INTUITION: 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.
INTUITION
Largest movements
- Tangible fixed assets -€17,018
down €17,018 (-5.9%), from €286,364 to €269,347
of which Land and buildings: -€13,268
- Receivables within one year -€3,008
down €3,008 (-24.4%), from €12,331 to €9,323
of which Trade receivables: -€2,108
- Debts after one year -€14,683
down €14,683 (-5.9%), from €248,161 to €233,478
of which Financial debts: -€8,221
- Revaluation surpluses -€8,768
down €8,768 (-5.6%), from €157,818 to €149,051
- Reserves +€8,768
up €8,768 (+33.3%), from €26,303 to €35,071
- Trade debts -€4,234
down €4,234 (-78.0%), from €5,432 to €1,197
- Gross operating margin +€4,294
up €4,294 (+20.6%), from €20,844 to €25,138
- Depreciation -€1,924
down €1,924 (-10.2%), from €18,941 to €17,018
- Other operating charges +€539
up €539 (+42.2%), from €1,276 to €1,815
- Financial charges -€524
down €524 (-12.6%), from €4,158 to €3,633
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 | €300,235 | €282,394 | -€17,841 | -5.9% |
| Fixed assets | 21/28 | €286,364 | €269,347 | -€17,018 | -5.9% |
| Tangible fixed assets | 22/27 | €286,364 | €269,347 | -€17,018 | -5.9% |
| Land and buildings | 22 | €260,196 | €246,929 | -€13,268 | -5.1% |
| Plant, machinery and equipment | 23 | €26,168 | €22,418 | -€3,750 | -14.3% |
| Current assets | 29/58 | €13,871 | €13,047 | -€824 | -5.9% |
| Amounts receivable within one year | 40/41 | €12,331 | €9,323 | -€3,008 | -24.4% |
| Trade receivables | 40 | €7,176 | €5,067 | -€2,108 | -29.4% |
| Other amounts receivable | 41 | €5,155 | €4,256 | -€899 | -17.4% |
| Cash at bank and in hand | 54/58 | €1,540 | €3,724 | +€2,184 | +141.8% |
| Total equity and liabilities | 10/49 | €300,235 | €282,394 | -€17,841 | -5.9% |
| Equity | 10/15 | €35,948 | €38,620 | +€2,672 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €157,818 | €149,051 | -€8,768 | -5.6% |
| Reserves | 13 | €26,303 | €35,071 | +€8,768 | +33.3% |
| Distributable reserves | 133 | €26,303 | €35,071 | +€8,768 | +33.3% |
| Profit (loss) carried forward | 14 | -€166,773 | -€164,101 | +€2,672 | +1.6% |
| Amounts payable | 17/49 | €264,287 | €243,774 | -€20,513 | -7.8% |
| Amounts payable after more than one year | 17 | €248,161 | €233,478 | -€14,683 | -5.9% |
| Financial debts | 170/4 | €48,195 | €39,974 | -€8,221 | -17.1% |
| Other amounts payable | 178/9 | €199,966 | €193,504 | -€6,462 | -3.2% |
| Amounts payable within one year | 42/48 | €16,126 | €10,295 | -€5,830 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €6,620 | €8,098 | +€1,478 | +22.3% |
| Financial debts | 43 | €2,047 | €0 | -€2,047 | -100.0% |
| Credit institutions | 430/8 | €2,047 | €0 | -€2,047 | -100.0% |
| Trade debts | 44 | €5,432 | €1,197 | -€4,234 | -78.0% |
| Suppliers | 440/4 | €5,432 | €1,197 | -€4,234 | -78.0% |
| Taxes, remuneration and social security | 45 | €2,027 | €1,000 | -€1,027 | -50.7% |
| Taxes | 450/3 | €1,027 | €0 | -€1,027 | -100.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,941 | €17,018 | -€1,924 | -10.2% |
| Other operating charges | 640/8 | €1,276 | €1,815 | +€539 | +42.2% |
| Gross operating margin | 9900 | €20,844 | €25,138 | +€4,294 | +20.6% |
| Operating profit (loss) | 9901 | €626 | €6,305 | +€5,679 | +907.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,158 | €3,633 | -€524 | -12.6% |
| Recurring financial charges | 65 | €4,158 | €3,633 | -€524 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,532 | €2,672 | +€6,204 | |
| Profit (loss) for the period | 9904 | -€3,532 | €2,672 | +€6,204 | |
| Transfer from tax-exempt reserves | 789 | €8,768 | €8,768 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,236 | €11,440 | +€6,204 | +118.5% |
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 3 October 2026 via checked.be.