ON EARTH: 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.
ON EARTH
Largest movements
- Tangible fixed assets +€18,213
up €18,213 (+30.8%), from €59,037 to €77,251
of which Plant, machinery and equipment: +€18,757
- Cash -€2,307
down €2,307 (-71.1%), from €3,244 to €937
mainly Investment in fixed assets (net) (-€37,418) and Contributions, distributions and other (-€30,000)
- Receivables within one year -€1,699
down €1,699 (-12.9%), from €13,213 to €11,514
of which Trade receivables: -€2,699
- Other debts +€31,536
up €31,536 (+119%), from €26,400 to €57,937
- Profit (loss) carried forward -€8,280
down €8,280 (-46.9%), from €17,644 to €9,364
- Debts after one year -€6,018
down €6,018 (-75.1%), from €8,018 to €2,000
of which Financial debts: -€6,018
- Tax, wage and social debts -€1,113
down €1,113 (-22.3%), from €4,994 to €3,882
of which Remuneration and social security: -€604
- Current portion of long-term debt -€1,036
down €1,036 (-14.7%), from €7,054 to €6,018
- Depreciation +€5,727
up €5,727 (+42.5%), from €13,477 to €19,205
- Gross operating margin -€2,431
down €2,431 (-4.9%), from €49,767 to €47,336
- Taxes -€2,261
down €2,261 (-28.0%), from €8,067 to €5,806
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 | €75,570 | €89,777 | +€14,207 | +18.8% |
| Fixed assets | 21/28 | €59,113 | €77,326 | +€18,213 | +30.8% |
| Tangible fixed assets | 22/27 | €59,037 | €77,251 | +€18,213 | +30.8% |
| Plant, machinery and equipment | 23 | €57,138 | €75,894 | +€18,757 | +32.8% |
| Furniture and vehicles | 24 | €1,900 | €1,356 | -€543 | -28.6% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €16,456 | €12,451 | -€4,006 | -24.3% |
| Amounts receivable within one year | 40/41 | €13,213 | €11,514 | -€1,699 | -12.9% |
| Trade receivables | 40 | €13,213 | €10,514 | -€2,699 | -20.4% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €3,244 | €937 | -€2,307 | -71.1% |
| Total equity and liabilities | 10/49 | €75,570 | €89,777 | +€14,207 | +18.8% |
| Equity | 10/15 | €27,744 | €19,464 | -€8,280 | -29.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,644 | €9,364 | -€8,280 | -46.9% |
| Amounts payable | 17/49 | €47,826 | €70,314 | +€22,488 | +47.0% |
| Amounts payable after more than one year | 17 | €8,018 | €2,000 | -€6,018 | -75.1% |
| Financial debts | 170/4 | €6,018 | - | -€6,018 | |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,808 | €68,314 | +€28,506 | +71.6% |
| Current portion of amounts payable after more than one year | 42 | €7,054 | €6,018 | -€1,036 | -14.7% |
| Trade debts | 44 | €1,359 | €477 | -€882 | -64.9% |
| Suppliers | 440/4 | €1,359 | €477 | -€882 | -64.9% |
| Taxes, remuneration and social security | 45 | €4,994 | €3,882 | -€1,113 | -22.3% |
| Taxes | 450/3 | €4,390 | €3,882 | -€509 | -11.6% |
| Remuneration and social security | 454/9 | €604 | - | -€604 | |
| Other amounts payable | 47/48 | €26,400 | €57,937 | +€31,536 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,477 | €19,205 | +€5,727 | +42.5% |
| Gross operating margin | 9900 | €49,767 | €47,336 | -€2,431 | -4.9% |
| Operating profit (loss) | 9901 | €36,290 | €28,132 | -€8,158 | -22.5% |
| Financial charges | 65/66B | €806 | €606 | -€199 | -24.8% |
| Recurring financial charges | 65 | €806 | €606 | -€199 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €35,484 | €27,525 | -€7,959 | -22.4% |
| Income taxes | 67/77 | €8,067 | €5,806 | -€2,261 | -28.0% |
| Profit (loss) for the period | 9904 | €27,418 | €21,720 | -€5,698 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,418 | €21,720 | -€5,698 | -20.8% |
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 17 October 2026 via checked.be.