F & Y: 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 & Y
Largest movements
- Tangible fixed assets -€14,544
down €14,544 (-5.1%), from €285,337 to €270,792
- Debts after one year -€11,896
down €11,896 (-9.9%), from €120,652 to €108,756
- Profit (loss) carried forward -€8,220
down €8,220 (-11.7%), from -€70,550 to -€78,770
- Trade debts +€4,603
up €4,603 (+1188.4%), from €387 to €4,991
- Other debts +€3,036
up €3,036 (+1.5%), from €205,292 to €208,328
- Gross operating margin -€444
down €444 (-3.7%), from €12,047 to €11,604
- Financial charges -€153
down €153 (-3.6%), from €4,289 to €4,137
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 | €285,337 | €273,643 | -€11,694 | -4.1% |
| Fixed assets | 21/28 | €285,337 | €270,792 | -€14,544 | -5.1% |
| Tangible fixed assets | 22/27 | €285,337 | €270,792 | -€14,544 | -5.1% |
| Land and buildings | 22 | €285,337 | €270,792 | -€14,544 | -5.1% |
| Current assets | 29/58 | €0 | €2,851 | +€2,851 | |
| Amounts receivable within one year | 40/41 | - | €2,431 | +€2,431 | |
| Trade receivables | 40 | - | €2,431 | +€2,431 | |
| Cash at bank and in hand | 54/58 | €0 | €420 | +€420 | |
| Total equity and liabilities | 10/49 | €285,337 | €273,643 | -€11,694 | -4.1% |
| Equity | 10/15 | -€53,245 | -€61,464 | -€8,220 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,106 | €11,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €603 | €603 | = | 0.0% |
| Distributable reserves | 133 | €8,643 | €8,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,550 | -€78,770 | -€8,220 | -11.7% |
| Amounts payable | 17/49 | €338,581 | €335,107 | -€3,474 | -1.0% |
| Amounts payable after more than one year | 17 | €120,652 | €108,756 | -€11,896 | -9.9% |
| Financial debts | 170/4 | €120,652 | €108,756 | -€11,896 | -9.9% |
| Amounts payable within one year | 42/48 | €217,930 | €226,197 | +€8,267 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €11,716 | €12,879 | +€1,163 | +9.9% |
| Financial debts | 43 | €534 | €0 | -€534 | -100.0% |
| Credit institutions | 430/8 | €534 | €0 | -€534 | -100.0% |
| Trade debts | 44 | €387 | €4,991 | +€4,603 | +1188.4% |
| Suppliers | 440/4 | €387 | €4,991 | +€4,603 | +1188.4% |
| Other amounts payable | 47/48 | €205,292 | €208,328 | +€3,036 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €154 | +€154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,544 | €14,544 | = | 0.0% |
| Other operating charges | 640/8 | €1,246 | €1,142 | -€104 | -8.4% |
| Gross operating margin | 9900 | €12,047 | €11,604 | -€444 | -3.7% |
| Operating profit (loss) | 9901 | -€3,744 | -€4,083 | -€339 | -9.1% |
| Financial charges | 65/66B | €4,289 | €4,137 | -€153 | -3.6% |
| Recurring financial charges | 65 | €4,289 | €4,137 | -€153 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,033 | -€8,220 | -€186 | -2.3% |
| Profit (loss) for the period | 9904 | -€8,033 | -€8,220 | -€186 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,033 | -€8,220 | -€186 | -2.3% |
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 10 October 2026 via checked.be.