FIFTY: 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.
FIFTY
Largest movements
- Cash -€89,642
down €89,642 (-84.7%), from €105,781 to €16,140
mainly Other debts (-€92,359) and Net result for the year (-€9,132)
- Tangible fixed assets -€16,275
down €16,275 (-2.4%), from €683,357 to €667,081
of which Land and buildings: -€15,204
- Other debts -€92,359
down €92,359 (-39.7%), from €232,517 to €140,159
- Taxes -€25,918
down €25,918 (-98.3%), from €26,367 to €449
- Other operating charges +€10,295
up €10,295 (+355.2%), from €2,898 to €13,193
- Gross operating margin +€2,632
up €2,632 (+12.3%), from €21,376 to €24,008
- Depreciation +€635
up €635 (+3.1%), from €20,185 to €20,820
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 | €789,138 | €683,221 | -€105,917 | -13.4% |
| Fixed assets | 21/28 | €683,357 | €667,081 | -€16,275 | -2.4% |
| Tangible fixed assets | 22/27 | €683,357 | €667,081 | -€16,275 | -2.4% |
| Land and buildings | 22 | €677,017 | €661,813 | -€15,204 | -2.2% |
| Plant, machinery and equipment | 23 | €5,853 | €4,881 | -€972 | -16.6% |
| Furniture and vehicles | 24 | €487 | €388 | -€100 | -20.4% |
| Current assets | 29/58 | €105,781 | €16,140 | -€89,642 | -84.7% |
| Cash at bank and in hand | 54/58 | €105,781 | €16,140 | -€89,642 | -84.7% |
| Total equity and liabilities | 10/49 | €789,138 | €683,221 | -€105,917 | -13.4% |
| Equity | 10/15 | €548,746 | €539,614 | -€9,132 | -1.7% |
| Contributions | 10/11 | €381,756 | €381,756 | = | 0.0% |
| Capital | 10 | €381,756 | €381,756 | = | 0.0% |
| Issued capital | 100 | €381,756 | €381,756 | = | 0.0% |
| Reserves | 13 | €42,834 | €40,789 | -€2,045 | -4.8% |
| Non-distributable reserves | 130/1 | €38,176 | €38,176 | = | 0.0% |
| Legal reserve | 130 | €38,176 | €38,176 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,659 | €2,614 | -€2,045 | -43.9% |
| Profit (loss) carried forward | 14 | €124,155 | €117,068 | -€7,087 | -5.7% |
| Provisions and deferred taxes | 16 | €2,979 | €1,671 | -€1,307 | -43.9% |
| Deferred taxes | 168 | €2,979 | €1,671 | -€1,307 | -43.9% |
| Amounts payable | 17/49 | €237,414 | €141,936 | -€95,477 | -40.2% |
| Amounts payable within one year | 42/48 | €232,517 | €141,936 | -€90,581 | -39.0% |
| Trade debts | 44 | - | €1,778 | +€1,778 | |
| Suppliers | 440/4 | - | €1,778 | +€1,778 | |
| Other amounts payable | 47/48 | €232,517 | €140,159 | -€92,359 | -39.7% |
| Accrued charges and deferred income | 492/3 | €4,896 | - | -€4,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,185 | €20,820 | +€635 | +3.1% |
| Other operating charges | 640/8 | €2,898 | €13,193 | +€10,295 | +355.2% |
| Gross operating margin | 9900 | €21,376 | €24,008 | +€2,632 | +12.3% |
| Operating profit (loss) | 9901 | -€1,707 | -€10,005 | -€8,299 | -486.3% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | - | €6 | +€6 | |
| Recurring financial charges | 65 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | -€1,707 | -€9,991 | -€8,285 | -485.5% |
| Transfer from deferred taxes | 780 | €1,307 | €1,307 | = | 0.0% |
| Income taxes | 67/77 | €26,367 | €449 | -€25,918 | -98.3% |
| Profit (loss) for the period | 9904 | -€26,766 | -€9,132 | +€17,634 | +65.9% |
| Transfer from tax-exempt reserves | 789 | €2,045 | €2,045 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,721 | -€7,087 | +€17,634 | +71.3% |
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.