F & F: 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.
F & F
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€897
down €897 (-23.3%), from €3,856 to €2,959
- Financial income +€435
new in 2025: €435
- Other operating charges -€95
down €95 (-13.5%), from €702 to €607
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 | €717,030 | €718,964 | +€1,934 | +0.3% |
| Fixed assets | 21/28 | €693,000 | €693,000 | = | 0.0% |
| Financial fixed assets | 28 | €693,000 | €693,000 | = | 0.0% |
| Current assets | 29/58 | €24,030 | €25,964 | +€1,934 | +8.0% |
| Current investments | 50/53 | €20,000 | €25,228 | +€5,228 | +26.1% |
| Cash at bank and in hand | 54/58 | €4,030 | €737 | -€3,293 | -81.7% |
| Total equity and liabilities | 10/49 | €717,030 | €718,964 | +€1,934 | +0.3% |
| Equity | 10/15 | €716,477 | €718,545 | +€2,068 | +0.3% |
| Contributions | 10/11 | €693,000 | €693,000 | = | 0.0% |
| Reserves | 13 | €23,477 | €25,545 | +€2,068 | +8.8% |
| Non-distributable reserves | 130/1 | €806 | €806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €806 | €806 | = | 0.0% |
| Distributable reserves | 133 | €22,671 | €24,739 | +€2,068 | +9.1% |
| Amounts payable | 17/49 | €553 | €419 | -€134 | -24.2% |
| Amounts payable within one year | 42/48 | €553 | €419 | -€134 | -24.2% |
| Trade debts | 44 | €333 | €333 | = | 0.0% |
| Suppliers | 440/4 | €333 | €333 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €220 | €86 | -€134 | -60.9% |
| Taxes | 450/3 | €220 | €86 | -€134 | -60.9% |
| Other operating charges | 640/8 | €702 | €607 | -€95 | -13.5% |
| Gross operating margin | 9900 | €3,856 | €2,959 | -€897 | -23.3% |
| Operating profit (loss) | 9901 | €3,154 | €2,351 | -€803 | -25.4% |
| Financial income | 75/76B | - | €435 | +€435 | |
| Recurring financial income | 75 | - | €435 | +€435 | |
| Profit (loss) for the period before taxes | 9903 | €3,154 | €2,787 | -€367 | -11.6% |
| Income taxes | 67/77 | €722 | €718 | -€3 | -0.5% |
| Profit (loss) for the period | 9904 | €2,432 | €2,068 | -€364 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,432 | €2,068 | -€364 | -15.0% |
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 9 October 2026 via checked.be.