Irreverence: 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.
Irreverence
Largest movements
- Tangible fixed assets -€41,894
down €41,894 (-8.4%), from €498,738 to €456,845
- Cash -€21,942
down €21,942 (-44.6%), from €49,148 to €27,206
mainly Contributions, distributions and other (-€139,750) and Debts after one year (-€32,407)
- Receivables within one year -€6,083
down €6,083 (-29.7%), from €20,497 to €14,414
of which Trade receivables: -€7,393
- Reserves -€67,750
no longer reported in 2025 (was €67,750)
- Debts after one year -€32,407
down €32,407 (-7.8%), from €414,711 to €382,304
- Other debts +€31,318
up €31,318 (+101.5%), from €30,870 to €62,188
- Gross operating margin +€7,213
up €7,213 (+5.1%), from €141,906 to €149,119
- Taxes +€4,823
up €4,823 (+22.1%), from €21,867 to €26,690
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 | €568,524 | €498,756 | -€69,767 | -12.3% |
| Fixed assets | 21/28 | €498,738 | €456,845 | -€41,894 | -8.4% |
| Tangible fixed assets | 22/27 | €498,738 | €456,845 | -€41,894 | -8.4% |
| Land and buildings | 22 | €333,790 | €313,466 | -€20,323 | -6.1% |
| Plant, machinery and equipment | 23 | €2,696 | €1,929 | -€767 | -28.4% |
| Furniture and vehicles | 24 | €57,986 | €43,317 | -€14,669 | -25.3% |
| Other tangible fixed assets | 26 | €104,267 | €98,133 | -€6,134 | -5.9% |
| Current assets | 29/58 | €69,785 | €41,912 | -€27,874 | -39.9% |
| Amounts receivable within one year | 40/41 | €20,497 | €14,414 | -€6,083 | -29.7% |
| Trade receivables | 40 | €20,497 | €13,104 | -€7,393 | -36.1% |
| Other amounts receivable | 41 | - | €1,310 | +€1,310 | |
| Cash at bank and in hand | 54/58 | €49,148 | €27,206 | -€21,942 | -44.6% |
| Deferred charges and accrued income | 490/1 | €140 | €292 | +€152 | +108.5% |
| Total equity and liabilities | 10/49 | €568,524 | €498,756 | -€69,767 | -12.3% |
| Equity | 10/15 | €77,750 | €9,483 | -€68,267 | -87.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,750 | - | -€67,750 | |
| Distributable reserves | 133 | €67,750 | - | -€67,750 | |
| Profit (loss) carried forward | 14 | - | -€517 | -€517 | |
| Amounts payable | 17/49 | €490,774 | €489,274 | -€1,500 | -0.3% |
| Amounts payable after more than one year | 17 | €414,711 | €382,304 | -€32,407 | -7.8% |
| Financial debts | 170/4 | €414,711 | €382,304 | -€32,407 | -7.8% |
| Amounts payable within one year | 42/48 | €72,877 | €103,829 | +€30,952 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €31,799 | €32,407 | +€608 | +1.9% |
| Trade debts | 44 | €1,059 | €366 | -€693 | -65.5% |
| Suppliers | 440/4 | €1,059 | €366 | -€693 | -65.5% |
| Taxes, remuneration and social security | 45 | €9,148 | €8,868 | -€281 | -3.1% |
| Taxes | 450/3 | €9,148 | €8,868 | -€281 | -3.1% |
| Other amounts payable | 47/48 | €30,870 | €62,188 | +€31,318 | +101.5% |
| Accrued charges and deferred income | 492/3 | €3,187 | €3,141 | -€46 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,682 | €41,894 | +€212 | +0.5% |
| Other operating charges | 640/8 | €3,046 | €3,146 | +€100 | +3.3% |
| Gross operating margin | 9900 | €141,906 | €149,119 | +€7,213 | +5.1% |
| Operating profit (loss) | 9901 | €97,179 | €104,079 | +€6,901 | +7.1% |
| Financial income | 75/76B | €15 | €1 | -€14 | -95.1% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -95.1% |
| Financial charges | 65/66B | €6,051 | €5,907 | -€144 | -2.4% |
| Recurring financial charges | 65 | €6,051 | €5,907 | -€144 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €91,142 | €98,173 | +€7,031 | +7.7% |
| Income taxes | 67/77 | €21,867 | €26,690 | +€4,823 | +22.1% |
| Profit (loss) for the period | 9904 | €69,275 | €71,483 | +€2,208 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,275 | €71,483 | +€2,208 | +3.2% |
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 7 October 2026 via checked.be.