I CUSTODI: 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.
I CUSTODI
Largest movements
- Tangible fixed assets +€666,993
up €666,993 (+787.0%), from €84,746 to €751,739
- Receivables after one year +€33,418
up €33,418 (+16.8%), from €198,630 to €232,047
- Debts after one year +€699,688
up €699,688 (+242.1%), from €289,005 to €988,693
of which Financial debts: +€746,088
- Current portion of long-term debt -€80,041
down €80,041 (-62.9%), from €127,264 to €47,222
- Other debts +€45,646
new in 2025: €45,646
- Profit (loss) carried forward +€27,956
up €27,956 (+10.6%), from -€262,776 to -€234,820
- Gross operating margin +€69,521
up €69,521 (+104.1%), from €66,798 to €136,318
- Depreciation -€31,050
down €31,050 (-36.6%), from €84,746 to €53,696
- Financial charges +€28,485
up €28,485 (+292.1%), from €9,753 to €38,239
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 | €290,125 | €985,484 | +€695,359 | +239.7% |
| Fixed assets | 21/28 | €85,062 | €752,055 | +€666,993 | +784.1% |
| Tangible fixed assets | 22/27 | €84,746 | €751,739 | +€666,993 | +787.0% |
| Land and buildings | 22 | €84,746 | €751,739 | +€666,993 | +787.0% |
| Financial fixed assets | 28 | €316 | €316 | = | 0.0% |
| Current assets | 29/58 | €205,063 | €233,429 | +€28,367 | +13.8% |
| Amounts receivable after more than one year | 29 | €198,630 | €232,047 | +€33,418 | +16.8% |
| Other amounts receivable | 291 | €198,630 | €232,047 | +€33,418 | +16.8% |
| Amounts receivable within one year | 40/41 | €5,337 | €0 | -€5,337 | -100.0% |
| Other amounts receivable | 41 | €5,337 | €0 | -€5,337 | -100.0% |
| Cash at bank and in hand | 54/58 | €84 | €0 | -€84 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,382 | +€370 | +36.6% |
| Total equity and liabilities | 10/49 | €290,125 | €985,484 | +€695,359 | +239.7% |
| Equity | 10/15 | -€126,535 | -€98,579 | +€27,956 | +22.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €74,240 | €74,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €68,040 | €68,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,776 | -€234,820 | +€27,956 | +10.6% |
| Amounts payable | 17/49 | €416,660 | €1,084,063 | +€667,403 | +160.2% |
| Amounts payable after more than one year | 17 | €289,005 | €988,693 | +€699,688 | +242.1% |
| Financial debts | 170/4 | €21,764 | €767,852 | +€746,088 | +3428.1% |
| Other amounts payable | 178/9 | €267,242 | €220,842 | -€46,400 | -17.4% |
| Amounts payable within one year | 42/48 | €127,654 | €92,869 | -€34,785 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €127,264 | €47,222 | -€80,041 | -62.9% |
| Trade debts | 44 | €391 | €0 | -€391 | -100.0% |
| Suppliers | 440/4 | €391 | €0 | -€391 | -100.0% |
| Other amounts payable | 47/48 | - | €45,646 | +€45,646 | |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,746 | €53,696 | -€31,050 | -36.6% |
| Other operating charges | 640/8 | €15,073 | €16,428 | +€1,355 | +9.0% |
| Gross operating margin | 9900 | €66,798 | €136,318 | +€69,521 | +104.1% |
| Operating profit (loss) | 9901 | -€33,022 | €66,194 | +€99,216 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,753 | €38,239 | +€28,485 | +292.1% |
| Recurring financial charges | 65 | €9,753 | €38,239 | +€28,485 | +292.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,775 | €27,956 | +€70,731 | |
| Income taxes | 67/77 | - | -€0 | -€0 | |
| Profit (loss) for the period | 9904 | -€42,775 | €27,956 | +€70,731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,775 | €27,956 | +€70,731 |
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 5 October 2026 via checked.be.