OVERBLACK: 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.
OVERBLACK
Largest movements
- Tangible fixed assets -€25,586
down €25,586 (-2.8%), from €925,443 to €899,858
of which Land and buildings: -€54,027
- Receivables within one year -€20,248
down €20,248 (-60.9%), from €33,230 to €12,981
of which Other amounts receivable: -€25,415
- Tax, wage and social debts -€117,157
down €117,157 (-98.4%), from €119,088 to €1,931
- Other debts +€51,754
new in 2025: €51,754
- Reserves +€34,642
up €34,642 (+5.8%), from €601,858 to €636,500
of which Distributable reserves: +€34,642
- Trade debts -€17,305
down €17,305 (-87.0%), from €19,891 to €2,586
- Gross operating margin +€426,509
up €426,509, from -€88,675 to €337,834
- Taxes +€45,957
up €45,957 (+19478.5%), from €236 to €46,193
- Depreciation +€8,976
up €8,976 (+14.2%), from €63,230 to €72,206
- Financial income -€3,419
down €3,419 (-94.4%), from €3,622 to €203
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 | €1,224,528 | €1,172,653 | -€51,876 | -4.2% |
| Fixed assets | 21/28 | €926,003 | €899,967 | -€26,036 | -2.8% |
| Intangible fixed assets | 21 | €560 | €110 | -€450 | -80.4% |
| Tangible fixed assets | 22/27 | €925,443 | €899,858 | -€25,586 | -2.8% |
| Land and buildings | 22 | €861,604 | €807,577 | -€54,027 | -6.3% |
| Plant, machinery and equipment | 23 | €58,433 | €84,993 | +€26,561 | +45.5% |
| Furniture and vehicles | 24 | €2,781 | €7,287 | +€4,506 | +162.0% |
| Assets under construction and advance payments | 27 | €2,625 | - | -€2,625 | |
| Current assets | 29/58 | €298,525 | €272,685 | -€25,840 | -8.7% |
| Amounts receivable within one year | 40/41 | €33,230 | €12,981 | -€20,248 | -60.9% |
| Trade receivables | 40 | €794 | €5,960 | +€5,166 | +650.9% |
| Other amounts receivable | 41 | €32,436 | €7,021 | -€25,415 | -78.4% |
| Cash at bank and in hand | 54/58 | €265,169 | €259,472 | -€5,697 | -2.1% |
| Deferred charges and accrued income | 490/1 | €127 | €232 | +€105 | +83.1% |
| Total equity and liabilities | 10/49 | €1,224,528 | €1,172,653 | -€51,876 | -4.2% |
| Equity | 10/15 | €1,080,776 | €1,116,381 | +€35,606 | +3.3% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €601,858 | €636,500 | +€34,642 | +5.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €562,358 | €597,000 | +€34,642 | +6.2% |
| Profit (loss) carried forward | 14 | €183,917 | €184,881 | +€964 | +0.5% |
| Amounts payable | 17/49 | €143,753 | €56,271 | -€87,482 | -60.9% |
| Amounts payable within one year | 42/48 | €143,753 | €56,271 | -€87,482 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €4,774 | - | -€4,774 | |
| Trade debts | 44 | €19,891 | €2,586 | -€17,305 | -87.0% |
| Suppliers | 440/4 | €19,891 | €2,586 | -€17,305 | -87.0% |
| Taxes, remuneration and social security | 45 | €119,088 | €1,931 | -€117,157 | -98.4% |
| Taxes | 450/3 | €119,088 | €1,931 | -€117,157 | -98.4% |
| Other amounts payable | 47/48 | - | €51,754 | +€51,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,230 | €72,206 | +€8,976 | +14.2% |
| Other operating charges | 640/8 | €2,832 | €848 | -€1,984 | -70.0% |
| Non-recurring operating charges | 66A | €7,371 | - | -€7,371 | |
| Gross operating margin | 9900 | -€88,675 | €337,834 | +€426,509 | |
| Operating profit (loss) | 9901 | -€162,109 | €264,780 | +€426,888 | |
| Financial income | 75/76B | €3,622 | €203 | -€3,419 | -94.4% |
| Recurring financial income | 75 | €3,622 | €203 | -€3,419 | -94.4% |
| Financial charges | 65/66B | €351 | €825 | +€474 | +135.1% |
| Recurring financial charges | 65 | €351 | €825 | +€474 | +135.1% |
| Profit (loss) for the period before taxes | 9903 | -€158,838 | €264,158 | +€422,995 | |
| Income taxes | 67/77 | €236 | €46,193 | +€45,957 | +19478.5% |
| Profit (loss) for the period | 9904 | -€159,074 | €217,964 | +€377,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€159,074 | €217,964 | +€377,038 |
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 10 October 2026 via checked.be.