INTO THE WILD: 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.
INTO THE WILD
Largest movements
- Receivables within one year +€128,192
up €128,192 (+154%), from €83,072 to €211,265
of which Trade receivables: +€175,000
- Deferred charges and accrued income +€84,500
new in 2025: €84,500
- Debts after one year -€413,500
down €413,500 (-10.4%), from €4.0m to €3.6m
of which Financial debts: -€214,284
- Reserves +€324,483
up €324,483 (+235%), from €137,978 to €462,461
of which Tax-exempt reserves: +€273,650
- Other debts +€245,000
up €245,000 (+233%), from €105,096 to €350,096
- Gross operating margin +€205,584
up €205,584 (+65.5%), from €313,725 to €519,309
- Financial charges +€12,037
up €12,037 (+12.0%), from €100,469 to €112,506
- Taxes +€10,409
up €10,409 (+14.7%), from €70,913 to €81,322
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.
Derived cash bridge
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 | €4,517,845 | €4,712,061 | +€194,216 | +4.3% |
| Fixed assets | 21/28 | €4,410,000 | €4,410,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,410,000 | €4,410,000 | = | 0.0% |
| Current assets | 29/58 | €107,845 | €302,061 | +€194,216 | +180% |
| Amounts receivable within one year | 40/41 | €83,072 | €211,265 | +€128,192 | +154% |
| Trade receivables | 40 | - | €175,000 | +€175,000 | |
| Other amounts receivable | 41 | €83,072 | €36,265 | -€46,808 | -56.3% |
| Cash at bank and in hand | 54/58 | €24,772 | €6,296 | -€18,476 | -74.6% |
| Deferred charges and accrued income | 490/1 | - | €84,500 | +€84,500 | |
| Total equity and liabilities | 10/49 | €4,517,845 | €4,712,061 | +€194,216 | +4.3% |
| Equity | 10/15 | €142,478 | €466,961 | +€324,483 | +228% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €137,978 | €462,461 | +€324,483 | +235% |
| Tax-exempt reserves | 132 | - | €273,650 | +€273,650 | |
| Distributable reserves | 133 | €137,978 | €188,811 | +€50,833 | +36.8% |
| Amounts payable | 17/49 | €4,375,366 | €4,245,100 | -€130,266 | -3.0% |
| Amounts payable after more than one year | 17 | €3,971,432 | €3,557,932 | -€413,500 | -10.4% |
| Financial debts | 170/4 | €1,071,432 | €857,148 | -€214,284 | -20.0% |
| Other amounts payable | 178/9 | €2,900,000 | €2,700,784 | -€199,216 | -6.9% |
| Amounts payable within one year | 42/48 | €353,044 | €636,249 | +€283,205 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €214,284 | €214,284 | = | 0.0% |
| Trade debts | 44 | €9,690 | €12,583 | +€2,893 | +29.9% |
| Suppliers | 440/4 | €9,690 | €12,583 | +€2,893 | +29.9% |
| Taxes, remuneration and social security | 45 | €23,973 | €59,285 | +€35,312 | +147% |
| Taxes | 450/3 | €23,973 | €59,285 | +€35,312 | +147% |
| Other amounts payable | 47/48 | €105,096 | €350,096 | +€245,000 | +233% |
| Accrued charges and deferred income | 492/3 | €50,890 | €50,919 | +€28 | +0.1% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €313,725 | €519,309 | +€205,584 | +65.5% |
| Operating profit (loss) | 9901 | €313,337 | €518,311 | +€204,973 | +65.4% |
| Financial charges | 65/66B | €100,469 | €112,506 | +€12,037 | +12.0% |
| Recurring financial charges | 65 | €100,469 | €112,506 | +€12,037 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €212,868 | €405,805 | +€192,936 | +90.6% |
| Income taxes | 67/77 | €70,913 | €81,322 | +€10,409 | +14.7% |
| Profit (loss) for the period | 9904 | €141,955 | €324,483 | +€182,527 | +129% |
| Transfer to tax-exempt reserves | 689 | - | €273,650 | +€273,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,955 | €50,833 | -€91,123 | -64.2% |
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 27 October 2026 via checked.be.