ORIGINAL SCRIPT: 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.
ORIGINAL SCRIPT
Largest movements
- Tangible fixed assets -€10,360
down €10,360 (-6.3%), from €164,922 to €154,561
of which Land and buildings: -€8,845
- Current investments -€6,618
down €6,618 (-6.1%), from €109,203 to €102,586
- Receivables within one year +€3,416
up €3,416 (+10.1%), from €33,939 to €37,355
of which Other amounts receivable: +€1,857
- Debts after one year -€19,980
down €19,980 (-92.2%), from €21,663 to €1,684
- Provisions +€4,950
up €4,950 (+51.8%), from €9,550 to €14,500
- Gross operating margin -€4,508
down €4,508 (-23.9%), from €18,881 to €14,373
- Depreciation -€902
down €902 (-8.0%), from €11,262 to €10,360
- Taxes -€699
down €699 (-29.2%), from €2,390 to €1,691
- Financial charges -€411
down €411 (-44.7%), from €919 to €508
- Other operating charges -€399
down €399 (-42.1%), from €949 to €550
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,246 | €297,875 | -€11,371 | -3.7% |
| Fixed assets | 21/28 | €165,777 | €157,837 | -€7,940 | -4.8% |
| Tangible fixed assets | 22/27 | €164,922 | €154,561 | -€10,360 | -6.3% |
| Land and buildings | 22 | €162,776 | €153,931 | -€8,845 | -5.4% |
| Furniture and vehicles | 24 | €2,145 | €630 | -€1,515 | -70.6% |
| Financial fixed assets | 28 | €856 | €3,276 | +€2,420 | +282.9% |
| Current assets | 29/58 | €143,469 | €140,038 | -€3,431 | -2.4% |
| Amounts receivable within one year | 40/41 | €33,939 | €37,355 | +€3,416 | +10.1% |
| Trade receivables | 40 | €19,771 | €21,330 | +€1,559 | +7.9% |
| Other amounts receivable | 41 | €14,168 | €16,025 | +€1,857 | +13.1% |
| Current investments | 50/53 | €109,203 | €102,586 | -€6,618 | -6.1% |
| Deferred charges and accrued income | 490/1 | €326 | €97 | -€229 | -70.2% |
| Total equity and liabilities | 10/49 | €309,246 | €297,875 | -€11,371 | -3.7% |
| Equity | 10/15 | €232,011 | €233,276 | +€1,265 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €84,021 | €84,021 | = | 0.0% |
| Reserves | 13 | €23,505 | €23,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,305 | €17,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,485 | €63,750 | +€1,265 | +2.0% |
| Provisions and deferred taxes | 16 | €9,550 | €14,500 | +€4,950 | +51.8% |
| Provisions for liabilities and charges | 160/5 | €9,550 | €14,500 | +€4,950 | +51.8% |
| Environmental obligations | 163 | €7,260 | €7,260 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,290 | €7,240 | +€4,950 | +216.2% |
| Amounts payable | 17/49 | €67,685 | €50,099 | -€17,586 | -26.0% |
| Amounts payable after more than one year | 17 | €21,663 | €1,684 | -€19,980 | -92.2% |
| Financial debts | 170/4 | €21,663 | €1,684 | -€19,980 | -92.2% |
| Amounts payable within one year | 42/48 | €45,373 | €48,415 | +€3,042 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €12,384 | €12,384 | = | 0.0% |
| Trade debts | 44 | €27,747 | €28,607 | +€860 | +3.1% |
| Suppliers | 440/4 | €27,747 | €28,607 | +€860 | +3.1% |
| Taxes, remuneration and social security | 45 | €5,242 | €6,226 | +€984 | +18.8% |
| Taxes | 450/3 | €5,242 | €6,226 | +€984 | +18.8% |
| Other amounts payable | 47/48 | - | €1,198 | +€1,198 | |
| Accrued charges and deferred income | 492/3 | €649 | - | -€649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,262 | €10,360 | -€902 | -8.0% |
| Other operating charges | 640/8 | €949 | €550 | -€399 | -42.1% |
| Gross operating margin | 9900 | €18,881 | €14,373 | -€4,508 | -23.9% |
| Operating profit (loss) | 9901 | €6,669 | €3,463 | -€3,207 | -48.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €919 | €508 | -€411 | -44.7% |
| Recurring financial charges | 65 | €919 | €508 | -€411 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €5,750 | €2,956 | -€2,794 | -48.6% |
| Income taxes | 67/77 | €2,390 | €1,691 | -€699 | -29.2% |
| Profit (loss) for the period | 9904 | €3,360 | €1,265 | -€2,095 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,360 | €1,265 | -€2,095 | -62.3% |
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 2 October 2026 via checked.be.