OVERSIDE: 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.
OVERSIDE
Largest movements
- Tangible fixed assets +€350,700
up €350,700 (+300.9%), from €116,555 to €467,255
- Cash -€22,844
down €22,844 (-88.9%), from €25,706 to €2,861
mainly Investment in fixed assets (net) (-€374,551) and Net result for the year (-€60,400)
- Debts after one year +€384,323
up €384,323 (+77.0%), from €498,888 to €883,210
of which Financial debts: +€313,613
- Profit (loss) carried forward -€60,400
down €60,400 (-15.3%), from -€394,886 to -€455,285
- Current portion of long-term debt +€13,838
new in 2025: €13,838
- Other debts -€9,999
down €9,999 (-100.0%), from €9,999 to €0
- Depreciation +€12,442
up €12,442 (+109.0%), from €11,410 to €23,851
- Financial charges +€11,433
up €11,433 (+19378.5%), from €59 to €11,492
- Gross operating margin +€3,064
up €3,064 (+17.7%), from €17,307 to €20,370
- Other operating charges +€2,288
up €2,288 (+141.2%), from €1,620 to €3,909
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 | €143,144 | €470,372 | +€327,228 | +228.6% |
| Fixed assets | 21/28 | €116,555 | €467,255 | +€350,700 | +300.9% |
| Tangible fixed assets | 22/27 | €116,555 | €467,255 | +€350,700 | +300.9% |
| Land and buildings | 22 | €116,555 | €467,255 | +€350,700 | +300.9% |
| Current assets | 29/58 | €26,589 | €3,118 | -€23,471 | -88.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,706 | €2,861 | -€22,844 | -88.9% |
| Deferred charges and accrued income | 490/1 | €883 | €256 | -€627 | -71.0% |
| Total equity and liabilities | 10/49 | €143,144 | €470,372 | +€327,228 | +228.6% |
| Equity | 10/15 | -€374,426 | -€434,825 | -€60,400 | -16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,886 | -€455,285 | -€60,400 | -15.3% |
| Amounts payable | 17/49 | €517,570 | €905,198 | +€387,628 | +74.9% |
| Amounts payable after more than one year | 17 | €498,888 | €883,210 | +€384,323 | +77.0% |
| Financial debts | 170/4 | - | €313,613 | +€313,613 | |
| Other amounts payable | 178/9 | €498,888 | €569,597 | +€70,709 | +14.2% |
| Amounts payable within one year | 42/48 | €14,282 | €21,987 | +€7,705 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,838 | +€13,838 | |
| Financial debts | 43 | - | €1,187 | +€1,187 | |
| Credit institutions | 430/8 | - | €1,187 | +€1,187 | |
| Trade debts | 44 | €4,283 | €6,963 | +€2,680 | +62.6% |
| Suppliers | 440/4 | €4,283 | €6,963 | +€2,680 | +62.6% |
| Other amounts payable | 47/48 | €9,999 | €0 | -€9,999 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,400 | €0 | -€4,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,410 | €23,851 | +€12,442 | +109.0% |
| Other operating charges | 640/8 | €1,620 | €3,909 | +€2,288 | +141.2% |
| Non-recurring operating charges | 66A | - | €41,699 | +€41,699 | |
| Gross operating margin | 9900 | €17,307 | €20,370 | +€3,064 | +17.7% |
| Operating profit (loss) | 9901 | €4,276 | -€49,089 | -€53,366 | |
| Financial income | 75/76B | - | €182 | +€182 | |
| Recurring financial income | 75 | - | €182 | +€182 | |
| Financial charges | 65/66B | €59 | €11,492 | +€11,433 | +19378.5% |
| Recurring financial charges | 65 | €59 | €11,492 | +€11,433 | +19378.5% |
| Profit (loss) for the period before taxes | 9903 | €4,217 | -€60,400 | -€64,617 | |
| Profit (loss) for the period | 9904 | €4,217 | -€60,400 | -€64,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,217 | -€60,400 | -€64,617 |
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 29 September 2026 via checked.be.