Offline: 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.
Offline
Largest movements
- Tangible fixed assets -€12,253
down €12,253 (-8.5%), from €144,213 to €131,960
of which Land and buildings: -€10,011
- Stocks and contracts +€10,500
new in 2025: €10,500
- Receivables within one year -€1,640
down €1,640 (-9.8%), from €16,662 to €15,022
of which Trade receivables: -€2,341
- Debts after one year +€81,133
new in 2025: €81,133
- Other debts -€61,105
down €61,105 (-99.9%), from €61,143 to €38
- Profit (loss) carried forward -€10,569
down €10,569, from €1,795 to -€8,774
- Short-term financial debts -€10,555
down €10,555 (-73.0%), from €14,467 to €3,913
- Tax, wage and social debts -€2,159
down €2,159 (-41.4%), from €5,219 to €3,060
- Gross operating margin -€24,272
down €24,272 (-60.1%), from €40,361 to €16,089
- Taxes -€1,779
new in 2025: -€1,779
- Financial charges +€1,008
up €1,008 (+28.3%), from €3,566 to €4,574
- Depreciation -€528
down €528 (-2.6%), from €20,683 to €20,155
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,292 | €159,364 | -€3,928 | -2.4% |
| Fixed assets | 21/28 | €144,313 | €132,060 | -€12,253 | -8.5% |
| Tangible fixed assets | 22/27 | €144,213 | €131,960 | -€12,253 | -8.5% |
| Land and buildings | 22 | €120,645 | €110,633 | -€10,011 | -8.3% |
| Plant, machinery and equipment | 23 | €14,753 | €14,252 | -€502 | -3.4% |
| Furniture and vehicles | 24 | €8,815 | €7,075 | -€1,740 | -19.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €18,979 | €27,304 | +€8,325 | +43.9% |
| Stocks and contracts in progress | 3 | - | €10,500 | +€10,500 | |
| Contracts in progress | 37 | - | €10,500 | +€10,500 | |
| Amounts receivable within one year | 40/41 | €16,662 | €15,022 | -€1,640 | -9.8% |
| Trade receivables | 40 | €16,529 | €14,188 | -€2,341 | -14.2% |
| Other amounts receivable | 41 | €133 | €834 | +€701 | +525.1% |
| Deferred charges and accrued income | 490/1 | €2,317 | €1,782 | -€535 | -23.1% |
| Total equity and liabilities | 10/49 | €163,292 | €159,364 | -€3,928 | -2.4% |
| Equity | 10/15 | €75,939 | €65,369 | -€10,569 | -13.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €12,143 | €12,143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,943 | €5,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,795 | -€8,774 | -€10,569 | |
| Amounts payable | 17/49 | €87,354 | €93,995 | +€6,641 | +7.6% |
| Amounts payable after more than one year | 17 | - | €81,133 | +€81,133 | |
| Other amounts payable | 178/9 | - | €81,133 | +€81,133 | |
| Amounts payable within one year | 42/48 | €84,006 | €8,730 | -€75,276 | -89.6% |
| Financial debts | 43 | €14,467 | €3,913 | -€10,555 | -73.0% |
| Credit institutions | 430/8 | €14,467 | €3,913 | -€10,555 | -73.0% |
| Trade debts | 44 | €3,177 | €1,720 | -€1,457 | -45.9% |
| Suppliers | 440/4 | €3,177 | €1,720 | -€1,457 | -45.9% |
| Taxes, remuneration and social security | 45 | €5,219 | €3,060 | -€2,159 | -41.4% |
| Taxes | 450/3 | €5,219 | €3,060 | -€2,159 | -41.4% |
| Other amounts payable | 47/48 | €61,143 | €38 | -€61,105 | -99.9% |
| Accrued charges and deferred income | 492/3 | €3,348 | €4,132 | +€784 | +23.4% |
| Non-recurring operating income | 76A | €3,300 | - | -€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,683 | €20,155 | -€528 | -2.6% |
| Other operating charges | 640/8 | €3,838 | €3,709 | -€129 | -3.4% |
| Gross operating margin | 9900 | €40,361 | €16,089 | -€24,272 | -60.1% |
| Operating profit (loss) | 9901 | €15,841 | -€7,774 | -€23,615 | |
| Financial charges | 65/66B | €3,566 | €4,574 | +€1,008 | +28.3% |
| Recurring financial charges | 65 | €3,566 | €4,574 | +€1,008 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €12,274 | -€12,349 | -€24,623 | |
| Income taxes | 67/77 | - | -€1,779 | -€1,779 | |
| Profit (loss) for the period | 9904 | €12,274 | -€10,569 | -€22,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,274 | -€10,569 | -€22,844 |
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 7 October 2026 via checked.be.