NEW CG: 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.
NEW CG
Largest movements
- Cash -€3,749
down €3,749 (-5.6%), from €66,902 to €63,153
mainly Net result for the year (-€6,685) and Trade debts (-€81)
- Tangible fixed assets -€3,017
down €3,017 (-11.6%), from €26,115 to €23,098
of which Land and buildings: -€2,611
- Profit (loss) carried forward -€6,685
down €6,685 (-4.9%), from €135,066 to €128,381
- Gross operating margin +€792
up €792 (+27.2%), from -€2,908 to -€2,116
- Other operating charges -€266
down €266 (-18.8%), from €1,416 to €1,150
- Financial charges +€194
up €194 (+93.6%), from €208 to €402
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 | €171,963 | €165,197 | -€6,766 | -3.9% |
| Fixed assets | 21/28 | €51,759 | €48,742 | -€3,017 | -5.8% |
| Tangible fixed assets | 22/27 | €26,115 | €23,098 | -€3,017 | -11.6% |
| Land and buildings | 22 | €24,492 | €21,880 | -€2,611 | -10.7% |
| Other tangible fixed assets | 26 | €1,623 | €1,218 | -€406 | -25.0% |
| Financial fixed assets | 28 | €25,644 | €25,644 | = | 0.0% |
| Current assets | 29/58 | €120,204 | €116,455 | -€3,749 | -3.1% |
| Amounts receivable within one year | 40/41 | €53,302 | €53,302 | = | 0.0% |
| Other amounts receivable | 41 | €53,302 | €53,302 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,902 | €63,153 | -€3,749 | -5.6% |
| Total equity and liabilities | 10/49 | €171,963 | €165,197 | -€6,766 | -3.9% |
| Equity | 10/15 | €170,672 | €163,987 | -€6,685 | -3.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €4,619 | €4,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €1,520 | €1,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,066 | €128,381 | -€6,685 | -4.9% |
| Amounts payable | 17/49 | €1,291 | €1,210 | -€81 | -6.3% |
| Amounts payable within one year | 42/48 | €1,291 | €1,210 | -€81 | -6.3% |
| Trade debts | 44 | €769 | €688 | -€81 | -10.6% |
| Suppliers | 440/4 | €769 | €688 | -€81 | -10.6% |
| Other amounts payable | 47/48 | €522 | €522 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,017 | €3,017 | = | 0.0% |
| Other operating charges | 640/8 | €1,416 | €1,150 | -€266 | -18.8% |
| Gross operating margin | 9900 | -€2,908 | -€2,116 | +€792 | +27.2% |
| Operating profit (loss) | 9901 | -€7,341 | -€6,283 | +€1,058 | +14.4% |
| Financial charges | 65/66B | €208 | €402 | +€194 | +93.6% |
| Recurring financial charges | 65 | €208 | €402 | +€194 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,549 | -€6,685 | +€864 | +11.4% |
| Profit (loss) for the period | 9904 | -€7,549 | -€6,685 | +€864 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,549 | -€6,685 | +€864 | +11.4% |
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 4 October 2026 via checked.be.