HIGH STANDARDS: 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.
HIGH STANDARDS
Largest movements
- Cash +€37,802
up €37,802 (+47.0%), from €80,451 to €118,254
mainly Other debts (+€131,577) and Net result for the year (+€36,884)
- Current investments +€10,190
up €10,190 (+10.2%), from €100,247 to €110,437
- Deferred charges and accrued income -€8,476
down €8,476 (-76.5%), from €11,078 to €2,601
- Tangible fixed assets -€5,670
down €5,670 (-3.6%), from €156,379 to €150,709
of which Furniture and vehicles: -€5,670
- Other debts +€131,577
up €131,577 (+504%), from €26,081 to €157,658
- Tax, wage and social debts -€58,740
down €58,740 (-92.5%), from €63,502 to €4,762
of which Remuneration and social security: -€58,806
- Reserves -€35,849
down €35,849 (-14.0%), from €256,806 to €220,956
of which Distributable reserves: -€35,849
- Gross operating margin -€25,850
down €25,850 (-26.8%), from €96,564 to €70,715
- Taxes -€6,064
down €6,064 (-26.6%), from €22,824 to €16,760
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 | €368,196 | €401,805 | +€33,610 | +9.1% |
| Fixed assets | 21/28 | €156,629 | €150,959 | -€5,670 | -3.6% |
| Tangible fixed assets | 22/27 | €156,379 | €150,709 | -€5,670 | -3.6% |
| Land and buildings | 22 | €111,685 | €111,685 | = | 0.0% |
| Furniture and vehicles | 24 | €44,693 | €39,024 | -€5,670 | -12.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €211,567 | €250,846 | +€39,279 | +18.6% |
| Amounts receivable within one year | 40/41 | €19,790 | €19,554 | -€236 | -1.2% |
| Trade receivables | 40 | €16,305 | €15,896 | -€409 | -2.5% |
| Other amounts receivable | 41 | €3,486 | €3,658 | +€172 | +4.9% |
| Current investments | 50/53 | €100,247 | €110,437 | +€10,190 | +10.2% |
| Cash at bank and in hand | 54/58 | €80,451 | €118,254 | +€37,802 | +47.0% |
| Deferred charges and accrued income | 490/1 | €11,078 | €2,601 | -€8,476 | -76.5% |
| Total equity and liabilities | 10/49 | €368,196 | €401,805 | +€33,610 | +9.1% |
| Equity | 10/15 | €273,510 | €237,660 | -€35,849 | -13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €10,504 | €10,504 | = | 0.0% |
| Reserves | 13 | €256,806 | €220,956 | -€35,849 | -14.0% |
| Tax-exempt reserves | 132 | €246 | €246 | = | 0.0% |
| Distributable reserves | 133 | €256,560 | €220,711 | -€35,849 | -14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,686 | €164,145 | +€69,459 | +73.4% |
| Amounts payable within one year | 42/48 | €94,152 | €164,145 | +€69,994 | +74.3% |
| Trade debts | 44 | €4,569 | €1,726 | -€2,843 | -62.2% |
| Suppliers | 440/4 | €4,569 | €1,726 | -€2,843 | -62.2% |
| Taxes, remuneration and social security | 45 | €63,502 | €4,762 | -€58,740 | -92.5% |
| Taxes | 450/3 | €4,696 | €4,762 | +€66 | +1.4% |
| Remuneration and social security | 454/9 | €58,806 | €0 | -€58,806 | -100% |
| Other amounts payable | 47/48 | €26,081 | €157,658 | +€131,577 | +504% |
| Accrued charges and deferred income | 492/3 | €535 | €0 | -€535 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,172 | €13,824 | +€653 | +5.0% |
| Other operating charges | 640/8 | €4,097 | €3,672 | -€425 | -10.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,564 | €70,715 | -€25,850 | -26.8% |
| Operating profit (loss) | 9901 | €79,296 | €53,218 | -€26,078 | -32.9% |
| Financial income | 75/76B | €817 | €869 | +€51 | +6.3% |
| Recurring financial income | 75 | €817 | €869 | +€51 | +6.3% |
| Financial charges | 65/66B | €315 | €443 | +€128 | +40.7% |
| Recurring financial charges | 65 | €315 | €443 | +€128 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €79,798 | €53,644 | -€26,155 | -32.8% |
| Income taxes | 67/77 | €22,824 | €16,760 | -€6,064 | -26.6% |
| Profit (loss) for the period | 9904 | €56,975 | €36,884 | -€20,091 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,975 | €36,884 | -€20,091 | -35.3% |
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 28 October 2026 via checked.be.