Plan 40: 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.
Plan 40
Largest movements
- Tangible fixed assets -€87,970
down €87,970 (-2.5%), from €3.5m to €3.4m
- Profit (loss) carried forward -€93,755
down €93,755 (-28.6%), from -€327,248 to -€421,003
- Gross operating margin +€15,297
up €15,297, from -€14,952 to €344
- Other operating charges +€751
up €751 (+15.2%), from €4,927 to €5,679
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.
Derived cash bridge
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 | €3,513,245 | €3,425,151 | -€88,094 | -2.5% |
| Fixed assets | 21/28 | €3,500,399 | €3,412,429 | -€87,970 | -2.5% |
| Tangible fixed assets | 22/27 | €3,500,399 | €3,412,429 | -€87,970 | -2.5% |
| Land and buildings | 22 | €3,500,399 | €3,412,429 | -€87,970 | -2.5% |
| Current assets | 29/58 | €12,845 | €12,722 | -€124 | -1.0% |
| Amounts receivable within one year | 40/41 | - | €1,575 | +€1,575 | |
| Trade receivables | 40 | - | €1,575 | +€1,575 | |
| Cash at bank and in hand | 54/58 | €8,846 | €6,950 | -€1,896 | -21.4% |
| Deferred charges and accrued income | 490/1 | €4,000 | €4,196 | +€196 | +4.9% |
| Total equity and liabilities | 10/49 | €3,513,245 | €3,425,151 | -€88,094 | -2.5% |
| Equity | 10/15 | €3,482,052 | €3,388,297 | -€93,755 | -2.7% |
| Contributions | 10/11 | €3,809,300 | €3,809,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,248 | -€421,003 | -€93,755 | -28.6% |
| Amounts payable | 17/49 | €31,193 | €36,853 | +€5,661 | +18.1% |
| Amounts payable within one year | 42/48 | €21,719 | €36,377 | +€14,658 | +67.5% |
| Trade debts | 44 | €11,441 | €7,480 | -€3,961 | -34.6% |
| Suppliers | 440/4 | €11,441 | €7,480 | -€3,961 | -34.6% |
| Taxes, remuneration and social security | 45 | €1,455 | €273 | -€1,182 | -81.2% |
| Taxes | 450/3 | €1,455 | €273 | -€1,182 | -81.2% |
| Other amounts payable | 47/48 | €8,823 | €28,624 | +€19,801 | +224% |
| Accrued charges and deferred income | 492/3 | €9,474 | €476 | -€8,997 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,970 | €87,970 | = | 0.0% |
| Other operating charges | 640/8 | €4,927 | €5,679 | +€751 | +15.2% |
| Gross operating margin | 9900 | -€14,952 | €344 | +€15,297 | |
| Operating profit (loss) | 9901 | -€107,850 | -€93,305 | +€14,545 | +13.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €368 | €450 | +€82 | +22.4% |
| Recurring financial charges | 65 | €368 | €450 | +€82 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | -€108,218 | -€93,755 | +€14,463 | +13.4% |
| Profit (loss) for the period | 9904 | -€108,218 | -€93,755 | +€14,463 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,218 | -€93,755 | +€14,463 | +13.4% |
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 15 October 2026 via checked.be.