GENERAL TRANSACTIONS: 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.
GENERAL TRANSACTIONS
Largest movements
- Stocks and contracts +€100,000
up €100,000 (+24.2%), from €412,543 to €512,543
- Cash +€34,038
up €34,038 (+33.5%), from €101,462 to €135,500
mainly Debts after one year (+€100,000) and Depreciation (+€33,479)
- Tangible fixed assets -€33,479
down €33,479 (-3.3%), from €1.0m to €987,277
- Debts after one year +€100,000
up €100,000 (+8333.3%), from €1,200 to €101,200
- Financial charges +€5,408
up €5,408 (+2971.7%), from €182 to €5,590
- Other operating charges +€2,004
up €2,004 (+20.7%), from €9,697 to €11,701
- Taxes +€1,536
up €1,536 (+92.4%), from €1,662 to €3,197
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 | €1,534,818 | €1,635,320 | +€100,502 | +6.5% |
| Fixed assets | 21/28 | €1,020,756 | €987,277 | -€33,479 | -3.3% |
| Tangible fixed assets | 22/27 | €1,020,756 | €987,277 | -€33,479 | -3.3% |
| Land and buildings | 22 | €1,020,756 | €987,277 | -€33,479 | -3.3% |
| Current assets | 29/58 | €514,063 | €648,043 | +€133,981 | +26.1% |
| Stocks and contracts in progress | 3 | €412,543 | €512,543 | +€100,000 | +24.2% |
| Stocks | 30/36 | €412,543 | €512,543 | +€100,000 | +24.2% |
| Amounts receivable within one year | 40/41 | €57 | - | -€57 | |
| Other amounts receivable | 41 | €57 | - | -€57 | |
| Cash at bank and in hand | 54/58 | €101,462 | €135,500 | +€34,038 | +33.5% |
| Total equity and liabilities | 10/49 | €1,534,818 | €1,635,320 | +€100,502 | +6.5% |
| Equity | 10/15 | €1,290,329 | €1,284,639 | -€5,690 | -0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,228,329 | €1,222,639 | -€5,690 | -0.5% |
| Non-distributable reserves | 130/1 | €23,104 | €23,104 | = | 0.0% |
| Legal reserve | 130 | €23,104 | €23,104 | = | 0.0% |
| Tax-exempt reserves | 132 | €621,171 | €607,952 | -€13,219 | -2.1% |
| Distributable reserves | 133 | €584,054 | €591,584 | +€7,529 | +1.3% |
| Provisions and deferred taxes | 16 | €241,492 | €235,980 | -€5,513 | -2.3% |
| Deferred taxes | 168 | €241,492 | €235,980 | -€5,513 | -2.3% |
| Amounts payable | 17/49 | €2,997 | €114,702 | +€111,705 | +3727.2% |
| Amounts payable after more than one year | 17 | €1,200 | €101,200 | +€100,000 | +8333.3% |
| Other amounts payable | 178/9 | €1,200 | €101,200 | +€100,000 | +8333.3% |
| Amounts payable within one year | 42/48 | €1,681 | €12,494 | +€10,813 | +643.2% |
| Trade debts | 44 | €19 | €2,068 | +€2,048 | +10580.6% |
| Suppliers | 440/4 | €19 | €2,068 | +€2,048 | +10580.6% |
| Taxes, remuneration and social security | 45 | €1,662 | €6,529 | +€4,867 | +292.9% |
| Taxes | 450/3 | €1,662 | €6,529 | +€4,867 | +292.9% |
| Other amounts payable | 47/48 | - | €3,897 | +€3,897 | |
| Accrued charges and deferred income | 492/3 | €116 | €1,008 | +€892 | +769.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,479 | €33,479 | = | 0.0% |
| Other operating charges | 640/8 | €9,697 | €11,701 | +€2,004 | +20.7% |
| Gross operating margin | 9900 | €42,904 | €42,764 | -€140 | -0.3% |
| Operating profit (loss) | 9901 | -€272 | -€2,416 | -€2,144 | -789.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €182 | €5,590 | +€5,408 | +2971.7% |
| Recurring financial charges | 65 | €182 | €5,590 | +€5,408 | +2971.7% |
| Profit (loss) for the period before taxes | 9903 | -€454 | -€8,005 | -€7,552 | -1664.9% |
| Transfer from deferred taxes | 780 | €5,513 | €5,513 | = | 0.0% |
| Income taxes | 67/77 | €1,662 | €3,197 | +€1,536 | +92.4% |
| Profit (loss) for the period | 9904 | €3,397 | -€5,690 | -€9,087 | |
| Transfer from tax-exempt reserves | 789 | €13,219 | €13,219 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,617 | €7,529 | -€9,087 | -54.7% |
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.