La Balance: 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.
La Balance
Largest movements
- Tangible fixed assets -€22,587
down €22,587 (-3.3%), from €689,888 to €667,301
- Debts after one year -€42,314
down €42,314 (-12.9%), from €327,935 to €285,621
- Profit (loss) carried forward +€23,489
up €23,489 (+69.7%), from €33,701 to €57,189
- Other debts +€20,185
up €20,185 (+26.1%), from €77,361 to €97,546
- Reserves -€17,241
down €17,241 (-4.5%), from €383,027 to €365,786
of which Tax-exempt reserves: -€17,241
- Gross operating margin +€7,727
up €7,727 (+27.0%), from €28,632 to €36,360
- Financial charges -€1,554
down €1,554 (-12.3%), from €12,605 to €11,051
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 | €1,164,877 | €1,138,835 | -€26,042 | -2.2% |
| Fixed assets | 21/28 | €1,099,520 | €1,076,933 | -€22,587 | -2.1% |
| Tangible fixed assets | 22/27 | €689,888 | €667,301 | -€22,587 | -3.3% |
| Land and buildings | 22 | €689,888 | €667,301 | -€22,587 | -3.3% |
| Financial fixed assets | 28 | €409,632 | €409,632 | = | 0.0% |
| Current assets | 29/58 | €65,357 | €61,902 | -€3,455 | -5.3% |
| Cash at bank and in hand | 54/58 | €11,387 | €19,225 | +€7,839 | +68.8% |
| Deferred charges and accrued income | 490/1 | €53,970 | €42,677 | -€11,294 | -20.9% |
| Total equity and liabilities | 10/49 | €1,164,877 | €1,138,835 | -€26,042 | -2.2% |
| Equity | 10/15 | €541,988 | €548,236 | +€6,248 | +1.2% |
| Contributions | 10/11 | €75,260 | €75,260 | = | 0.0% |
| Capital | 10 | €75,260 | €75,260 | = | 0.0% |
| Issued capital | 100 | €75,260 | €75,260 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €383,027 | €365,786 | -€17,241 | -4.5% |
| Non-distributable reserves | 130/1 | €7,526 | €7,526 | = | 0.0% |
| Legal reserve | 130 | €7,526 | €7,526 | = | 0.0% |
| Tax-exempt reserves | 132 | €375,501 | €358,260 | -€17,241 | -4.6% |
| Profit (loss) carried forward | 14 | €33,701 | €57,189 | +€23,489 | +69.7% |
| Provisions and deferred taxes | 16 | €161,989 | €156,242 | -€5,747 | -3.5% |
| Deferred taxes | 168 | €161,989 | €156,242 | -€5,747 | -3.5% |
| Amounts payable | 17/49 | €460,900 | €434,357 | -€26,544 | -5.8% |
| Amounts payable after more than one year | 17 | €327,935 | €285,621 | -€42,314 | -12.9% |
| Financial debts | 170/4 | €327,935 | €285,621 | -€42,314 | -12.9% |
| Amounts payable within one year | 42/48 | €128,691 | €140,129 | +€11,438 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €42,314 | €42,314 | = | 0.0% |
| Trade debts | 44 | €9,015 | €269 | -€8,747 | -97.0% |
| Suppliers | 440/4 | €9,015 | €269 | -€8,747 | -97.0% |
| Other amounts payable | 47/48 | €77,361 | €97,546 | +€20,185 | +26.1% |
| Accrued charges and deferred income | 492/3 | €4,275 | €8,608 | +€4,332 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,587 | €22,587 | = | 0.0% |
| Other operating charges | 640/8 | €2,176 | €2,220 | +€44 | +2.0% |
| Gross operating margin | 9900 | €28,632 | €36,360 | +€7,727 | +27.0% |
| Operating profit (loss) | 9901 | €3,869 | €11,552 | +€7,683 | +199% |
| Financial charges | 65/66B | €12,605 | €11,051 | -€1,554 | -12.3% |
| Recurring financial charges | 65 | €12,605 | €11,051 | -€1,554 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,736 | €501 | +€9,237 | |
| Transfer from deferred taxes | 780 | €5,747 | €5,747 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€2,989 | €6,248 | +€9,237 | |
| Transfer from tax-exempt reserves | 789 | €17,241 | €17,241 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,252 | €23,489 | +€9,237 | +64.8% |
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 16 October 2026 via checked.be.