NEW ID: 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.
NEW ID
Largest movements
- Cash +€356,727
up €356,727 (+89.8%), from €397,404 to €754,131
mainly Net result for the year (+€898,490) and Other debts (+€34,019)
- Reserves +€374,928
up €374,928 (+10.0%), from €3.7m to €4.1m
- Financial income +€33,935
up €33,935 (+3.6%), from €932,019 to €965,955
- Gross operating margin +€17,492
up €17,492 (+19.6%), from €89,167 to €106,659
- Taxes +€16,888
up €16,888 (+13.2%), from €128,257 to €145,145
- Other operating charges -€1,310
down €1,310 (-20.5%), from €6,382 to €5,072
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 | €7,562,537 | €7,990,211 | +€427,674 | +5.7% |
| Fixed assets | 21/28 | €2,519,853 | €2,498,380 | -€21,473 | -0.9% |
| Tangible fixed assets | 22/27 | €31,894 | €10,422 | -€21,473 | -67.3% |
| Furniture and vehicles | 24 | €31,894 | €10,422 | -€21,473 | -67.3% |
| Financial fixed assets | 28 | €2,487,958 | €2,487,958 | = | 0.0% |
| Current assets | 29/58 | €5,042,684 | €5,491,832 | +€449,147 | +8.9% |
| Amounts receivable within one year | 40/41 | €113,511 | €116,424 | +€2,913 | +2.6% |
| Trade receivables | 40 | €29,808 | €32,721 | +€2,913 | +9.8% |
| Other amounts receivable | 41 | €83,703 | €83,703 | = | 0.0% |
| Current investments | 50/53 | €3,671,457 | €3,746,457 | +€75,000 | +2.0% |
| Cash at bank and in hand | 54/58 | €397,404 | €754,131 | +€356,727 | +89.8% |
| Deferred charges and accrued income | 490/1 | €860,313 | €874,819 | +€14,507 | +1.7% |
| Total equity and liabilities | 10/49 | €7,562,537 | €7,990,211 | +€427,674 | +5.7% |
| Equity | 10/15 | €7,038,407 | €7,413,335 | +€374,928 | +5.3% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €3,734,888 | €4,109,816 | +€374,928 | +10.0% |
| Distributable reserves | 133 | €3,734,888 | €4,109,816 | +€374,928 | +10.0% |
| Profit (loss) carried forward | 14 | €1,703,519 | €1,703,519 | = | 0.0% |
| Amounts payable | 17/49 | €524,130 | €576,876 | +€52,746 | +10.1% |
| Amounts payable within one year | 42/48 | €515,280 | €576,876 | +€61,597 | +12.0% |
| Trade debts | 44 | €1,491 | €2,350 | +€859 | +57.6% |
| Suppliers | 440/4 | €1,491 | €2,350 | +€859 | +57.6% |
| Taxes, remuneration and social security | 45 | €23,832 | €50,551 | +€26,719 | +112% |
| Taxes | 450/3 | €23,832 | €50,551 | +€26,719 | +112% |
| Other amounts payable | 47/48 | €489,957 | €523,976 | +€34,019 | +6.9% |
| Accrued charges and deferred income | 492/3 | €8,851 | - | -€8,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,473 | €21,473 | = | 0.0% |
| Other operating charges | 640/8 | €6,382 | €5,072 | -€1,310 | -20.5% |
| Gross operating margin | 9900 | €89,167 | €106,659 | +€17,492 | +19.6% |
| Operating profit (loss) | 9901 | €61,312 | €80,114 | +€18,802 | +30.7% |
| Financial income | 75/76B | €932,019 | €965,955 | +€33,935 | +3.6% |
| Recurring financial income | 75 | €932,019 | €965,955 | +€33,935 | +3.6% |
| Financial charges | 65/66B | €1,428 | €2,434 | +€1,006 | +70.5% |
| Recurring financial charges | 65 | €1,428 | €2,434 | +€1,006 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €991,904 | €1,043,635 | +€51,731 | +5.2% |
| Income taxes | 67/77 | €128,257 | €145,145 | +€16,888 | +13.2% |
| Profit (loss) for the period | 9904 | €863,647 | €898,490 | +€34,843 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €863,647 | €898,490 | +€34,843 | +4.0% |
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.