 2026 via checked.be.