PLUS: 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.
PLUS
Largest movements
- Cash -€38,505
no longer reported in 2025 (was €38,505)
mainly Short-term financial debts (-€57,360) and Trade debts (-€4,366)
- Receivables within one year -€10,000
down €10,000 (-15.9%), from €62,984 to €52,984
of which Trade receivables: -€10,000
- Stocks and contracts +€2,000
up €2,000 (+50.0%), from €4,000 to €6,000
- Short-term financial debts -€57,360
down €57,360 (-95.3%), from €60,208 to €2,848
- Other debts +€10,508
new in 2025: €10,508
- Reserves +€6,125
up €6,125 (+38.1%), from €16,093 to €22,218
of which Distributable reserves: +€6,125
- Trade debts -€4,366
no longer reported in 2025 (was €4,366)
- Tax, wage and social debts -€1,412
no longer reported in 2025 (was €1,412)
- Gross operating margin -€2,026
down €2,026 (-17.0%), from €11,928 to €9,902
- Financial charges -€1,130
down €1,130 (-44.6%), from €2,534 to €1,404
- Taxes -€802
down €802 (-29.2%), from €2,747 to €1,945
- Other operating charges -€502
down €502 (-54.0%), from €930 to €428
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 | €116,818 | €70,313 | -€46,505 | -39.8% |
| Fixed assets | 21/28 | €1,188 | €1,188 | = | 0.0% |
| Financial fixed assets | 28 | €1,188 | €1,188 | = | 0.0% |
| Current assets | 29/58 | €115,630 | €69,125 | -€46,505 | -40.2% |
| Stocks and contracts in progress | 3 | €4,000 | €6,000 | +€2,000 | +50.0% |
| Stocks | 30/36 | €4,000 | €6,000 | +€2,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €62,984 | €52,984 | -€10,000 | -15.9% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €52,984 | €52,984 | = | 0.0% |
| Current investments | 50/53 | €10,141 | €10,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,505 | - | -€38,505 | |
| Total equity and liabilities | 10/49 | €116,818 | €70,313 | -€46,505 | -39.8% |
| Equity | 10/15 | €50,832 | €56,957 | +€6,125 | +12.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €16,093 | €22,218 | +€6,125 | +38.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €14,234 | €20,359 | +€6,125 | +43.0% |
| Profit (loss) carried forward | 14 | €28,542 | €28,542 | = | 0.0% |
| Amounts payable | 17/49 | €65,986 | €13,356 | -€52,630 | -79.8% |
| Amounts payable within one year | 42/48 | €65,986 | €13,356 | -€52,630 | -79.8% |
| Financial debts | 43 | €60,208 | €2,848 | -€57,360 | -95.3% |
| Credit institutions | 430/8 | €60,208 | €2,848 | -€57,360 | -95.3% |
| Trade debts | 44 | €4,366 | - | -€4,366 | |
| Suppliers | 440/4 | €4,366 | - | -€4,366 | |
| Taxes, remuneration and social security | 45 | €1,412 | - | -€1,412 | |
| Taxes | 450/3 | €1,412 | - | -€1,412 | |
| Other amounts payable | 47/48 | - | €10,508 | +€10,508 | |
| Other operating charges | 640/8 | €930 | €428 | -€502 | -54.0% |
| Gross operating margin | 9900 | €11,928 | €9,902 | -€2,026 | -17.0% |
| Operating profit (loss) | 9901 | €10,998 | €9,474 | -€1,524 | -13.9% |
| Financial charges | 65/66B | €2,534 | €1,404 | -€1,130 | -44.6% |
| Recurring financial charges | 65 | €2,534 | €1,404 | -€1,130 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €8,464 | €8,070 | -€394 | -4.7% |
| Income taxes | 67/77 | €2,747 | €1,945 | -€802 | -29.2% |
| Profit (loss) for the period | 9904 | €5,717 | €6,125 | +€408 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,717 | €6,125 | +€408 | +7.1% |
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 12 October 2026 via checked.be.