Extended Play: 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.
Extended Play
Largest movements
- Cash +€256,230
up €256,230 (+418%), from €61,347 to €317,577
mainly Current investments (+€250,000) and Net result for the year (+€123,500)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year +€26,387
up €26,387 (+517%), from €5,108 to €31,495
of which Other amounts receivable: +€27,896
- Tangible fixed assets -€9,774
down €9,774 (-7.6%), from €127,826 to €118,052
of which Land and buildings: -€5,910
- Reserves +€123,500
up €123,500 (+52.2%), from €236,560 to €360,060
of which Distributable reserves: +€123,500
- Other debts -€84,544
down €84,544 (-95.8%), from €88,242 to €3,698
- Debts after one year -€9,612
down €9,612 (-9.7%), from €99,299 to €89,687
- Tax, wage and social debts -€7,056
down €7,056 (-22.5%), from €31,315 to €24,259
- Gross operating margin -€107,816
down €107,816 (-52.8%), from €204,326 to €96,509
- Financial income +€93,207
up €93,207 (+3,497%), from €2,666 to €95,872
- Taxes -€21,410
down €21,410 (-40.1%), from €53,376 to €31,966
- Depreciation -€6,902
down €6,902 (-41.4%), from €16,677 to €9,774
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 | €493,604 | €515,904 | +€22,300 | +4.5% |
| Fixed assets | 21/28 | €175,346 | €165,572 | -€9,774 | -5.6% |
| Tangible fixed assets | 22/27 | €127,826 | €118,052 | -€9,774 | -7.6% |
| Land and buildings | 22 | €123,495 | €117,585 | -€5,910 | -4.8% |
| Furniture and vehicles | 24 | €4,332 | €467 | -€3,864 | -89.2% |
| Financial fixed assets | 28 | €47,520 | €47,520 | = | 0.0% |
| Current assets | 29/58 | €318,257 | €350,332 | +€32,075 | +10.1% |
| Amounts receivable within one year | 40/41 | €5,108 | €31,495 | +€26,387 | +517% |
| Trade receivables | 40 | €1,509 | - | -€1,509 | |
| Other amounts receivable | 41 | €3,599 | €31,495 | +€27,896 | +775% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €61,347 | €317,577 | +€256,230 | +418% |
| Deferred charges and accrued income | 490/1 | €1,803 | €1,260 | -€543 | -30.1% |
| Total equity and liabilities | 10/49 | €493,604 | €515,904 | +€22,300 | +4.5% |
| Equity | 10/15 | €259,420 | €382,920 | +€123,500 | +47.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €4,310 | €4,310 | = | 0.0% |
| Reserves | 13 | €236,560 | €360,060 | +€123,500 | +52.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €234,705 | €358,205 | +€123,500 | +52.6% |
| Amounts payable | 17/49 | €234,184 | €132,985 | -€101,199 | -43.2% |
| Amounts payable after more than one year | 17 | €99,299 | €89,687 | -€9,612 | -9.7% |
| Financial debts | 170/4 | €99,299 | €89,687 | -€9,612 | -9.7% |
| Amounts payable within one year | 42/48 | €133,382 | €41,798 | -€91,585 | -68.7% |
| Current portion of amounts payable after more than one year | 42 | €11,179 | €9,612 | -€1,567 | -14.0% |
| Trade debts | 44 | €2,647 | €4,230 | +€1,582 | +59.8% |
| Suppliers | 440/4 | €2,647 | €4,230 | +€1,582 | +59.8% |
| Taxes, remuneration and social security | 45 | €31,315 | €24,259 | -€7,056 | -22.5% |
| Taxes | 450/3 | €31,315 | €24,259 | -€7,056 | -22.5% |
| Other amounts payable | 47/48 | €88,242 | €3,698 | -€84,544 | -95.8% |
| Accrued charges and deferred income | 492/3 | €1,503 | €1,500 | -€3 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,677 | €9,774 | -€6,902 | -41.4% |
| Other operating charges | 640/8 | €3,036 | €2,455 | -€581 | -19.1% |
| Gross operating margin | 9900 | €204,326 | €96,509 | -€107,816 | -52.8% |
| Operating profit (loss) | 9901 | €184,613 | €84,280 | -€100,333 | -54.3% |
| Financial income | 75/76B | €2,666 | €95,872 | +€93,207 | +3,497% |
| Recurring financial income | 75 | €2,666 | €95,872 | +€93,207 | +3,497% |
| Financial charges | 65/66B | €22,986 | €24,687 | +€1,701 | +7.4% |
| Recurring financial charges | 65 | €6,036 | €4,710 | -€1,326 | -22.0% |
| Non-recurring financial charges | 66B | €16,950 | €19,977 | +€3,027 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €164,292 | €155,466 | -€8,827 | -5.4% |
| Income taxes | 67/77 | €53,376 | €31,966 | -€21,410 | -40.1% |
| Profit (loss) for the period | 9904 | €110,916 | €123,500 | +€12,583 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €110,916 | €123,500 | +€12,583 | +11.3% |
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 15 October 2026 via checked.be.