OLD STATION: 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 STATION
Largest movements
- Cash -€40,505
down €40,505 (-58.3%), from €69,513 to €29,008
mainly Net result for the year (-€24,310) and Investment in fixed assets (net) (-€22,746)
- Tangible fixed assets +€17,412
up €17,412 (+9.1%), from €190,986 to €208,397
of which Furniture and vehicles: +€10,461
- Receivables within one year +€4,229
up €4,229 (+279.8%), from €1,511 to €5,740
of which Other amounts receivable: +€4,229
- Deferred charges and accrued income +€4,144
up €4,144 (+270.0%), from €1,535 to €5,679
- Profit (loss) carried forward -€24,310
down €24,310 (-91.8%), from -€26,479 to -€50,789
- Other debts +€5,213
up €5,213 (+1268.8%), from €411 to €5,624
- Trade debts +€4,411
up €4,411 (+1320.1%), from €334 to €4,746
- Gross operating margin -€115,070
down €115,070, from €97,973 to -€17,097
- Depreciation +€1,340
up €1,340 (+33.5%), from €3,995 to €5,334
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 | €263,545 | €248,824 | -€14,721 | -5.6% |
| Fixed assets | 21/28 | €190,986 | €208,397 | +€17,412 | +9.1% |
| Tangible fixed assets | 22/27 | €190,986 | €208,397 | +€17,412 | +9.1% |
| Land and buildings | 22 | €187,369 | €195,105 | +€7,736 | +4.1% |
| Plant, machinery and equipment | 23 | €3,223 | €2,437 | -€786 | -24.4% |
| Furniture and vehicles | 24 | €394 | €10,855 | +€10,461 | +2654.2% |
| Current assets | 29/58 | €72,559 | €40,427 | -€32,132 | -44.3% |
| Amounts receivable within one year | 40/41 | €1,511 | €5,740 | +€4,229 | +279.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,511 | €5,740 | +€4,229 | +279.8% |
| Cash at bank and in hand | 54/58 | €69,513 | €29,008 | -€40,505 | -58.3% |
| Deferred charges and accrued income | 490/1 | €1,535 | €5,679 | +€4,144 | +270.0% |
| Total equity and liabilities | 10/49 | €263,545 | €248,824 | -€14,721 | -5.6% |
| Equity | 10/15 | €262,095 | €237,785 | -€24,310 | -9.3% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €220,374 | €220,374 | = | 0.0% |
| Distributable reserves | 133 | €220,374 | €220,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,479 | -€50,789 | -€24,310 | -91.8% |
| Amounts payable | 17/49 | €1,450 | €11,039 | +€9,589 | +661.5% |
| Amounts payable within one year | 42/48 | €1,450 | €11,039 | +€9,589 | +661.5% |
| Trade debts | 44 | €334 | €4,746 | +€4,411 | +1320.1% |
| Suppliers | 440/4 | €334 | €4,746 | +€4,411 | +1320.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €705 | €669 | -€35 | -5.0% |
| Taxes | 450/3 | €705 | €669 | -€35 | -5.0% |
| Other amounts payable | 47/48 | €411 | €5,624 | +€5,213 | +1268.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,995 | €5,334 | +€1,340 | +33.5% |
| Other operating charges | 640/8 | €739 | €1,147 | +€408 | +55.2% |
| Gross operating margin | 9900 | €97,973 | -€17,097 | -€115,070 | |
| Operating profit (loss) | 9901 | €93,239 | -€23,579 | -€116,818 | |
| Financial income | 75/76B | €206 | €0 | -€206 | -100.0% |
| Recurring financial income | 75 | €206 | €0 | -€206 | -100.0% |
| Financial charges | 65/66B | €260 | €398 | +€138 | +53.3% |
| Recurring financial charges | 65 | €260 | €398 | +€138 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €93,186 | -€23,977 | -€117,162 | |
| Income taxes | 67/77 | €336 | €333 | -€3 | -0.9% |
| Profit (loss) for the period | 9904 | €92,849 | -€24,310 | -€117,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,849 | -€24,310 | -€117,159 |
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.