HET STATION: what changed
Two fiscal 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 STATION
Largest movements
- Cash +€54,813
up €54,813 (+56.2%), from €97,554 to €152,367
mainly Depreciation (+€86,351)
- Tangible fixed assets -€46,546
down €46,546 (-6.5%), from €718,864 to €672,318
- Intangible fixed assets -€36,000
no longer reported in 2025 (was €36,000)
- Profit (loss) carried forward -€27,733
down €27,733 (-3.2%), from -€875,530 to -€903,264
- Gross operating margin +€6,253
up €6,253 (+10.3%), from €60,526 to €66,778
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 | €852,919 | €825,185 | -€27,733 | -3.3% |
| Fixed assets | 21/28 | €755,364 | €672,818 | -€82,546 | -10.9% |
| Intangible fixed assets | 21 | €36,000 | - | -€36,000 | |
| Tangible fixed assets | 22/27 | €718,864 | €672,318 | -€46,546 | -6.5% |
| Land and buildings | 22 | €718,864 | €672,318 | -€46,546 | -6.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €97,554 | €152,367 | +€54,813 | +56.2% |
| Cash at bank and in hand | 54/58 | €97,554 | €152,367 | +€54,813 | +56.2% |
| Total equity and liabilities | 10/49 | €852,919 | €825,185 | -€27,733 | -3.3% |
| Equity | 10/15 | -€726,794 | -€754,527 | -€27,733 | -3.8% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€875,530 | -€903,264 | -€27,733 | -3.2% |
| Amounts payable | 17/49 | €1,579,713 | €1,579,713 | -€0 | 0.0% |
| Amounts payable after more than one year | 17 | €1,579,593 | €1,579,593 | = | 0.0% |
| Financial debts | 170/4 | €1,579,593 | €1,579,593 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120 | €120 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €120 | €120 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,709 | €86,351 | +€642 | +0.7% |
| Other operating charges | 640/8 | €7,611 | €8,115 | +€504 | +6.6% |
| Gross operating margin | 9900 | €60,526 | €66,778 | +€6,253 | +10.3% |
| Operating profit (loss) | 9901 | -€32,794 | -€27,687 | +€5,107 | +15.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,840 | -€27,733 | +€5,107 | +15.6% |
| Profit (loss) for the period | 9904 | -€32,840 | -€27,733 | +€5,107 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,840 | -€27,733 | +€5,107 | +15.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.