GREEN: 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.
GREEN
Largest movements
- Tangible fixed assets -€35,551
down €35,551 (-13.0%), from €273,212 to €237,661
of which Land and buildings: -€35,995
- Cash -€27,873
down €27,873 (-23.8%), from €117,182 to €89,309
mainly Contributions, distributions and other (-€33,000) and Other debts (-€31,626)
- Other debts -€31,626
down €31,626 (-40.2%), from €78,590 to €46,964
- Debts after one year -€22,365
down €22,365 (-23.5%), from €95,323 to €72,958
- Accrued charges and deferred income -€10,990
no longer reported in 2025 (was €10,990)
- Gross operating margin +€4,399
up €4,399 (+4.9%), from €90,402 to €94,801
- Taxes +€1,003
up €1,003 (+10.0%), from €9,999 to €11,002
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 | €390,973 | €327,208 | -€63,766 | -16.3% |
| Fixed assets | 21/28 | €273,212 | €237,661 | -€35,551 | -13.0% |
| Tangible fixed assets | 22/27 | €273,212 | €237,661 | -€35,551 | -13.0% |
| Land and buildings | 22 | €263,455 | €227,460 | -€35,995 | -13.7% |
| Plant, machinery and equipment | 23 | €1,713 | €4,222 | +€2,510 | +147% |
| Furniture and vehicles | 24 | €8,044 | €5,978 | -€2,066 | -25.7% |
| Current assets | 29/58 | €117,762 | €89,547 | -€28,215 | -24.0% |
| Amounts receivable within one year | 40/41 | €580 | €238 | -€342 | -59.0% |
| Other amounts receivable | 41 | €580 | €238 | -€342 | -59.0% |
| Cash at bank and in hand | 54/58 | €117,182 | €89,309 | -€27,873 | -23.8% |
| Total equity and liabilities | 10/49 | €390,973 | €327,208 | -€63,766 | -16.3% |
| Equity | 10/15 | €180,125 | €180,132 | +€7 | 0.0% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €49,981 | €49,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,014 | €13,014 | = | 0.0% |
| Distributable reserves | 133 | €36,966 | €36,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €7 | +€7 | |
| Amounts payable | 17/49 | €210,849 | €147,076 | -€63,773 | -30.2% |
| Amounts payable after more than one year | 17 | €95,323 | €72,958 | -€22,365 | -23.5% |
| Financial debts | 170/4 | €95,323 | €72,958 | -€22,365 | -23.5% |
| Amounts payable within one year | 42/48 | €104,537 | €74,118 | -€30,419 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €22,160 | €22,365 | +€205 | +0.9% |
| Taxes, remuneration and social security | 45 | €3,787 | €4,789 | +€1,002 | +26.5% |
| Taxes | 450/3 | €2,287 | €3,289 | +€1,002 | +43.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €78,590 | €46,964 | -€31,626 | -40.2% |
| Accrued charges and deferred income | 492/3 | €10,990 | - | -€10,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,019 | €39,228 | +€209 | +0.5% |
| Other operating charges | 640/8 | €9,003 | €9,789 | +€787 | +8.7% |
| Gross operating margin | 9900 | €90,402 | €94,801 | +€4,399 | +4.9% |
| Operating profit (loss) | 9901 | €42,381 | €45,784 | +€3,403 | +8.0% |
| Financial income | 75/76B | €1,196 | €1,001 | -€195 | -16.3% |
| Recurring financial income | 75 | €1,196 | €1,001 | -€195 | -16.3% |
| Financial charges | 65/66B | €3,138 | €2,775 | -€363 | -11.6% |
| Recurring financial charges | 65 | €3,138 | €2,775 | -€363 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €40,439 | €44,010 | +€3,571 | +8.8% |
| Income taxes | 67/77 | €9,999 | €11,002 | +€1,003 | +10.0% |
| Profit (loss) for the period | 9904 | €30,439 | €33,007 | +€2,568 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,439 | €33,007 | +€2,568 | +8.4% |
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 15 October 2026 via checked.be.