KEY TECHNICS: what changed
KEY TECHNICS
Largest movements
- Cash +€17,251
up €17,251 (+12.7%), from €135,949 to €153,200
mainly Net result for the year (+€11,889) and Depreciation (+€7,174)
- Tangible fixed assets -€7,174
down €7,174 (-50.0%), from €14,348 to €7,174
- Reserves +€11,889
up €11,889 (+8.7%), from €136,577 to €148,466
- Tax, wage and social debts -€1,668
down €1,668 (-50.7%), from €3,292 to €1,624
- Other operating charges +€9,410
up €9,410 (+1,576%), from €597 to €10,007
- Gross operating margin +€4,485
up €4,485 (+15.6%), from €28,804 to €33,290
- Taxes -€1,525
down €1,525 (-21.6%), from €7,074 to €5,548
- Financial income +€477
up €477 (+50.9%), from €938 to €1,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,297 | €160,374 | +€10,077 | +6.7% |
| Fixed assets | 21/28 | €14,348 | €7,174 | -€7,174 | -50.0% |
| Tangible fixed assets | 22/27 | €14,348 | €7,174 | -€7,174 | -50.0% |
| Land and buildings | 22 | €14,348 | €7,174 | -€7,174 | -50.0% |
| Current assets | 29/58 | €135,949 | €153,200 | +€17,251 | +12.7% |
| Cash at bank and in hand | 54/58 | €135,949 | €153,200 | +€17,251 | +12.7% |
| Total equity and liabilities | 10/49 | €150,297 | €160,374 | +€10,077 | +6.7% |
| Equity | 10/15 | €142,777 | €154,666 | +€11,889 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,577 | €148,466 | +€11,889 | +8.7% |
| Distributable reserves | 133 | €136,577 | €148,466 | +€11,889 | +8.7% |
| Amounts payable | 17/49 | €7,520 | €5,708 | -€1,812 | -24.1% |
| Amounts payable within one year | 42/48 | €7,520 | €5,708 | -€1,812 | -24.1% |
| Taxes, remuneration and social security | 45 | €3,292 | €1,624 | -€1,668 | -50.7% |
| Taxes | 450/3 | €3,292 | €1,624 | -€1,668 | -50.7% |
| Other amounts payable | 47/48 | €4,228 | €4,084 | -€144 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,174 | €7,174 | = | 0.0% |
| Other operating charges | 640/8 | €597 | €10,007 | +€9,410 | +1,576% |
| Gross operating margin | 9900 | €28,804 | €33,290 | +€4,485 | +15.6% |
| Operating profit (loss) | 9901 | €21,033 | €16,109 | -€4,924 | -23.4% |
| Financial income | 75/76B | €938 | €1,415 | +€477 | +50.9% |
| Recurring financial income | 75 | €938 | €1,415 | +€477 | +50.9% |
| Financial charges | 65/66B | €75 | €87 | +€11 | +15.2% |
| Recurring financial charges | 65 | €75 | €87 | +€11 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €21,896 | €17,438 | -€4,459 | -20.4% |
| Income taxes | 67/77 | €7,074 | €5,548 | -€1,525 | -21.6% |
| Profit (loss) for the period | 9904 | €14,823 | €11,889 | -€2,933 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,823 | €11,889 | -€2,933 | -19.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.