OPEN DOEK: 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.
OPEN DOEK
Largest movements
- Tangible fixed assets -€296,916
down €296,916 (-91.2%), from €325,540 to €28,624
of which Land and buildings: -€285,740
- Receivables within one year -€127,544
down €127,544 (-57.1%), from €223,290 to €95,746
of which Trade receivables: -€146,697
- Current investments +€65,463
up €65,463 (+7.5%), from €872,039 to €937,502
- Cash +€63,600
up €63,600 (+34.7%), from €183,087 to €246,687
mainly Other debts (+€418,243) and Investment in fixed assets (net) (+€285,086)
- Reserves -€657,900
down €657,900 (-45.1%), from €1.5m to €799,860
- Other debts +€418,243
up €418,243 (+95.3%), from €438,896 to €857,139
- Trade debts -€41,551
down €41,551 (-51.3%), from €81,059 to €39,508
- Gross operating margin -€86,599
down €86,599 (-25.1%), from €345,442 to €258,844
- Taxes -€18,507
down €18,507 (-17.8%), from €104,239 to €85,732
- Financial income +€16,523
up €16,523 (+97.6%), from €16,923 to €33,446
- Depreciation -€10,142
down €10,142 (-46.2%), from €21,972 to €11,830
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 | €2,010,630 | €1,714,290 | -€296,340 | -14.7% |
| Fixed assets | 21/28 | €325,565 | €28,649 | -€296,916 | -91.2% |
| Tangible fixed assets | 22/27 | €325,540 | €28,624 | -€296,916 | -91.2% |
| Land and buildings | 22 | €285,740 | €0 | -€285,740 | -100% |
| Plant, machinery and equipment | 23 | €1,522 | €1,587 | +€65 | +4.3% |
| Furniture and vehicles | 24 | €38,278 | €27,036 | -€11,242 | -29.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,685,065 | €1,685,642 | +€577 | 0.0% |
| Amounts receivable after more than one year | 29 | €404,626 | €395,917 | -€8,709 | -2.2% |
| Other amounts receivable | 291 | €404,626 | €395,917 | -€8,709 | -2.2% |
| Amounts receivable within one year | 40/41 | €223,290 | €95,746 | -€127,544 | -57.1% |
| Trade receivables | 40 | €221,236 | €74,539 | -€146,697 | -66.3% |
| Other amounts receivable | 41 | €2,053 | €21,207 | +€19,154 | +933% |
| Current investments | 50/53 | €872,039 | €937,502 | +€65,463 | +7.5% |
| Cash at bank and in hand | 54/58 | €183,087 | €246,687 | +€63,600 | +34.7% |
| Deferred charges and accrued income | 490/1 | €2,024 | €9,790 | +€7,766 | +384% |
| Total equity and liabilities | 10/49 | €2,010,630 | €1,714,290 | -€296,340 | -14.7% |
| Equity | 10/15 | €1,464,824 | €806,985 | -€657,839 | -44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,457,760 | €799,860 | -€657,900 | -45.1% |
| Distributable reserves | 133 | €1,457,760 | €799,860 | -€657,900 | -45.1% |
| Profit (loss) carried forward | 14 | €864 | €925 | +€61 | +7.1% |
| Amounts payable | 17/49 | €545,806 | €907,305 | +€361,499 | +66.2% |
| Amounts payable within one year | 42/48 | €545,806 | €905,526 | +€359,720 | +65.9% |
| Financial debts | 43 | €28 | €60 | +€33 | +118% |
| Credit institutions | 430/8 | €28 | €60 | +€33 | +118% |
| Trade debts | 44 | €81,059 | €39,508 | -€41,551 | -51.3% |
| Suppliers | 440/4 | €81,059 | €39,508 | -€41,551 | -51.3% |
| Taxes, remuneration and social security | 45 | €25,823 | €8,818 | -€17,005 | -65.9% |
| Taxes | 450/3 | €21,633 | €8,818 | -€12,815 | -59.2% |
| Remuneration and social security | 454/9 | €4,190 | €0 | -€4,190 | -100% |
| Other amounts payable | 47/48 | €438,896 | €857,139 | +€418,243 | +95.3% |
| Accrued charges and deferred income | 492/3 | - | €1,779 | +€1,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,972 | €11,830 | -€10,142 | -46.2% |
| Other operating charges | 640/8 | €3,936 | €4,310 | +€373 | +9.5% |
| Gross operating margin | 9900 | €345,442 | €258,844 | -€86,599 | -25.1% |
| Operating profit (loss) | 9901 | €319,534 | €242,704 | -€76,830 | -24.0% |
| Financial income | 75/76B | €16,923 | €33,446 | +€16,523 | +97.6% |
| Recurring financial income | 75 | €16,923 | €33,446 | +€16,523 | +97.6% |
| Financial charges | 65/66B | €1,846 | €1,656 | -€190 | -10.3% |
| Recurring financial charges | 65 | €1,846 | €1,656 | -€190 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €334,611 | €274,493 | -€60,117 | -18.0% |
| Income taxes | 67/77 | €104,239 | €85,732 | -€18,507 | -17.8% |
| Profit (loss) for the period | 9904 | €230,372 | €188,761 | -€41,611 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €230,372 | €188,761 | -€41,611 | -18.1% |
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 18 October 2026 via checked.be.