KEY PATRI: 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.
KEY PATRI
Largest movements
- Tangible fixed assets -€41,070
down €41,070 (-8.0%), from €515,167 to €474,097
- Debts after one year -€33,484
down €33,484 (-23.3%), from €143,524 to €110,040
- Profit (loss) carried forward -€32,324
down €32,324 (-7.1%), from -€453,832 to -€486,156
- Other debts +€23,000
up €23,000 (+3.2%), from €728,205 to €751,205
- Gross operating margin -€5,189
down €5,189 (-14.7%), from €35,218 to €30,029
- Financial charges -€1,409
down €1,409 (-15.8%), from €8,911 to €7,502
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 | €519,415 | €478,089 | -€41,326 | -8.0% |
| Fixed assets | 21/28 | €515,667 | €474,597 | -€41,070 | -8.0% |
| Tangible fixed assets | 22/27 | €515,167 | €474,097 | -€41,070 | -8.0% |
| Land and buildings | 22 | €515,167 | €474,097 | -€41,070 | -8.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,748 | €3,492 | -€255 | -6.8% |
| Amounts receivable within one year | 40/41 | €507 | €507 | = | 0.0% |
| Trade receivables | 40 | €507 | €507 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,665 | €1,330 | -€335 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,575 | €1,655 | +€80 | +5.1% |
| Total equity and liabilities | 10/49 | €519,415 | €478,089 | -€41,326 | -8.0% |
| Equity | 10/15 | -€387,786 | -€420,110 | -€32,324 | -8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,046 | €4,046 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,046 | €4,046 | = | 0.0% |
| Legal reserve | 130 | €4,046 | €4,046 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€453,832 | -€486,156 | -€32,324 | -7.1% |
| Amounts payable | 17/49 | €907,200 | €898,199 | -€9,001 | -1.0% |
| Amounts payable after more than one year | 17 | €143,524 | €110,040 | -€33,484 | -23.3% |
| Financial debts | 170/4 | €143,524 | €110,040 | -€33,484 | -23.3% |
| Amounts payable within one year | 42/48 | €763,676 | €788,159 | +€24,483 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €34,606 | €36,207 | +€1,601 | +4.6% |
| Trade debts | 44 | €865 | €358 | -€508 | -58.7% |
| Suppliers | 440/4 | €865 | €358 | -€508 | -58.7% |
| Taxes, remuneration and social security | 45 | €0 | €389 | +€389 | |
| Taxes | 450/3 | €0 | €389 | +€389 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €728,205 | €751,205 | +€23,000 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,240 | €41,070 | -€169 | -0.4% |
| Other operating charges | 640/8 | €13,707 | €13,781 | +€74 | +0.5% |
| Gross operating margin | 9900 | €35,218 | €30,029 | -€5,189 | -14.7% |
| Operating profit (loss) | 9901 | -€19,728 | -€24,822 | -€5,094 | -25.8% |
| Financial charges | 65/66B | €8,911 | €7,502 | -€1,409 | -15.8% |
| Recurring financial charges | 65 | €8,911 | €7,502 | -€1,409 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,639 | -€32,324 | -€3,685 | -12.9% |
| Profit (loss) for the period | 9904 | -€28,639 | -€32,324 | -€3,685 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,639 | -€32,324 | -€3,685 | -12.9% |
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 29 October 2026 via checked.be.