MISSION: 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.
MISSION
Largest movements
- Current investments +€135,000
up €135,000 (+135%), from €100,000 to €235,000
- Cash -€76,094
down €76,094 (-43.2%), from €176,080 to €99,986
mainly Current investments (-€135,000) and Debts after one year (-€90,901)
- Tangible fixed assets -€63,298
down €63,298 (-2.8%), from €2.3m to €2.2m
of which Land and buildings: -€51,465
- Debts after one year -€90,901
down €90,901 (-20.3%), from €446,866 to €355,965
of which Financial debts: -€90,901
- Reserves +€67,093
up €67,093 (+6.0%), from €1.1m to €1.2m
of which Distributable reserves: +€80,534
- Financial income +€65,555
up €65,555 (+1,289%), from €5,085 to €70,640
of which Financial income: +€64,689
- Gross operating margin -€64,963
down €64,963 (-29.4%), from €220,836 to €155,873
- Taxes -€16,939
down €16,939 (-76.6%), from €22,111 to €5,173
- Financial charges -€5,894
down €5,894 (-7.5%), from €79,112 to €73,218
- Depreciation +€4,067
up €4,067 (+5.6%), from €72,199 to €76,266
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.
Derived cash bridge
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 | €2,681,850 | €2,645,506 | -€36,344 | -1.4% |
| Fixed assets | 21/28 | €2,271,714 | €2,192,916 | -€78,798 | -3.5% |
| Tangible fixed assets | 22/27 | €2,256,214 | €2,192,916 | -€63,298 | -2.8% |
| Land and buildings | 22 | €2,200,245 | €2,148,781 | -€51,465 | -2.3% |
| Furniture and vehicles | 24 | €55,969 | €44,135 | -€11,834 | -21.1% |
| Financial fixed assets | 28 | €15,500 | €0 | -€15,500 | -100% |
| Current assets | 29/58 | €410,136 | €452,589 | +€42,454 | +10.4% |
| Stocks and contracts in progress | 3 | €96,863 | €96,863 | = | 0.0% |
| Stocks | 30/36 | €96,863 | €96,863 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,193 | €19,176 | -€18,017 | -48.4% |
| Trade receivables | 40 | €1,068 | €6,795 | +€5,727 | +536% |
| Other amounts receivable | 41 | €36,125 | €12,382 | -€23,744 | -65.7% |
| Current investments | 50/53 | €100,000 | €235,000 | +€135,000 | +135% |
| Cash at bank and in hand | 54/58 | €176,080 | €99,986 | -€76,094 | -43.2% |
| Deferred charges and accrued income | 490/1 | - | €1,564 | +€1,564 | |
| Total equity and liabilities | 10/49 | €2,681,850 | €2,645,506 | -€36,344 | -1.4% |
| Equity | 10/15 | €1,137,520 | €1,204,614 | +€67,093 | +5.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,118,970 | €1,186,064 | +€67,093 | +6.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €246,540 | €233,099 | -€13,440 | -5.5% |
| Distributable reserves | 133 | €872,431 | €952,965 | +€80,534 | +9.2% |
| Provisions and deferred taxes | 16 | €82,180 | €77,700 | -€4,480 | -5.5% |
| Deferred taxes | 168 | €82,180 | €77,700 | -€4,480 | -5.5% |
| Amounts payable | 17/49 | €1,462,150 | €1,363,192 | -€98,958 | -6.8% |
| Amounts payable after more than one year | 17 | €446,866 | €355,965 | -€90,901 | -20.3% |
| Financial debts | 170/4 | €446,866 | €355,965 | -€90,901 | -20.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €948,320 | €942,806 | -€5,514 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €88,774 | €90,901 | +€2,127 | +2.4% |
| Trade debts | 44 | €2,101 | €1,639 | -€462 | -22.0% |
| Suppliers | 440/4 | €2,101 | €1,639 | -€462 | -22.0% |
| Taxes, remuneration and social security | 45 | €7,532 | €6,248 | -€1,283 | -17.0% |
| Taxes | 450/3 | €7,532 | €6,248 | -€1,283 | -17.0% |
| Other amounts payable | 47/48 | €849,913 | €844,018 | -€5,896 | -0.7% |
| Accrued charges and deferred income | 492/3 | €66,964 | €64,421 | -€2,543 | -3.8% |
| Non-recurring operating income | 76A | - | €5,465 | +€5,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,199 | €76,266 | +€4,067 | +5.6% |
| Other operating charges | 640/8 | €8,867 | €9,242 | +€375 | +4.2% |
| Gross operating margin | 9900 | €220,836 | €155,873 | -€64,963 | -29.4% |
| Operating profit (loss) | 9901 | €139,770 | €70,364 | -€69,406 | -49.7% |
| Financial income | 75/76B | €5,085 | €70,640 | +€65,555 | +1,289% |
| Recurring financial income | 75 | €5,085 | €69,773 | +€64,689 | +1,272% |
| Non-recurring financial income | 76B | - | €866 | +€866 | |
| Financial charges | 65/66B | €79,112 | €73,218 | -€5,894 | -7.5% |
| Recurring financial charges | 65 | €79,112 | €73,218 | -€5,894 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €65,743 | €67,786 | +€2,043 | +3.1% |
| Transfer from deferred taxes | 780 | €4,480 | €4,480 | = | 0.0% |
| Income taxes | 67/77 | €22,111 | €5,173 | -€16,939 | -76.6% |
| Profit (loss) for the period | 9904 | €48,112 | €67,093 | +€18,981 | +39.5% |
| Transfer from tax-exempt reserves | 789 | €13,440 | €13,440 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,553 | €80,534 | +€18,981 | +30.8% |
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 18 October 2026 via checked.be.