Plug the Jack: 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.
Plug the Jack
Largest movements
- Tangible fixed assets +€110,708
up €110,708 (+3.4%), from €3.2m to €3.3m
- Cash -€72,415
down €72,415 (-6.2%), from €1.2m to €1.1m
mainly Net result for the year (-€754,468) and Investment in fixed assets (net) (-€411,756)
- Profit (loss) carried forward -€754,468
down €754,468 (-41.5%), from -€1.8m to -€2.6m
- Other debts +€597,189
up €597,189 (+3271.5%), from €18,254 to €615,444
- Debts after one year +€107,185
up €107,185 (+5.0%), from €2.1m to €2.3m
of which Financial debts: +€207,185
- Current portion of long-term debt +€63,920
up €63,920 (+39.0%), from €163,721 to €227,642
- Gross operating margin +€320,905
up €320,905, from -€57,699 to €263,206
- Staff costs +€166,977
up €166,977 (+39.9%), from €418,533 to €585,510
- Depreciation +€75,399
up €75,399 (+32.1%), from €235,206 to €310,605
- Financial charges +€9,156
up €9,156 (+8.1%), from €113,682 to €122,839
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 | €4,525,878 | €4,535,332 | +€9,454 | +0.2% |
| Fixed assets | 21/28 | €3,303,559 | €3,404,711 | +€101,151 | +3.1% |
| Intangible fixed assets | 21 | €88,730 | €78,858 | -€9,872 | -11.1% |
| Tangible fixed assets | 22/27 | €3,214,195 | €3,324,903 | +€110,708 | +3.4% |
| Land and buildings | 22 | €2,942,717 | €2,978,519 | +€35,803 | +1.2% |
| Plant, machinery and equipment | 23 | €11,987 | €18,236 | +€6,249 | +52.1% |
| Furniture and vehicles | 24 | €89,859 | €105,802 | +€15,943 | +17.7% |
| Other tangible fixed assets | 26 | €169,632 | €222,345 | +€52,713 | +31.1% |
| Financial fixed assets | 28 | €635 | €950 | +€315 | +49.6% |
| Current assets | 29/58 | €1,222,319 | €1,130,621 | -€91,698 | -7.5% |
| Amounts receivable within one year | 40/41 | €43,721 | €22,350 | -€21,371 | -48.9% |
| Trade receivables | 40 | - | €1,302 | +€1,302 | |
| Other amounts receivable | 41 | €43,721 | €21,048 | -€22,673 | -51.9% |
| Cash at bank and in hand | 54/58 | €1,160,253 | €1,087,838 | -€72,415 | -6.2% |
| Deferred charges and accrued income | 490/1 | €18,345 | €20,434 | +€2,088 | +11.4% |
| Total equity and liabilities | 10/49 | €4,525,878 | €4,535,332 | +€9,454 | +0.2% |
| Equity | 10/15 | €2,111,216 | €1,352,759 | -€758,458 | -35.9% |
| Contributions | 10/11 | €3,869,750 | €3,869,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,817,054 | -€2,571,521 | -€754,468 | -41.5% |
| Investment grants | 15 | €58,520 | €54,530 | -€3,990 | -6.8% |
| Amounts payable | 17/49 | €2,414,662 | €3,182,574 | +€767,912 | +31.8% |
| Amounts payable after more than one year | 17 | €2,148,534 | €2,255,719 | +€107,185 | +5.0% |
| Financial debts | 170/4 | €1,848,534 | €2,055,719 | +€207,185 | +11.2% |
| Other amounts payable | 178/9 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Amounts payable within one year | 42/48 | €266,128 | €926,855 | +€660,727 | +248.3% |
| Current portion of amounts payable after more than one year | 42 | €163,721 | €227,642 | +€63,920 | +39.0% |
| Trade debts | 44 | €47,145 | €44,575 | -€2,570 | -5.5% |
| Suppliers | 440/4 | €47,145 | €44,575 | -€2,570 | -5.5% |
| Taxes, remuneration and social security | 45 | €37,007 | €39,195 | +€2,188 | +5.9% |
| Taxes | 450/3 | €6,377 | €6,452 | +€75 | +1.2% |
| Remuneration and social security | 454/9 | €30,630 | €32,743 | +€2,112 | +6.9% |
| Other amounts payable | 47/48 | €18,254 | €615,444 | +€597,189 | +3271.5% |
| Non-recurring operating income | 76A | €548 | - | -€548 | |
| Remuneration, social security and pensions | 62 | €418,533 | €585,510 | +€166,977 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,206 | €310,605 | +€75,399 | +32.1% |
| Other operating charges | 640/8 | €968 | €2,981 | +€2,013 | +208.1% |
| Non-recurring operating charges | 66A | €1,252 | €59 | -€1,193 | -95.3% |
| Gross operating margin | 9900 | -€57,699 | €263,206 | +€320,905 | |
| Operating profit (loss) | 9901 | -€713,658 | -€635,948 | +€77,710 | +10.9% |
| Financial income | 75/76B | €4,523 | €4,468 | -€55 | -1.2% |
| Recurring financial income | 75 | €4,523 | €4,468 | -€55 | -1.2% |
| Financial charges | 65/66B | €113,682 | €122,839 | +€9,156 | +8.1% |
| Recurring financial charges | 65 | €113,682 | €122,839 | +€9,156 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€822,817 | -€754,319 | +€68,498 | +8.3% |
| Income taxes | 67/77 | €187 | €149 | -€38 | -20.2% |
| Profit (loss) for the period | 9904 | -€823,004 | -€754,468 | +€68,536 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€823,004 | -€754,468 | +€68,536 | +8.3% |
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 8 October 2026 via checked.be.