LEVEL01: 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.
LEVEL01
Largest movements
- Tangible fixed assets -€30,376
down €30,376 (-9.1%), from €335,024 to €304,649
- Cash -€7,596
down €7,596 (-16.7%), from €45,430 to €37,834
mainly Debts after one year (-€44,523) and Receivables within one year (-€1,754)
- Debts after one year -€44,523
down €44,523 (-33.9%), from €131,490 to €86,967
- Reserves +€6,204
up €6,204 (+12.3%), from €50,568 to €56,772
of which Distributable reserves: +€6,204
- Financial income -€7,964
down €7,964 (-82.9%), from €9,602 to €1,638
- Financial charges -€2,809
down €2,809 (-28.6%), from €9,808 to €6,999
- Taxes +€1,304
new in 2025: €1,304
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 | €494,137 | €457,615 | -€36,522 | -7.4% |
| Fixed assets | 21/28 | €340,024 | €309,649 | -€30,376 | -8.9% |
| Tangible fixed assets | 22/27 | €335,024 | €304,649 | -€30,376 | -9.1% |
| Land and buildings | 22 | €335,024 | €304,649 | -€30,376 | -9.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €154,113 | €147,967 | -€6,146 | -4.0% |
| Amounts receivable within one year | 40/41 | €2,811 | €4,565 | +€1,754 | +62.4% |
| Other amounts receivable | 41 | €2,811 | €4,565 | +€1,754 | +62.4% |
| Current investments | 50/53 | €105,525 | €105,559 | +€34 | 0.0% |
| Cash at bank and in hand | 54/58 | €45,430 | €37,834 | -€7,596 | -16.7% |
| Deferred charges and accrued income | 490/1 | €347 | €8 | -€338 | -97.6% |
| Total equity and liabilities | 10/49 | €494,137 | €457,615 | -€36,522 | -7.4% |
| Equity | 10/15 | €69,168 | €75,372 | +€6,204 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,568 | €56,772 | +€6,204 | +12.3% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €13,068 | €19,272 | +€6,204 | +47.5% |
| Amounts payable | 17/49 | €424,969 | €382,244 | -€42,726 | -10.1% |
| Amounts payable after more than one year | 17 | €131,490 | €86,967 | -€44,523 | -33.9% |
| Financial debts | 170/4 | €131,490 | €86,967 | -€44,523 | -33.9% |
| Amounts payable within one year | 42/48 | €292,810 | €294,771 | +€1,961 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €42,580 | €44,523 | +€1,943 | +4.6% |
| Trade debts | 44 | €230 | €248 | +€18 | +7.9% |
| Suppliers | 440/4 | €230 | €248 | +€18 | +7.9% |
| Other amounts payable | 47/48 | €250,000 | €250,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €670 | €506 | -€164 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,373 | €30,376 | +€3 | 0.0% |
| Other operating charges | 640/8 | €5,051 | €5,207 | +€156 | +3.1% |
| Gross operating margin | 9900 | €48,261 | €48,452 | +€190 | +0.4% |
| Operating profit (loss) | 9901 | €12,838 | €12,869 | +€31 | +0.2% |
| Financial income | 75/76B | €9,602 | €1,638 | -€7,964 | -82.9% |
| Recurring financial income | 75 | €9,602 | €1,638 | -€7,964 | -82.9% |
| Financial charges | 65/66B | €9,808 | €6,999 | -€2,809 | -28.6% |
| Recurring financial charges | 65 | €9,808 | €6,999 | -€2,809 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €12,631 | €7,508 | -€5,123 | -40.6% |
| Income taxes | 67/77 | - | €1,304 | +€1,304 | |
| Profit (loss) for the period | 9904 | €12,631 | €6,204 | -€6,427 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,631 | €6,204 | -€6,427 | -50.9% |
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 22 October 2026 via checked.be.