HEADLINE CREATIONS: 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.
HEADLINE CREATIONS
Largest movements
- Receivables within one year -€10,380
down €10,380 (-92.0%), from €11,286 to €906
of which Trade receivables: -€6,470
- Tangible fixed assets -€8,919
down €8,919 (-2.3%), from €383,045 to €374,127
of which Land and buildings: -€7,140
- Cash +€8,710
up €8,710 (+19,560%), from €45 to €8,755
mainly Depreciation (+€23,149) and Receivables within one year (+€10,380)
- Other debts -€8,545
down €8,545 (-3.8%), from €227,325 to €218,779
- Profit (loss) carried forward +€4,345
up €4,345 (+3.0%), from €144,563 to €148,908
- Gross operating margin +€11,084
up €11,084 (+56.8%), from €19,528 to €30,612
- Other operating charges -€987
down €987 (-27.5%), from €3,594 to €2,607
- Depreciation +€908
up €908 (+4.1%), from €22,242 to €23,149
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 | €397,723 | €389,092 | -€8,631 | -2.2% |
| Fixed assets | 21/28 | €383,195 | €374,277 | -€8,919 | -2.3% |
| Tangible fixed assets | 22/27 | €383,045 | €374,127 | -€8,919 | -2.3% |
| Land and buildings | 22 | €369,522 | €362,382 | -€7,140 | -1.9% |
| Plant, machinery and equipment | 23 | €398 | €2,189 | +€1,791 | +450% |
| Furniture and vehicles | 24 | €13,125 | €9,555 | -€3,570 | -27.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €14,528 | €14,815 | +€288 | +2.0% |
| Amounts receivable within one year | 40/41 | €11,286 | €906 | -€10,380 | -92.0% |
| Trade receivables | 40 | €6,502 | €32 | -€6,470 | -99.5% |
| Other amounts receivable | 41 | €4,783 | €873 | -€3,910 | -81.7% |
| Cash at bank and in hand | 54/58 | €45 | €8,755 | +€8,710 | +19,560% |
| Deferred charges and accrued income | 490/1 | €3,198 | €5,155 | +€1,958 | +61.2% |
| Total equity and liabilities | 10/49 | €397,723 | €389,092 | -€8,631 | -2.2% |
| Equity | 10/15 | €165,015 | €169,359 | +€4,345 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,563 | €148,908 | +€4,345 | +3.0% |
| Amounts payable | 17/49 | €232,708 | €219,733 | -€12,976 | -5.6% |
| Amounts payable within one year | 42/48 | €232,358 | €219,733 | -€12,626 | -5.4% |
| Financial debts | 43 | €946 | - | -€946 | |
| Credit institutions | 430/8 | €946 | - | -€946 | |
| Trade debts | 44 | €3,092 | €954 | -€2,139 | -69.2% |
| Suppliers | 440/4 | €3,092 | €954 | -€2,139 | -69.2% |
| Taxes, remuneration and social security | 45 | €995 | - | -€995 | |
| Taxes | 450/3 | €995 | - | -€995 | |
| Other amounts payable | 47/48 | €227,325 | €218,779 | -€8,545 | -3.8% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,242 | €23,149 | +€908 | +4.1% |
| Other operating charges | 640/8 | €3,594 | €2,607 | -€987 | -27.5% |
| Gross operating margin | 9900 | €19,528 | €30,612 | +€11,084 | +56.8% |
| Operating profit (loss) | 9901 | -€6,308 | €4,855 | +€11,163 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €598 | €510 | -€88 | -14.6% |
| Recurring financial charges | 65 | €598 | €510 | -€88 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,905 | €4,345 | +€11,250 | |
| Profit (loss) for the period | 9904 | -€6,905 | €4,345 | +€11,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,905 | €4,345 | +€11,250 |
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 16 October 2026 via checked.be.