Pauline OCKERMAN: 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.
Pauline OCKERMAN
Largest movements
- Tangible fixed assets -€13,928
down €13,928 (-5.6%), from €250,541 to €236,613
of which Land and buildings: -€11,512
- Cash +€6,707
up €6,707 (+82.6%), from €8,118 to €14,825
mainly Depreciation (+€15,995) and Net result for the year (+€13,958)
- Debts after one year -€19,865
down €19,865 (-9.5%), from €210,194 to €190,329
of which Financial debts: -€12,865
- Profit (loss) carried forward +€13,958
up €13,958 (+66.2%), from €21,087 to €35,044
- Trade debts -€2,807
down €2,807 (-69.2%), from €4,055 to €1,248
- Gross operating margin +€15,269
up €15,269 (+56.3%), from €27,118 to €42,388
- Taxes +€1,532
up €1,532 (+62.8%), from €2,438 to €3,970
- Depreciation +€754
up €754 (+4.9%), from €15,241 to €15,995
- Other operating charges +€459
up €459 (+44.2%), from €1,039 to €1,499
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 | €260,715 | €253,783 | -€6,931 | -2.7% |
| Fixed assets | 21/28 | €250,541 | €236,613 | -€13,928 | -5.6% |
| Tangible fixed assets | 22/27 | €250,541 | €236,613 | -€13,928 | -5.6% |
| Land and buildings | 22 | €231,701 | €220,189 | -€11,512 | -5.0% |
| Plant, machinery and equipment | 23 | €12,418 | €10,814 | -€1,603 | -12.9% |
| Furniture and vehicles | 24 | €856 | €767 | -€89 | -10.4% |
| Other tangible fixed assets | 26 | €5,566 | €4,842 | -€724 | -13.0% |
| Current assets | 29/58 | €10,174 | €17,171 | +€6,997 | +68.8% |
| Amounts receivable within one year | 40/41 | €2,056 | €2,093 | +€37 | +1.8% |
| Other amounts receivable | 41 | €2,056 | €2,093 | +€37 | +1.8% |
| Cash at bank and in hand | 54/58 | €8,118 | €14,825 | +€6,707 | +82.6% |
| Deferred charges and accrued income | 490/1 | - | €253 | +€253 | |
| Total equity and liabilities | 10/49 | €260,715 | €253,783 | -€6,931 | -2.7% |
| Equity | 10/15 | €26,087 | €40,044 | +€13,958 | +53.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,087 | €35,044 | +€13,958 | +66.2% |
| Amounts payable | 17/49 | €234,628 | €213,739 | -€20,889 | -8.9% |
| Amounts payable after more than one year | 17 | €210,194 | €190,329 | -€19,865 | -9.5% |
| Financial debts | 170/4 | €203,194 | €190,329 | -€12,865 | -6.3% |
| Other amounts payable | 178/9 | €7,000 | - | -€7,000 | |
| Amounts payable within one year | 42/48 | €24,325 | €23,410 | -€915 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €12,020 | €12,365 | +€345 | +2.9% |
| Trade debts | 44 | €4,055 | €1,248 | -€2,807 | -69.2% |
| Suppliers | 440/4 | €4,055 | €1,248 | -€2,807 | -69.2% |
| Taxes, remuneration and social security | 45 | €3,626 | €4,026 | +€400 | +11.0% |
| Taxes | 450/3 | €1,900 | €1,750 | -€150 | -7.9% |
| Remuneration and social security | 454/9 | €1,725 | €2,275 | +€550 | +31.9% |
| Other amounts payable | 47/48 | €4,625 | €5,772 | +€1,147 | +24.8% |
| Accrued charges and deferred income | 492/3 | €109 | - | -€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,241 | €15,995 | +€754 | +4.9% |
| Other operating charges | 640/8 | €1,039 | €1,499 | +€459 | +44.2% |
| Gross operating margin | 9900 | €27,118 | €42,388 | +€15,269 | +56.3% |
| Operating profit (loss) | 9901 | €10,838 | €24,894 | +€14,056 | +129.7% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €6,843 | €7,003 | +€161 | +2.3% |
| Recurring financial charges | 65 | €6,843 | €7,003 | +€161 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €3,996 | €17,927 | +€13,931 | +348.7% |
| Income taxes | 67/77 | €2,438 | €3,970 | +€1,532 | +62.8% |
| Profit (loss) for the period | 9904 | €1,558 | €13,958 | +€12,399 | +795.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,558 | €13,958 | +€12,399 | +795.8% |
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 11 October 2026 via checked.be.