KPI DATA: 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.
KPI DATA
Largest movements
- Receivables after one year -€189,100
down €189,100 (-75.9%), from €249,100 to €60,000
- Tangible fixed assets +€164,830
up €164,830 (+150%), from €109,636 to €274,465
of which Land and buildings: +€179,385
- Cash -€44,102
down €44,102 (-71.7%), from €61,514 to €17,412
mainly Investment in fixed assets (net) (-€184,718) and Contributions, distributions and other (-€50,365)
- Receivables within one year +€5,345
up €5,345 (+23.6%), from €22,627 to €27,972
of which Other amounts receivable: +€7,764
- Profit (loss) carried forward -€49,613
down €49,613 (-98.5%), from €50,365 to €751
- Debts after one year -€17,694
down €17,694 (-15.3%), from €115,408 to €97,714
- Trade debts +€7,651
up €7,651 (+302%), from €2,535 to €10,186
- Other debts -€5,139
down €5,139 (-64.2%), from €8,011 to €2,872
- Short-term financial debts +€5,000
new in 2025: €5,000
- Gross operating margin -€45,035
down €45,035 (-45.9%), from €98,147 to €53,112
- Other operating charges +€25,308
up €25,308 (+3,388%), from €747 to €26,055
- Taxes -€20,702
down €20,702 (-95.2%), from €21,750 to €1,048
- Financial income -€4,274
down €4,274 (-68.4%), from €6,244 to €1,970
- Depreciation +€1,049
up €1,049 (+5.6%), from €18,840 to €19,889
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 | €444,569 | €384,256 | -€60,313 | -13.6% |
| Fixed assets | 21/28 | €109,636 | €274,465 | +€164,830 | +150% |
| Tangible fixed assets | 22/27 | €109,636 | €274,465 | +€164,830 | +150% |
| Land and buildings | 22 | - | €179,385 | +€179,385 | |
| Plant, machinery and equipment | 23 | €7,782 | €6,755 | -€1,028 | -13.2% |
| Furniture and vehicles | 24 | €20,594 | €17,727 | -€2,867 | -13.9% |
| Other tangible fixed assets | 26 | €81,259 | €70,598 | -€10,661 | -13.1% |
| Current assets | 29/58 | €334,934 | €109,790 | -€225,143 | -67.2% |
| Amounts receivable after more than one year | 29 | €249,100 | €60,000 | -€189,100 | -75.9% |
| Other amounts receivable | 291 | €249,100 | €60,000 | -€189,100 | -75.9% |
| Amounts receivable within one year | 40/41 | €22,627 | €27,972 | +€5,345 | +23.6% |
| Trade receivables | 40 | €22,627 | €20,208 | -€2,419 | -10.7% |
| Other amounts receivable | 41 | - | €7,764 | +€7,764 | |
| Cash at bank and in hand | 54/58 | €61,514 | €17,412 | -€44,102 | -71.7% |
| Deferred charges and accrued income | 490/1 | €1,693 | €4,407 | +€2,714 | +160% |
| Total equity and liabilities | 10/49 | €444,569 | €384,256 | -€60,313 | -13.6% |
| Equity | 10/15 | €284,728 | €235,115 | -€49,613 | -17.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €233,864 | €233,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,529 | €17,529 | = | 0.0% |
| Distributable reserves | 133 | €216,285 | €216,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,365 | €751 | -€49,613 | -98.5% |
| Amounts payable | 17/49 | €159,841 | €149,141 | -€10,700 | -6.7% |
| Amounts payable after more than one year | 17 | €115,408 | €97,714 | -€17,694 | -15.3% |
| Financial debts | 170/4 | €115,408 | €97,714 | -€17,694 | -15.3% |
| Amounts payable within one year | 42/48 | €44,433 | €51,427 | +€6,994 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €18,119 | €18,289 | +€169 | +0.9% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €2,535 | €10,186 | +€7,651 | +302% |
| Suppliers | 440/4 | €2,535 | €10,186 | +€7,651 | +302% |
| Taxes, remuneration and social security | 45 | €15,767 | €15,081 | -€687 | -4.4% |
| Taxes | 450/3 | €15,767 | €15,081 | -€687 | -4.4% |
| Other amounts payable | 47/48 | €8,011 | €2,872 | -€5,139 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,840 | €19,889 | +€1,049 | +5.6% |
| Other operating charges | 640/8 | €747 | €26,055 | +€25,308 | +3,388% |
| Gross operating margin | 9900 | €98,147 | €53,112 | -€45,035 | -45.9% |
| Operating profit (loss) | 9901 | €78,561 | €7,169 | -€71,392 | -90.9% |
| Financial income | 75/76B | €6,244 | €1,970 | -€4,274 | -68.4% |
| Recurring financial income | 75 | €6,244 | €1,970 | -€4,274 | -68.4% |
| Financial charges | 65/66B | €6,628 | €7,340 | +€712 | +10.7% |
| Recurring financial charges | 65 | €6,628 | €7,340 | +€712 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €78,177 | €1,800 | -€76,377 | -97.7% |
| Income taxes | 67/77 | €21,750 | €1,048 | -€20,702 | -95.2% |
| Profit (loss) for the period | 9904 | €56,427 | €751 | -€55,676 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,427 | €751 | -€55,676 | -98.7% |
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 14 October 2026 via checked.be.