NEW TREND: 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 TREND
Largest movements
- Tangible fixed assets -€20,623
down €20,623 (-5.7%), from €359,629 to €339,006
- Debts after one year -€27,848
down €27,848 (-13.0%), from €214,251 to €186,403
- Profit (loss) carried forward +€7,228
up €7,228 (+4.2%), from -€171,427 to -€164,199
- Gross operating margin +€11,853
up €11,853 (+38.2%), from €31,008 to €42,861
- Financial charges +€527
up €527 (+4.1%), from €12,789 to €13,316
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 | €361,357 | €341,925 | -€19,432 | -5.4% |
| Fixed assets | 21/28 | €359,629 | €339,006 | -€20,623 | -5.7% |
| Tangible fixed assets | 22/27 | €359,629 | €339,006 | -€20,623 | -5.7% |
| Land and buildings | 22 | €359,629 | €339,006 | -€20,623 | -5.7% |
| Current assets | 29/58 | €1,728 | €2,919 | +€1,191 | +69.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,728 | €2,919 | +€1,191 | +69.0% |
| Total equity and liabilities | 10/49 | €361,357 | €341,925 | -€19,432 | -5.4% |
| Equity | 10/15 | -€152,827 | -€145,599 | +€7,228 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,427 | -€164,199 | +€7,228 | +4.2% |
| Amounts payable | 17/49 | €514,184 | €487,524 | -€26,660 | -5.2% |
| Amounts payable after more than one year | 17 | €214,251 | €186,403 | -€27,848 | -13.0% |
| Financial debts | 170/4 | €214,251 | €186,403 | -€27,848 | -13.0% |
| Amounts payable within one year | 42/48 | €299,933 | €301,122 | +€1,188 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €26,514 | €27,848 | +€1,334 | +5.0% |
| Trade debts | 44 | €1,736 | €184 | -€1,552 | -89.4% |
| Suppliers | 440/4 | €1,736 | €184 | -€1,552 | -89.4% |
| Other amounts payable | 47/48 | €271,683 | €273,089 | +€1,407 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,623 | €20,623 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,700 | €1,694 | -€6 | -0.4% |
| Gross operating margin | 9900 | €31,008 | €42,861 | +€11,853 | +38.2% |
| Operating profit (loss) | 9901 | €8,684 | €20,544 | +€11,859 | +136.6% |
| Financial charges | 65/66B | €12,789 | €13,316 | +€527 | +4.1% |
| Recurring financial charges | 65 | €12,789 | €13,316 | +€527 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,105 | €7,228 | +€11,333 | |
| Profit (loss) for the period | 9904 | -€4,105 | €7,228 | +€11,333 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,105 | €7,228 | +€11,333 |
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 11 October 2026 via checked.be.