PL13: 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.
PL13
Largest movements
- Tangible fixed assets -€39,272
down €39,272 (-2.1%), from €1.9m to €1.8m
of which Land and buildings: -€39,009
- Debts after one year -€56,431
down €56,431 (-3.9%), from €1.4m to €1.4m
- Other debts +€20,140
up €20,140 (+5.2%), from €388,531 to €408,671
- Gross operating margin +€59,216
up €59,216 (+118.5%), from €49,987 to €109,203
- Financial charges +€10,475
up €10,475 (+20.3%), from €51,476 to €61,951
- Depreciation +€1,603
up €1,603 (+3.2%), from €50,636 to €52,239
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 | €1,859,260 | €1,814,879 | -€44,381 | -2.4% |
| Fixed assets | 21/28 | €1,851,648 | €1,812,376 | -€39,272 | -2.1% |
| Tangible fixed assets | 22/27 | €1,851,648 | €1,812,376 | -€39,272 | -2.1% |
| Land and buildings | 22 | €1,851,220 | €1,812,211 | -€39,009 | -2.1% |
| Furniture and vehicles | 24 | €428 | €165 | -€263 | -61.4% |
| Current assets | 29/58 | €7,612 | €2,503 | -€5,109 | -67.1% |
| Cash at bank and in hand | 54/58 | €7,612 | €2,503 | -€5,109 | -67.1% |
| Total equity and liabilities | 10/49 | €1,859,260 | €1,814,879 | -€44,381 | -2.4% |
| Equity | 10/15 | -€27,099 | -€33,128 | -€6,029 | -22.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,099 | -€93,128 | -€6,029 | -6.9% |
| Amounts payable | 17/49 | €1,886,359 | €1,848,007 | -€38,352 | -2.0% |
| Amounts payable after more than one year | 17 | €1,438,697 | €1,382,266 | -€56,431 | -3.9% |
| Financial debts | 170/4 | €1,438,697 | €1,382,266 | -€56,431 | -3.9% |
| Amounts payable within one year | 42/48 | €447,662 | €465,741 | +€18,079 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €54,155 | €56,431 | +€2,276 | +4.2% |
| Trade debts | 44 | €4,976 | €639 | -€4,337 | -87.2% |
| Suppliers | 440/4 | €4,976 | €639 | -€4,337 | -87.2% |
| Other amounts payable | 47/48 | €388,531 | €408,671 | +€20,140 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,636 | €52,239 | +€1,603 | +3.2% |
| Other operating charges | 640/8 | €1,104 | €1,042 | -€62 | -5.6% |
| Gross operating margin | 9900 | €49,987 | €109,203 | +€59,216 | +118.5% |
| Operating profit (loss) | 9901 | -€1,753 | €55,922 | +€57,675 | |
| Financial charges | 65/66B | €51,476 | €61,951 | +€10,475 | +20.3% |
| Recurring financial charges | 65 | €51,476 | €61,951 | +€10,475 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€53,229 | -€6,029 | +€47,200 | +88.7% |
| Profit (loss) for the period | 9904 | -€53,229 | -€6,029 | +€47,200 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,229 | -€6,029 | +€47,200 | +88.7% |
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 7 October 2026 via checked.be.