EXPERIENCE 7: 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.
EXPERIENCE 7
Largest movements
- Tangible fixed assets -€21,616
down €21,616 (-4.5%), from €485,304 to €463,688
of which Land and buildings: -€20,202
- Short-term financial debts -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
- Debts after one year -€11,928
down €11,928 (-6.9%), from €173,135 to €161,207
- Other debts +€9,866
up €9,866 (+7.0%), from €141,731 to €151,598
- Depreciation +€2,664
up €2,664 (+14.1%), from €18,952 to €21,616
- Financial charges +€2,257
up €2,257 (+27.4%), from €8,250 to €10,507
- Gross operating margin +€788
up €788 (+2.0%), from €38,509 to €39,297
- Taxes -€646
down €646 (-61.3%), from €1,054 to €408
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 | €490,891 | €469,453 | -€21,438 | -4.4% |
| Fixed assets | 21/28 | €485,304 | €463,688 | -€21,616 | -4.5% |
| Tangible fixed assets | 22/27 | €485,304 | €463,688 | -€21,616 | -4.5% |
| Land and buildings | 22 | €478,286 | €458,084 | -€20,202 | -4.2% |
| Plant, machinery and equipment | 23 | €7,018 | €5,604 | -€1,414 | -20.1% |
| Current assets | 29/58 | €5,588 | €5,765 | +€178 | +3.2% |
| Amounts receivable within one year | 40/41 | €2,939 | €0 | -€2,939 | -100.0% |
| Trade receivables | 40 | €1,025 | €0 | -€1,025 | -100.0% |
| Other amounts receivable | 41 | €1,915 | €0 | -€1,915 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,648 | €4,501 | +€1,853 | +70.0% |
| Deferred charges and accrued income | 490/1 | - | €1,264 | +€1,264 | |
| Total equity and liabilities | 10/49 | €490,891 | €469,453 | -€21,438 | -4.4% |
| Equity | 10/15 | €86,202 | €87,419 | +€1,217 | +1.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €36,202 | €37,419 | +€1,217 | +3.4% |
| Distributable reserves | 133 | €36,202 | €37,419 | +€1,217 | +3.4% |
| Amounts payable | 17/49 | €404,690 | €382,034 | -€22,655 | -5.6% |
| Amounts payable after more than one year | 17 | €173,135 | €161,207 | -€11,928 | -6.9% |
| Financial debts | 170/4 | €173,135 | €161,207 | -€11,928 | -6.9% |
| Amounts payable within one year | 42/48 | €231,554 | €220,827 | -€10,727 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €11,520 | €11,928 | +€408 | +3.5% |
| Financial debts | 43 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Other loans | 439 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Trade debts | 44 | €1,724 | €23 | -€1,701 | -98.7% |
| Suppliers | 440/4 | €1,724 | €23 | -€1,701 | -98.7% |
| Taxes, remuneration and social security | 45 | €1,579 | €2,278 | +€699 | +44.3% |
| Taxes | 450/3 | €1,579 | €2,278 | +€699 | +44.3% |
| Other amounts payable | 47/48 | €141,731 | €151,598 | +€9,866 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,952 | €21,616 | +€2,664 | +14.1% |
| Other operating charges | 640/8 | €5,481 | €5,549 | +€68 | +1.2% |
| Gross operating margin | 9900 | €38,509 | €39,297 | +€788 | +2.0% |
| Operating profit (loss) | 9901 | €14,076 | €12,132 | -€1,944 | -13.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,250 | €10,507 | +€2,257 | +27.4% |
| Recurring financial charges | 65 | €8,250 | €10,507 | +€2,257 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €5,826 | €1,625 | -€4,201 | -72.1% |
| Income taxes | 67/77 | €1,054 | €408 | -€646 | -61.3% |
| Profit (loss) for the period | 9904 | €4,772 | €1,217 | -€3,555 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,772 | €1,217 | -€3,555 | -74.5% |
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 7 October 2026 via checked.be.