GO Graphic: 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.
GO Graphic
Largest movements
- Tangible fixed assets -€17,787
down €17,787 (-6.3%), from €281,743 to €263,956
of which Land and buildings: -€14,046
- Cash +€9,595
up €9,595 (+34.5%), from €27,824 to €37,419
mainly Depreciation (+€17,787) and Current investments (+€7,548)
- Current investments -€7,548
no longer reported in 2025 (was €7,548)
- Debts after one year -€18,734
down €18,734 (-11.9%), from €157,878 to €139,144
of which Financial debts: -€19,044
- Trade debts -€7,668
down €7,668 (-89.0%), from €8,621 to €953
- Profit (loss) carried forward +€6,897
up €6,897 (+9.8%), from -€70,341 to -€63,444
- Financial income -€17,885
down €17,885 (-99.4%), from €18,000 to €115
- Gross operating margin -€7,763
down €7,763 (-18.5%), from €41,982 to €34,219
- Other operating charges -€5,538
down €5,538 (-59.9%), from €9,247 to €3,709
- Depreciation -€2,724
down €2,724 (-13.3%), from €20,511 to €17,787
- Financial charges +€886
up €886 (+18.0%), from €4,926 to €5,812
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.
Derived cash bridge
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 | €320,880 | €304,307 | -€16,573 | -5.2% |
| Fixed assets | 21/28 | €281,793 | €264,006 | -€17,787 | -6.3% |
| Tangible fixed assets | 22/27 | €281,743 | €263,956 | -€17,787 | -6.3% |
| Land and buildings | 22 | €274,262 | €260,216 | -€14,046 | -5.1% |
| Furniture and vehicles | 24 | €7,481 | €3,740 | -€3,741 | -50.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €39,087 | €40,301 | +€1,214 | +3.1% |
| Amounts receivable within one year | 40/41 | €3,715 | €1,767 | -€1,948 | -52.4% |
| Trade receivables | 40 | - | €702 | +€702 | |
| Other amounts receivable | 41 | €3,715 | €1,065 | -€2,650 | -71.3% |
| Current investments | 50/53 | €7,548 | - | -€7,548 | |
| Cash at bank and in hand | 54/58 | €27,824 | €37,419 | +€9,595 | +34.5% |
| Deferred charges and accrued income | 490/1 | - | €1,115 | +€1,115 | |
| Total equity and liabilities | 10/49 | €320,880 | €304,307 | -€16,573 | -5.2% |
| Equity | 10/15 | €119,029 | €125,927 | +€6,898 | +5.8% |
| Contributions | 10/11 | €186,300 | €186,300 | = | 0.0% |
| Capital | 10 | €186,300 | €186,300 | = | 0.0% |
| Issued capital | 100 | €186,300 | €186,300 | = | 0.0% |
| Revaluation surpluses | 12 | €3,070 | - | -€3,070 | |
| Reserves | 13 | - | €3,070 | +€3,070 | |
| Non-distributable reserves | 130/1 | - | €3,070 | +€3,070 | |
| Legal reserve | 130 | - | €3,070 | +€3,070 | |
| Profit (loss) carried forward | 14 | -€70,341 | -€63,444 | +€6,897 | +9.8% |
| Amounts payable | 17/49 | €201,851 | €178,380 | -€23,471 | -11.6% |
| Amounts payable after more than one year | 17 | €157,878 | €139,144 | -€18,734 | -11.9% |
| Financial debts | 170/4 | €152,898 | €133,854 | -€19,044 | -12.5% |
| Other amounts payable | 178/9 | €4,980 | €5,290 | +€310 | +6.2% |
| Amounts payable within one year | 42/48 | €43,589 | €37,861 | -€5,728 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €17,510 | €19,044 | +€1,534 | +8.8% |
| Trade debts | 44 | €8,621 | €953 | -€7,668 | -89.0% |
| Suppliers | 440/4 | €8,621 | €953 | -€7,668 | -89.0% |
| Taxes, remuneration and social security | 45 | €781 | €129 | -€652 | -83.5% |
| Taxes | 450/3 | €781 | €129 | -€652 | -83.5% |
| Other amounts payable | 47/48 | €16,677 | €17,736 | +€1,059 | +6.4% |
| Accrued charges and deferred income | 492/3 | €384 | €1,375 | +€991 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,511 | €17,787 | -€2,724 | -13.3% |
| Other operating charges | 640/8 | €9,247 | €3,709 | -€5,538 | -59.9% |
| Gross operating margin | 9900 | €41,982 | €34,219 | -€7,763 | -18.5% |
| Operating profit (loss) | 9901 | €12,224 | €12,723 | +€499 | +4.1% |
| Financial income | 75/76B | €18,000 | €115 | -€17,885 | -99.4% |
| Recurring financial income | 75 | €18,000 | €115 | -€17,885 | -99.4% |
| Financial charges | 65/66B | €4,926 | €5,812 | +€886 | +18.0% |
| Recurring financial charges | 65 | €4,926 | €5,812 | +€886 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €25,298 | €7,026 | -€18,272 | -72.2% |
| Income taxes | 67/77 | €165 | €129 | -€36 | -21.8% |
| Profit (loss) for the period | 9904 | €25,133 | €6,897 | -€18,236 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,133 | €6,897 | -€18,236 | -72.6% |
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 14 October 2026 via checked.be.