NEW LINE: 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 LINE
Largest movements
- Current investments +€8,103
up €8,103 (+64.1%), from €12,637 to €20,740
- Tangible fixed assets -€6,288
down €6,288 (-3.7%), from €169,907 to €163,619
of which Land and buildings: -€5,839
- Reserves +€13,240
up €13,240 (+32.8%), from €40,360 to €53,600
- Debts after one year -€8,189
down €8,189 (-5.8%), from €140,658 to €132,469
- Tax, wage and social debts -€4,401
down €4,401 (-52.2%), from €8,434 to €4,033
- Gross operating margin +€4,018
up €4,018 (+14.9%), from €27,055 to €31,073
- Taxes +€976
up €976 (+19.7%), from €4,945 to €5,921
- Other operating charges +€311
up €311 (+13.9%), from €2,228 to €2,539
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 | €226,833 | €226,939 | +€106 | 0.0% |
| Fixed assets | 21/28 | €170,056 | €163,768 | -€6,288 | -3.7% |
| Tangible fixed assets | 22/27 | €169,907 | €163,619 | -€6,288 | -3.7% |
| Land and buildings | 22 | €167,579 | €161,740 | -€5,839 | -3.5% |
| Plant, machinery and equipment | 23 | €2,327 | €1,879 | -€448 | -19.3% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €56,777 | €63,171 | +€6,394 | +11.3% |
| Stocks and contracts in progress | 3 | €15,822 | €15,222 | -€599 | -3.8% |
| Stocks | 30/36 | €15,822 | €15,222 | -€599 | -3.8% |
| Amounts receivable within one year | 40/41 | €2,543 | €2,133 | -€410 | -16.1% |
| Trade receivables | 40 | €1,476 | €1,499 | +€23 | +1.6% |
| Other amounts receivable | 41 | €1,067 | €634 | -€433 | -40.6% |
| Current investments | 50/53 | €12,637 | €20,740 | +€8,103 | +64.1% |
| Cash at bank and in hand | 54/58 | €25,776 | €24,970 | -€806 | -3.1% |
| Deferred charges and accrued income | 490/1 | €0 | €106 | +€106 | |
| Total equity and liabilities | 10/49 | €226,833 | €226,939 | +€106 | 0.0% |
| Equity | 10/15 | €51,606 | €64,848 | +€13,242 | +25.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,360 | €53,600 | +€13,240 | +32.8% |
| Distributable reserves | 133 | €40,360 | €53,600 | +€13,240 | +32.8% |
| Profit (loss) carried forward | 14 | €1,246 | €1,248 | +€2 | +0.2% |
| Amounts payable | 17/49 | €175,226 | €162,091 | -€13,136 | -7.5% |
| Amounts payable after more than one year | 17 | €140,658 | €132,469 | -€8,189 | -5.8% |
| Financial debts | 170/4 | €140,658 | €132,469 | -€8,189 | -5.8% |
| Amounts payable within one year | 42/48 | €34,343 | €29,226 | -€5,117 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €8,089 | €8,189 | +€100 | +1.2% |
| Trade debts | 44 | €6,621 | €4,388 | -€2,233 | -33.7% |
| Suppliers | 440/4 | €6,621 | €4,388 | -€2,233 | -33.7% |
| Taxes, remuneration and social security | 45 | €8,434 | €4,033 | -€4,401 | -52.2% |
| Taxes | 450/3 | €8,434 | €4,033 | -€4,401 | -52.2% |
| Other amounts payable | 47/48 | €11,199 | €12,615 | +€1,416 | +12.6% |
| Accrued charges and deferred income | 492/3 | €225 | €396 | +€170 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,288 | €6,288 | = | 0.0% |
| Other operating charges | 640/8 | €2,228 | €2,539 | +€311 | +13.9% |
| Gross operating margin | 9900 | €27,055 | €31,073 | +€4,018 | +14.9% |
| Operating profit (loss) | 9901 | €18,539 | €22,247 | +€3,708 | +20.0% |
| Financial income | 75/76B | €340 | €509 | +€168 | +49.5% |
| Recurring financial income | 75 | €340 | €509 | +€168 | +49.5% |
| Financial charges | 65/66B | €2,795 | €2,760 | -€35 | -1.3% |
| Recurring financial charges | 65 | €2,795 | €2,760 | -€35 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €16,085 | €19,996 | +€3,911 | +24.3% |
| Income taxes | 67/77 | €4,945 | €5,921 | +€976 | +19.7% |
| Profit (loss) for the period | 9904 | €11,140 | €14,075 | +€2,935 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,140 | €14,075 | +€2,935 | +26.4% |
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 14 October 2026 via checked.be.