Go 2: 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.
Go 2
Largest movements
- Tangible fixed assets +€505,116
up €505,116 (+120.7%), from €418,320 to €923,436
- Cash -€411,775
down €411,775 (-78.2%), from €526,239 to €114,464
mainly Investment in fixed assets (net) (-€523,514) and Accrued charges and deferred income (-€25,000)
- Trade debts +€49,239
up €49,239 (+9165.2%), from €537 to €49,776
- Reserves +€46,405
up €46,405 (+11.0%), from €420,504 to €466,908
of which Distributable reserves: +€46,404
- Other debts +€25,000
up €25,000 (+3424.7%), from €730 to €25,730
- Accrued charges and deferred income -€25,000
no longer reported in 2025 (was €25,000)
- Depreciation +€18,398
new in 2025: €18,398
- Financial income -€15,144
no longer reported in 2025 (was €15,144)
- Taxes -€7,577
down €7,577 (-30.4%), from €24,943 to €17,366
- Other operating charges +€2,703
up €2,703 (+4.5%), from €59,654 to €62,357
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 | €966,258 | €1,055,502 | +€89,244 | +9.2% |
| Fixed assets | 21/28 | €418,320 | €923,436 | +€505,116 | +120.7% |
| Tangible fixed assets | 22/27 | €418,320 | €923,436 | +€505,116 | +120.7% |
| Land and buildings | 22 | €418,320 | €923,436 | +€505,116 | +120.7% |
| Current assets | 29/58 | €547,938 | €132,065 | -€415,872 | -75.9% |
| Amounts receivable within one year | 40/41 | €14,102 | €17,602 | +€3,500 | +24.8% |
| Other amounts receivable | 41 | €14,102 | €17,602 | +€3,500 | +24.8% |
| Current investments | 50/53 | €7,597 | - | -€7,597 | |
| Cash at bank and in hand | 54/58 | €526,239 | €114,464 | -€411,775 | -78.2% |
| Total equity and liabilities | 10/49 | €966,258 | €1,055,502 | +€89,244 | +9.2% |
| Equity | 10/15 | €916,291 | €962,695 | +€46,405 | +5.1% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €420,504 | €466,908 | +€46,405 | +11.0% |
| Non-distributable reserves | 130/1 | €49,578 | €49,579 | +€1 | 0.0% |
| Legal reserve | 130 | €49,578 | €49,579 | +€1 | 0.0% |
| Distributable reserves | 133 | €370,926 | €417,330 | +€46,404 | +12.5% |
| Amounts payable | 17/49 | €49,967 | €92,806 | +€42,839 | +85.7% |
| Amounts payable within one year | 42/48 | €24,967 | €92,806 | +€67,839 | +271.7% |
| Trade debts | 44 | €537 | €49,776 | +€49,239 | +9165.2% |
| Suppliers | 440/4 | €537 | €49,776 | +€49,239 | +9165.2% |
| Taxes, remuneration and social security | 45 | €23,700 | €17,300 | -€6,400 | -27.0% |
| Taxes | 450/3 | €23,700 | €17,300 | -€6,400 | -27.0% |
| Other amounts payable | 47/48 | €730 | €25,730 | +€25,000 | +3424.7% |
| Accrued charges and deferred income | 492/3 | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €18,398 | +€18,398 | |
| Other operating charges | 640/8 | €59,654 | €62,357 | +€2,703 | +4.5% |
| Gross operating margin | 9900 | €144,643 | €145,264 | +€621 | +0.4% |
| Operating profit (loss) | 9901 | €84,989 | €64,509 | -€20,481 | -24.1% |
| Financial income | 75/76B | €15,144 | - | -€15,144 | |
| Recurring financial income | 75 | €15,144 | - | -€15,144 | |
| Financial charges | 65/66B | €459 | €738 | +€280 | +61.0% |
| Recurring financial charges | 65 | €459 | €738 | +€280 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €99,674 | €63,771 | -€35,904 | -36.0% |
| Income taxes | 67/77 | €24,943 | €17,366 | -€7,577 | -30.4% |
| Profit (loss) for the period | 9904 | €74,731 | €46,405 | -€28,327 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,731 | €46,405 | -€28,327 | -37.9% |
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.