InTheRealWorld: what changed
Two financial 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.
InTheRealWorld
Largest movements
- Tangible fixed assets +€82,166
up €82,166 (+29.4%), from €279,062 to €361,227
of which Land and buildings: +€46,082
- Cash +€11,546
up €11,546 (+8.5%), from €135,616 to €147,162
mainly Net result for the year (+€55,701) and Debts after one year (+€34,435)
- Reserves +€50,701
up €50,701 (+25.2%), from €201,536 to €252,237
- Debts after one year +€34,435
up €34,435 (+17.4%), from €198,133 to €232,568
- Trade debts +€10,609
up €10,609 (+656.0%), from €1,617 to €12,226
- Other debts -€7,612
down €7,612 (-40.8%), from €18,657 to €11,046
- Gross operating margin -€11,396
down €11,396 (-9.3%), from €122,813 to €111,418
- Financial charges +€4,498
up €4,498 (+85.2%), from €5,277 to €9,775
- Depreciation -€3,717
down €3,717 (-14.4%), from €25,888 to €22,171
- Taxes -€3,688
down €3,688 (-16.8%), from €21,980 to €18,292
- Staff costs +€2,456
up €2,456 (+118.1%), from €2,080 to €4,536
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 | €431,060 | €526,260 | +€95,200 | +22.1% |
| Fixed assets | 21/28 | €279,062 | €361,427 | +€82,366 | +29.5% |
| Tangible fixed assets | 22/27 | €279,062 | €361,227 | +€82,166 | +29.4% |
| Land and buildings | 22 | €263,595 | €309,677 | +€46,082 | +17.5% |
| Plant, machinery and equipment | 23 | €14,797 | €44,874 | +€30,077 | +203.3% |
| Furniture and vehicles | 24 | €670 | €6,676 | +€6,007 | +896.8% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €151,998 | €164,832 | +€12,834 | +8.4% |
| Amounts receivable within one year | 40/41 | €16,383 | €17,671 | +€1,288 | +7.9% |
| Trade receivables | 40 | €14,859 | €17,671 | +€2,812 | +18.9% |
| Other amounts receivable | 41 | €1,524 | €0 | -€1,524 | -100.0% |
| Cash at bank and in hand | 54/58 | €135,616 | €147,162 | +€11,546 | +8.5% |
| Total equity and liabilities | 10/49 | €431,060 | €526,260 | +€95,200 | +22.1% |
| Equity | 10/15 | €201,636 | €252,337 | +€50,701 | +25.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €201,536 | €252,237 | +€50,701 | +25.2% |
| Distributable reserves | 133 | €201,536 | €252,237 | +€50,701 | +25.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €229,424 | €273,923 | +€44,499 | +19.4% |
| Amounts payable after more than one year | 17 | €198,133 | €232,568 | +€34,435 | +17.4% |
| Financial debts | 170/4 | €198,133 | €232,568 | +€34,435 | +17.4% |
| Amounts payable within one year | 42/48 | €31,291 | €41,355 | +€10,063 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €9,867 | €13,565 | +€3,698 | +37.5% |
| Trade debts | 44 | €1,617 | €12,226 | +€10,609 | +656.0% |
| Suppliers | 440/4 | €1,617 | €12,226 | +€10,609 | +656.0% |
| Taxes, remuneration and social security | 45 | €1,150 | €4,518 | +€3,369 | +293.0% |
| Taxes | 450/3 | €1,150 | €4,267 | +€3,117 | +271.1% |
| Remuneration and social security | 454/9 | - | €251 | +€251 | |
| Other amounts payable | 47/48 | €18,657 | €11,046 | -€7,612 | -40.8% |
| Remuneration, social security and pensions | 62 | €2,080 | €4,536 | +€2,456 | +118.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,888 | €22,171 | -€3,717 | -14.4% |
| Other operating charges | 640/8 | €721 | €967 | +€247 | +34.2% |
| Gross operating margin | 9900 | €122,813 | €111,418 | -€11,396 | -9.3% |
| Operating profit (loss) | 9901 | €94,124 | €83,743 | -€10,381 | -11.0% |
| Financial income | 75/76B | €1 | €25 | +€24 | +2758.0% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +2758.0% |
| Financial charges | 65/66B | €5,277 | €9,775 | +€4,498 | +85.2% |
| Recurring financial charges | 65 | €5,277 | €9,775 | +€4,498 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €88,848 | €73,993 | -€14,855 | -16.7% |
| Income taxes | 67/77 | €21,980 | €18,292 | -€3,688 | -16.8% |
| Profit (loss) for the period | 9904 | €66,868 | €55,701 | -€11,167 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,868 | €55,701 | -€11,167 | -16.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.