Our Untold Stories: what changed
Our Untold Stories
Largest movements
- Tangible fixed assets +€99,309
up €99,309 (+709%), from €14,011 to €113,320
of which Land and buildings: +€99,317
- Cash +€51,012
up €51,012 (+512%), from €9,959 to €60,971
mainly Net result for the year (+€77,172) and Debts after one year (+€62,136)
- Receivables within one year +€10,376
up €10,376 (+65.9%), from €15,736 to €26,112
- Reserves +€77,172
up €77,172 (+420%), from €18,365 to €95,537
- Debts after one year +€62,136
new in 2025: €62,136
- Other debts +€16,674
up €16,674 (+102%), from €16,280 to €32,955
- Tax, wage and social debts +€2,576
up €2,576 (+73.7%), from €3,496 to €6,072
- Current portion of long-term debt +€2,301
new in 2025: €2,301
- Gross operating margin +€79,251
up €79,251 (+271%), from €29,241 to €108,492
- Taxes +€15,731
up €15,731 (+297%), from €5,296 to €21,027
- Depreciation +€3,464
up €3,464 (+66.4%), from €5,220 to €8,684
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,980 | €201,792 | +€160,812 | +392% |
| Formation expenses | 20 | €608 | €0 | -€608 | -100% |
| Fixed assets | 21/28 | €14,011 | €113,320 | +€99,309 | +709% |
| Tangible fixed assets | 22/27 | €14,011 | €113,320 | +€99,309 | +709% |
| Land and buildings | 22 | - | €99,317 | +€99,317 | |
| Furniture and vehicles | 24 | €14,011 | €8,302 | -€5,708 | -40.7% |
| Other tangible fixed assets | 26 | - | €5,700 | +€5,700 | |
| Current assets | 29/58 | €26,361 | €88,472 | +€62,111 | +236% |
| Amounts receivable within one year | 40/41 | €15,736 | €26,112 | +€10,376 | +65.9% |
| Trade receivables | 40 | €15,736 | €26,112 | +€10,376 | +65.9% |
| Cash at bank and in hand | 54/58 | €9,959 | €60,971 | +€51,012 | +512% |
| Deferred charges and accrued income | 490/1 | €666 | €1,389 | +€723 | +108% |
| Total equity and liabilities | 10/49 | €40,980 | €201,792 | +€160,812 | +392% |
| Equity | 10/15 | €19,865 | €97,037 | +€77,172 | +388% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €18,365 | €95,537 | +€77,172 | +420% |
| Distributable reserves | 133 | €18,365 | €95,537 | +€77,172 | +420% |
| Amounts payable | 17/49 | €21,114 | €104,755 | +€83,640 | +396% |
| Amounts payable after more than one year | 17 | - | €62,136 | +€62,136 | |
| Financial debts | 170/4 | - | €62,136 | +€62,136 | |
| Amounts payable within one year | 42/48 | €21,114 | €42,619 | +€21,504 | +102% |
| Current portion of amounts payable after more than one year | 42 | - | €2,301 | +€2,301 | |
| Trade debts | 44 | €1,338 | €1,291 | -€47 | -3.5% |
| Suppliers | 440/4 | €1,338 | €1,291 | -€47 | -3.5% |
| Taxes, remuneration and social security | 45 | €3,496 | €6,072 | +€2,576 | +73.7% |
| Taxes | 450/3 | €3,496 | €6,072 | +€2,576 | +73.7% |
| Other amounts payable | 47/48 | €16,280 | €32,955 | +€16,674 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,220 | €8,684 | +€3,464 | +66.4% |
| Other operating charges | 640/8 | €348 | €680 | +€332 | +95.6% |
| Gross operating margin | 9900 | €29,241 | €108,492 | +€79,251 | +271% |
| Operating profit (loss) | 9901 | €23,674 | €99,129 | +€75,455 | +319% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €12 | €932 | +€919 | +7,373% |
| Recurring financial charges | 65 | €12 | €932 | +€919 | +7,373% |
| Profit (loss) for the period before taxes | 9903 | €23,662 | €98,198 | +€74,537 | +315% |
| Income taxes | 67/77 | €5,296 | €21,027 | +€15,731 | +297% |
| Profit (loss) for the period | 9904 | €18,365 | €77,172 | +€58,806 | +320% |
| Profit (loss) for the period to be appropriated | 9905 | €18,365 | €77,172 | +€58,806 | +320% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.