MOVING UP: 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.
MOVING UP
Largest movements
- Cash +€11,473
up €11,473 (+19.5%), from €58,791 to €70,263
mainly Net result for the year (+€36,529) and Depreciation (+€25,266)
- Tangible fixed assets +€10,530
up €10,530 (+2.4%), from €436,992 to €447,522
of which Furniture and vehicles: +€28,242
- Profit (loss) carried forward +€33,588
up €33,588 (+68.3%), from €49,194 to €82,782
- Debts after one year -€18,411
down €18,411 (-4.7%), from €394,676 to €376,264
- Trade debts +€6,674
new in 2025: €6,674
- Gross operating margin +€9,837
up €9,837 (+13.8%), from €71,433 to €81,269
- Depreciation +€7,445
up €7,445 (+41.8%), from €17,821 to €25,266
- Taxes +€3,342
up €3,342 (+53.6%), from €6,233 to €9,575
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 | €501,603 | €523,085 | +€21,482 | +4.3% |
| Fixed assets | 21/28 | €436,992 | €447,522 | +€10,530 | +2.4% |
| Tangible fixed assets | 22/27 | €436,992 | €447,522 | +€10,530 | +2.4% |
| Land and buildings | 22 | €426,718 | €411,507 | -€15,212 | -3.6% |
| Furniture and vehicles | 24 | €7,774 | €36,015 | +€28,242 | +363.3% |
| Assets under construction and advance payments | 27 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €64,611 | €75,563 | +€10,952 | +17.0% |
| Amounts receivable within one year | 40/41 | €5,225 | €4,905 | -€320 | -6.1% |
| Trade receivables | 40 | €5,225 | €4,905 | -€320 | -6.1% |
| Cash at bank and in hand | 54/58 | €58,791 | €70,263 | +€11,473 | +19.5% |
| Deferred charges and accrued income | 490/1 | €596 | €395 | -€201 | -33.7% |
| Total equity and liabilities | 10/49 | €501,603 | €523,085 | +€21,482 | +4.3% |
| Equity | 10/15 | €79,194 | €112,782 | +€33,588 | +42.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,194 | €82,782 | +€33,588 | +68.3% |
| Amounts payable | 17/49 | €422,409 | €410,303 | -€12,106 | -2.9% |
| Amounts payable after more than one year | 17 | €394,676 | €376,264 | -€18,411 | -4.7% |
| Financial debts | 170/4 | €394,676 | €376,264 | -€18,411 | -4.7% |
| Amounts payable within one year | 42/48 | €25,984 | €34,039 | +€8,055 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €18,068 | €18,411 | +€344 | +1.9% |
| Trade debts | 44 | - | €6,674 | +€6,674 | |
| Suppliers | 440/4 | - | €6,674 | +€6,674 | |
| Taxes, remuneration and social security | 45 | €7,733 | €6,916 | -€817 | -10.6% |
| Taxes | 450/3 | €7,733 | €6,916 | -€817 | -10.6% |
| Other amounts payable | 47/48 | €183 | €2,038 | +€1,855 | +1012.0% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,821 | €25,266 | +€7,445 | +41.8% |
| Other operating charges | 640/8 | €1,164 | €1,946 | +€782 | +67.2% |
| Gross operating margin | 9900 | €71,433 | €81,269 | +€9,837 | +13.8% |
| Operating profit (loss) | 9901 | €52,447 | €54,057 | +€1,610 | +3.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,197 | €7,954 | +€757 | +10.5% |
| Recurring financial charges | 65 | €7,197 | €7,954 | +€757 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €45,252 | €46,104 | +€852 | +1.9% |
| Income taxes | 67/77 | €6,233 | €9,575 | +€3,342 | +53.6% |
| Profit (loss) for the period | 9904 | €39,019 | €36,529 | -€2,490 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,019 | €36,529 | -€2,490 | -6.4% |
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 8 October 2026 via checked.be.