HOME NEXT: 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.
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Largest movements
- Cash -€258,065
down €258,065 (-91.9%), from €280,701 to €22,637
mainly Investment in fixed assets (net) (-€180,142) and Receivables within one year (-€69,578)
- Tangible fixed assets +€156,843
up €156,843 (+47.0%), from €333,712 to €490,556
of which Land and buildings: +€176,429
- Receivables within one year +€69,578
up €69,578 (+6,185%), from €1,125 to €70,703
of which Trade receivables: +€40,678
- Profit (loss) carried forward -€23,104
new in 2025: -€23,104
- Other debts -€11,447
down €11,447 (-58.5%), from €19,577 to €8,130
- Gross operating margin -€42,882
down €42,882 (-87.1%), from €49,211 to €6,328
- Write-downs +€4,068
new in 2025: €4,068
- Depreciation -€4,024
down €4,024 (-14.7%), from €27,323 to €23,299
- Taxes -€2,198
down €2,198 (-88.3%), from €2,489 to €291
- Other operating charges +€1,614
up €1,614 (+319%), from €505 to €2,120
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 | €615,539 | €583,895 | -€31,644 | -5.1% |
| Fixed assets | 21/28 | €333,712 | €490,556 | +€156,843 | +47.0% |
| Tangible fixed assets | 22/27 | €333,712 | €490,556 | +€156,843 | +47.0% |
| Land and buildings | 22 | €310,732 | €487,161 | +€176,429 | +56.8% |
| Plant, machinery and equipment | 23 | €5,732 | €3,070 | -€2,661 | -46.4% |
| Furniture and vehicles | 24 | €17,249 | €324 | -€16,925 | -98.1% |
| Current assets | 29/58 | €281,826 | €93,339 | -€188,487 | -66.9% |
| Amounts receivable within one year | 40/41 | €1,125 | €70,703 | +€69,578 | +6,185% |
| Trade receivables | 40 | - | €40,678 | +€40,678 | |
| Other amounts receivable | 41 | €1,125 | €30,025 | +€28,900 | +2,569% |
| Cash at bank and in hand | 54/58 | €280,701 | €22,637 | -€258,065 | -91.9% |
| Total equity and liabilities | 10/49 | €615,539 | €583,895 | -€31,644 | -5.1% |
| Equity | 10/15 | €595,947 | €572,843 | -€23,104 | -3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €590,947 | €590,947 | = | 0.0% |
| Distributable reserves | 133 | €590,947 | €590,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,104 | -€23,104 | |
| Amounts payable | 17/49 | €19,592 | €11,052 | -€8,540 | -43.6% |
| Amounts payable within one year | 42/48 | €19,592 | €11,052 | -€8,540 | -43.6% |
| Trade debts | 44 | €15 | €405 | +€390 | +2,611% |
| Suppliers | 440/4 | €15 | €405 | +€390 | +2,611% |
| Taxes, remuneration and social security | 45 | - | €2,517 | +€2,517 | |
| Taxes | 450/3 | - | €2,517 | +€2,517 | |
| Other amounts payable | 47/48 | €19,577 | €8,130 | -€11,447 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,323 | €23,299 | -€4,024 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,068 | +€4,068 | |
| Other operating charges | 640/8 | €505 | €2,120 | +€1,614 | +319% |
| Non-recurring operating charges | 66A | €4,774 | - | -€4,774 | |
| Gross operating margin | 9900 | €49,211 | €6,328 | -€42,882 | -87.1% |
| Operating profit (loss) | 9901 | €16,608 | -€23,158 | -€39,766 | |
| Financial income | 75/76B | €391 | €433 | +€42 | +10.7% |
| Recurring financial income | 75 | €391 | €433 | +€42 | +10.7% |
| Financial charges | 65/66B | €277 | €88 | -€188 | -68.1% |
| Recurring financial charges | 65 | €277 | €88 | -€188 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €16,723 | -€22,813 | -€39,536 | |
| Income taxes | 67/77 | €2,489 | €291 | -€2,198 | -88.3% |
| Profit (loss) for the period | 9904 | €14,234 | -€23,104 | -€37,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,234 | -€23,104 | -€37,338 |
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 17 October 2026 via checked.be.