G & L: 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.
G & L
Largest movements
- Tangible fixed assets -€30,403
down €30,403 (-6.3%), from €483,077 to €452,674
- Cash +€9,471
up €9,471 (+16.3%), from €58,173 to €67,644
mainly Depreciation (+€30,002) and Net result for the year (+€14,595)
- Provisions -€28,303
down €28,303 (-25.2%), from €112,379 to €84,077
of which Provisions for liabilities and charges: -€26,000
- Reserves +€14,595
up €14,595 (+6.3%), from €231,635 to €246,231
of which Distributable reserves: +€21,503
- Other debts -€7,219
down €7,219 (-17.3%), from €41,800 to €34,581
- Provisions -€20,000
down €20,000 (-333.3%), from -€6,000 to -€26,000
- Depreciation -€7,645
down €7,645 (-20.3%), from €37,647 to €30,002
- Financial income +€3,427
up €3,427 (+422.8%), from €810 to €4,237
- Other operating charges -€2,036
down €2,036 (-16.0%), from €12,698 to €10,662
- Taxes +€2,018
up €2,018 (+394.9%), from €511 to €2,529
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 | €644,578 | €622,248 | -€22,330 | -3.5% |
| Fixed assets | 21/28 | €483,117 | €452,714 | -€30,403 | -6.3% |
| Tangible fixed assets | 22/27 | €483,077 | €452,674 | -€30,403 | -6.3% |
| Land and buildings | 22 | €483,077 | €452,674 | -€30,403 | -6.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €161,461 | €169,533 | +€8,073 | +5.0% |
| Amounts receivable within one year | 40/41 | €524 | - | -€524 | |
| Trade receivables | 40 | €524 | - | -€524 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,173 | €67,644 | +€9,471 | +16.3% |
| Deferred charges and accrued income | 490/1 | €2,763 | €1,890 | -€874 | -31.6% |
| Total equity and liabilities | 10/49 | €644,578 | €622,248 | -€22,330 | -3.5% |
| Equity | 10/15 | €333,609 | €348,204 | +€14,595 | +4.4% |
| Contributions | 10/11 | €101,973 | €101,973 | = | 0.0% |
| Reserves | 13 | €231,635 | €246,231 | +€14,595 | +6.3% |
| Tax-exempt reserves | 132 | €193,014 | €186,106 | -€6,908 | -3.6% |
| Distributable reserves | 133 | €38,622 | €60,125 | +€21,503 | +55.7% |
| Provisions and deferred taxes | 16 | €112,379 | €84,077 | -€28,303 | -25.2% |
| Provisions for liabilities and charges | 160/5 | €59,847 | €33,847 | -€26,000 | -43.4% |
| Major repairs and maintenance | 162 | €59,847 | €33,847 | -€26,000 | -43.4% |
| Deferred taxes | 168 | €52,533 | €50,230 | -€2,303 | -4.4% |
| Amounts payable | 17/49 | €198,590 | €189,967 | -€8,623 | -4.3% |
| Amounts payable after more than one year | 17 | €150,549 | €150,754 | +€205 | +0.1% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €549 | €754 | +€205 | +37.3% |
| Amounts payable within one year | 42/48 | €45,206 | €38,082 | -€7,124 | -15.8% |
| Trade debts | 44 | €719 | €241 | -€478 | -66.5% |
| Suppliers | 440/4 | €719 | €241 | -€478 | -66.5% |
| Taxes, remuneration and social security | 45 | €2,686 | €3,260 | +€574 | +21.4% |
| Taxes | 450/3 | €2,686 | €3,260 | +€574 | +21.4% |
| Other amounts payable | 47/48 | €41,800 | €34,581 | -€7,219 | -17.3% |
| Accrued charges and deferred income | 492/3 | €2,835 | €1,131 | -€1,704 | -60.1% |
| Non-recurring operating income | 76A | - | €4,958 | +€4,958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,647 | €30,002 | -€7,645 | -20.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,000 | -€26,000 | -€20,000 | -333.3% |
| Other operating charges | 640/8 | €12,698 | €10,662 | -€2,036 | -16.0% |
| Gross operating margin | 9900 | €29,755 | €31,370 | +€1,615 | +5.4% |
| Operating profit (loss) | 9901 | -€14,590 | €16,707 | +€31,296 | |
| Financial income | 75/76B | €810 | €4,237 | +€3,427 | +422.8% |
| Recurring financial income | 75 | €810 | €4,237 | +€3,427 | +422.8% |
| Financial charges | 65/66B | €7,201 | €6,122 | -€1,078 | -15.0% |
| Recurring financial charges | 65 | €7,201 | €6,122 | -€1,078 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,980 | €14,821 | +€35,801 | |
| Transfer from deferred taxes | 780 | €2,303 | €2,303 | = | 0.0% |
| Income taxes | 67/77 | €511 | €2,529 | +€2,018 | +394.9% |
| Profit (loss) for the period | 9904 | -€19,188 | €14,595 | +€33,784 | |
| Transfer from tax-exempt reserves | 789 | €6,908 | €6,908 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,280 | €21,503 | +€33,784 |
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 8 October 2026 via checked.be.