GROUND CONTROL: 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.
GROUND CONTROL
Largest movements
- Current investments +€536,476
up €536,476 (+119%), from €450,000 to €986,476
- Receivables within one year +€175,157
up €175,157 (+1,337,075%), from €13 to €175,170
of which Other amounts receivable: +€174,987
- Reserves +€821,459
up €821,459 (+33.6%), from €2.4m to €3.3m
- Other debts -€104,169
down €104,169 (-18.2%), from €573,564 to €469,394
- Financial income +€450,695
up €450,695 (+136%), from €332,261 to €782,957
- Taxes -€3,433
down €3,433 (-11.4%), from €30,077 to €26,644
- Financial charges -€2,351
down €2,351 (-5.7%), from €41,075 to €38,724
- Gross operating margin +€1,508
up €1,508 (+1.2%), from €122,457 to €123,965
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 | €3,943,314 | €4,618,624 | +€675,310 | +17.1% |
| Fixed assets | 21/28 | €2,081,980 | €2,063,936 | -€18,044 | -0.9% |
| Tangible fixed assets | 22/27 | €217,793 | €199,749 | -€18,044 | -8.3% |
| Land and buildings | 22 | €217,793 | €199,749 | -€18,044 | -8.3% |
| Financial fixed assets | 28 | €1,864,187 | €1,864,187 | = | 0.0% |
| Current assets | 29/58 | €1,861,334 | €2,554,688 | +€693,354 | +37.3% |
| Amounts receivable after more than one year | 29 | €1,307,000 | €1,307,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,307,000 | €1,307,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13 | €175,170 | +€175,157 | +1,337,075% |
| Trade receivables | 40 | - | €170 | +€170 | |
| Other amounts receivable | 41 | €13 | €175,000 | +€174,987 | +1,335,778% |
| Current investments | 50/53 | €450,000 | €986,476 | +€536,476 | +119% |
| Cash at bank and in hand | 54/58 | €91,111 | €71,779 | -€19,332 | -21.2% |
| Deferred charges and accrued income | 490/1 | €13,210 | €14,263 | +€1,053 | +8.0% |
| Total equity and liabilities | 10/49 | €3,943,314 | €4,618,624 | +€675,310 | +17.1% |
| Equity | 10/15 | €3,262,833 | €4,084,293 | +€821,459 | +25.2% |
| Contributions | 10/11 | €819,300 | €819,300 | = | 0.0% |
| Reserves | 13 | €2,443,533 | €3,264,993 | +€821,459 | +33.6% |
| Distributable reserves | 133 | €2,443,533 | €3,264,993 | +€821,459 | +33.6% |
| Amounts payable | 17/49 | €680,481 | €534,331 | -€146,150 | -21.5% |
| Amounts payable after more than one year | 17 | €25,583 | €1,083 | -€24,500 | -95.8% |
| Financial debts | 170/4 | €25,583 | €1,083 | -€24,500 | -95.8% |
| Amounts payable within one year | 42/48 | €606,056 | €496,328 | -€109,729 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €24,500 | €24,500 | +€0 | 0.0% |
| Trade debts | 44 | €1,336 | €523 | -€813 | -60.9% |
| Suppliers | 440/4 | €1,336 | €523 | -€813 | -60.9% |
| Taxes, remuneration and social security | 45 | €6,657 | €1,910 | -€4,746 | -71.3% |
| Taxes | 450/3 | €6,657 | €1,910 | -€4,746 | -71.3% |
| Other amounts payable | 47/48 | €573,564 | €469,394 | -€104,169 | -18.2% |
| Accrued charges and deferred income | 492/3 | €48,841 | €36,921 | -€11,921 | -24.4% |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,044 | €18,044 | = | 0.0% |
| Other operating charges | 640/8 | €2,152 | €2,050 | -€102 | -4.7% |
| Gross operating margin | 9900 | €122,457 | €123,965 | +€1,508 | +1.2% |
| Operating profit (loss) | 9901 | €102,097 | €103,871 | +€1,774 | +1.7% |
| Financial income | 75/76B | €332,261 | €782,957 | +€450,695 | +136% |
| Recurring financial income | 75 | €332,261 | €782,957 | +€450,695 | +136% |
| Financial charges | 65/66B | €41,075 | €38,724 | -€2,351 | -5.7% |
| Recurring financial charges | 65 | €41,075 | €38,724 | -€2,351 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €393,284 | €848,104 | +€454,820 | +116% |
| Income taxes | 67/77 | €30,077 | €26,644 | -€3,433 | -11.4% |
| Profit (loss) for the period | 9904 | €363,206 | €821,459 | +€458,253 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €363,206 | €821,459 | +€458,253 | +126% |
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 19 October 2026 via checked.be.