GENERALES OBSEQUES: 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.
GENERALES OBSEQUES
Largest movements
- Cash +€29,749
up €29,749 (+30.4%), from €97,959 to €127,708
mainly Depreciation (+€28,173) and Receivables within one year (+€22,562)
- Tangible fixed assets -€24,105
down €24,105 (-9.9%), from €244,416 to €220,311
of which Furniture and vehicles: -€12,762
- Receivables within one year -€22,562
down €22,562 (-10.1%), from €223,430 to €200,868
of which Trade receivables: -€38,101
- Debts after one year -€33,718
down €33,718 (-8.9%), from €380,698 to €346,980
of which Financial debts: -€25,840
- Trade debts +€18,623
up €18,623 (+46.7%), from €39,915 to €58,538
- Current portion of long-term debt -€10,573
down €10,573 (-29.0%), from €36,413 to €25,840
- Gross operating margin -€94,487
down €94,487 (-17.2%), from €548,883 to €454,395
- Write-downs -€69,350
no longer reported in 2025 (was €69,350)
- Staff costs +€18,795
up €18,795 (+4.8%), from €389,281 to €408,075
- Taxes -€8,960
down €8,960 (-74.8%), from €11,980 to €3,020
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 | €847,983 | €829,926 | -€18,057 | -2.1% |
| Fixed assets | 21/28 | €494,416 | €470,311 | -€24,105 | -4.9% |
| Tangible fixed assets | 22/27 | €244,416 | €220,311 | -€24,105 | -9.9% |
| Land and buildings | 22 | €217,237 | €206,424 | -€10,813 | -5.0% |
| Furniture and vehicles | 24 | €25,277 | €12,515 | -€12,762 | -50.5% |
| Other tangible fixed assets | 26 | €1,903 | €1,372 | -€531 | -27.9% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €353,567 | €359,615 | +€6,048 | +1.7% |
| Stocks and contracts in progress | 3 | €27,033 | €26,111 | -€922 | -3.4% |
| Stocks | 30/36 | €27,033 | €26,111 | -€922 | -3.4% |
| Amounts receivable within one year | 40/41 | €223,430 | €200,868 | -€22,562 | -10.1% |
| Trade receivables | 40 | €168,074 | €129,974 | -€38,101 | -22.7% |
| Other amounts receivable | 41 | €55,356 | €70,895 | +€15,539 | +28.1% |
| Cash at bank and in hand | 54/58 | €97,959 | €127,708 | +€29,749 | +30.4% |
| Deferred charges and accrued income | 490/1 | €5,144 | €4,927 | -€217 | -4.2% |
| Total equity and liabilities | 10/49 | €847,983 | €829,926 | -€18,057 | -2.1% |
| Equity | 10/15 | €329,490 | €329,536 | +€47 | 0.0% |
| Contributions | 10/11 | €68,750 | €68,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,740 | €260,786 | +€47 | 0.0% |
| Amounts payable | 17/49 | €518,494 | €500,389 | -€18,104 | -3.5% |
| Amounts payable after more than one year | 17 | €380,698 | €346,980 | -€33,718 | -8.9% |
| Financial debts | 170/4 | €113,622 | €87,782 | -€25,840 | -22.7% |
| Advances received on contracts in progress | 176 | €267,076 | €259,198 | -€7,878 | -2.9% |
| Amounts payable within one year | 42/48 | €137,796 | €153,409 | +€15,613 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €36,413 | €25,840 | -€10,573 | -29.0% |
| Financial debts | 43 | €6,418 | €11,418 | +€5,000 | +77.9% |
| Other loans | 439 | €6,418 | €11,418 | +€5,000 | +77.9% |
| Trade debts | 44 | €39,915 | €58,538 | +€18,623 | +46.7% |
| Suppliers | 440/4 | €39,915 | €58,538 | +€18,623 | +46.7% |
| Taxes, remuneration and social security | 45 | €55,050 | €57,614 | +€2,564 | +4.7% |
| Taxes | 450/3 | €14,938 | €3,655 | -€11,283 | -75.5% |
| Remuneration and social security | 454/9 | €40,113 | €53,959 | +€13,847 | +34.5% |
| Remuneration, social security and pensions | 62 | €389,281 | €408,075 | +€18,795 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,787 | €28,173 | -€1,614 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,350 | - | -€69,350 | |
| Other operating charges | 640/8 | €6,202 | €8,417 | +€2,214 | +35.7% |
| Gross operating margin | 9900 | €548,883 | €454,395 | -€94,487 | -17.2% |
| Operating profit (loss) | 9901 | €54,263 | €9,731 | -€44,532 | -82.1% |
| Financial income | 75/76B | €290 | €577 | +€287 | +99.2% |
| Recurring financial income | 75 | €83 | €577 | +€494 | +595.2% |
| Non-recurring financial income | 76B | €207 | - | -€207 | |
| Financial charges | 65/66B | €10,787 | €7,241 | -€3,547 | -32.9% |
| Recurring financial charges | 65 | €10,787 | €7,241 | -€3,547 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €43,765 | €3,067 | -€40,698 | -93.0% |
| Income taxes | 67/77 | €11,980 | €3,020 | -€8,960 | -74.8% |
| Profit (loss) for the period | 9904 | €31,785 | €47 | -€31,738 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,785 | €47 | -€31,738 | -99.9% |
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 11 October 2026 via checked.be.