N°10: 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.
N°10
Largest movements
- Receivables within one year -€17,288
down €17,288 (-76.3%), from €22,657 to €5,369
of which Other amounts receivable: -€19,772
- Tangible fixed assets -€9,533
down €9,533 (-16.8%), from €56,840 to €47,307
of which Furniture and vehicles: -€8,145
- Cash -€3,671
down €3,671 (-5.4%), from €68,086 to €64,415
mainly Contributions, distributions and other (-€78,359) and Debts after one year (-€18,633)
- Reserves -€21,893
down €21,893 (-25.9%), from €84,503 to €62,610
- Debts after one year -€18,633
down €18,633 (-51.3%), from €36,314 to €17,681
- Tax, wage and social debts +€8,860
up €8,860 (+117%), from €7,550 to €16,410
of which Taxes: +€10,584
- Trade debts +€4,418
up €4,418 (+290%), from €1,521 to €5,939
- Current portion of long-term debt -€1,750
down €1,750 (-13.9%), from €12,547 to €10,797
- Gross operating margin +€42,817
up €42,817 (+95.2%), from €44,974 to €87,791
- Taxes +€10,013
up €10,013 (+133%), from €7,538 to €17,551
- Other operating charges -€1,333
down €1,333 (-38.4%), from €3,469 to €2,136
- Financial income -€954
down €954 (-82.3%), from €1,159 to €205
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 | €149,392 | €120,203 | -€29,189 | -19.5% |
| Fixed assets | 21/28 | €56,840 | €47,307 | -€9,533 | -16.8% |
| Tangible fixed assets | 22/27 | €56,840 | €47,307 | -€9,533 | -16.8% |
| Land and buildings | 22 | €9,658 | €8,270 | -€1,388 | -14.4% |
| Furniture and vehicles | 24 | €47,182 | €39,037 | -€8,145 | -17.3% |
| Current assets | 29/58 | €92,552 | €72,896 | -€19,656 | -21.2% |
| Amounts receivable within one year | 40/41 | €22,657 | €5,369 | -€17,288 | -76.3% |
| Trade receivables | 40 | €311 | €2,795 | +€2,484 | +799% |
| Other amounts receivable | 41 | €22,346 | €2,574 | -€19,772 | -88.5% |
| Cash at bank and in hand | 54/58 | €68,086 | €64,415 | -€3,671 | -5.4% |
| Deferred charges and accrued income | 490/1 | €1,809 | €3,112 | +€1,303 | +72.0% |
| Total equity and liabilities | 10/49 | €149,392 | €120,203 | -€29,189 | -19.5% |
| Equity | 10/15 | €89,503 | €67,610 | -€21,893 | -24.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,503 | €62,610 | -€21,893 | -25.9% |
| Distributable reserves | 133 | €84,503 | €62,610 | -€21,893 | -25.9% |
| Amounts payable | 17/49 | €59,889 | €52,593 | -€7,296 | -12.2% |
| Amounts payable after more than one year | 17 | €36,314 | €17,681 | -€18,633 | -51.3% |
| Financial debts | 170/4 | €36,314 | €17,681 | -€18,633 | -51.3% |
| Amounts payable within one year | 42/48 | €23,318 | €34,912 | +€11,594 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €12,547 | €10,797 | -€1,750 | -13.9% |
| Trade debts | 44 | €1,521 | €5,939 | +€4,418 | +290% |
| Suppliers | 440/4 | €1,521 | €5,939 | +€4,418 | +290% |
| Taxes, remuneration and social security | 45 | €7,550 | €16,410 | +€8,860 | +117% |
| Taxes | 450/3 | €5,826 | €16,410 | +€10,584 | +182% |
| Remuneration and social security | 454/9 | €1,724 | €0 | -€1,724 | -100% |
| Other amounts payable | 47/48 | €1,700 | €1,766 | +€66 | +3.9% |
| Accrued charges and deferred income | 492/3 | €257 | - | -€257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,749 | €9,533 | +€784 | +9.0% |
| Other operating charges | 640/8 | €3,469 | €2,136 | -€1,333 | -38.4% |
| Gross operating margin | 9900 | €44,974 | €87,791 | +€42,817 | +95.2% |
| Operating profit (loss) | 9901 | €32,756 | €76,122 | +€43,366 | +132% |
| Financial income | 75/76B | €1,159 | €205 | -€954 | -82.3% |
| Recurring financial income | 75 | €1,159 | €205 | -€954 | -82.3% |
| Financial charges | 65/66B | €2,583 | €2,310 | -€273 | -10.6% |
| Recurring financial charges | 65 | €2,583 | €2,310 | -€273 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €31,332 | €74,017 | +€42,685 | +136% |
| Income taxes | 67/77 | €7,538 | €17,551 | +€10,013 | +133% |
| Profit (loss) for the period | 9904 | €23,794 | €56,466 | +€32,672 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €23,794 | €56,466 | +€32,672 | +137% |
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 26 October 2026 via checked.be.