OLD 56: 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.
OLD 56
Largest movements
- Tangible fixed assets -€115,840
down €115,840 (-11.7%), from €992,031 to €876,191
of which Land and buildings: -€115,984
- Receivables within one year +€81,477
up €81,477 (+28.8%), from €282,809 to €364,286
of which Other amounts receivable: +€77,527
- Cash +€25,124
up €25,124 (+103.2%), from €24,351 to €49,475
mainly Depreciation (+€127,452) and Current investments (+€7,498)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€20,478
down €20,478 (-10.9%), from €188,623 to €168,145
- Taxes -€12,280
down €12,280 (-43.6%), from €28,157 to €15,877
- Other operating charges +€7,405
up €7,405 (+32.4%), from €22,849 to €30,254
- Depreciation +€4,651
up €4,651 (+3.8%), from €122,801 to €127,452
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 | €1,602,543 | €1,584,187 | -€18,356 | -1.1% |
| Fixed assets | 21/28 | €992,031 | €876,191 | -€115,840 | -11.7% |
| Tangible fixed assets | 22/27 | €992,031 | €876,191 | -€115,840 | -11.7% |
| Land and buildings | 22 | €970,076 | €854,092 | -€115,984 | -12.0% |
| Plant, machinery and equipment | 23 | €21,765 | €22,099 | +€335 | +1.5% |
| Furniture and vehicles | 24 | €191 | €0 | -€191 | -100.0% |
| Current assets | 29/58 | €610,512 | €707,996 | +€97,484 | +16.0% |
| Amounts receivable within one year | 40/41 | €282,809 | €364,286 | +€81,477 | +28.8% |
| Trade receivables | 40 | €5,065 | €9,016 | +€3,951 | +78.0% |
| Other amounts receivable | 41 | €277,743 | €355,270 | +€77,527 | +27.9% |
| Current investments | 50/53 | €299,649 | €292,151 | -€7,498 | -2.5% |
| Cash at bank and in hand | 54/58 | €24,351 | €49,475 | +€25,124 | +103.2% |
| Deferred charges and accrued income | 490/1 | €3,704 | €2,084 | -€1,619 | -43.7% |
| Total equity and liabilities | 10/49 | €1,602,543 | €1,584,187 | -€18,356 | -1.1% |
| Equity | 10/15 | €1,530,943 | €1,535,680 | +€4,736 | +0.3% |
| Contributions | 10/11 | €499,047 | €499,047 | = | 0.0% |
| Reserves | 13 | €1,031,896 | €1,036,633 | +€4,736 | +0.5% |
| Non-distributable reserves | 130/1 | €49,905 | €49,905 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,905 | €49,905 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,748 | €63,462 | -€29,286 | -31.6% |
| Distributable reserves | 133 | €889,243 | €923,265 | +€34,022 | +3.8% |
| Provisions and deferred taxes | 16 | €19,459 | €8,728 | -€10,731 | -55.1% |
| Deferred taxes | 168 | €19,459 | €8,728 | -€10,731 | -55.1% |
| Amounts payable | 17/49 | €52,141 | €39,780 | -€12,361 | -23.7% |
| Amounts payable within one year | 42/48 | €52,141 | €39,780 | -€12,361 | -23.7% |
| Trade debts | 44 | €29,231 | €19,017 | -€10,214 | -34.9% |
| Suppliers | 440/4 | €29,231 | €19,017 | -€10,214 | -34.9% |
| Advances received on contracts in progress | 46 | - | €760 | +€760 | |
| Taxes, remuneration and social security | 45 | €17,047 | €13,690 | -€3,357 | -19.7% |
| Taxes | 450/3 | €17,047 | €13,690 | -€3,357 | -19.7% |
| Other amounts payable | 47/48 | €5,863 | €6,313 | +€450 | +7.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,801 | €127,452 | +€4,651 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €22,849 | €30,254 | +€7,405 | +32.4% |
| Gross operating margin | 9900 | €188,623 | €168,145 | -€20,478 | -10.9% |
| Operating profit (loss) | 9901 | €42,973 | €10,439 | -€32,534 | -75.7% |
| Financial income | 75/76B | €1,073 | €6 | -€1,067 | -99.5% |
| Recurring financial income | 75 | €1,073 | €6 | -€1,067 | -99.5% |
| Financial charges | 65/66B | €447 | €562 | +€115 | +25.7% |
| Recurring financial charges | 65 | €447 | €562 | +€115 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €43,599 | €9,882 | -€33,716 | -77.3% |
| Transfer from deferred taxes | 780 | €31,948 | €10,731 | -€21,217 | -66.4% |
| Income taxes | 67/77 | €28,157 | €15,877 | -€12,280 | -43.6% |
| Profit (loss) for the period | 9904 | €47,389 | €4,736 | -€42,653 | -90.0% |
| Transfer from tax-exempt reserves | 789 | €11,707 | €29,286 | +€17,579 | +150.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,096 | €34,022 | -€25,074 | -42.4% |
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 3 October 2026 via checked.be.