MAINLAND: 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.
MAINLAND
Largest movements
- Receivables within one year +€7,622
up €7,622 (+29.9%), from €25,467 to €33,089
of which Trade receivables: +€7,243
- Tangible fixed assets -€2,706
down €2,706 (-25.8%), from €10,479 to €7,773
of which Other tangible fixed assets: -€2,533
- Intangible fixed assets -€650
down €650 (-25.0%), from €2,600 to €1,950
- Other debts +€20,471
up €20,471 (+41.5%), from €49,274 to €69,745
- Profit (loss) carried forward -€17,536
down €17,536 (-40.1%), from -€43,725 to -€61,262
- Trade debts +€2,507
up €2,507 (+111.8%), from €2,242 to €4,749
- Investment grants -€859
down €859 (-25.0%), from €3,437 to €2,577
- Gross operating margin -€22,488
down €22,488, from €7,263 to -€15,226
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 | €42,671 | €46,892 | +€4,222 | +9.9% |
| Fixed assets | 21/28 | €17,129 | €13,773 | -€3,356 | -19.6% |
| Intangible fixed assets | 21 | €2,600 | €1,950 | -€650 | -25.0% |
| Tangible fixed assets | 22/27 | €10,479 | €7,773 | -€2,706 | -25.8% |
| Furniture and vehicles | 24 | €347 | €173 | -€173 | -50.0% |
| Other tangible fixed assets | 26 | €10,132 | €7,599 | -€2,533 | -25.0% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €25,541 | €33,119 | +€7,578 | +29.7% |
| Amounts receivable within one year | 40/41 | €25,467 | €33,089 | +€7,622 | +29.9% |
| Trade receivables | 40 | €9,935 | €17,178 | +€7,243 | +72.9% |
| Other amounts receivable | 41 | €15,532 | €15,911 | +€379 | +2.4% |
| Cash at bank and in hand | 54/58 | €75 | €31 | -€44 | -59.1% |
| Total equity and liabilities | 10/49 | €42,671 | €46,892 | +€4,222 | +9.9% |
| Equity | 10/15 | -€10,289 | -€28,684 | -€18,395 | -178.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,725 | -€61,262 | -€17,536 | -40.1% |
| Investment grants | 15 | €3,437 | €2,577 | -€859 | -25.0% |
| Provisions and deferred taxes | 16 | €1,443 | €1,083 | -€361 | -25.0% |
| Deferred taxes | 168 | €1,443 | €1,083 | -€361 | -25.0% |
| Amounts payable | 17/49 | €51,516 | €74,494 | +€22,978 | +44.6% |
| Amounts payable within one year | 42/48 | €51,516 | €74,494 | +€22,978 | +44.6% |
| Trade debts | 44 | €2,242 | €4,749 | +€2,507 | +111.8% |
| Suppliers | 440/4 | €2,242 | €4,749 | +€2,507 | +111.8% |
| Other amounts payable | 47/48 | €49,274 | €69,745 | +€20,471 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,356 | €3,356 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €45 | -€19 | -29.0% |
| Gross operating margin | 9900 | €7,263 | -€15,226 | -€22,488 | |
| Operating profit (loss) | 9901 | €3,842 | -€18,627 | -€22,470 | |
| Financial income | 75/76B | €859 | €859 | = | 0.0% |
| Recurring financial income | 75 | €859 | €859 | = | 0.0% |
| Financial charges | 65/66B | €77 | €129 | +€52 | +67.3% |
| Recurring financial charges | 65 | €77 | €129 | +€52 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €4,624 | -€17,897 | -€22,522 | |
| Transfer from deferred taxes | 780 | €361 | €361 | = | 0.0% |
| Profit (loss) for the period | 9904 | €4,985 | -€17,536 | -€22,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,985 | -€17,536 | -€22,522 |
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 5 October 2026 via checked.be.