include: 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.
include
Largest movements
- Receivables within one year -€7,177
down €7,177 (-97.7%), from €7,349 to €172
of which Trade receivables: -€7,349
- Cash +€6,683
up €6,683 (+107.5%), from €6,216 to €12,899
mainly Receivables within one year (+€7,177) and Depreciation (+€3,526)
- Tangible fixed assets -€3,526
down €3,526 (-10.0%), from €35,246 to €31,720
of which Land and buildings: -€2,357
- Other debts -€4,741
down €4,741 (-13.0%), from €36,495 to €31,754
- Reserves +€2,273
up €2,273 (+32.0%), from €7,111 to €9,384
- Tax, wage and social debts -€1,224
down €1,224 (-32.8%), from €3,726 to €2,502
- Gross operating margin -€2,186
down €2,186 (-21.2%), from €10,335 to €8,149
- Other operating charges +€816
up €816 (+244.5%), from €334 to €1,150
- Taxes -€754
down €754 (-41.1%), from €1,834 to €1,080
- Depreciation +€455
up €455 (+14.8%), from €3,072 to €3,526
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 | €49,695 | €45,697 | -€3,997 | -8.0% |
| Fixed assets | 21/28 | €35,246 | €31,720 | -€3,526 | -10.0% |
| Tangible fixed assets | 22/27 | €35,246 | €31,720 | -€3,526 | -10.0% |
| Land and buildings | 22 | €33,681 | €31,325 | -€2,357 | -7.0% |
| Plant, machinery and equipment | 23 | €1,565 | €395 | -€1,169 | -74.8% |
| Current assets | 29/58 | €14,449 | €13,978 | -€471 | -3.3% |
| Amounts receivable within one year | 40/41 | €7,349 | €172 | -€7,177 | -97.7% |
| Trade receivables | 40 | €7,349 | - | -€7,349 | |
| Other amounts receivable | 41 | - | €172 | +€172 | |
| Cash at bank and in hand | 54/58 | €6,216 | €12,899 | +€6,683 | +107.5% |
| Deferred charges and accrued income | 490/1 | €883 | €907 | +€24 | +2.7% |
| Total equity and liabilities | 10/49 | €49,695 | €45,697 | -€3,997 | -8.0% |
| Equity | 10/15 | €9,111 | €11,384 | +€2,273 | +24.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,111 | €9,384 | +€2,273 | +32.0% |
| Distributable reserves | 133 | €7,111 | €9,384 | +€2,273 | +32.0% |
| Amounts payable | 17/49 | €40,583 | €34,313 | -€6,270 | -15.5% |
| Amounts payable within one year | 42/48 | €40,583 | €34,313 | -€6,270 | -15.5% |
| Trade debts | 44 | €362 | €57 | -€305 | -84.4% |
| Suppliers | 440/4 | €362 | €57 | -€305 | -84.4% |
| Taxes, remuneration and social security | 45 | €3,726 | €2,502 | -€1,224 | -32.8% |
| Taxes | 450/3 | €3,726 | €2,502 | -€1,224 | -32.8% |
| Other amounts payable | 47/48 | €36,495 | €31,754 | -€4,741 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,072 | €3,526 | +€455 | +14.8% |
| Other operating charges | 640/8 | €334 | €1,150 | +€816 | +244.5% |
| Gross operating margin | 9900 | €10,335 | €8,149 | -€2,186 | -21.2% |
| Operating profit (loss) | 9901 | €6,929 | €3,472 | -€3,457 | -49.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €125 | €120 | -€5 | -4.3% |
| Recurring financial charges | 65 | €125 | €120 | -€5 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €6,804 | €3,353 | -€3,452 | -50.7% |
| Income taxes | 67/77 | €1,834 | €1,080 | -€754 | -41.1% |
| Profit (loss) for the period | 9904 | €4,971 | €2,273 | -€2,697 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,971 | €2,273 | -€2,697 | -54.3% |
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.