Main: 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.
Main
Largest movements
- Tangible fixed assets -€30,361
down €30,361 (-4.9%), from €614,679 to €584,318
- Profit (loss) carried forward -€13,804
down €13,804 (-21.8%), from -€63,366 to -€77,170
- Reserves -€12,257
down €12,257 (-4.2%), from €289,616 to €277,359
of which Tax-exempt reserves: -€12,257
- Other operating charges -€180
down €180 (-5.9%), from €3,031 to €2,851
- Gross operating margin -€157
down €157 (-4.8%), from €3,240 to €3,084
- Financial charges -€116
down €116 (-86.6%), from €134 to €18
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 | €615,985 | €584,742 | -€31,243 | -5.1% |
| Fixed assets | 21/28 | €615,076 | €584,715 | -€30,361 | -4.9% |
| Tangible fixed assets | 22/27 | €614,679 | €584,318 | -€30,361 | -4.9% |
| Land and buildings | 22 | €614,679 | €584,318 | -€30,361 | -4.9% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €909 | €27 | -€882 | -97.0% |
| Cash at bank and in hand | 54/58 | €909 | €27 | -€882 | -97.0% |
| Total equity and liabilities | 10/49 | €615,985 | €584,742 | -€31,243 | -5.1% |
| Equity | 10/15 | €238,448 | €212,387 | -€26,061 | -10.9% |
| Contributions | 10/11 | €12,197 | €12,197 | = | 0.0% |
| Reserves | 13 | €289,616 | €277,359 | -€12,257 | -4.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €287,757 | €275,500 | -€12,257 | -4.3% |
| Profit (loss) carried forward | 14 | -€63,366 | -€77,170 | -€13,804 | -21.8% |
| Provisions and deferred taxes | 16 | €87,903 | €83,817 | -€4,086 | -4.6% |
| Deferred taxes | 168 | €87,903 | €83,817 | -€4,086 | -4.6% |
| Amounts payable | 17/49 | €289,635 | €288,538 | -€1,096 | -0.4% |
| Amounts payable after more than one year | 17 | €288,997 | €287,845 | -€1,152 | -0.4% |
| Other amounts payable | 178/9 | €288,997 | €287,845 | -€1,152 | -0.4% |
| Amounts payable within one year | 42/48 | €637 | €693 | +€56 | +8.7% |
| Trade debts | 44 | €637 | €693 | +€56 | +8.7% |
| Suppliers | 440/4 | €637 | €693 | +€56 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,361 | €30,361 | = | 0.0% |
| Other operating charges | 640/8 | €3,031 | €2,851 | -€180 | -5.9% |
| Gross operating margin | 9900 | €3,240 | €3,084 | -€157 | -4.8% |
| Operating profit (loss) | 9901 | -€30,152 | -€30,129 | +€23 | +0.1% |
| Financial charges | 65/66B | €134 | €18 | -€116 | -86.6% |
| Recurring financial charges | 65 | €134 | €18 | -€116 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,286 | -€30,147 | +€140 | +0.5% |
| Transfer from deferred taxes | 780 | €4,086 | €4,086 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€26,201 | -€26,061 | +€140 | +0.5% |
| Transfer from tax-exempt reserves | 789 | €12,257 | €12,257 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,943 | -€13,804 | +€140 | +1.0% |
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 1 October 2026 via checked.be.