ICYMI: 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.
ICYMI
Largest movements
- Cash +€51,059
up €51,059 (+38.2%), from €133,828 to €184,887
mainly Net result for the year (+€70,146) and Depreciation (+€40,383)
- Tangible fixed assets -€16,216
down €16,216 (-2.0%), from €803,423 to €787,206
of which Land and buildings: -€28,399
- Profit (loss) carried forward +€70,146
up €70,146 (+19.6%), from €357,061 to €427,207
- Debts after one year -€34,092
down €34,092 (-6.4%), from €535,314 to €501,223
- Gross operating margin +€46,831
up €46,831 (+46.4%), from €100,905 to €147,736
- Taxes +€9,255
up €9,255 (+94.1%), from €9,836 to €19,091
- Depreciation +€4,447
up €4,447 (+12.4%), from €35,935 to €40,383
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 | €943,738 | €989,632 | +€45,895 | +4.9% |
| Fixed assets | 21/28 | €803,462 | €787,246 | -€16,216 | -2.0% |
| Tangible fixed assets | 22/27 | €803,423 | €787,206 | -€16,216 | -2.0% |
| Land and buildings | 22 | €765,106 | €736,708 | -€28,399 | -3.7% |
| Plant, machinery and equipment | 23 | €33,417 | €29,156 | -€4,261 | -12.8% |
| Furniture and vehicles | 24 | €4,899 | €21,343 | +€16,444 | +335.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €140,275 | €202,386 | +€62,111 | +44.3% |
| Amounts receivable within one year | 40/41 | €5,287 | €13,792 | +€8,505 | +160.9% |
| Trade receivables | 40 | - | €12,666 | +€12,666 | |
| Other amounts receivable | 41 | €5,287 | €1,125 | -€4,162 | -78.7% |
| Cash at bank and in hand | 54/58 | €133,828 | €184,887 | +€51,059 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1,160 | €3,708 | +€2,548 | +219.6% |
| Total equity and liabilities | 10/49 | €943,738 | €989,632 | +€45,895 | +4.9% |
| Equity | 10/15 | €359,261 | €429,407 | +€70,146 | +19.5% |
| Contributions | 10/11 | €2,000 | €2,200 | +€200 | +10.0% |
| Reserves | 13 | €200 | - | -€200 | |
| Non-distributable reserves | 130/1 | €200 | - | -€200 | |
| Reserves not available under the articles | 1311 | €200 | - | -€200 | |
| Profit (loss) carried forward | 14 | €357,061 | €427,207 | +€70,146 | +19.6% |
| Amounts payable | 17/49 | €584,476 | €560,225 | -€24,251 | -4.1% |
| Amounts payable after more than one year | 17 | €535,314 | €501,223 | -€34,092 | -6.4% |
| Financial debts | 170/4 | €535,314 | €501,223 | -€34,092 | -6.4% |
| Amounts payable within one year | 42/48 | €45,463 | €55,305 | +€9,842 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €33,473 | €34,092 | +€618 | +1.8% |
| Trade debts | 44 | €4,897 | €12,851 | +€7,954 | +162.4% |
| Suppliers | 440/4 | €4,897 | €12,851 | +€7,954 | +162.4% |
| Taxes, remuneration and social security | 45 | €5,403 | €8,147 | +€2,745 | +50.8% |
| Taxes | 450/3 | €5,403 | €4,788 | -€614 | -11.4% |
| Remuneration and social security | 454/9 | - | €3,359 | +€3,359 | |
| Other amounts payable | 47/48 | €1,690 | €215 | -€1,475 | -87.3% |
| Accrued charges and deferred income | 492/3 | €3,699 | €3,698 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,935 | €40,383 | +€4,447 | +12.4% |
| Other operating charges | 640/8 | €7,014 | €7,475 | +€461 | +6.6% |
| Gross operating margin | 9900 | €100,905 | €147,736 | +€46,831 | +46.4% |
| Operating profit (loss) | 9901 | €57,955 | €99,878 | +€41,923 | +72.3% |
| Financial income | 75/76B | €654 | €285 | -€369 | -56.4% |
| Recurring financial income | 75 | €654 | €285 | -€369 | -56.4% |
| Financial charges | 65/66B | €11,902 | €10,926 | -€975 | -8.2% |
| Recurring financial charges | 65 | €11,902 | €10,926 | -€975 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €46,707 | €89,237 | +€42,529 | +91.1% |
| Income taxes | 67/77 | €9,836 | €19,091 | +€9,255 | +94.1% |
| Profit (loss) for the period | 9904 | €36,871 | €70,146 | +€33,274 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,871 | €70,146 | +€33,274 | +90.2% |
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 8 October 2026 via checked.be.