Over the moon: 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.
Over the moon
Largest movements
- Stocks and contracts +€28,565
up €28,565 (+28.5%), from €100,386 to €128,951
- Cash -€10,108
down €10,108 (-8.5%), from €118,854 to €108,746
mainly Stocks and contracts (-€28,565) and Contributions, distributions and other (-€16,000)
- Receivables within one year -€8,360
down €8,360 (-39.6%), from €21,110 to €12,750
of which Other amounts receivable: -€11,548
- Tangible fixed assets -€2,993
down €2,993 (-33.6%), from €8,917 to €5,923
of which Other tangible fixed assets: -€4,456
- Reserves +€35,925
up €35,925 (+24.3%), from €147,921 to €183,846
- Profit (loss) carried forward -€16,000
no longer reported in 2025 (was €16,000)
- Accrued charges and deferred income -€3,563
down €3,563 (-69.0%), from €5,163 to €1,600
- Tax, wage and social debts -€2,946
down €2,946 (-5.7%), from €51,489 to €48,543
of which Remuneration and social security: -€1,580
- Gross operating margin -€25,197
down €25,197 (-16.6%), from €151,363 to €126,166
- Staff costs +€17,235
up €17,235 (+37.8%), from €45,619 to €62,854
- Taxes -€15,612
down €15,612 (-53.8%), from €28,999 to €13,387
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 | €249,548 | €258,475 | +€8,927 | +3.6% |
| Fixed assets | 21/28 | €9,128 | €7,956 | -€1,172 | -12.8% |
| Intangible fixed assets | 21 | - | €1,821 | +€1,821 | |
| Tangible fixed assets | 22/27 | €8,917 | €5,923 | -€2,993 | -33.6% |
| Plant, machinery and equipment | 23 | - | €2,195 | +€2,195 | |
| Furniture and vehicles | 24 | €1,572 | €839 | -€733 | -46.6% |
| Other tangible fixed assets | 26 | €7,345 | €2,889 | -€4,456 | -60.7% |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €240,419 | €250,519 | +€10,099 | +4.2% |
| Stocks and contracts in progress | 3 | €100,386 | €128,951 | +€28,565 | +28.5% |
| Stocks | 30/36 | €100,386 | €128,951 | +€28,565 | +28.5% |
| Amounts receivable within one year | 40/41 | €21,110 | €12,750 | -€8,360 | -39.6% |
| Trade receivables | 40 | €4,735 | €7,923 | +€3,188 | +67.3% |
| Other amounts receivable | 41 | €16,376 | €4,828 | -€11,548 | -70.5% |
| Cash at bank and in hand | 54/58 | €118,854 | €108,746 | -€10,108 | -8.5% |
| Deferred charges and accrued income | 490/1 | €70 | €71 | +€2 | +2.7% |
| Total equity and liabilities | 10/49 | €249,548 | €258,475 | +€8,927 | +3.6% |
| Equity | 10/15 | €166,421 | €186,346 | +€19,925 | +12.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €147,921 | €183,846 | +€35,925 | +24.3% |
| Distributable reserves | 133 | €147,921 | €183,846 | +€35,925 | +24.3% |
| Profit (loss) carried forward | 14 | €16,000 | - | -€16,000 | |
| Amounts payable | 17/49 | €83,127 | €72,129 | -€10,998 | -13.2% |
| Amounts payable within one year | 42/48 | €77,964 | €70,529 | -€7,435 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €2,250 | - | -€2,250 | |
| Trade debts | 44 | €24,225 | €21,986 | -€2,239 | -9.2% |
| Suppliers | 440/4 | €24,225 | €21,986 | -€2,239 | -9.2% |
| Taxes, remuneration and social security | 45 | €51,489 | €48,543 | -€2,946 | -5.7% |
| Taxes | 450/3 | €37,465 | €36,098 | -€1,367 | -3.6% |
| Remuneration and social security | 454/9 | €14,024 | €12,445 | -€1,580 | -11.3% |
| Accrued charges and deferred income | 492/3 | €5,163 | €1,600 | -€3,563 | -69.0% |
| Remuneration, social security and pensions | 62 | €45,619 | €62,854 | +€17,235 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,225 | €6,392 | +€167 | +2.7% |
| Other operating charges | 640/8 | €4,656 | €4,800 | +€144 | +3.1% |
| Gross operating margin | 9900 | €151,363 | €126,166 | -€25,197 | -16.6% |
| Operating profit (loss) | 9901 | €94,863 | €52,120 | -€42,743 | -45.1% |
| Financial income | 75/76B | €867 | €643 | -€224 | -25.9% |
| Recurring financial income | 75 | €867 | €643 | -€224 | -25.9% |
| Financial charges | 65/66B | €3,084 | €3,450 | +€367 | +11.9% |
| Recurring financial charges | 65 | €3,084 | €3,450 | +€367 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €92,646 | €49,312 | -€43,334 | -46.8% |
| Income taxes | 67/77 | €28,999 | €13,387 | -€15,612 | -53.8% |
| Profit (loss) for the period | 9904 | €63,647 | €35,925 | -€27,722 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,647 | €35,925 | -€27,722 | -43.6% |
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 7 October 2026 via checked.be.