FYP: 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.
FYP
Largest movements
- Deferred charges and accrued income -€71,658
down €71,658 (-53.1%), from €134,974 to €63,316
- Tangible fixed assets -€58,143
down €58,143 (-4.2%), from €1.4m to €1.3m
of which Land and buildings: -€56,238
- Other debts -€1.1m
no longer reported in 2025 (was €1.1m)
- Debts after one year +€1.0m
up €1.0m (+134%), from €762,876 to €1.8m
of which Other amounts payable: +€1.1m
- Profit (loss) carried forward -€72,882
down €72,882 (-21.2%), from -€343,028 to -€415,910
- Gross operating margin -€68,394
down €68,394 (-50.6%), from €135,293 to €66,899
- Financial charges -€10,518
down €10,518 (-14.1%), from €74,573 to €64,055
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 | €1,655,387 | €1,516,163 | -€139,224 | -8.4% |
| Fixed assets | 21/28 | €1,443,048 | €1,380,298 | -€62,751 | -4.3% |
| Intangible fixed assets | 21 | €66,038 | €61,431 | -€4,607 | -7.0% |
| Tangible fixed assets | 22/27 | €1,377,011 | €1,318,867 | -€58,143 | -4.2% |
| Land and buildings | 22 | €1,370,200 | €1,313,963 | -€56,238 | -4.1% |
| Plant, machinery and equipment | 23 | €766 | - | -€766 | |
| Furniture and vehicles | 24 | €6,045 | €4,904 | -€1,140 | -18.9% |
| Current assets | 29/58 | €212,339 | €135,865 | -€76,474 | -36.0% |
| Amounts receivable within one year | 40/41 | €72,423 | €72,423 | = | 0.0% |
| Trade receivables | 40 | €72,423 | €72,423 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,942 | €127 | -€4,816 | -97.4% |
| Deferred charges and accrued income | 490/1 | €134,974 | €63,316 | -€71,658 | -53.1% |
| Total equity and liabilities | 10/49 | €1,655,387 | €1,516,163 | -€139,224 | -8.4% |
| Equity | 10/15 | -€275,378 | -€348,260 | -€72,882 | -26.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€343,028 | -€415,910 | -€72,882 | -21.2% |
| Amounts payable | 17/49 | €1,930,765 | €1,864,423 | -€66,342 | -3.4% |
| Amounts payable after more than one year | 17 | €762,876 | €1,785,866 | +€1.0m | +134% |
| Financial debts | 170/4 | €762,876 | €701,833 | -€61,043 | -8.0% |
| Other amounts payable | 178/9 | - | €1,084,033 | +€1.1m | |
| Amounts payable within one year | 42/48 | €1,167,864 | €78,557 | -€1.1m | -93.3% |
| Current portion of amounts payable after more than one year | 42 | €64,325 | €66,058 | +€1,732 | +2.7% |
| Trade debts | 44 | €12,100 | €12,499 | +€399 | +3.3% |
| Suppliers | 440/4 | €12,100 | €12,499 | +€399 | +3.3% |
| Other amounts payable | 47/48 | €1,091,439 | - | -€1.1m | |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,743 | €62,751 | +€7 | 0.0% |
| Other operating charges | 640/8 | €13,074 | €12,976 | -€98 | -0.8% |
| Gross operating margin | 9900 | €135,293 | €66,899 | -€68,394 | -50.6% |
| Operating profit (loss) | 9901 | €59,476 | -€8,827 | -€68,303 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €74,573 | €64,055 | -€10,518 | -14.1% |
| Recurring financial charges | 65 | €74,573 | €64,055 | -€10,518 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,095 | -€72,882 | -€57,787 | -383% |
| Profit (loss) for the period | 9904 | -€15,095 | -€72,882 | -€57,787 | -383% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,095 | -€72,882 | -€57,787 | -383% |
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.