LABEL: 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.
LABEL
Largest movements
- Tangible fixed assets -€15,277
down €15,277 (-3.8%), from €404,522 to €389,245
of which Land and buildings: -€14,487
- Profit (loss) carried forward -€19,565
down €19,565 (-5622.1%), from -€348 to -€19,913
- Short-term financial debts +€9,239
up €9,239 (+154.1%), from €5,995 to €15,234
- Other debts +€6,427
up €6,427 (+11.2%), from €57,540 to €63,967
- Debts after one year -€6,396
down €6,396 (-17.6%), from €36,247 to €29,851
- Trade debts -€5,106
down €5,106 (-63.1%), from €8,087 to €2,981
- Financial income +€1,999
new in 2025: €1,999
of which Financial income: +€1,999
- Gross operating margin +€1,894
up €1,894 (+53.6%), from -€3,533 to -€1,639
- Financial charges +€1,407
up €1,407 (+79.5%), from €1,769 to €3,176
- Other operating charges -€983
down €983 (-40.4%), from €2,436 to €1,453
- Depreciation -€972
down €972 (-6.0%), from €16,249 to €15,277
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,522 | €389,245 | -€15,277 | -3.8% |
| Fixed assets | 21/28 | €404,522 | €389,245 | -€15,277 | -3.8% |
| Tangible fixed assets | 22/27 | €404,522 | €389,245 | -€15,277 | -3.8% |
| Land and buildings | 22 | €402,152 | €387,665 | -€14,487 | -3.6% |
| Furniture and vehicles | 24 | €2,370 | €1,580 | -€790 | -33.3% |
| Total equity and liabilities | 10/49 | €404,522 | €389,245 | -€15,277 | -3.8% |
| Equity | 10/15 | €286,549 | €266,984 | -€19,565 | -6.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | - | -€6,250 | |
| Issued capital | 100 | €18,750 | - | -€18,750 | |
| Uncalled capital | 101 | €12,500 | - | -€12,500 | |
| Revaluation surpluses | 12 | €273,122 | €273,122 | = | 0.0% |
| Reserves | 13 | €7,525 | €7,525 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | - | -€1,875 | |
| Reserves not available under the articles | 1311 | - | €1,875 | +€1,875 | |
| Tax-exempt reserves | 132 | €5,650 | €5,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€348 | -€19,913 | -€19,565 | -5622.1% |
| Amounts payable | 17/49 | €117,973 | €122,261 | +€4,288 | +3.6% |
| Amounts payable after more than one year | 17 | €36,247 | €29,851 | -€6,396 | -17.6% |
| Financial debts | 170/4 | €36,247 | €29,851 | -€6,396 | -17.6% |
| Amounts payable within one year | 42/48 | €81,457 | €92,410 | +€10,953 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €9,835 | €10,228 | +€393 | +4.0% |
| Financial debts | 43 | €5,995 | €15,234 | +€9,239 | +154.1% |
| Credit institutions | 430/8 | €5,995 | €15,234 | +€9,239 | +154.1% |
| Trade debts | 44 | €8,087 | €2,981 | -€5,106 | -63.1% |
| Suppliers | 440/4 | €8,087 | €2,981 | -€5,106 | -63.1% |
| Other amounts payable | 47/48 | €57,540 | €63,967 | +€6,427 | +11.2% |
| Accrued charges and deferred income | 492/3 | €269 | - | -€269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,249 | €15,277 | -€972 | -6.0% |
| Other operating charges | 640/8 | €2,436 | €1,453 | -€983 | -40.4% |
| Non-recurring operating charges | 66A | €125 | €19 | -€106 | -84.8% |
| Gross operating margin | 9900 | -€3,533 | -€1,639 | +€1,894 | +53.6% |
| Operating profit (loss) | 9901 | -€22,343 | -€18,388 | +€3,955 | +17.7% |
| Financial income | 75/76B | - | €1,999 | +€1,999 | |
| Recurring financial income | 75 | - | €1,999 | +€1,999 | |
| Non-recurring financial income | 76B | - | €1,999 | +€1,999 | |
| Financial charges | 65/66B | €1,769 | €3,176 | +€1,407 | +79.5% |
| Recurring financial charges | 65 | €1,769 | €3,176 | +€1,407 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,112 | -€19,565 | +€4,547 | +18.9% |
| Profit (loss) for the period | 9904 | -€24,112 | -€19,565 | +€4,547 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,112 | -€19,565 | +€4,547 | +18.9% |
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 12 October 2026 via checked.be.