OBJECT SOLUTION: 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.
OBJECT SOLUTION
Largest movements
- Cash +€83,065
up €83,065 (+230.8%), from €35,987 to €119,052
mainly Net result for the year (+€70,327) and Depreciation (+€22,416)
- Tangible fixed assets -€22,416
down €22,416 (-26.6%), from €84,164 to €61,749
of which Land and buildings: -€21,639
- Receivables within one year +€14,388
up €14,388 (+95.9%), from €15,010 to €29,397
- Reserves +€70,327
up €70,327 (+16.8%), from €418,081 to €488,408
- Gross operating margin +€59,833
up €59,833 (+95.1%), from €62,938 to €122,771
- Taxes +€6,560
up €6,560 (+69.6%), from €9,420 to €15,980
- Financial income -€2,071
down €2,071 (-76.2%), from €2,718 to €647
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 | €773,925 | €848,962 | +€75,038 | +9.7% |
| Fixed assets | 21/28 | €84,164 | €61,749 | -€22,416 | -26.6% |
| Tangible fixed assets | 22/27 | €84,164 | €61,749 | -€22,416 | -26.6% |
| Land and buildings | 22 | €82,950 | €61,311 | -€21,639 | -26.1% |
| Furniture and vehicles | 24 | €1,214 | €438 | -€776 | -64.0% |
| Current assets | 29/58 | €689,760 | €787,213 | +€97,453 | +14.1% |
| Amounts receivable within one year | 40/41 | €15,010 | €29,397 | +€14,388 | +95.9% |
| Other amounts receivable | 41 | €15,010 | €29,397 | +€14,388 | +95.9% |
| Current investments | 50/53 | €638,764 | €638,764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,987 | €119,052 | +€83,065 | +230.8% |
| Total equity and liabilities | 10/49 | €773,925 | €848,962 | +€75,038 | +9.7% |
| Equity | 10/15 | €561,000 | €631,328 | +€70,327 | +12.5% |
| Contributions | 10/11 | €66,197 | €66,197 | = | 0.0% |
| Reserves | 13 | €418,081 | €488,408 | +€70,327 | +16.8% |
| Distributable reserves | 133 | €418,081 | €488,408 | +€70,327 | +16.8% |
| Profit (loss) carried forward | 14 | €76,722 | €76,722 | = | 0.0% |
| Amounts payable | 17/49 | €212,925 | €217,635 | +€4,710 | +2.2% |
| Amounts payable within one year | 42/48 | €212,925 | €217,635 | +€4,710 | +2.2% |
| Trade debts | 44 | €2,908 | €2,843 | -€64 | -2.2% |
| Suppliers | 440/4 | €2,908 | €2,843 | -€64 | -2.2% |
| Taxes, remuneration and social security | 45 | €16,770 | €20,027 | +€3,257 | +19.4% |
| Taxes | 450/3 | €16,770 | €20,027 | +€3,257 | +19.4% |
| Other amounts payable | 47/48 | €193,247 | €194,765 | +€1,518 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,060 | €22,416 | -€645 | -2.8% |
| Other operating charges | 640/8 | €2,670 | €2,664 | -€6 | -0.2% |
| Gross operating margin | 9900 | €62,938 | €122,771 | +€59,833 | +95.1% |
| Operating profit (loss) | 9901 | €37,208 | €97,692 | +€60,484 | +162.6% |
| Financial income | 75/76B | €2,718 | €647 | -€2,071 | -76.2% |
| Recurring financial income | 75 | €2,718 | €647 | -€2,071 | -76.2% |
| Financial charges | 65/66B | €11,711 | €12,031 | +€320 | +2.7% |
| Recurring financial charges | 65 | €11,711 | €12,031 | +€320 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €28,214 | €86,308 | +€58,093 | +205.9% |
| Income taxes | 67/77 | €9,420 | €15,980 | +€6,560 | +69.6% |
| Profit (loss) for the period | 9904 | €18,795 | €70,327 | +€51,533 | +274.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,795 | €70,327 | +€51,533 | +274.2% |
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 2 October 2026 via checked.be.