GLOBAL: 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.
GLOBAL
Largest movements
- Tangible fixed assets +€305,363
up €305,363 (+39864.7%), from €766 to €306,129
of which Land and buildings: +€305,802
- Receivables within one year -€146,550
no longer reported in 2025 (was €146,550)
- Deferred charges and accrued income -€8,595
no longer reported in 2025 (was €8,595)
- Other debts +€284,607
new in 2025: €284,607
- Trade debts -€138,865
down €138,865 (-90.5%), from €153,443 to €14,578
- Profit (loss) carried forward +€8,515
up €8,515, from -€7,549 to €966
- Gross operating margin +€9,883
up €9,883, from -€602 to €9,281
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 | €157,371 | €310,151 | +€152,780 | +97.1% |
| Fixed assets | 21/28 | €766 | €306,129 | +€305,363 | +39864.7% |
| Tangible fixed assets | 22/27 | €766 | €306,129 | +€305,363 | +39864.7% |
| Land and buildings | 22 | €327 | €306,129 | +€305,802 | +93517.5% |
| Plant, machinery and equipment | 23 | €189 | - | -€189 | |
| Other tangible fixed assets | 26 | €250 | - | -€250 | |
| Current assets | 29/58 | €156,605 | €4,021 | -€152,584 | -97.4% |
| Amounts receivable within one year | 40/41 | €146,550 | - | -€146,550 | |
| Trade receivables | 40 | €146,550 | - | -€146,550 | |
| Cash at bank and in hand | 54/58 | €1,460 | €4,021 | +€2,561 | +175.4% |
| Deferred charges and accrued income | 490/1 | €8,595 | - | -€8,595 | |
| Total equity and liabilities | 10/49 | €157,371 | €310,151 | +€152,780 | +97.1% |
| Equity | 10/15 | €2,451 | €10,966 | +€8,515 | +347.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | -€7,549 | €966 | +€8,515 | |
| Amounts payable | 17/49 | €154,920 | €299,184 | +€144,264 | +93.1% |
| Amounts payable within one year | 42/48 | €154,920 | €299,184 | +€144,264 | +93.1% |
| Trade debts | 44 | €153,443 | €14,578 | -€138,865 | -90.5% |
| Suppliers | 440/4 | €153,443 | €14,578 | -€138,865 | -90.5% |
| Taxes, remuneration and social security | 45 | €1,477 | - | -€1,477 | |
| Taxes | 450/3 | €1,477 | - | -€1,477 | |
| Other amounts payable | 47/48 | - | €284,607 | +€284,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €767 | €766 | -€1 | -0.1% |
| Gross operating margin | 9900 | -€602 | €9,281 | +€9,883 | |
| Operating profit (loss) | 9901 | -€1,369 | €8,515 | +€9,884 | |
| Financial charges | 65/66B | €84 | - | -€84 | |
| Recurring financial charges | 65 | €84 | - | -€84 | |
| Profit (loss) for the period before taxes | 9903 | -€1,453 | €8,515 | +€9,968 | |
| Profit (loss) for the period | 9904 | -€1,453 | €8,515 | +€9,968 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,453 | €8,515 | +€9,968 |
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 7 October 2026 via checked.be.