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
- Receivables within one year -€33,800
no longer reported in 2025 (was €33,800)
- Tangible fixed assets -€19,816
down €19,816 (-15.3%), from €129,130 to €109,313
of which Land and buildings: -€10,770
- Cash -€7,501
down €7,501 (-7.5%), from €99,971 to €92,470
mainly Contributions, distributions and other (-€249,118) and Net result for the year (-€18,152)
- Contributions -€249,118
down €249,118 (-55.5%), from €449,118 to €200,000
- Other debts +€205,841
new in 2025: €205,841
- Profit (loss) carried forward -€18,152
down €18,152 (-8.3%), from -€217,605 to -€235,757
- Gross operating margin +€14,726
up €14,726, from -€11,939 to €2,787
- Financial income +€661
up €661 (+506.8%), from €130 to €791
- Other operating charges +€426
up €426 (+48.2%), from €883 to €1,309
- Depreciation -€255
down €255 (-1.3%), from €20,071 to €19,816
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 | €264,245 | €202,177 | -€62,069 | -23.5% |
| Fixed assets | 21/28 | €129,130 | €109,313 | -€19,816 | -15.3% |
| Tangible fixed assets | 22/27 | €129,130 | €109,313 | -€19,816 | -15.3% |
| Land and buildings | 22 | €118,475 | €107,704 | -€10,770 | -9.1% |
| Furniture and vehicles | 24 | €9,033 | €528 | -€8,505 | -94.2% |
| Other tangible fixed assets | 26 | €1,622 | €1,081 | -€541 | -33.3% |
| Current assets | 29/58 | €135,116 | €92,863 | -€42,253 | -31.3% |
| Amounts receivable within one year | 40/41 | €33,800 | - | -€33,800 | |
| Other amounts receivable | 41 | €33,800 | - | -€33,800 | |
| Cash at bank and in hand | 54/58 | €99,971 | €92,470 | -€7,501 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,345 | €393 | -€952 | -70.8% |
| Total equity and liabilities | 10/49 | €264,245 | €202,177 | -€62,069 | -23.5% |
| Equity | 10/15 | €262,513 | -€4,757 | -€267,270 | |
| Contributions | 10/11 | €449,118 | €200,000 | -€249,118 | -55.5% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,605 | -€235,757 | -€18,152 | -8.3% |
| Amounts payable | 17/49 | €1,733 | €206,934 | +€205,202 | +11843.4% |
| Amounts payable within one year | 42/48 | €1,733 | €206,934 | +€205,202 | +11843.4% |
| Trade debts | 44 | €1,384 | €333 | -€1,051 | -75.9% |
| Suppliers | 440/4 | €1,384 | €333 | -€1,051 | -75.9% |
| Taxes, remuneration and social security | 45 | €349 | €760 | +€411 | +117.8% |
| Taxes | 450/3 | €349 | €760 | +€411 | +117.8% |
| Other amounts payable | 47/48 | - | €205,841 | +€205,841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,071 | €19,816 | -€255 | -1.3% |
| Other operating charges | 640/8 | €883 | €1,309 | +€426 | +48.2% |
| Gross operating margin | 9900 | -€11,939 | €2,787 | +€14,726 | |
| Operating profit (loss) | 9901 | -€32,893 | -€18,338 | +€14,555 | +44.2% |
| Financial income | 75/76B | €130 | €791 | +€661 | +506.8% |
| Recurring financial income | 75 | €130 | €791 | +€661 | +506.8% |
| Financial charges | 65/66B | €107 | €145 | +€38 | +35.3% |
| Recurring financial charges | 65 | €107 | €145 | +€38 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,870 | -€17,692 | +€15,178 | +46.2% |
| Income taxes | 67/77 | €388 | €460 | +€72 | +18.7% |
| Profit (loss) for the period | 9904 | -€33,258 | -€18,152 | +€15,105 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,258 | -€18,152 | +€15,105 | +45.4% |
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 28 September 2026 via checked.be.