Past Time: 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.
Past Time
Largest movements
- Current investments +€506,145
new in 2025: €506,145
- Cash -€505,333
down €505,333 (-96.6%), from €522,997 to €17,664
mainly Current investments (-€506,145) and Net result for the year (-€15,402)
- Tangible fixed assets -€29,057
down €29,057 (-11.0%), from €265,225 to €236,168
of which Other tangible fixed assets: -€26,479
- Profit (loss) carried forward -€15,403
down €15,403 (-2.7%), from €578,664 to €563,261
- Trade debts -€13,264
down €13,264 (-46.2%), from €28,713 to €15,449
- Other operating charges -€11,993
down €11,993 (-40.7%), from €29,488 to €17,495
- Gross operating margin -€11,418
down €11,418 (-33.9%), from €33,705 to €22,287
- Financial income +€10,649
up €10,649 (+634.5%), from €1,678 to €12,327
- Taxes +€1,436
up €1,436 (+264.1%), from €544 to €1,980
- Financial charges +€1,330
up €1,330 (+860.7%), from €154 to €1,484
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 | €788,222 | €760,016 | -€28,206 | -3.6% |
| Fixed assets | 21/28 | €265,225 | €236,168 | -€29,057 | -11.0% |
| Tangible fixed assets | 22/27 | €265,225 | €236,168 | -€29,057 | -11.0% |
| Land and buildings | 22 | €137,423 | €135,064 | -€2,359 | -1.7% |
| Plant, machinery and equipment | 23 | €655 | €436 | -€219 | -33.5% |
| Other tangible fixed assets | 26 | €127,147 | €100,668 | -€26,479 | -20.8% |
| Current assets | 29/58 | €522,997 | €523,848 | +€852 | +0.2% |
| Current investments | 50/53 | - | €506,145 | +€506,145 | |
| Cash at bank and in hand | 54/58 | €522,997 | €17,664 | -€505,333 | -96.6% |
| Deferred charges and accrued income | 490/1 | - | €39 | +€39 | |
| Total equity and liabilities | 10/49 | €788,222 | €760,016 | -€28,206 | -3.6% |
| Equity | 10/15 | €735,456 | €720,054 | -€15,402 | -2.1% |
| Contributions | 10/11 | €142,539 | €142,539 | +€0 | 0.0% |
| Capital | 10 | €142,539 | €142,539 | +€0 | 0.0% |
| Issued capital | 100 | €142,539 | €142,539 | +€0 | 0.0% |
| Reserves | 13 | €14,254 | €14,254 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €14,254 | €14,254 | +€0 | 0.0% |
| Legal reserve | 130 | €14,254 | €14,254 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €578,664 | €563,261 | -€15,403 | -2.7% |
| Amounts payable | 17/49 | €52,766 | €39,962 | -€12,804 | -24.3% |
| Amounts payable within one year | 42/48 | €52,766 | €39,962 | -€12,804 | -24.3% |
| Trade debts | 44 | €28,713 | €15,449 | -€13,264 | -46.2% |
| Suppliers | 440/4 | €28,713 | €15,449 | -€13,264 | -46.2% |
| Other amounts payable | 47/48 | €24,053 | €24,513 | +€460 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,335 | €29,057 | -€278 | -0.9% |
| Other operating charges | 640/8 | €29,488 | €17,495 | -€11,993 | -40.7% |
| Gross operating margin | 9900 | €33,705 | €22,287 | -€11,418 | -33.9% |
| Operating profit (loss) | 9901 | -€25,118 | -€24,265 | +€853 | +3.4% |
| Financial income | 75/76B | €1,678 | €12,327 | +€10,649 | +634.5% |
| Recurring financial income | 75 | €1,678 | €12,327 | +€10,649 | +634.5% |
| Financial charges | 65/66B | €154 | €1,484 | +€1,330 | +860.7% |
| Recurring financial charges | 65 | €154 | €1,484 | +€1,330 | +860.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,594 | -€13,422 | +€10,172 | +43.1% |
| Income taxes | 67/77 | €544 | €1,980 | +€1,436 | +264.1% |
| Profit (loss) for the period | 9904 | -€24,138 | -€15,402 | +€8,736 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,138 | -€15,402 | +€8,736 | +36.2% |
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 5 October 2026 via checked.be.