Local: 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.
Local
Largest movements
- Cash +€17,884
up €17,884 (+4.3%), from €417,727 to €435,611
mainly Net result for the year (+€10,905) and Receivables within one year (+€10,741)
- Receivables within one year -€10,741
down €10,741 (-99.2%), from €10,826 to €84
of which Other amounts receivable: -€9,941
- Reserves +€10,905
up €10,905 (+53.6%), from €20,348 to €31,252
- Other debts -€4,920
down €4,920 (-1.2%), from €405,815 to €400,895
- Gross operating margin +€31,138
up €31,138, from -€19,045 to €12,092
- Other operating charges -€632
down €632 (-61.2%), from €1,031 to €400
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 | €433,844 | €437,294 | +€3,450 | +0.8% |
| Fixed assets | 21/28 | €2,072 | €1,439 | -€633 | -30.6% |
| Tangible fixed assets | 22/27 | €1,372 | €739 | -€633 | -46.2% |
| Land and buildings | 22 | €1,372 | €739 | -€633 | -46.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €431,773 | €435,856 | +€4,083 | +0.9% |
| Amounts receivable within one year | 40/41 | €10,826 | €84 | -€10,741 | -99.2% |
| Trade receivables | 40 | €813 | €13 | -€801 | -98.4% |
| Other amounts receivable | 41 | €10,012 | €71 | -€9,941 | -99.3% |
| Cash at bank and in hand | 54/58 | €417,727 | €435,611 | +€17,884 | +4.3% |
| Deferred charges and accrued income | 490/1 | €3,221 | €160 | -€3,060 | -95.0% |
| Total equity and liabilities | 10/49 | €433,844 | €437,294 | +€3,450 | +0.8% |
| Equity | 10/15 | €22,848 | €33,752 | +€10,905 | +47.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,348 | €31,252 | +€10,905 | +53.6% |
| Distributable reserves | 133 | €20,348 | €31,252 | +€10,905 | +53.6% |
| Amounts payable | 17/49 | €410,997 | €403,542 | -€7,455 | -1.8% |
| Amounts payable within one year | 42/48 | €410,997 | €403,542 | -€7,455 | -1.8% |
| Trade debts | 44 | €2,185 | €53 | -€2,131 | -97.6% |
| Suppliers | 440/4 | €2,185 | €53 | -€2,131 | -97.6% |
| Taxes, remuneration and social security | 45 | €2,996 | €2,593 | -€403 | -13.5% |
| Taxes | 450/3 | €2,996 | €2,593 | -€403 | -13.5% |
| Other amounts payable | 47/48 | €405,815 | €400,895 | -€4,920 | -1.2% |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €633 | = | 0.0% |
| Other operating charges | 640/8 | €1,031 | €400 | -€632 | -61.2% |
| Gross operating margin | 9900 | -€19,045 | €12,092 | +€31,138 | |
| Operating profit (loss) | 9901 | -€20,710 | €11,060 | +€31,769 | |
| Financial charges | 65/66B | €157 | €155 | -€1 | -0.8% |
| Recurring financial charges | 65 | €157 | €155 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,866 | €10,905 | +€31,771 | |
| Profit (loss) for the period | 9904 | -€20,866 | €10,905 | +€31,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,866 | €10,905 | +€31,771 |
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 18 October 2026 via checked.be.