LIVE NOW: 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.
LIVE NOW
Largest movements
- Tangible fixed assets +€3.8m
up €3.8m (+183.5%), from €2.1m to €5.8m
of which Land and buildings: +€3.8m
- Debts after one year +€1.7m
up €1.7m (+158.3%), from €1.1m to €2.8m
- Contributions +€1.7m
up €1.7m (+471.4%), from €350,000 to €2.0m
- Reserves +€230,543
up €230,543 (+33.4%), from €690,874 to €921,417
- Current portion of long-term debt +€200,000
up €200,000 (+181.8%), from €110,000 to €310,000
- Gross operating margin +€77,569
up €77,569 (+17.8%), from €436,411 to €513,980
- Depreciation -€50,609
down €50,609 (-33.8%), from €149,554 to €98,945
- Taxes +€31,402
up €31,402 (+44.3%), from €70,886 to €102,287
- Financial charges +€17,027
up €17,027 (+36.1%), from €47,222 to €64,249
- Other operating charges +€9,752
up €9,752 (+90.2%), from €10,808 to €20,560
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 | €2,308,161 | €6,124,733 | +€3.8m | +165.4% |
| Fixed assets | 21/28 | €2,062,514 | €5,848,168 | +€3.8m | +183.5% |
| Tangible fixed assets | 22/27 | €2,062,514 | €5,848,168 | +€3.8m | +183.5% |
| Land and buildings | 22 | €2,020,337 | €5,815,216 | +€3.8m | +187.8% |
| Plant, machinery and equipment | 23 | - | €2,519 | +€2,519 | |
| Furniture and vehicles | 24 | €42,177 | €30,434 | -€11,743 | -27.8% |
| Current assets | 29/58 | €245,647 | €276,565 | +€30,918 | +12.6% |
| Amounts receivable within one year | 40/41 | €52,555 | €54,338 | +€1,783 | +3.4% |
| Trade receivables | 40 | €49,208 | €50,991 | +€1,783 | +3.6% |
| Other amounts receivable | 41 | €3,346 | €3,346 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €191,011 | €221,778 | +€30,767 | +16.1% |
| Deferred charges and accrued income | 490/1 | €2,082 | €449 | -€1,632 | -78.4% |
| Total equity and liabilities | 10/49 | €2,308,161 | €6,124,733 | +€3.8m | +165.4% |
| Equity | 10/15 | €1,040,874 | €2,921,417 | +€1.9m | +180.7% |
| Contributions | 10/11 | €350,000 | €2,000,000 | +€1.7m | +471.4% |
| Reserves | 13 | €690,874 | €921,417 | +€230,543 | +33.4% |
| Distributable reserves | 133 | €690,874 | €921,417 | +€230,543 | +33.4% |
| Amounts payable | 17/49 | €1,267,286 | €3,203,316 | +€1.9m | +152.8% |
| Amounts payable after more than one year | 17 | €1,067,500 | €2,757,500 | +€1.7m | +158.3% |
| Financial debts | 170/4 | €1,067,500 | €2,757,500 | +€1.7m | +158.3% |
| Amounts payable within one year | 42/48 | €176,747 | €363,232 | +€186,485 | +105.5% |
| Current portion of amounts payable after more than one year | 42 | €110,000 | €310,000 | +€200,000 | +181.8% |
| Trade debts | 44 | €3,803 | €3,596 | -€208 | -5.5% |
| Suppliers | 440/4 | €3,803 | €3,596 | -€208 | -5.5% |
| Taxes, remuneration and social security | 45 | €35,088 | €49,636 | +€14,548 | +41.5% |
| Taxes | 450/3 | €35,088 | €49,636 | +€14,548 | +41.5% |
| Other amounts payable | 47/48 | €27,855 | - | -€27,855 | |
| Accrued charges and deferred income | 492/3 | €23,040 | €82,584 | +€59,544 | +258.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,554 | €98,945 | -€50,609 | -33.8% |
| Other operating charges | 640/8 | €10,808 | €20,560 | +€9,752 | +90.2% |
| Gross operating margin | 9900 | €436,411 | €513,980 | +€77,569 | +17.8% |
| Operating profit (loss) | 9901 | €276,049 | €394,475 | +€118,426 | +42.9% |
| Financial income | 75/76B | €5,774 | €2,604 | -€3,170 | -54.9% |
| Recurring financial income | 75 | €5,774 | €2,604 | -€3,170 | -54.9% |
| Financial charges | 65/66B | €47,222 | €64,249 | +€17,027 | +36.1% |
| Recurring financial charges | 65 | €47,222 | €64,249 | +€17,027 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €234,601 | €332,830 | +€98,229 | +41.9% |
| Income taxes | 67/77 | €70,886 | €102,287 | +€31,402 | +44.3% |
| Profit (loss) for the period | 9904 | €163,716 | €230,543 | +€66,827 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €163,716 | €230,543 | +€66,827 | +40.8% |
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 10 October 2026 via checked.be.