HET GEBAAR: 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.
HET GEBAAR
Largest movements
- Tangible fixed assets -€312,306
down €312,306 (-54.9%), from €569,140 to €256,834
of which Land and buildings: -€271,007
- Receivables within one year -€97,388
down €97,388 (-80.1%), from €121,592 to €24,204
of which Other amounts receivable: -€93,507
- Stocks and contracts -€43,104
down €43,104 (-100.0%), from €43,104 to €0
- Debts after one year -€208,660
down €208,660 (-71.8%), from €290,733 to €82,072
of which Financial debts: -€202,660
- Trade debts -€125,002
down €125,002 (-82.5%), from €151,579 to €26,576
- Tax, wage and social debts -€110,155
down €110,155 (-78.7%), from €139,991 to €29,836
of which Remuneration and social security: -€60,880
- Profit (loss) carried forward +€75,855
up €75,855 (+27.7%), from -€274,301 to -€198,446
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Staff costs -€308,582
down €308,582 (-43.9%), from €702,545 to €393,963
- Gross operating margin -€303,144
down €303,144 (-37.3%), from €813,583 to €510,439
- Depreciation -€50,475
down €50,475 (-79.2%), from €63,702 to €13,227
- Financial charges -€15,511
down €15,511 (-42.3%), from €36,638 to €21,127
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 | €765,725 | €307,258 | -€458,467 | -59.9% |
| Fixed assets | 21/28 | €569,140 | €256,834 | -€312,306 | -54.9% |
| Tangible fixed assets | 22/27 | €569,140 | €256,834 | -€312,306 | -54.9% |
| Land and buildings | 22 | €271,007 | €0 | -€271,007 | -100.0% |
| Plant, machinery and equipment | 23 | €26,088 | €0 | -€26,088 | -100.0% |
| Furniture and vehicles | 24 | €5,961 | €3,280 | -€2,681 | -45.0% |
| Other tangible fixed assets | 26 | €266,083 | €253,554 | -€12,529 | -4.7% |
| Current assets | 29/58 | €196,586 | €50,424 | -€146,161 | -74.3% |
| Stocks and contracts in progress | 3 | €43,104 | €0 | -€43,104 | -100.0% |
| Stocks | 30/36 | €43,104 | €0 | -€43,104 | -100.0% |
| Amounts receivable within one year | 40/41 | €121,592 | €24,204 | -€97,388 | -80.1% |
| Trade receivables | 40 | €28,081 | €24,200 | -€3,881 | -13.8% |
| Other amounts receivable | 41 | €93,511 | €4 | -€93,507 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,890 | €26,220 | -€5,670 | -17.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €765,725 | €307,258 | -€458,467 | -59.9% |
| Equity | 10/15 | -€73,611 | €2,244 | +€75,855 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €165,690 | €165,690 | = | 0.0% |
| Distributable reserves | 133 | €165,690 | €165,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,301 | -€198,446 | +€75,855 | +27.7% |
| Amounts payable | 17/49 | €839,336 | €305,014 | -€534,322 | -63.7% |
| Amounts payable after more than one year | 17 | €290,733 | €82,072 | -€208,660 | -71.8% |
| Financial debts | 170/4 | €284,733 | €82,072 | -€202,660 | -71.2% |
| Other amounts payable | 178/9 | €6,000 | €0 | -€6,000 | -100.0% |
| Amounts payable within one year | 42/48 | €548,604 | €222,942 | -€325,662 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €72,005 | €26,435 | -€45,570 | -63.3% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €151,579 | €26,576 | -€125,002 | -82.5% |
| Suppliers | 440/4 | €151,579 | €26,576 | -€125,002 | -82.5% |
| Taxes, remuneration and social security | 45 | €139,991 | €29,836 | -€110,155 | -78.7% |
| Taxes | 450/3 | €56,418 | €7,143 | -€49,275 | -87.3% |
| Remuneration and social security | 454/9 | €83,573 | €22,693 | -€60,880 | -72.8% |
| Other amounts payable | 47/48 | €135,029 | €140,095 | +€5,066 | +3.8% |
| Non-recurring operating income | 76A | €0 | €68,566 | +€68,566 | |
| Remuneration, social security and pensions | 62 | €702,545 | €393,963 | -€308,582 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,702 | €13,227 | -€50,475 | -79.2% |
| Other operating charges | 640/8 | €5,232 | €7,719 | +€2,487 | +47.5% |
| Non-recurring operating charges | 66A | €704 | €0 | -€704 | -100.0% |
| Gross operating margin | 9900 | €813,583 | €510,439 | -€303,144 | -37.3% |
| Operating profit (loss) | 9901 | €41,401 | €95,530 | +€54,129 | +130.7% |
| Financial income | 75/76B | €47 | €1,452 | +€1,405 | +3014.4% |
| Recurring financial income | 75 | €47 | €1,452 | +€1,405 | +3014.4% |
| Financial charges | 65/66B | €36,638 | €21,127 | -€15,511 | -42.3% |
| Recurring financial charges | 65 | €36,638 | €21,127 | -€15,511 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €4,809 | €75,855 | +€71,046 | +1477.2% |
| Profit (loss) for the period | 9904 | €4,809 | €75,855 | +€71,046 | +1477.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,809 | €75,855 | +€71,046 | +1477.2% |
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 10 October 2026 via checked.be.