INDICES: 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.
INDICES
Largest movements
- Cash +€15,621
up €15,621 (+11.1%), from €141,361 to €156,983
mainly Debts after one year (+€35,323) and Net result for the year (+€29,885)
- Tangible fixed assets -€10,488
down €10,488 (-7.3%), from €143,036 to €132,548
- Receivables within one year +€6,898
up €6,898 (+80.1%), from €8,608 to €15,506
of which Trade receivables: +€5,448
- Other debts -€41,201
down €41,201 (-66.0%), from €62,451 to €21,251
- Debts after one year +€35,323
up €35,323 (+57.9%), from €60,989 to €96,312
of which Other amounts payable: +€50,000
- Reserves +€20,000
up €20,000 (+16.5%), from €120,914 to €140,914
of which Distributable reserves: +€20,000
- Current portion of long-term debt -€4,217
down €4,217 (-22.3%), from €18,894 to €14,677
- Gross operating margin -€11,717
down €11,717 (-18.3%), from €64,103 to €52,386
- Depreciation -€3,867
down €3,867 (-26.9%), from €14,355 to €10,488
- Financial charges -€2,543
down €2,543 (-48.0%), from €5,294 to €2,751
- Financial income +€2,111
up €2,111 (+513.3%), from €411 to €2,522
- Taxes +€1,529
up €1,529 (+18.0%), from €8,492 to €10,022
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 | €296,404 | €308,391 | +€11,988 | +4.0% |
| Fixed assets | 21/28 | €143,036 | €132,548 | -€10,488 | -7.3% |
| Tangible fixed assets | 22/27 | €143,036 | €132,548 | -€10,488 | -7.3% |
| Land and buildings | 22 | €131,515 | €126,750 | -€4,765 | -3.6% |
| Furniture and vehicles | 24 | €7,307 | €2,188 | -€5,119 | -70.1% |
| Other tangible fixed assets | 26 | €4,214 | €3,610 | -€604 | -14.3% |
| Current assets | 29/58 | €153,368 | €175,844 | +€22,476 | +14.7% |
| Amounts receivable within one year | 40/41 | €8,608 | €15,506 | +€6,898 | +80.1% |
| Trade receivables | 40 | €7,358 | €12,806 | +€5,448 | +74.0% |
| Other amounts receivable | 41 | €1,250 | €2,700 | +€1,450 | +116.0% |
| Cash at bank and in hand | 54/58 | €141,361 | €156,983 | +€15,621 | +11.1% |
| Deferred charges and accrued income | 490/1 | €3,398 | €3,355 | -€44 | -1.3% |
| Total equity and liabilities | 10/49 | €296,404 | €308,391 | +€11,988 | +4.0% |
| Equity | 10/15 | €127,287 | €147,173 | +€19,885 | +15.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €120,914 | €140,914 | +€20,000 | +16.5% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,039 | €55,039 | = | 0.0% |
| Distributable reserves | 133 | €64,000 | €84,000 | +€20,000 | +31.3% |
| Profit (loss) carried forward | 14 | €123 | €8 | -€115 | -93.3% |
| Provisions and deferred taxes | 16 | €18,346 | €18,346 | = | 0.0% |
| Deferred taxes | 168 | €18,346 | €18,346 | = | 0.0% |
| Amounts payable | 17/49 | €150,770 | €142,873 | -€7,897 | -5.2% |
| Amounts payable after more than one year | 17 | €60,989 | €96,312 | +€35,323 | +57.9% |
| Financial debts | 170/4 | €47,789 | €33,112 | -€14,677 | -30.7% |
| Other amounts payable | 178/9 | €13,200 | €63,200 | +€50,000 | +378.8% |
| Amounts payable within one year | 42/48 | €89,781 | €44,886 | -€44,896 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €18,894 | €14,677 | -€4,217 | -22.3% |
| Trade debts | 44 | €1,977 | €4,312 | +€2,335 | +118.1% |
| Suppliers | 440/4 | €1,977 | €4,312 | +€2,335 | +118.1% |
| Taxes, remuneration and social security | 45 | €6,460 | €4,646 | -€1,813 | -28.1% |
| Taxes | 450/3 | €6,460 | €4,646 | -€1,813 | -28.1% |
| Other amounts payable | 47/48 | €62,451 | €21,251 | -€41,201 | -66.0% |
| Accrued charges and deferred income | 492/3 | - | €1,675 | +€1,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,355 | €10,488 | -€3,867 | -26.9% |
| Other operating charges | 640/8 | €2,538 | €1,761 | -€776 | -30.6% |
| Non-recurring operating charges | 66A | €1,164 | - | -€1,164 | |
| Gross operating margin | 9900 | €64,103 | €52,386 | -€11,717 | -18.3% |
| Operating profit (loss) | 9901 | €46,046 | €40,136 | -€5,910 | -12.8% |
| Financial income | 75/76B | €411 | €2,522 | +€2,111 | +513.3% |
| Recurring financial income | 75 | €411 | €2,522 | +€2,111 | +513.3% |
| Financial charges | 65/66B | €5,294 | €2,751 | -€2,543 | -48.0% |
| Recurring financial charges | 65 | €5,294 | €2,751 | -€2,543 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €41,163 | €39,907 | -€1,256 | -3.1% |
| Income taxes | 67/77 | €8,492 | €10,022 | +€1,529 | +18.0% |
| Profit (loss) for the period | 9904 | €32,671 | €29,885 | -€2,785 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,671 | €29,885 | -€2,785 | -8.5% |
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 28 September 2026 via checked.be.