ON REPEAT: 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.
ON REPEAT
Largest movements
- Tangible fixed assets -€28,392
down €28,392 (-6.4%), from €442,307 to €413,916
of which Land and buildings: -€24,395
- Short-term financial debts -€55,000
down €55,000 (-73.3%), from €75,000 to €20,000
- Debts after one year -€53,042
down €53,042 (-18.9%), from €281,284 to €228,243
- Reserves +€31,392
up €31,392 (+44.9%), from €69,843 to €101,235
- Accrued charges and deferred income +€10,000
new in 2025: €10,000
- Current portion of long-term debt +€9,715
up €9,715 (+22.4%), from €43,327 to €53,042
- Gross operating margin +€68,410
up €68,410 (+253.2%), from €27,020 to €95,430
- Taxes +€10,443
up €10,443 (+1128.8%), from €925 to €11,368
- Financial charges +€1,044
up €1,044 (+7.7%), from €13,580 to €14,623
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 | €543,033 | €500,675 | -€42,358 | -7.8% |
| Fixed assets | 21/28 | €442,307 | €413,916 | -€28,392 | -6.4% |
| Tangible fixed assets | 22/27 | €442,307 | €413,916 | -€28,392 | -6.4% |
| Land and buildings | 22 | €432,084 | €407,689 | -€24,395 | -5.6% |
| Plant, machinery and equipment | 23 | €2,996 | €1,527 | -€1,469 | -49.0% |
| Furniture and vehicles | 24 | €7,227 | €4,700 | -€2,527 | -35.0% |
| Current assets | 29/58 | €100,726 | €86,760 | -€13,966 | -13.9% |
| Stocks and contracts in progress | 3 | €10,263 | €7,288 | -€2,975 | -29.0% |
| Stocks | 30/36 | €10,263 | €7,288 | -€2,975 | -29.0% |
| Amounts receivable within one year | 40/41 | €78,511 | €75,818 | -€2,693 | -3.4% |
| Trade receivables | 40 | €69,867 | €75,193 | +€5,326 | +7.6% |
| Other amounts receivable | 41 | €8,644 | €625 | -€8,019 | -92.8% |
| Cash at bank and in hand | 54/58 | €7,401 | €3,654 | -€3,748 | -50.6% |
| Deferred charges and accrued income | 490/1 | €4,550 | €0 | -€4,550 | -100.0% |
| Total equity and liabilities | 10/49 | €543,033 | €500,675 | -€42,358 | -7.8% |
| Equity | 10/15 | €76,043 | €107,435 | +€31,392 | +41.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,843 | €101,235 | +€31,392 | +44.9% |
| Distributable reserves | 133 | €69,843 | €101,235 | +€31,392 | +44.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €466,991 | €393,240 | -€73,750 | -15.8% |
| Amounts payable after more than one year | 17 | €281,284 | €228,243 | -€53,042 | -18.9% |
| Financial debts | 170/4 | €281,284 | €228,243 | -€53,042 | -18.9% |
| Amounts payable within one year | 42/48 | €185,706 | €154,998 | -€30,708 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €43,327 | €53,042 | +€9,715 | +22.4% |
| Financial debts | 43 | €75,000 | €20,000 | -€55,000 | -73.3% |
| Credit institutions | 430/8 | €75,000 | €20,000 | -€55,000 | -73.3% |
| Trade debts | 44 | €43,609 | €49,076 | +€5,467 | +12.5% |
| Suppliers | 440/4 | €43,609 | €49,076 | +€5,467 | +12.5% |
| Taxes, remuneration and social security | 45 | €10,800 | €15,362 | +€4,562 | +42.2% |
| Taxes | 450/3 | €10,800 | €15,362 | +€4,562 | +42.2% |
| Other amounts payable | 47/48 | €12,970 | €17,517 | +€4,547 | +35.1% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,797 | €28,392 | +€595 | +2.1% |
| Other operating charges | 640/8 | €7,630 | €7,725 | +€96 | +1.3% |
| Gross operating margin | 9900 | €27,020 | €95,430 | +€68,410 | +253.2% |
| Operating profit (loss) | 9901 | -€8,406 | €59,313 | +€67,719 | |
| Financial income | 75/76B | €2,128 | €1,402 | -€726 | -34.1% |
| Recurring financial income | 75 | €2,128 | €1,402 | -€726 | -34.1% |
| Financial charges | 65/66B | €13,580 | €14,623 | +€1,044 | +7.7% |
| Recurring financial charges | 65 | €13,580 | €14,623 | +€1,044 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,857 | €46,092 | +€65,950 | |
| Income taxes | 67/77 | €925 | €11,368 | +€10,443 | +1128.8% |
| Profit (loss) for the period | 9904 | -€20,783 | €34,724 | +€55,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,783 | €34,724 | +€55,507 |
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.