New Windows: 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 Windows
Largest movements
- Tangible fixed assets -€29,711
down €29,711 (-7.3%), from €408,009 to €378,298
of which Other tangible fixed assets: -€16,484
- Deferred charges and accrued income +€24,844
up €24,844 (+387.2%), from €6,417 to €31,261
- Receivables within one year -€21,263
down €21,263 (-21.3%), from €99,893 to €78,631
of which Trade receivables: -€30,004
- Cash -€11,985
down €11,985 (-33.1%), from €36,240 to €24,256
mainly Deferred charges and accrued income (-€24,844) and Debts after one year (-€18,078)
- Debts after one year -€18,078
down €18,078 (-7.1%), from €255,189 to €237,111
- Profit (loss) carried forward -€13,916
down €13,916 (-6.8%), from €205,114 to €191,199
- Tax, wage and social debts -€6,913
down €6,913 (-31.0%), from €22,318 to €15,405
of which Taxes: -€4,748
- Staff costs +€30,631
up €30,631 (+11.1%), from €276,595 to €307,226
- Gross operating margin -€21,016
down €21,016 (-5.7%), from €371,580 to €350,563
- Taxes -€10,781
down €10,781 (-96.0%), from €11,232 to €451
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 | €550,560 | €512,445 | -€38,114 | -6.9% |
| Fixed assets | 21/28 | €408,009 | €378,298 | -€29,711 | -7.3% |
| Tangible fixed assets | 22/27 | €408,009 | €378,298 | -€29,711 | -7.3% |
| Land and buildings | 22 | €221,381 | €225,328 | +€3,947 | +1.8% |
| Plant, machinery and equipment | 23 | €3,551 | €1,539 | -€2,013 | -56.7% |
| Furniture and vehicles | 24 | €25,170 | €10,008 | -€15,162 | -60.2% |
| Other tangible fixed assets | 26 | €157,907 | €141,424 | -€16,484 | -10.4% |
| Current assets | 29/58 | €142,550 | €134,147 | -€8,403 | -5.9% |
| Amounts receivable within one year | 40/41 | €99,893 | €78,631 | -€21,263 | -21.3% |
| Trade receivables | 40 | €81,532 | €51,528 | -€30,004 | -36.8% |
| Other amounts receivable | 41 | €18,361 | €27,102 | +€8,741 | +47.6% |
| Cash at bank and in hand | 54/58 | €36,240 | €24,256 | -€11,985 | -33.1% |
| Deferred charges and accrued income | 490/1 | €6,417 | €31,261 | +€24,844 | +387.2% |
| Total equity and liabilities | 10/49 | €550,560 | €512,445 | -€38,114 | -6.9% |
| Equity | 10/15 | €228,174 | €214,259 | -€13,916 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,114 | €191,199 | -€13,916 | -6.8% |
| Amounts payable | 17/49 | €322,385 | €298,187 | -€24,199 | -7.5% |
| Amounts payable after more than one year | 17 | €255,189 | €237,111 | -€18,078 | -7.1% |
| Financial debts | 170/4 | €255,189 | €237,111 | -€18,078 | -7.1% |
| Amounts payable within one year | 42/48 | €67,197 | €61,076 | -€6,121 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €17,586 | €18,078 | +€492 | +2.8% |
| Trade debts | 44 | €21,293 | €21,593 | +€300 | +1.4% |
| Suppliers | 440/4 | €21,293 | €21,593 | +€300 | +1.4% |
| Taxes, remuneration and social security | 45 | €22,318 | €15,405 | -€6,913 | -31.0% |
| Taxes | 450/3 | €5,198 | €451 | -€4,748 | -91.3% |
| Remuneration and social security | 454/9 | €17,120 | €14,955 | -€2,165 | -12.6% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €276,595 | €307,226 | +€30,631 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,255 | €44,468 | +€213 | +0.5% |
| Other operating charges | 640/8 | €3,577 | €3,697 | +€120 | +3.4% |
| Gross operating margin | 9900 | €371,580 | €350,563 | -€21,016 | -5.7% |
| Operating profit (loss) | 9901 | €47,153 | -€4,827 | -€51,980 | |
| Financial income | 75/76B | €349 | €265 | -€84 | -24.2% |
| Recurring financial income | 75 | €349 | €265 | -€84 | -24.2% |
| Financial charges | 65/66B | €9,542 | €8,902 | -€640 | -6.7% |
| Recurring financial charges | 65 | €9,542 | €8,902 | -€640 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €37,960 | -€13,465 | -€51,424 | |
| Income taxes | 67/77 | €11,232 | €451 | -€10,781 | -96.0% |
| Profit (loss) for the period | 9904 | €26,728 | -€13,916 | -€40,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,728 | -€13,916 | -€40,644 |
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 8 October 2026 via checked.be.