Micro-Macro: 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.
Micro-Macro
Largest movements
- Tangible fixed assets +€135,766
up €135,766 (+130.6%), from €103,931 to €239,697
- Receivables within one year +€35,277
new in 2025: €35,277
- Cash -€21,609
down €21,609 (-97.7%), from €22,122 to €514
mainly Investment in fixed assets (net) (-€141,069) and Receivables within one year (-€35,277)
- Debts after one year +€102,395
up €102,395 (+116.6%), from €87,821 to €190,216
- Other debts +€20,912
up €20,912 (+172.4%), from €12,133 to €33,045
- Profit (loss) carried forward +€19,124
up €19,124 (+238.3%), from €8,025 to €27,149
- Tax, wage and social debts +€12,220
new in 2025: €12,220
- Current portion of long-term debt -€5,216
down €5,216 (-42.8%), from €12,176 to €6,960
- Gross operating margin -€19,929
down €19,929 (-26.6%), from €74,839 to €54,910
- Financial charges -€15,591
down €15,591 (-55.2%), from €28,262 to €12,670
- Taxes +€12,220
new in 2025: €12,220
- Other operating charges +€4,548
up €4,548 (+417.1%), from €1,090 to €5,638
- Depreciation +€2,682
up €2,682 (+102.3%), from €2,622 to €5,303
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 | €126,355 | €275,790 | +€149,434 | +118.3% |
| Fixed assets | 21/28 | €104,233 | €239,999 | +€135,766 | +130.3% |
| Tangible fixed assets | 22/27 | €103,931 | €239,697 | +€135,766 | +130.6% |
| Land and buildings | 22 | €103,931 | €239,697 | +€135,766 | +130.6% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €22,122 | €35,791 | +€13,668 | +61.8% |
| Amounts receivable within one year | 40/41 | - | €35,277 | +€35,277 | |
| Other amounts receivable | 41 | - | €35,277 | +€35,277 | |
| Cash at bank and in hand | 54/58 | €22,122 | €514 | -€21,609 | -97.7% |
| Total equity and liabilities | 10/49 | €126,355 | €275,790 | +€149,434 | +118.3% |
| Equity | 10/15 | €14,225 | €33,349 | +€19,124 | +134.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,025 | €27,149 | +€19,124 | +238.3% |
| Amounts payable | 17/49 | €112,131 | €242,441 | +€130,310 | +116.2% |
| Amounts payable after more than one year | 17 | €87,821 | €190,216 | +€102,395 | +116.6% |
| Financial debts | 170/4 | €87,821 | €190,216 | +€102,395 | +116.6% |
| Amounts payable within one year | 42/48 | €24,310 | €52,225 | +€27,916 | +114.8% |
| Current portion of amounts payable after more than one year | 42 | €12,176 | €6,960 | -€5,216 | -42.8% |
| Taxes, remuneration and social security | 45 | - | €12,220 | +€12,220 | |
| Taxes | 450/3 | - | €12,220 | +€12,220 | |
| Other amounts payable | 47/48 | €12,133 | €33,045 | +€20,912 | +172.4% |
| Non-recurring operating income | 76A | - | €99,312 | +€99,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,622 | €5,303 | +€2,682 | +102.3% |
| Other operating charges | 640/8 | €1,090 | €5,638 | +€4,548 | +417.1% |
| Gross operating margin | 9900 | €74,839 | €54,910 | -€19,929 | -26.6% |
| Operating profit (loss) | 9901 | €71,127 | €43,968 | -€27,158 | -38.2% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €28,262 | €12,670 | -€15,591 | -55.2% |
| Recurring financial charges | 65 | €28,262 | €12,670 | -€15,591 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €42,865 | €31,344 | -€11,521 | -26.9% |
| Income taxes | 67/77 | - | €12,220 | +€12,220 | |
| Profit (loss) for the period | 9904 | €42,865 | €19,124 | -€23,741 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,865 | €19,124 | -€23,741 | -55.4% |
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 11 October 2026 via checked.be.