POINT-VIRGULE: 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.
POINT-VIRGULE
Largest movements
- Tangible fixed assets -€121,381
down €121,381 (-4.6%), from €2.7m to €2.5m
of which Land and buildings: -€186,707
- Receivables within one year +€43,166
up €43,166 (+74.4%), from €58,020 to €101,186
of which Other amounts receivable: +€52,576
- Cash -€30,786
down €30,786 (-60.6%), from €50,794 to €20,008
mainly Debts after one year (-€139,431) and Other debts (-€50,536)
- Debts after one year -€139,431
down €139,431 (-7.5%), from €1.8m to €1.7m
- Short-term financial debts +€66,656
new in 2025: €66,656
- Other debts -€50,536
down €50,536 (-7.9%), from €640,000 to €589,464
- Depreciation +€13,037
up €13,037 (+12.0%), from €108,344 to €121,381
- Gross operating margin -€12,710
down €12,710 (-6.1%), from €208,986 to €196,276
- Write-downs -€5,328
no longer reported in 2025 (was €5,328)
- Financial charges -€4,685
down €4,685 (-10.0%), from €46,686 to €42,001
- Taxes +€3,421
up €3,421 (+55.4%), from €6,172 to €9,592
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 | €2,764,284 | €2,656,747 | -€107,537 | -3.9% |
| Fixed assets | 21/28 | €2,655,470 | €2,534,089 | -€121,381 | -4.6% |
| Tangible fixed assets | 22/27 | €2,653,642 | €2,532,261 | -€121,381 | -4.6% |
| Land and buildings | 22 | €2,653,642 | €2,466,934 | -€186,707 | -7.0% |
| Furniture and vehicles | 24 | - | €65,327 | +€65,327 | |
| Financial fixed assets | 28 | €1,828 | €1,828 | = | 0.0% |
| Current assets | 29/58 | €108,815 | €122,658 | +€13,843 | +12.7% |
| Amounts receivable within one year | 40/41 | €58,020 | €101,186 | +€43,166 | +74.4% |
| Trade receivables | 40 | €50,658 | €41,247 | -€9,410 | -18.6% |
| Other amounts receivable | 41 | €7,363 | €59,939 | +€52,576 | +714% |
| Cash at bank and in hand | 54/58 | €50,794 | €20,008 | -€30,786 | -60.6% |
| Deferred charges and accrued income | 490/1 | - | €1,464 | +€1,464 | |
| Total equity and liabilities | 10/49 | €2,764,284 | €2,656,747 | -€107,537 | -3.9% |
| Equity | 10/15 | €39,222 | €62,524 | +€23,303 | +59.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,792 | €24,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,570 | -€24,268 | +€23,303 | +49.0% |
| Amounts payable | 17/49 | €2,725,063 | €2,594,223 | -€130,840 | -4.8% |
| Amounts payable after more than one year | 17 | €1,847,502 | €1,708,070 | -€139,431 | -7.5% |
| Financial debts | 170/4 | €1,847,502 | €1,708,070 | -€139,431 | -7.5% |
| Amounts payable within one year | 42/48 | €855,061 | €886,152 | +€31,091 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €139,065 | €137,121 | -€1,944 | -1.4% |
| Financial debts | 43 | - | €66,656 | +€66,656 | |
| Other loans | 439 | - | €66,656 | +€66,656 | |
| Trade debts | 44 | €70,296 | €77,098 | +€6,802 | +9.7% |
| Suppliers | 440/4 | €70,296 | €77,098 | +€6,802 | +9.7% |
| Taxes, remuneration and social security | 45 | €5,700 | €15,814 | +€10,114 | +177% |
| Taxes | 450/3 | €5,700 | €15,814 | +€10,114 | +177% |
| Other amounts payable | 47/48 | €640,000 | €589,464 | -€50,536 | -7.9% |
| Accrued charges and deferred income | 492/3 | €22,500 | - | -€22,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,344 | €121,381 | +€13,037 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,328 | - | -€5,328 | |
| Other operating charges | 640/8 | €743 | - | -€743 | |
| Gross operating margin | 9900 | €208,986 | €196,276 | -€12,710 | -6.1% |
| Operating profit (loss) | 9901 | €94,572 | €74,896 | -€19,676 | -20.8% |
| Financial charges | 65/66B | €46,686 | €42,001 | -€4,685 | -10.0% |
| Recurring financial charges | 65 | €46,686 | €42,001 | -€4,685 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €47,886 | €32,895 | -€14,991 | -31.3% |
| Income taxes | 67/77 | €6,172 | €9,592 | +€3,421 | +55.4% |
| Profit (loss) for the period | 9904 | €41,714 | €23,303 | -€18,412 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,714 | €23,303 | -€18,412 | -44.1% |
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 16 October 2026 via checked.be.