NEW FACADE: 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 FACADE
Largest movements
- Tangible fixed assets -€51,297
down €51,297 (-6.9%), from €746,516 to €695,219
of which Land and buildings: -€43,432
- Reserves -€23,090
down €23,090 (-7.1%), from €325,958 to €302,869
of which Tax-exempt reserves: -€23,090
- Other debts -€13,414
down €13,414 (-11.5%), from €116,137 to €102,723
- Tax, wage and social debts +€10,407
up €10,407 (+669.0%), from €1,556 to €11,963
- Debts after one year -€8,707
down €8,707 (-6.4%), from €136,585 to €127,877
- Other operating charges +€10,206
up €10,206 (+161.7%), from €6,313 to €16,519
- Gross operating margin +€6,579
up €6,579 (+19.6%), from €33,596 to €40,175
- Write-downs +€2,965
no longer reported in 2025 (was -€2,965)
- Financial charges +€1,225
up €1,225 (+25.9%), from €4,730 to €5,955
- Depreciation +€1,216
up €1,216 (+2.4%), from €50,082 to €51,297
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 | €823,759 | €769,839 | -€53,920 | -6.5% |
| Fixed assets | 21/28 | €746,516 | €695,219 | -€51,297 | -6.9% |
| Tangible fixed assets | 22/27 | €746,516 | €695,219 | -€51,297 | -6.9% |
| Land and buildings | 22 | €729,948 | €686,517 | -€43,432 | -5.9% |
| Furniture and vehicles | 24 | €16,568 | €8,702 | -€7,866 | -47.5% |
| Current assets | 29/58 | €77,243 | €74,620 | -€2,622 | -3.4% |
| Amounts receivable within one year | 40/41 | €19,880 | €14,462 | -€5,418 | -27.3% |
| Trade receivables | 40 | €12,586 | €10,214 | -€2,372 | -18.8% |
| Other amounts receivable | 41 | €7,294 | €4,248 | -€3,046 | -41.8% |
| Cash at bank and in hand | 54/58 | €54,336 | €59,209 | +€4,872 | +9.0% |
| Deferred charges and accrued income | 490/1 | €3,026 | €949 | -€2,077 | -68.6% |
| Total equity and liabilities | 10/49 | €823,759 | €769,839 | -€53,920 | -6.5% |
| Equity | 10/15 | €439,149 | €413,214 | -€25,935 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €325,958 | €302,869 | -€23,090 | -7.1% |
| Tax-exempt reserves | 132 | €312,949 | €289,859 | -€23,090 | -7.4% |
| Distributable reserves | 133 | €13,010 | €13,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,590 | €91,745 | -€2,845 | -3.0% |
| Provisions and deferred taxes | 16 | €104,316 | €96,620 | -€7,697 | -7.4% |
| Deferred taxes | 168 | €104,316 | €96,620 | -€7,697 | -7.4% |
| Amounts payable | 17/49 | €280,294 | €260,005 | -€20,288 | -7.2% |
| Amounts payable after more than one year | 17 | €136,585 | €127,877 | -€8,707 | -6.4% |
| Financial debts | 170/4 | €136,585 | €127,877 | -€8,707 | -6.4% |
| Amounts payable within one year | 42/48 | €143,709 | €132,128 | -€11,581 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,251 | €8,707 | -€2,543 | -22.6% |
| Trade debts | 44 | €14,766 | €8,735 | -€6,031 | -40.8% |
| Suppliers | 440/4 | €14,766 | €8,735 | -€6,031 | -40.8% |
| Taxes, remuneration and social security | 45 | €1,556 | €11,963 | +€10,407 | +669.0% |
| Taxes | 450/3 | €1,556 | €11,963 | +€10,407 | +669.0% |
| Other amounts payable | 47/48 | €116,137 | €102,723 | -€13,414 | -11.5% |
| Non-recurring operating income | 76A | €1,430 | - | -€1,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,082 | €51,297 | +€1,216 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,965 | - | +€2,965 | |
| Other operating charges | 640/8 | €6,313 | €16,519 | +€10,206 | +161.7% |
| Gross operating margin | 9900 | €33,596 | €40,175 | +€6,579 | +19.6% |
| Operating profit (loss) | 9901 | -€19,834 | -€27,642 | -€7,808 | -39.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +168.4% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +168.4% |
| Financial charges | 65/66B | €4,730 | €5,955 | +€1,225 | +25.9% |
| Recurring financial charges | 65 | €4,730 | €5,955 | +€1,225 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,564 | -€33,596 | -€9,032 | -36.8% |
| Transfer from deferred taxes | 780 | €7,697 | €7,697 | = | 0.0% |
| Income taxes | 67/77 | -€1,179 | €36 | +€1,216 | |
| Profit (loss) for the period | 9904 | -€15,688 | -€25,935 | -€10,247 | -65.3% |
| Transfer from tax-exempt reserves | 789 | €23,090 | €23,090 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,402 | -€2,845 | -€10,247 |
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.