Know Why: what changed
Know Why
Largest movements
- Cash +€136,626
up €136,626 (+1,399%), from €9,768 to €146,394
mainly Other debts (+€83,713) and Receivables after one year (+€55,895)
- Receivables after one year -€55,895
down €55,895 (-44.3%), from €126,266 to €70,371
- Tangible fixed assets -€9,518
down €9,518 (-7.5%), from €126,134 to €116,617
of which Land and buildings: -€7,414
- Other debts +€83,713
up €83,713 (+44.3%), from €189,045 to €272,757
- Debts after one year -€6,459
down €6,459 (-5.9%), from €109,532 to €103,073
- Profit (loss) carried forward -€5,988
down €5,988 (-10.4%), from -€57,822 to -€63,810
- Gross operating margin +€18,101
up €18,101, from -€6,820 to €11,281
- Other operating charges -€1,441
down €1,441 (-60.5%), from €2,379 to €939
- Taxes +€1,263
new in 2025: €1,263
- Depreciation +€710
up €710 (+5.9%), from €11,936 to €12,646
- Financial charges +€648
up €648 (+36.6%), from €1,774 to €2,422
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 | €267,542 | €339,355 | +€71,813 | +26.8% |
| Fixed assets | 21/28 | €128,339 | €118,221 | -€10,118 | -7.9% |
| Intangible fixed assets | 21 | €2,204 | €1,604 | -€600 | -27.2% |
| Tangible fixed assets | 22/27 | €126,134 | €116,617 | -€9,518 | -7.5% |
| Land and buildings | 22 | €121,131 | €113,717 | -€7,414 | -6.1% |
| Furniture and vehicles | 24 | €4,726 | €2,900 | -€1,826 | -38.6% |
| Other tangible fixed assets | 26 | €277 | - | -€277 | |
| Current assets | 29/58 | €139,203 | €221,134 | +€81,931 | +58.9% |
| Amounts receivable after more than one year | 29 | €126,266 | €70,371 | -€55,895 | -44.3% |
| Other amounts receivable | 291 | €126,266 | €70,371 | -€55,895 | -44.3% |
| Amounts receivable within one year | 40/41 | €3,169 | €4,369 | +€1,199 | +37.8% |
| Trade receivables | 40 | €1,889 | €3,647 | +€1,758 | +93.0% |
| Other amounts receivable | 41 | €1,280 | €722 | -€558 | -43.6% |
| Cash at bank and in hand | 54/58 | €9,768 | €146,394 | +€136,626 | +1,399% |
| Total equity and liabilities | 10/49 | €267,542 | €339,355 | +€71,813 | +26.8% |
| Equity | 10/15 | -€37,362 | -€43,350 | -€5,988 | -16.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,822 | -€63,810 | -€5,988 | -10.4% |
| Amounts payable | 17/49 | €304,904 | €382,705 | +€77,801 | +25.5% |
| Amounts payable after more than one year | 17 | €109,532 | €103,073 | -€6,459 | -5.9% |
| Financial debts | 170/4 | €109,532 | €103,073 | -€6,459 | -5.9% |
| Amounts payable within one year | 42/48 | €195,372 | €279,632 | +€84,260 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €6,327 | €6,459 | +€132 | +2.1% |
| Taxes, remuneration and social security | 45 | - | €415 | +€415 | |
| Taxes | 450/3 | - | €415 | +€415 | |
| Other amounts payable | 47/48 | €189,045 | €272,757 | +€83,713 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,936 | €12,646 | +€710 | +5.9% |
| Other operating charges | 640/8 | €2,379 | €939 | -€1,441 | -60.5% |
| Gross operating margin | 9900 | -€6,820 | €11,281 | +€18,101 | |
| Operating profit (loss) | 9901 | -€21,135 | -€2,303 | +€18,832 | +89.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,774 | €2,422 | +€648 | +36.6% |
| Recurring financial charges | 65 | €1,774 | €2,422 | +€648 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,908 | -€4,726 | +€18,183 | +79.4% |
| Income taxes | 67/77 | - | €1,263 | +€1,263 | |
| Profit (loss) for the period | 9904 | -€22,908 | -€5,988 | +€16,920 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,908 | -€5,988 | +€16,920 | +73.9% |
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 8 November 2026 via checked.be.