OpenAnalytics: 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.
OpenAnalytics
Largest movements
- Cash -€3.6m
down €3.6m (-41.8%), from €8.5m to €5.0m
mainly Contributions, distributions and other (-€6.7m) and Tax, wage and social debts (-€142,002)
- Receivables within one year -€1.4m
down €1.4m (-80.7%), from €1.7m to €329,728
of which Other amounts receivable: -€1.4m
- Tangible fixed assets -€308,903
down €308,903 (-5.1%), from €6.0m to €5.7m
of which Land and buildings: -€281,811
- Reserves -€4.9m
down €4.9m (-34.0%), from €14.4m to €9.5m
of which Distributable reserves: -€4.9m
- Financial income +€1.7m
up €1.7m (+738%), from €231,578 to €1.9m
- Taxes +€96,902
up €96,902 (+79.9%), from €121,352 to €218,254
- Depreciation +€95,293
up €95,293 (+31.2%), from €305,226 to €400,519
- Other operating charges +€24,405
up €24,405 (+204%), from €11,976 to €36,382
- Gross operating margin +€15,575
up €15,575 (+3.0%), from €520,507 to €536,082
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 | €16,379,894 | €11,230,640 | -€5.1m | -31.4% |
| Fixed assets | 21/28 | €6,074,983 | €5,766,080 | -€308,903 | -5.1% |
| Tangible fixed assets | 22/27 | €6,003,208 | €5,694,305 | -€308,903 | -5.1% |
| Land and buildings | 22 | €5,932,353 | €5,650,542 | -€281,811 | -4.8% |
| Furniture and vehicles | 24 | €70,855 | €43,763 | -€27,092 | -38.2% |
| Financial fixed assets | 28 | €71,775 | €71,775 | = | 0.0% |
| Current assets | 29/58 | €10,304,910 | €5,464,560 | -€4.8m | -47.0% |
| Amounts receivable after more than one year | 29 | - | €132,268 | +€132,268 | |
| Other amounts receivable | 291 | - | €132,268 | +€132,268 | |
| Amounts receivable within one year | 40/41 | €1,712,444 | €329,728 | -€1.4m | -80.7% |
| Trade receivables | 40 | €1,356 | €40,585 | +€39,228 | +2,892% |
| Other amounts receivable | 41 | €1,711,088 | €289,143 | -€1.4m | -83.1% |
| Cash at bank and in hand | 54/58 | €8,547,536 | €4,974,330 | -€3.6m | -41.8% |
| Deferred charges and accrued income | 490/1 | €44,930 | €28,234 | -€16,696 | -37.2% |
| Total equity and liabilities | 10/49 | €16,379,894 | €11,230,640 | -€5.1m | -31.4% |
| Equity | 10/15 | €14,386,029 | €9,496,592 | -€4.9m | -34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,379,829 | €9,490,392 | -€4.9m | -34.0% |
| Tax-exempt reserves | 132 | €4,060 | €4,060 | = | 0.0% |
| Distributable reserves | 133 | €14,375,769 | €9,486,332 | -€4.9m | -34.0% |
| Amounts payable | 17/49 | €1,993,865 | €1,734,048 | -€259,817 | -13.0% |
| Amounts payable after more than one year | 17 | €1,390,408 | €1,274,228 | -€116,179 | -8.4% |
| Financial debts | 170/4 | €1,390,408 | €1,274,228 | -€116,179 | -8.4% |
| Amounts payable within one year | 42/48 | €600,886 | €459,029 | -€141,856 | -23.6% |
| Trade debts | 44 | €29,901 | €41,742 | +€11,841 | +39.6% |
| Suppliers | 440/4 | €29,901 | €41,742 | +€11,841 | +39.6% |
| Advances received on contracts in progress | 46 | €52,900 | €52,900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €491,544 | €349,542 | -€142,002 | -28.9% |
| Taxes | 450/3 | €491,544 | €349,542 | -€142,002 | -28.9% |
| Other amounts payable | 47/48 | €26,541 | €14,845 | -€11,695 | -44.1% |
| Accrued charges and deferred income | 492/3 | €2,572 | €790 | -€1,782 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,226 | €400,519 | +€95,293 | +31.2% |
| Other operating charges | 640/8 | €11,976 | €36,382 | +€24,405 | +204% |
| Gross operating margin | 9900 | €520,507 | €536,082 | +€15,575 | +3.0% |
| Operating profit (loss) | 9901 | €203,304 | €99,182 | -€104,123 | -51.2% |
| Financial income | 75/76B | €231,578 | €1,940,821 | +€1.7m | +738% |
| Recurring financial income | 75 | €231,578 | €1,940,821 | +€1.7m | +738% |
| Financial charges | 65/66B | €54,788 | €49,884 | -€4,904 | -9.0% |
| Recurring financial charges | 65 | €54,788 | €49,884 | -€4,904 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €380,094 | €1,990,118 | +€1.6m | +424% |
| Income taxes | 67/77 | €121,352 | €218,254 | +€96,902 | +79.9% |
| Profit (loss) for the period | 9904 | €258,742 | €1,771,864 | +€1.5m | +585% |
| Profit (loss) for the period to be appropriated | 9905 | €258,742 | €1,771,864 | +€1.5m | +585% |
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 26 October 2026 via checked.be.