Focus2LER: 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.
Focus2LER
Largest movements
- Receivables within one year +€46,102
up €46,102 (+28.7%), from €160,642 to €206,745
of which Other amounts receivable: +€27,978
- Cash -€11,017
down €11,017 (-4.0%), from €276,303 to €265,287
mainly Contributions, distributions and other (-€203,315) and Receivables within one year (-€46,102)
- Other debts +€32,116
up €32,116 (+18.8%), from €171,199 to €203,315
- Gross operating margin +€46,040
up €46,040 (+20.3%), from €226,618 to €272,658
- Taxes +€10,669
up €10,669 (+19.7%), from €54,223 to €64,892
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 | €631,523 | €667,751 | +€36,229 | +5.7% |
| Fixed assets | 21/28 | €40,786 | €38,624 | -€2,162 | -5.3% |
| Tangible fixed assets | 22/27 | €40,386 | €38,224 | -€2,162 | -5.4% |
| Land and buildings | 22 | €34,668 | €32,277 | -€2,392 | -6.9% |
| Plant, machinery and equipment | 23 | €2,811 | €1,432 | -€1,378 | -49.0% |
| Furniture and vehicles | 24 | €2,907 | €4,515 | +€1,608 | +55.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €590,737 | €629,127 | +€38,390 | +6.5% |
| Amounts receivable after more than one year | 29 | €153,476 | €155,636 | +€2,160 | +1.4% |
| Other amounts receivable | 291 | €153,476 | €155,636 | +€2,160 | +1.4% |
| Amounts receivable within one year | 40/41 | €160,642 | €206,745 | +€46,102 | +28.7% |
| Trade receivables | 40 | €130,821 | €148,945 | +€18,124 | +13.9% |
| Other amounts receivable | 41 | €29,822 | €57,800 | +€27,978 | +93.8% |
| Cash at bank and in hand | 54/58 | €276,303 | €265,287 | -€11,017 | -4.0% |
| Deferred charges and accrued income | 490/1 | €316 | €1,461 | +€1,145 | +362.4% |
| Total equity and liabilities | 10/49 | €631,523 | €667,751 | +€36,229 | +5.7% |
| Equity | 10/15 | €432,730 | €432,730 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €430,730 | €430,730 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,620 | €92,620 | = | 0.0% |
| Distributable reserves | 133 | €338,110 | €338,110 | = | 0.0% |
| Amounts payable | 17/49 | €198,792 | €235,021 | +€36,229 | +18.2% |
| Amounts payable within one year | 42/48 | €198,792 | €235,021 | +€36,229 | +18.2% |
| Trade debts | 44 | €6,531 | €5,790 | -€741 | -11.3% |
| Suppliers | 440/4 | €6,531 | €5,790 | -€741 | -11.3% |
| Taxes, remuneration and social security | 45 | €21,062 | €25,915 | +€4,853 | +23.0% |
| Taxes | 450/3 | €21,062 | €25,915 | +€4,853 | +23.0% |
| Other amounts payable | 47/48 | €171,199 | €203,315 | +€32,116 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,430 | €4,820 | +€1,389 | +40.5% |
| Other operating charges | 640/8 | €387 | €781 | +€393 | +101.6% |
| Gross operating margin | 9900 | €226,618 | €272,658 | +€46,040 | +20.3% |
| Operating profit (loss) | 9901 | €222,800 | €267,058 | +€44,258 | +19.9% |
| Financial income | 75/76B | €7,612 | €6,660 | -€952 | -12.5% |
| Recurring financial income | 75 | €7,612 | €6,660 | -€952 | -12.5% |
| Financial charges | 65/66B | €4,989 | €5,510 | +€521 | +10.4% |
| Recurring financial charges | 65 | €4,989 | €5,510 | +€521 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €225,422 | €268,207 | +€42,785 | +19.0% |
| Income taxes | 67/77 | €54,223 | €64,892 | +€10,669 | +19.7% |
| Profit (loss) for the period | 9904 | €171,199 | €203,315 | +€32,116 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €171,199 | €203,315 | +€32,116 | +18.8% |
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 10 October 2026 via checked.be.