One Byte: 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.
One Byte
Largest movements
- Tangible fixed assets -€181,498
down €181,498 (-40.6%), from €447,245 to €265,747
of which Land and buildings: -€190,864
- Cash +€64,876
up €64,876 (+73.6%), from €88,202 to €153,077
mainly Investment in fixed assets (net) (+€172,658) and Other debts (+€70,170)
- Debts after one year -€140,440
down €140,440 (-39.7%), from €353,781 to €213,341
- Other debts +€70,170
up €70,170 (+195.6%), from €35,866 to €106,037
- Reserves -€41,551
down €41,551 (-28.4%), from €146,098 to €104,547
- Current portion of long-term debt -€6,651
down €6,651 (-30.4%), from €21,893 to €15,242
- Gross operating margin +€8,669
up €8,669 (+11.1%), from €78,073 to €86,741
- Depreciation -€3,899
down €3,899 (-30.6%), from €12,739 to €8,840
- Financial charges +€2,889
up €2,889 (+15.0%), from €19,222 to €22,111
- Taxes +€1,762
up €1,762 (+19.3%), from €9,132 to €10,895
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 | €570,177 | €454,820 | -€115,358 | -20.2% |
| Fixed assets | 21/28 | €462,245 | €280,747 | -€181,498 | -39.3% |
| Tangible fixed assets | 22/27 | €447,245 | €265,747 | -€181,498 | -40.6% |
| Land and buildings | 22 | €446,281 | €255,417 | -€190,864 | -42.8% |
| Plant, machinery and equipment | 23 | - | €4,315 | +€4,315 | |
| Furniture and vehicles | 24 | €964 | €6,015 | +€5,051 | +524.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €107,932 | €174,073 | +€66,141 | +61.3% |
| Amounts receivable within one year | 40/41 | €19,500 | €17,873 | -€1,626 | -8.3% |
| Trade receivables | 40 | €16,132 | €10,400 | -€5,732 | -35.5% |
| Other amounts receivable | 41 | €3,368 | €7,473 | +€4,105 | +121.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €88,202 | €153,077 | +€64,876 | +73.6% |
| Deferred charges and accrued income | 490/1 | €231 | €3,122 | +€2,891 | +1251.7% |
| Total equity and liabilities | 10/49 | €570,177 | €454,820 | -€115,358 | -20.2% |
| Equity | 10/15 | €147,598 | €106,047 | -€41,551 | -28.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €146,098 | €104,547 | -€41,551 | -28.4% |
| Distributable reserves | 133 | €146,098 | €104,547 | -€41,551 | -28.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €422,579 | €348,773 | -€73,806 | -17.5% |
| Amounts payable after more than one year | 17 | €353,781 | €213,341 | -€140,440 | -39.7% |
| Financial debts | 170/4 | €353,781 | €213,341 | -€140,440 | -39.7% |
| Amounts payable within one year | 42/48 | €65,548 | €129,552 | +€64,004 | +97.6% |
| Current portion of amounts payable after more than one year | 42 | €21,893 | €15,242 | -€6,651 | -30.4% |
| Trade debts | 44 | €1,189 | €3,849 | +€2,660 | +223.7% |
| Suppliers | 440/4 | €1,189 | €3,849 | +€2,660 | +223.7% |
| Taxes, remuneration and social security | 45 | €6,599 | €4,424 | -€2,175 | -33.0% |
| Taxes | 450/3 | €6,599 | €4,424 | -€2,175 | -33.0% |
| Other amounts payable | 47/48 | €35,866 | €106,037 | +€70,170 | +195.6% |
| Accrued charges and deferred income | 492/3 | €3,250 | €5,879 | +€2,629 | +80.9% |
| Non-recurring operating income | 76A | - | €40,318 | +€40,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,739 | €8,840 | -€3,899 | -30.6% |
| Other operating charges | 640/8 | €1,865 | €1,984 | +€119 | +6.4% |
| Non-recurring operating charges | 66A | €2,655 | €4,463 | +€1,808 | +68.1% |
| Gross operating margin | 9900 | €78,073 | €86,741 | +€8,669 | +11.1% |
| Operating profit (loss) | 9901 | €60,814 | €71,454 | +€10,641 | +17.5% |
| Financial income | 75/76B | €51 | €0 | -€51 | -100.0% |
| Recurring financial income | 75 | €51 | €0 | -€51 | -100.0% |
| Financial charges | 65/66B | €19,222 | €22,111 | +€2,889 | +15.0% |
| Recurring financial charges | 65 | €19,222 | €22,111 | +€2,889 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €41,643 | €49,343 | +€7,701 | +18.5% |
| Income taxes | 67/77 | €9,132 | €10,895 | +€1,762 | +19.3% |
| Profit (loss) for the period | 9904 | €32,510 | €38,449 | +€5,938 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,510 | €38,449 | +€5,938 | +18.3% |
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 12 October 2026 via checked.be.