FINSIGHTS: 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.
FINSIGHTS
Largest movements
- Current investments +€110,000
up €110,000 (+35.8%), from €307,665 to €417,665
- Cash -€96,104
down €96,104 (-37.6%), from €255,610 to €159,506
mainly Contributions, distributions and other (-€572,659) and Current investments (-€110,000)
- Tangible fixed assets +€14,013
up €14,013 (+691%), from €2,029 to €16,043
- Other debts +€415,724
up €415,724 (+3,484%), from €11,931 to €427,655
- Equity -€400,224
down €400,224 (-83.6%), from €478,859 to €78,636
of which Reserves: -€392,659
- Tax, wage and social debts +€12,604
up €12,604 (+17.3%), from €73,006 to €85,610
- Gross operating margin -€17,237
down €17,237 (-6.8%), from €252,691 to €235,454
- Other operating charges -€5,868
down €5,868 (-91.9%), from €6,388 to €520
- Financial income -€4,572
down €4,572 (-64.2%), from €7,117 to €2,544
- Financial charges -€2,549
down €2,549 (-55.3%), from €4,609 to €2,061
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 | €567,584 | €593,214 | +€25,630 | +4.5% |
| Fixed assets | 21/28 | €2,029 | €16,043 | +€14,013 | +691% |
| Tangible fixed assets | 22/27 | €2,029 | €16,043 | +€14,013 | +691% |
| Furniture and vehicles | 24 | €2,029 | €16,043 | +€14,013 | +691% |
| Current assets | 29/58 | €565,555 | €577,171 | +€11,616 | +2.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €307,665 | €417,665 | +€110,000 | +35.8% |
| Cash at bank and in hand | 54/58 | €255,610 | €159,506 | -€96,104 | -37.6% |
| Deferred charges and accrued income | 490/1 | €2,280 | €0 | -€2,280 | -100% |
| Total equity and liabilities | 10/49 | €567,584 | €593,214 | +€25,630 | +4.5% |
| Equity | 10/15 | €478,859 | €78,636 | -€400,224 | -83.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €476,859 | €84,200 | -€392,659 | -82.3% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €392,659 | €0 | -€392,659 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €7,564 | +€7,564 | |
| Amounts payable | 17/49 | €88,725 | €514,578 | +€425,853 | +480% |
| Amounts payable within one year | 42/48 | €88,725 | €514,578 | +€425,853 | +480% |
| Trade debts | 44 | €3,788 | €1,313 | -€2,475 | -65.3% |
| Suppliers | 440/4 | €3,788 | €1,313 | -€2,475 | -65.3% |
| Taxes, remuneration and social security | 45 | €73,006 | €85,610 | +€12,604 | +17.3% |
| Taxes | 450/3 | €73,006 | €85,610 | +€12,604 | +17.3% |
| Other amounts payable | 47/48 | €11,931 | €427,655 | +€415,724 | +3,484% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,331 | €4,712 | +€1,381 | +41.5% |
| Other operating charges | 640/8 | €6,388 | €520 | -€5,868 | -91.9% |
| Gross operating margin | 9900 | €252,691 | €235,454 | -€17,237 | -6.8% |
| Operating profit (loss) | 9901 | €242,973 | €230,222 | -€12,751 | -5.2% |
| Financial income | 75/76B | €7,117 | €2,544 | -€4,572 | -64.2% |
| Recurring financial income | 75 | €7,117 | €2,544 | -€4,572 | -64.2% |
| Financial charges | 65/66B | €4,609 | €2,061 | -€2,549 | -55.3% |
| Recurring financial charges | 65 | €4,609 | €2,061 | -€2,549 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €245,480 | €230,705 | -€14,774 | -6.0% |
| Income taxes | 67/77 | €56,507 | €58,270 | +€1,762 | +3.1% |
| Profit (loss) for the period | 9904 | €188,972 | €172,436 | -€16,537 | -8.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €188,972 | €172,436 | -€16,537 | -8.8% |
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 24 October 2026 via checked.be.