LOOKS: 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.
LOOKS
Largest movements
- Tangible fixed assets -€494,277
down €494,277 (-98.4%), from €502,505 to €8,228
of which Land and buildings: -€475,690
- Cash +€321,965
up €321,965 (+9193.2%), from €3,502 to €325,468
mainly Investment in fixed assets (net) (+€735,696) and Other debts (+€25,408)
- Financial fixed assets -€243,056
down €243,056 (-100.0%), from €243,056 to €0
- Debts after one year -€334,025
down €334,025 (-99.0%), from €337,496 to €3,471
of which Financial debts: -€329,863
- Reserves -€40,000
down €40,000 (-40.6%), from €98,500 to €58,500
of which Distributable reserves: -€40,000
- Current portion of long-term debt -€39,101
down €39,101 (-95.5%), from €40,947 to €1,846
- Other debts +€25,408
up €25,408 (+48.0%), from €52,918 to €78,326
- Trade debts -€14,170
down €14,170 (-56.4%), from €25,102 to €10,933
- Financial charges +€241,795
up €241,795 (+2340.4%), from €10,331 to €252,126
of which Non-recurring financial charges: +€243,056
- Gross operating margin +€227,819
up €227,819 (+286.6%), from €79,477 to €307,297
- Taxes +€44,389
up €44,389 (+430.1%), from €10,320 to €54,708
- Depreciation -€20,873
down €20,873 (-92.7%), from €22,509 to €1,637
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 | €763,712 | €350,972 | -€412,741 | -54.0% |
| Fixed assets | 21/28 | €745,560 | €8,228 | -€737,332 | -98.9% |
| Tangible fixed assets | 22/27 | €502,505 | €8,228 | -€494,277 | -98.4% |
| Land and buildings | 22 | €475,690 | €0 | -€475,690 | -100.0% |
| Plant, machinery and equipment | 23 | €22,456 | €0 | -€22,456 | -100.0% |
| Furniture and vehicles | 24 | - | €4,869 | +€4,869 | |
| Other tangible fixed assets | 26 | €4,359 | €3,359 | -€1,000 | -22.9% |
| Financial fixed assets | 28 | €243,056 | €0 | -€243,056 | -100.0% |
| Current assets | 29/58 | €18,152 | €342,743 | +€324,591 | +1788.2% |
| Amounts receivable within one year | 40/41 | €14,650 | €17,276 | +€2,626 | +17.9% |
| Trade receivables | 40 | €14,650 | €11,249 | -€3,401 | -23.2% |
| Other amounts receivable | 41 | €0 | €6,026 | +€6,026 | |
| Cash at bank and in hand | 54/58 | €3,502 | €325,468 | +€321,965 | +9193.2% |
| Total equity and liabilities | 10/49 | €763,712 | €350,972 | -€412,741 | -54.0% |
| Equity | 10/15 | €279,134 | €231,840 | -€47,294 | -16.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €98,500 | €58,500 | -€40,000 | -40.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €98,500 | €58,500 | -€40,000 | -40.6% |
| Profit (loss) carried forward | 14 | €160,174 | €152,880 | -€7,294 | -4.6% |
| Amounts payable | 17/49 | €484,578 | €119,131 | -€365,447 | -75.4% |
| Amounts payable after more than one year | 17 | €337,496 | €3,471 | -€334,025 | -99.0% |
| Financial debts | 170/4 | €333,333 | €3,471 | -€329,863 | -99.0% |
| Other amounts payable | 178/9 | €4,163 | €0 | -€4,163 | -100.0% |
| Amounts payable within one year | 42/48 | €141,532 | €112,431 | -€29,102 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €40,947 | €1,846 | -€39,101 | -95.5% |
| Trade debts | 44 | €25,102 | €10,933 | -€14,170 | -56.4% |
| Suppliers | 440/4 | €25,102 | €10,933 | -€14,170 | -56.4% |
| Taxes, remuneration and social security | 45 | €22,565 | €21,326 | -€1,239 | -5.5% |
| Taxes | 450/3 | €20,065 | €18,826 | -€1,239 | -6.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €52,918 | €78,326 | +€25,408 | +48.0% |
| Accrued charges and deferred income | 492/3 | €5,550 | €3,230 | -€2,320 | -41.8% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,152 | €1,581 | +€429 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,509 | €1,637 | -€20,873 | -92.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €873 | +€873 | |
| Other operating charges | 640/8 | €6,661 | €4,705 | -€1,956 | -29.4% |
| Gross operating margin | 9900 | €79,477 | €307,297 | +€227,819 | +286.6% |
| Operating profit (loss) | 9901 | €49,156 | €298,502 | +€249,346 | +507.3% |
| Financial income | 75/76B | - | €1,038 | +€1,038 | |
| Recurring financial income | 75 | - | €1,038 | +€1,038 | |
| Financial charges | 65/66B | €10,331 | €252,126 | +€241,795 | +2340.4% |
| Recurring financial charges | 65 | €10,331 | €9,070 | -€1,261 | -12.2% |
| Non-recurring financial charges | 66B | - | €243,056 | +€243,056 | |
| Profit (loss) for the period before taxes | 9903 | €38,825 | €47,414 | +€8,590 | +22.1% |
| Income taxes | 67/77 | €10,320 | €54,708 | +€44,389 | +430.1% |
| Profit (loss) for the period | 9904 | €28,505 | -€7,294 | -€35,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,505 | -€7,294 | -€35,799 |
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 8 October 2026 via checked.be.