LEAN & MEAN: what changed
Two fiscal 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.
LEAN & MEAN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year +€42,862
up €42,862 (+5.5%), from €786,268 to €829,131
- Profit (loss) carried forward -€28,570
down €28,570 (-18.7%), from -€152,520 to -€181,090
- Current portion of long-term debt -€24,863
down €24,863 (-62.1%), from €40,028 to €15,165
- Gross operating margin +€7,187
up €7,187, from -€5,438 to €1,749
- Financial charges +€1,923
up €1,923 (+5.2%), from €37,035 to €38,958
- Financial income -€1,345
down €1,345 (-12.8%), from €10,503 to €9,159
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
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 | €727,009 | €719,305 | -€7,703 | -1.1% |
| Fixed assets | 21/28 | €714,257 | €708,670 | -€5,588 | -0.8% |
| Financial fixed assets | 28 | €714,257 | €708,670 | -€5,588 | -0.8% |
| Current assets | 29/58 | €12,752 | €10,636 | -€2,116 | -16.6% |
| Cash at bank and in hand | 54/58 | €2,248 | €1,477 | -€771 | -34.3% |
| Deferred charges and accrued income | 490/1 | €10,503 | €9,159 | -€1,345 | -12.8% |
| Total equity and liabilities | 10/49 | €727,009 | €719,305 | -€7,703 | -1.1% |
| Equity | 10/15 | -€133,920 | -€162,490 | -€28,570 | -21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,520 | -€181,090 | -€28,570 | -18.7% |
| Amounts payable | 17/49 | €860,929 | €881,795 | +€20,867 | +2.4% |
| Amounts payable after more than one year | 17 | €786,268 | €829,131 | +€42,862 | +5.5% |
| Financial debts | 170/4 | €786,268 | €829,131 | +€42,862 | +5.5% |
| Amounts payable within one year | 42/48 | €40,028 | €15,165 | -€24,863 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €40,028 | €15,165 | -€24,863 | -62.1% |
| Accrued charges and deferred income | 492/3 | €34,633 | €37,500 | +€2,867 | +8.3% |
| Non-recurring operating income | 76A | - | €7,825 | +€7,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€5,438 | €1,749 | +€7,187 | |
| Operating profit (loss) | 9901 | -€5,944 | €1,229 | +€7,173 | |
| Financial income | 75/76B | €10,503 | €9,159 | -€1,345 | -12.8% |
| Recurring financial income | 75 | €10,503 | €9,159 | -€1,345 | -12.8% |
| Financial charges | 65/66B | €37,035 | €38,958 | +€1,923 | +5.2% |
| Recurring financial charges | 65 | €37,035 | €38,958 | +€1,923 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,476 | -€28,570 | +€3,906 | +12.0% |
| Profit (loss) for the period | 9904 | -€32,476 | -€28,570 | +€3,906 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,476 | -€28,570 | +€3,906 | +12.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.