POINT B: 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.
POINT B
Largest movements
- Tangible fixed assets +€87,890
up €87,890 (+131.9%), from €66,621 to €154,511
of which Land and buildings: +€85,987
- Cash -€36,546
down €36,546 (-66.6%), from €54,909 to €18,363
mainly Investment in fixed assets (net) (-€96,288) and Receivables within one year (-€10,000)
- Receivables within one year +€10,000
up €10,000, from €0 to €10,000
of which Other amounts receivable: +€10,000
- Other debts +€45,232
up €45,232 (+107.9%), from €41,914 to €87,146
- Debts after one year +€13,440
new in 2025: €13,440
- Reserves +€12,376
up €12,376 (+21.4%), from €57,806 to €70,182
- Trade debts -€5,536
down €5,536 (-49.9%), from €11,085 to €5,549
- Tax, wage and social debts -€2,618
down €2,618 (-12.6%), from €20,775 to €18,158
of which Taxes: -€4,167
- Gross operating margin -€40,826
down €40,826 (-59.8%), from €68,227 to €27,400
- Taxes -€12,258
down €12,258 (-100.0%), from €12,258 to €0
- Depreciation +€6,650
up €6,650 (+380.5%), from €1,748 to €8,398
- Financial charges +€3,421
up €3,421 (+308.9%), from €1,108 to €4,529
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 | €136,580 | €199,475 | +€62,894 | +46.0% |
| Fixed assets | 21/28 | €66,621 | €154,511 | +€87,890 | +131.9% |
| Tangible fixed assets | 22/27 | €66,621 | €154,511 | +€87,890 | +131.9% |
| Land and buildings | 22 | €66,621 | €152,608 | +€85,987 | +129.1% |
| Plant, machinery and equipment | 23 | - | €1,903 | +€1,903 | |
| Current assets | 29/58 | €69,959 | €44,963 | -€24,996 | -35.7% |
| Amounts receivable within one year | 40/41 | €0 | €10,000 | +€10,000 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €54,909 | €18,363 | -€36,546 | -66.6% |
| Deferred charges and accrued income | 490/1 | €15,050 | €16,600 | +€1,550 | +10.3% |
| Total equity and liabilities | 10/49 | €136,580 | €199,475 | +€62,894 | +46.0% |
| Equity | 10/15 | €62,806 | €75,182 | +€12,376 | +19.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,806 | €70,182 | +€12,376 | +21.4% |
| Distributable reserves | 133 | €57,806 | €70,182 | +€12,376 | +21.4% |
| Amounts payable | 17/49 | €73,774 | €124,293 | +€50,519 | +68.5% |
| Amounts payable after more than one year | 17 | - | €13,440 | +€13,440 | |
| Financial debts | 170/4 | - | €13,440 | +€13,440 | |
| Amounts payable within one year | 42/48 | €73,774 | €110,853 | +€37,079 | +50.3% |
| Trade debts | 44 | €11,085 | €5,549 | -€5,536 | -49.9% |
| Suppliers | 440/4 | €11,085 | €5,549 | -€5,536 | -49.9% |
| Taxes, remuneration and social security | 45 | €20,775 | €18,158 | -€2,618 | -12.6% |
| Taxes | 450/3 | €20,775 | €16,608 | -€4,167 | -20.1% |
| Remuneration and social security | 454/9 | - | €1,549 | +€1,549 | |
| Other amounts payable | 47/48 | €41,914 | €87,146 | +€45,232 | +107.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €8,398 | +€6,650 | +380.5% |
| Other operating charges | 640/8 | €2,246 | €2,098 | -€148 | -6.6% |
| Gross operating margin | 9900 | €68,227 | €27,400 | -€40,826 | -59.8% |
| Operating profit (loss) | 9901 | €64,233 | €16,905 | -€47,328 | -73.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,108 | €4,529 | +€3,421 | +308.9% |
| Recurring financial charges | 65 | €1,108 | €4,529 | +€3,421 | +308.9% |
| Profit (loss) for the period before taxes | 9903 | €63,125 | €12,376 | -€50,749 | -80.4% |
| Income taxes | 67/77 | €12,258 | €0 | -€12,258 | -100.0% |
| Profit (loss) for the period | 9904 | €50,867 | €12,376 | -€38,492 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,867 | €12,376 | -€38,492 | -75.7% |
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.