NEWS RESOURCE ONE: 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.
NEWS RESOURCE ONE
Largest movements
- Tangible fixed assets +€22,398
up €22,398 (+12.1%), from €184,699 to €207,097
of which Plant, machinery and equipment: +€41,126
- Current investments +€22,180
up €22,180 (+63.3%), from €35,018 to €57,198
- Receivables within one year -€19,485
down €19,485 (-44.8%), from €43,500 to €24,014
of which Trade receivables: -€19,687
- Cash -€5,086
down €5,086 (-75.2%), from €6,766 to €1,680
mainly Investment in fixed assets (net) (-€49,035) and Other debts (-€33,857)
- Debts after one year +€40,000
up €40,000 (+80.0%), from €50,000 to €90,000
- Other debts -€33,857
down €33,857 (-77.8%), from €43,519 to €9,662
- Reserves +€11,823
up €11,823 (+8.7%), from €135,749 to €147,573
- Tax, wage and social debts +€3,164
up €3,164 (+77.6%), from €4,076 to €7,240
- Gross operating margin -€8,526
down €8,526 (-14.4%), from €59,331 to €50,805
- Financial charges +€6,243
up €6,243 (+2,550%), from €245 to €6,488
- Taxes -€3,657
down €3,657 (-40.3%), from €9,076 to €5,419
- Other operating charges -€1,123
down €1,123 (-62.1%), from €1,809 to €686
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 | €270,123 | €290,385 | +€20,261 | +7.5% |
| Fixed assets | 21/28 | €184,699 | €207,097 | +€22,398 | +12.1% |
| Tangible fixed assets | 22/27 | €184,699 | €207,097 | +€22,398 | +12.1% |
| Land and buildings | 22 | €143,591 | €138,682 | -€4,909 | -3.4% |
| Plant, machinery and equipment | 23 | €14,508 | €55,634 | +€41,126 | +283% |
| Furniture and vehicles | 24 | €26,600 | €12,782 | -€13,819 | -51.9% |
| Current assets | 29/58 | €85,424 | €83,287 | -€2,137 | -2.5% |
| Amounts receivable within one year | 40/41 | €43,500 | €24,014 | -€19,485 | -44.8% |
| Trade receivables | 40 | €41,732 | €22,045 | -€19,687 | -47.2% |
| Other amounts receivable | 41 | €1,768 | €1,969 | +€201 | +11.4% |
| Current investments | 50/53 | €35,018 | €57,198 | +€22,180 | +63.3% |
| Cash at bank and in hand | 54/58 | €6,766 | €1,680 | -€5,086 | -75.2% |
| Deferred charges and accrued income | 490/1 | €140 | €395 | +€255 | +182% |
| Total equity and liabilities | 10/49 | €270,123 | €290,385 | +€20,261 | +7.5% |
| Equity | 10/15 | €158,067 | €169,890 | +€11,823 | +7.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €135,749 | €147,573 | +€11,823 | +8.7% |
| Distributable reserves | 133 | €135,749 | €147,573 | +€11,823 | +8.7% |
| Profit (loss) carried forward | 14 | €3,567 | €3,567 | = | 0.0% |
| Amounts payable | 17/49 | €112,057 | €120,495 | +€8,438 | +7.5% |
| Amounts payable after more than one year | 17 | €50,000 | €90,000 | +€40,000 | +80.0% |
| Other amounts payable | 178/9 | €50,000 | €90,000 | +€40,000 | +80.0% |
| Amounts payable within one year | 42/48 | €62,057 | €30,495 | -€31,562 | -50.9% |
| Trade debts | 44 | €14,462 | €13,592 | -€869 | -6.0% |
| Suppliers | 440/4 | €14,462 | €13,592 | -€869 | -6.0% |
| Taxes, remuneration and social security | 45 | €4,076 | €7,240 | +€3,164 | +77.6% |
| Taxes | 450/3 | €4,076 | €7,240 | +€3,164 | +77.6% |
| Other amounts payable | 47/48 | €43,519 | €9,662 | -€33,857 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,753 | €26,637 | -€116 | -0.4% |
| Other operating charges | 640/8 | €1,809 | €686 | -€1,123 | -62.1% |
| Gross operating margin | 9900 | €59,331 | €50,805 | -€8,526 | -14.4% |
| Operating profit (loss) | 9901 | €30,769 | €23,482 | -€7,287 | -23.7% |
| Financial income | 75/76B | - | €248 | +€248 | |
| Recurring financial income | 75 | - | €248 | +€248 | |
| Financial charges | 65/66B | €245 | €6,488 | +€6,243 | +2,550% |
| Recurring financial charges | 65 | €245 | €6,488 | +€6,243 | +2,550% |
| Profit (loss) for the period before taxes | 9903 | €30,524 | €17,242 | -€13,282 | -43.5% |
| Income taxes | 67/77 | €9,076 | €5,419 | -€3,657 | -40.3% |
| Profit (loss) for the period | 9904 | €21,448 | €11,823 | -€9,625 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,448 | €11,823 | -€9,625 | -44.9% |
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 30 October 2026 via checked.be.