Perspective Ground: 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.
Perspective Ground
Largest movements
- Stocks and contracts -€446,142
down €446,142 (-16.9%), from €2.6m to €2.2m
- Cash +€45,048
up €45,048 (+2907.2%), from €1,550 to €46,597
mainly Debts after one year (+€2.2m) and Stocks and contracts (+€446,142)
- Other debts -€2.6m
down €2.6m (-99.9%), from €2.6m to €2,450
- Debts after one year +€2.2m
new in 2025: €2.2m
- Gross operating margin +€8,491
up €8,491 (+52.2%), from €16,256 to €24,747
- Financial charges +€6,462
up €6,462 (+2423.7%), from €267 to €6,729
- Other operating charges +€3,271
up €3,271 (+97.5%), from €3,354 to €6,625
- Taxes +€1,670
new in 2025: €1,670
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 | €2,646,035 | €2,261,941 | -€384,095 | -14.5% |
| Current assets | 29/58 | €2,646,035 | €2,261,941 | -€384,095 | -14.5% |
| Stocks and contracts in progress | 3 | €2,642,335 | €2,196,193 | -€446,142 | -16.9% |
| Stocks | 30/36 | €2,642,335 | €2,196,193 | -€446,142 | -16.9% |
| Amounts receivable within one year | 40/41 | €2,150 | €19,150 | +€17,000 | +790.5% |
| Trade receivables | 40 | €1,545 | €1,545 | = | 0.0% |
| Other amounts receivable | 41 | €605 | €17,605 | +€17,000 | +2809.9% |
| Cash at bank and in hand | 54/58 | €1,550 | €46,597 | +€45,048 | +2907.2% |
| Total equity and liabilities | 10/49 | €2,646,035 | €2,261,941 | -€384,095 | -14.5% |
| Equity | 10/15 | €286 | €11,679 | +€11,393 | +3977.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,714 | €6,679 | +€11,393 | |
| Amounts payable | 17/49 | €2,645,749 | €2,250,261 | -€395,487 | -14.9% |
| Amounts payable after more than one year | 17 | - | €2,243,299 | +€2.2m | |
| Other amounts payable | 178/9 | - | €2,243,299 | +€2.2m | |
| Amounts payable within one year | 42/48 | €2,645,749 | €6,963 | -€2.6m | -99.7% |
| Trade debts | 44 | €6,771 | €4,513 | -€2,259 | -33.4% |
| Suppliers | 440/4 | €6,771 | €4,513 | -€2,259 | -33.4% |
| Other amounts payable | 47/48 | €2,638,977 | €2,450 | -€2.6m | -99.9% |
| Other operating charges | 640/8 | €3,354 | €6,625 | +€3,271 | +97.5% |
| Gross operating margin | 9900 | €16,256 | €24,747 | +€8,491 | +52.2% |
| Operating profit (loss) | 9901 | €12,902 | €18,122 | +€5,220 | +40.5% |
| Financial charges | 65/66B | €267 | €6,729 | +€6,462 | +2423.7% |
| Recurring financial charges | 65 | €267 | €6,729 | +€6,462 | +2423.7% |
| Profit (loss) for the period before taxes | 9903 | €12,635 | €11,393 | -€1,243 | -9.8% |
| Income taxes | 67/77 | - | €1,670 | +€1,670 | |
| Profit (loss) for the period | 9904 | €12,635 | €9,723 | -€2,912 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,635 | €9,723 | -€2,912 | -23.0% |
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.