LIGNES ET COTES: 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.
LIGNES ET COTES
Largest movements
- Tangible fixed assets -€12,007
down €12,007 (-4.3%), from €279,606 to €267,599
- Cash -€5,090
down €5,090 (-40.1%), from €12,677 to €7,588
mainly Debts after one year (-€23,980) and Trade debts (-€847)
- Debts after one year -€23,980
down €23,980 (-19.3%), from €124,527 to €100,547
- Reserves +€6,128
up €6,128 (+19.8%), from €30,950 to €37,077
of which Distributable reserves: +€6,128
- Financial charges -€969
down €969 (-17.5%), from €5,523 to €4,554
- Gross operating margin -€702
down €702 (-2.4%), from €28,676 to €27,974
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 | €293,784 | €275,807 | -€17,976 | -6.1% |
| Fixed assets | 21/28 | €279,606 | €267,599 | -€12,007 | -4.3% |
| Tangible fixed assets | 22/27 | €279,606 | €267,599 | -€12,007 | -4.3% |
| Land and buildings | 22 | €279,606 | €267,599 | -€12,007 | -4.3% |
| Current assets | 29/58 | €14,178 | €8,208 | -€5,970 | -42.1% |
| Amounts receivable within one year | 40/41 | €908 | - | -€908 | |
| Trade receivables | 40 | €908 | - | -€908 | |
| Cash at bank and in hand | 54/58 | €12,677 | €7,588 | -€5,090 | -40.1% |
| Deferred charges and accrued income | 490/1 | €593 | €620 | +€27 | +4.6% |
| Total equity and liabilities | 10/49 | €293,784 | €275,807 | -€17,976 | -6.1% |
| Equity | 10/15 | €110,950 | €117,077 | +€6,128 | +5.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €30,950 | €37,077 | +€6,128 | +19.8% |
| Non-distributable reserves | 130/1 | €7,367 | €7,367 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,367 | €7,367 | = | 0.0% |
| Distributable reserves | 133 | €23,583 | €29,710 | +€6,128 | +26.0% |
| Amounts payable | 17/49 | €182,834 | €158,730 | -€24,104 | -13.2% |
| Amounts payable after more than one year | 17 | €124,527 | €100,547 | -€23,980 | -19.3% |
| Financial debts | 170/4 | €124,527 | €100,547 | -€23,980 | -19.3% |
| Amounts payable within one year | 42/48 | €57,307 | €57,183 | -€124 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €23,317 | €23,980 | +€663 | +2.8% |
| Trade debts | 44 | €3,645 | €2,798 | -€847 | -23.2% |
| Suppliers | 440/4 | €3,645 | €2,798 | -€847 | -23.2% |
| Taxes, remuneration and social security | 45 | €302 | €361 | +€60 | +19.7% |
| Taxes | 450/3 | €302 | €361 | +€60 | +19.7% |
| Other amounts payable | 47/48 | €30,043 | €30,043 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,995 | €12,007 | +€12 | +0.1% |
| Other operating charges | 640/8 | €2,352 | €2,426 | +€74 | +3.1% |
| Gross operating margin | 9900 | €28,676 | €27,974 | -€702 | -2.4% |
| Operating profit (loss) | 9901 | €14,329 | €13,541 | -€787 | -5.5% |
| Financial charges | 65/66B | €5,523 | €4,554 | -€969 | -17.5% |
| Recurring financial charges | 65 | €5,523 | €4,554 | -€969 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €8,806 | €8,987 | +€181 | +2.1% |
| Income taxes | 67/77 | €2,802 | €2,860 | +€58 | +2.1% |
| Profit (loss) for the period | 9904 | €6,004 | €6,128 | +€124 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,004 | €6,128 | +€124 | +2.1% |
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 21 October 2026 via checked.be.