INFO NAVIGATOR: 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.
INFO NAVIGATOR
Largest movements
- Cash +€31,434
up €31,434 (+131.9%), from €23,834 to €55,268
mainly Current investments (+€25,000) and Net result for the year (+€22,112)
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Tangible fixed assets -€14,230
down €14,230 (-5.1%), from €279,778 to €265,548
of which Land and buildings: -€9,153
- Reserves +€22,000
up €22,000 (+8.2%), from €267,097 to €289,097
of which Distributable reserves: +€22,000
- Other debts -€14,773
down €14,773 (-98.4%), from €15,015 to €242
- Current portion of long-term debt -€11,099
no longer reported in 2025 (was €11,099)
- Trade debts -€5,658
down €5,658 (-97.0%), from €5,832 to €174
- Financial charges -€1,574
down €1,574 (-83.9%), from €1,876 to €302
- Taxes -€1,458
down €1,458 (-13.1%), from €11,128 to €9,670
- Financial income +€884
up €884 (+283.3%), from €312 to €1,196
- Gross operating margin +€837
up €837 (+1.8%), from €47,006 to €47,843
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 | €330,411 | €323,823 | -€6,588 | -2.0% |
| Fixed assets | 21/28 | €279,828 | €265,598 | -€14,230 | -5.1% |
| Tangible fixed assets | 22/27 | €279,778 | €265,548 | -€14,230 | -5.1% |
| Land and buildings | 22 | €257,066 | €247,913 | -€9,153 | -3.6% |
| Furniture and vehicles | 24 | €22,712 | €17,635 | -€5,077 | -22.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €50,583 | €58,225 | +€7,642 | +15.1% |
| Amounts receivable within one year | 40/41 | €732 | €388 | -€344 | -47.0% |
| Other amounts receivable | 41 | €732 | €388 | -€344 | -47.0% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €23,834 | €55,268 | +€31,434 | +131.9% |
| Deferred charges and accrued income | 490/1 | €1,017 | €2,569 | +€1,552 | +152.6% |
| Total equity and liabilities | 10/49 | €330,411 | €323,823 | -€6,588 | -2.0% |
| Equity | 10/15 | €295,098 | €317,210 | +€22,112 | +7.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €267,097 | €289,097 | +€22,000 | +8.2% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €797 | €797 | = | 0.0% |
| Distributable reserves | 133 | €263,800 | €285,800 | +€22,000 | +8.3% |
| Profit (loss) carried forward | 14 | €3,001 | €3,113 | +€112 | +3.7% |
| Amounts payable | 17/49 | €35,313 | €6,613 | -€28,700 | -81.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,313 | €6,613 | -€28,700 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | €11,099 | - | -€11,099 | |
| Trade debts | 44 | €5,832 | €174 | -€5,658 | -97.0% |
| Suppliers | 440/4 | €5,832 | €174 | -€5,658 | -97.0% |
| Taxes, remuneration and social security | 45 | €3,367 | €6,197 | +€2,830 | +84.1% |
| Taxes | 450/3 | €3,367 | €6,197 | +€2,830 | +84.1% |
| Other amounts payable | 47/48 | €15,015 | €242 | -€14,773 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,230 | €14,230 | = | 0.0% |
| Other operating charges | 640/8 | €2,772 | €2,725 | -€47 | -1.7% |
| Gross operating margin | 9900 | €47,006 | €47,843 | +€837 | +1.8% |
| Operating profit (loss) | 9901 | €30,004 | €30,888 | +€884 | +2.9% |
| Financial income | 75/76B | €312 | €1,196 | +€884 | +283.3% |
| Recurring financial income | 75 | €312 | €1,196 | +€884 | +283.3% |
| Financial charges | 65/66B | €1,876 | €302 | -€1,574 | -83.9% |
| Recurring financial charges | 65 | €1,876 | €302 | -€1,574 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €28,440 | €31,782 | +€3,342 | +11.8% |
| Income taxes | 67/77 | €11,128 | €9,670 | -€1,458 | -13.1% |
| Profit (loss) for the period | 9904 | €17,312 | €22,112 | +€4,800 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,312 | €22,112 | +€4,800 | +27.7% |
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 4 October 2026 via checked.be.