Place4B: 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.
Place4B
Largest movements
- Tangible fixed assets -€94,224
down €94,224 (-3.8%), from €2.5m to €2.4m
- Receivables within one year +€34,170
up €34,170 (+15.4%), from €221,180 to €255,350
- Debts after one year -€78,960
down €78,960 (-7.8%), from €1.0m to €927,880
- Gross operating margin -€72,612
down €72,612 (-27.5%), from €264,485 to €191,873
- Taxes +€27,505
up €27,505 (+254.3%), from €10,817 to €38,322
- Financial charges -€11,789
down €11,789 (-21.5%), from €54,918 to €43,128
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 | €2,700,968 | €2,640,595 | -€60,373 | -2.2% |
| Fixed assets | 21/28 | €2,478,210 | €2,383,986 | -€94,224 | -3.8% |
| Tangible fixed assets | 22/27 | €2,478,210 | €2,383,986 | -€94,224 | -3.8% |
| Land and buildings | 22 | €2,478,210 | €2,383,986 | -€94,224 | -3.8% |
| Current assets | 29/58 | €222,758 | €256,609 | +€33,851 | +15.2% |
| Amounts receivable within one year | 40/41 | €221,180 | €255,350 | +€34,170 | +15.4% |
| Other amounts receivable | 41 | €221,180 | €255,350 | +€34,170 | +15.4% |
| Cash at bank and in hand | 54/58 | €1,578 | €1,259 | -€319 | -20.2% |
| Total equity and liabilities | 10/49 | €2,700,968 | €2,640,595 | -€60,373 | -2.2% |
| Equity | 10/15 | €1,594,519 | €1,602,761 | +€8,242 | +0.5% |
| Contributions | 10/11 | €181,379 | €181,379 | = | 0.0% |
| Revaluation surpluses | 12 | €628,831 | €628,831 | = | 0.0% |
| Reserves | 13 | €784,309 | €792,550 | +€8,242 | +1.1% |
| Non-distributable reserves | 130/1 | €358,905 | €358,905 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Financial assistance | 1313 | €358,905 | €358,905 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,484 | €59,484 | = | 0.0% |
| Distributable reserves | 133 | €365,920 | €374,162 | +€8,242 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,106,450 | €1,037,835 | -€68,615 | -6.2% |
| Amounts payable after more than one year | 17 | €1,006,840 | €927,880 | -€78,960 | -7.8% |
| Financial debts | 170/4 | €1,006,840 | €927,880 | -€78,960 | -7.8% |
| Amounts payable within one year | 42/48 | €99,610 | €109,955 | +€10,345 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €78,960 | €85,540 | +€6,580 | +8.3% |
| Taxes, remuneration and social security | 45 | €10,817 | €17,512 | +€6,695 | +61.9% |
| Taxes | 450/3 | €10,817 | €17,512 | +€6,695 | +61.9% |
| Other amounts payable | 47/48 | €9,832 | €6,903 | -€2,930 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,224 | €94,224 | = | 0.0% |
| Other operating charges | 640/8 | €11,618 | €12,159 | +€541 | +4.7% |
| Gross operating margin | 9900 | €264,485 | €191,873 | -€72,612 | -27.5% |
| Operating profit (loss) | 9901 | €158,643 | €85,490 | -€73,153 | -46.1% |
| Financial income | 75/76B | €2,745 | €4,202 | +€1,458 | +53.1% |
| Recurring financial income | 75 | €2,745 | €4,202 | +€1,458 | +53.1% |
| Financial charges | 65/66B | €54,918 | €43,128 | -€11,789 | -21.5% |
| Recurring financial charges | 65 | €54,918 | €43,128 | -€11,789 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €106,470 | €46,564 | -€59,906 | -56.3% |
| Income taxes | 67/77 | €10,817 | €38,322 | +€27,505 | +254.3% |
| Profit (loss) for the period | 9904 | €95,652 | €8,242 | -€87,411 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,652 | €8,242 | -€87,411 | -91.4% |
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.