FULL ACCESS: what changed
Two fiscal 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.
FULL ACCESS
Largest movements
- Receivables within one year -€30,878
down €30,878 (-82.6%), from €37,381 to €6,503
of which Other amounts receivable: -€29,790
- Tangible fixed assets -€8,509
down €8,509 (-4.2%), from €203,078 to €194,569
of which Land and buildings: -€8,700
- Cash +€3,873
up €3,873 (+57.0%), from €6,798 to €10,671
mainly Receivables within one year (+€30,878) and Depreciation (+€8,808)
- Debts after one year -€20,672
down €20,672 (-18.0%), from €115,137 to €94,464
of which Financial debts: -€19,322
- Accrued charges and deferred income -€13,582
down €13,582 (-100.0%), from €13,582 to €0
- Other debts +€3,210
up €3,210 (+6.5%), from €49,710 to €52,920
- Profit (loss) carried forward -€2,711
down €2,711 (-11.7%), from €23,134 to €20,423
- Financial charges +€5,245
up €5,245 (+108.2%), from €4,850 to €10,095
- Purchases and services +€4,092
up €4,092 (+61.3%), from €6,679 to €10,771
- Turnover +€2,460
up €2,460 (+8.5%), from €29,042 to €31,502
- Gross operating margin -€1,632
down €1,632 (-7.3%), from €22,363 to €20,731
- Taxes +€1,495
new in 2025: €1,495
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 | €247,749 | €212,320 | -€35,428 | -14.3% |
| Fixed assets | 21/28 | €203,078 | €194,569 | -€8,509 | -4.2% |
| Tangible fixed assets | 22/27 | €203,078 | €194,569 | -€8,509 | -4.2% |
| Land and buildings | 22 | €203,078 | €194,378 | -€8,700 | -4.3% |
| Furniture and vehicles | 24 | €0 | €191 | +€191 | |
| Current assets | 29/58 | €44,670 | €17,751 | -€26,919 | -60.3% |
| Amounts receivable within one year | 40/41 | €37,381 | €6,503 | -€30,878 | -82.6% |
| Trade receivables | 40 | €1,088 | €0 | -€1,088 | -100.0% |
| Other amounts receivable | 41 | €36,293 | €6,503 | -€29,790 | -82.1% |
| Cash at bank and in hand | 54/58 | €6,798 | €10,671 | +€3,873 | +57.0% |
| Deferred charges and accrued income | 490/1 | €491 | €577 | +€86 | +17.5% |
| Total equity and liabilities | 10/49 | €247,749 | €212,320 | -€35,428 | -14.3% |
| Equity | 10/15 | €46,595 | €43,884 | -€2,711 | -5.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,461 | €3,461 | = | 0.0% |
| Distributable reserves | 133 | €3,461 | €3,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,134 | €20,423 | -€2,711 | -11.7% |
| Amounts payable | 17/49 | €201,154 | €168,436 | -€32,717 | -16.3% |
| Amounts payable after more than one year | 17 | €115,137 | €94,464 | -€20,672 | -18.0% |
| Financial debts | 170/4 | €110,477 | €91,154 | -€19,322 | -17.5% |
| Other amounts payable | 178/9 | €4,660 | €3,310 | -€1,350 | -29.0% |
| Amounts payable within one year | 42/48 | €72,435 | €73,972 | +€1,537 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €22,129 | €21,051 | -€1,078 | -4.9% |
| Trade debts | 44 | €149 | €0 | -€149 | -100.0% |
| Suppliers | 440/4 | €149 | €0 | -€149 | -100.0% |
| Taxes, remuneration and social security | 45 | €447 | €0 | -€447 | -100.0% |
| Taxes | 450/3 | €447 | €0 | -€447 | -100.0% |
| Other amounts payable | 47/48 | €49,710 | €52,920 | +€3,210 | +6.5% |
| Accrued charges and deferred income | 492/3 | €13,582 | €0 | -€13,582 | -100.0% |
| Turnover | 70 | €29,042 | €31,502 | +€2,460 | +8.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,679 | €10,771 | +€4,092 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,011 | €8,808 | -€203 | -2.3% |
| Other operating charges | 640/8 | €3,015 | €3,053 | +€39 | +1.3% |
| Gross operating margin | 9900 | €22,363 | €20,731 | -€1,632 | -7.3% |
| Operating profit (loss) | 9901 | €10,337 | €8,870 | -€1,468 | -14.2% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €4,850 | €10,095 | +€5,245 | +108.2% |
| Recurring financial charges | 65 | €4,850 | €10,095 | +€5,245 | +108.2% |
| Profit (loss) for the period before taxes | 9903 | €5,488 | -€1,215 | -€6,703 | |
| Income taxes | 67/77 | - | €1,495 | +€1,495 | |
| Profit (loss) for the period | 9904 | €5,488 | -€2,711 | -€8,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,488 | -€2,711 | -€8,198 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.