MY GALLERY: 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.
MY GALLERY
Largest movements
- Current investments +€1.2m
up €1.2m (+607%), from €201,559 to €1.4m
- Cash -€918,783
down €918,783 (-52.3%), from €1.8m to €839,161
mainly Current investments (-€1.2m) and Receivables after one year (-€214,436)
- Receivables after one year +€214,436
up €214,436 (+36.3%), from €590,209 to €804,646
- Receivables within one year +€36,402
up €36,402 (+115%), from €31,777 to €68,179
of which Other amounts receivable: +€34,282
- Reserves +€481,844
up €481,844 (+18.3%), from €2.6m to €3.1m
of which Distributable reserves: +€481,844
- Trade debts +€82,813
up €82,813 (+313%), from €26,459 to €109,272
- Gross operating margin -€54,516
down €54,516 (-6.2%), from €886,297 to €831,781
- Financial income +€51,464
up €51,464 (+6,597,994%), from €1 to €51,465
- Financial charges +€37,442
up €37,442 (+3,767%), from €994 to €38,436
- Taxes -€16,089
down €16,089 (-9.1%), from €177,781 to €161,691
- Staff costs +€9,659
up €9,659 (+5.9%), from €163,160 to €172,819
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 | €2,803,514 | €3,352,429 | +€548,915 | +19.6% |
| Fixed assets | 21/28 | €218,213 | €208,415 | -€9,797 | -4.5% |
| Intangible fixed assets | 21 | €156,379 | €146,070 | -€10,310 | -6.6% |
| Tangible fixed assets | 22/27 | €61,833 | €62,346 | +€512 | +0.8% |
| Plant, machinery and equipment | 23 | - | €1,169 | +€1,169 | |
| Furniture and vehicles | 24 | €31,630 | €22,641 | -€8,989 | -28.4% |
| Other tangible fixed assets | 26 | €30,204 | €38,536 | +€8,332 | +27.6% |
| Current assets | 29/58 | €2,585,302 | €3,144,014 | +€558,713 | +21.6% |
| Amounts receivable after more than one year | 29 | €590,209 | €804,646 | +€214,436 | +36.3% |
| Other amounts receivable | 291 | €590,209 | €804,646 | +€214,436 | +36.3% |
| Amounts receivable within one year | 40/41 | €31,777 | €68,179 | +€36,402 | +115% |
| Trade receivables | 40 | €4,969 | €7,089 | +€2,120 | +42.7% |
| Other amounts receivable | 41 | €26,808 | €61,090 | +€34,282 | +128% |
| Current investments | 50/53 | €201,559 | €1,425,115 | +€1.2m | +607% |
| Cash at bank and in hand | 54/58 | €1,757,944 | €839,161 | -€918,783 | -52.3% |
| Deferred charges and accrued income | 490/1 | €3,812 | €6,913 | +€3,101 | +81.4% |
| Total equity and liabilities | 10/49 | €2,803,514 | €3,352,429 | +€548,915 | +19.6% |
| Equity | 10/15 | €2,642,806 | €3,124,609 | +€481,804 | +18.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €2,630,765 | €3,112,609 | +€481,844 | +18.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €2,628,910 | €3,110,754 | +€481,844 | +18.3% |
| Profit (loss) carried forward | 14 | €41 | - | -€41 | |
| Amounts payable | 17/49 | €160,708 | €227,820 | +€67,112 | +41.8% |
| Amounts payable within one year | 42/48 | €160,708 | €227,820 | +€67,112 | +41.8% |
| Financial debts | 43 | - | €3,087 | +€3,087 | |
| Credit institutions | 430/8 | - | €3,087 | +€3,087 | |
| Trade debts | 44 | €26,459 | €109,272 | +€82,813 | +313% |
| Suppliers | 440/4 | €26,459 | €109,272 | +€82,813 | +313% |
| Taxes, remuneration and social security | 45 | €119,267 | €115,461 | -€3,806 | -3.2% |
| Taxes | 450/3 | €94,397 | €89,573 | -€4,824 | -5.1% |
| Remuneration and social security | 454/9 | €24,871 | €25,888 | +€1,017 | +4.1% |
| Other amounts payable | 47/48 | €14,982 | - | -€14,982 | |
| Remuneration, social security and pensions | 62 | €163,160 | €172,819 | +€9,659 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,587 | €26,248 | +€661 | +2.6% |
| Other operating charges | 640/8 | €2,386 | €2,248 | -€137 | -5.8% |
| Gross operating margin | 9900 | €886,297 | €831,781 | -€54,516 | -6.2% |
| Operating profit (loss) | 9901 | €695,164 | €630,466 | -€64,698 | -9.3% |
| Financial income | 75/76B | €1 | €51,465 | +€51,464 | +6,597,994% |
| Recurring financial income | 75 | €1 | €51,465 | +€51,464 | +6,597,994% |
| Financial charges | 65/66B | €994 | €38,436 | +€37,442 | +3,767% |
| Recurring financial charges | 65 | €994 | €38,436 | +€37,442 | +3,767% |
| Profit (loss) for the period before taxes | 9903 | €694,171 | €643,495 | -€50,676 | -7.3% |
| Income taxes | 67/77 | €177,781 | €161,691 | -€16,089 | -9.1% |
| Profit (loss) for the period | 9904 | €516,391 | €481,804 | -€34,587 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €516,391 | €481,804 | -€34,587 | -6.7% |
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 20 October 2026 via checked.be.