PENSION ADMINISTRATORS: 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.
PENSION ADMINISTRATORS
Largest movements
- Tangible fixed assets -€98,132
down €98,132 (-5.0%), from €2.0m to €1.9m
of which Land and buildings: -€87,404
- Other debts -€170,481
down €170,481 (-24.0%), from €711,107 to €540,626
- Reserves +€115,840
up €115,840 (+16.9%), from €685,754 to €801,594
- Debts after one year -€53,087
down €53,087 (-9.0%), from €590,358 to €537,271
- Gross operating margin -€59,728
down €59,728 (-12.2%), from €490,703 to €430,975
- Staff costs +€38,310
up €38,310 (+49.5%), from €77,364 to €115,674
- Other operating charges -€28,482
down €28,482 (-68.2%), from €41,775 to €13,293
- Taxes -€15,832
down €15,832 (-24.8%), from €63,933 to €48,101
- Financial charges -€11,288
down €11,288 (-27.5%), from €41,042 to €29,754
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,086,810 | €1,958,817 | -€127,993 | -6.1% |
| Fixed assets | 21/28 | €1,957,670 | €1,859,538 | -€98,132 | -5.0% |
| Tangible fixed assets | 22/27 | €1,957,670 | €1,859,538 | -€98,132 | -5.0% |
| Land and buildings | 22 | €1,903,883 | €1,816,479 | -€87,404 | -4.6% |
| Plant, machinery and equipment | 23 | €4,237 | €1,912 | -€2,325 | -54.9% |
| Furniture and vehicles | 24 | €49,550 | €41,147 | -€8,403 | -17.0% |
| Current assets | 29/58 | €129,140 | €99,279 | -€29,862 | -23.1% |
| Amounts receivable within one year | 40/41 | €66,974 | €50,598 | -€16,376 | -24.5% |
| Trade receivables | 40 | €18,622 | €27,786 | +€9,164 | +49.2% |
| Other amounts receivable | 41 | €48,352 | €22,812 | -€25,540 | -52.8% |
| Cash at bank and in hand | 54/58 | €60,259 | €45,563 | -€14,697 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,907 | €3,118 | +€1,211 | +63.5% |
| Total equity and liabilities | 10/49 | €2,086,810 | €1,958,817 | -€127,993 | -6.1% |
| Equity | 10/15 | €701,254 | €817,094 | +€115,840 | +16.5% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €685,754 | €801,594 | +€115,840 | +16.9% |
| Distributable reserves | 133 | €685,754 | €801,594 | +€115,840 | +16.9% |
| Amounts payable | 17/49 | €1,385,556 | €1,141,723 | -€243,833 | -17.6% |
| Amounts payable after more than one year | 17 | €590,358 | €537,271 | -€53,087 | -9.0% |
| Financial debts | 170/4 | €590,358 | €537,271 | -€53,087 | -9.0% |
| Amounts payable within one year | 42/48 | €795,198 | €604,452 | -€190,746 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €52,340 | €53,087 | +€747 | +1.4% |
| Trade debts | 44 | €7,593 | €896 | -€6,698 | -88.2% |
| Suppliers | 440/4 | €7,593 | €896 | -€6,698 | -88.2% |
| Taxes, remuneration and social security | 45 | €24,158 | €9,843 | -€14,315 | -59.3% |
| Taxes | 450/3 | €16,909 | - | -€16,909 | |
| Remuneration and social security | 454/9 | €7,248 | €9,843 | +€2,595 | +35.8% |
| Other amounts payable | 47/48 | €711,107 | €540,626 | -€170,481 | -24.0% |
| Remuneration, social security and pensions | 62 | €77,364 | €115,674 | +€38,310 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,639 | €109,008 | +€4,368 | +4.2% |
| Other operating charges | 640/8 | €41,775 | €13,293 | -€28,482 | -68.2% |
| Gross operating margin | 9900 | €490,703 | €430,975 | -€59,728 | -12.2% |
| Operating profit (loss) | 9901 | €266,925 | €193,000 | -€73,925 | -27.7% |
| Financial income | 75/76B | €856 | €695 | -€161 | -18.8% |
| Recurring financial income | 75 | €856 | €695 | -€161 | -18.8% |
| Financial charges | 65/66B | €41,042 | €29,754 | -€11,288 | -27.5% |
| Recurring financial charges | 65 | €41,042 | €29,754 | -€11,288 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €226,739 | €163,941 | -€62,798 | -27.7% |
| Income taxes | 67/77 | €63,933 | €48,101 | -€15,832 | -24.8% |
| Profit (loss) for the period | 9904 | €162,806 | €115,840 | -€46,966 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €162,806 | €115,840 | -€46,966 | -28.8% |
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 12 October 2026 via checked.be.