POSITIVE CREATION: 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.
POSITIVE CREATION
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+161.6%), from €719,571 to €1.9m
of which Land and buildings: +€1.2m
- Receivables within one year +€42,151
up €42,151 (+1211.5%), from €3,479 to €45,631
of which Other amounts receivable: +€33,479
- Cash -€34,233
down €34,233 (-51.7%), from €66,267 to €32,034
mainly Investment in fixed assets (net) (-€1.2m) and Debts after one year (-€50,626)
- Stocks and contracts -€32,045
down €32,045 (-94.6%), from €33,859 to €1,815
- Revaluation surpluses +€1.2m
new in 2025: €1.2m
- Debts after one year -€50,626
down €50,626 (-8.0%), from €634,635 to €584,010
of which Other amounts payable: -€33,647
- Gross operating margin -€8,775
down €8,775 (-16.7%), from €52,677 to €43,903
- Other operating charges +€2,701
up €2,701 (+26.1%), from €10,362 to €13,064
- Depreciation -€1,420
down €1,420 (-4.6%), from €30,692 to €29,272
- Financial charges -€832
down €832 (-4.9%), from €17,058 to €16,226
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 | €829,770 | €1,968,526 | +€1.1m | +137.2% |
| Fixed assets | 21/28 | €721,995 | €1,885,135 | +€1.2m | +161.1% |
| Tangible fixed assets | 22/27 | €719,571 | €1,882,711 | +€1.2m | +161.6% |
| Land and buildings | 22 | €698,821 | €1,864,552 | +€1.2m | +166.8% |
| Furniture and vehicles | 24 | €20,750 | €18,159 | -€2,592 | -12.5% |
| Financial fixed assets | 28 | €2,424 | €2,424 | = | 0.0% |
| Current assets | 29/58 | €107,775 | €83,391 | -€24,384 | -22.6% |
| Stocks and contracts in progress | 3 | €33,859 | €1,815 | -€32,045 | -94.6% |
| Stocks | 30/36 | €33,859 | €1,815 | -€32,045 | -94.6% |
| Amounts receivable within one year | 40/41 | €3,479 | €45,631 | +€42,151 | +1211.5% |
| Trade receivables | 40 | €3,479 | €12,152 | +€8,672 | +249.3% |
| Other amounts receivable | 41 | - | €33,479 | +€33,479 | |
| Cash at bank and in hand | 54/58 | €66,267 | €32,034 | -€34,233 | -51.7% |
| Deferred charges and accrued income | 490/1 | €4,169 | €3,911 | -€258 | -6.2% |
| Total equity and liabilities | 10/49 | €829,770 | €1,968,526 | +€1.1m | +137.2% |
| Equity | 10/15 | €163,827 | €1,338,252 | +€1.2m | +716.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,189,084 | +€1.2m | |
| Reserves | 13 | €88,827 | €74,168 | -€14,659 | -16.5% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €81,327 | €66,668 | -€14,659 | -18.0% |
| Amounts payable | 17/49 | €665,943 | €630,274 | -€35,669 | -5.4% |
| Amounts payable after more than one year | 17 | €634,635 | €584,010 | -€50,626 | -8.0% |
| Financial debts | 170/4 | €256,320 | €239,341 | -€16,979 | -6.6% |
| Other amounts payable | 178/9 | €378,316 | €344,669 | -€33,647 | -8.9% |
| Amounts payable within one year | 42/48 | €24,168 | €29,464 | +€5,296 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €16,383 | €16,979 | +€596 | +3.6% |
| Trade debts | 44 | €1,462 | €5,050 | +€3,588 | +245.4% |
| Suppliers | 440/4 | €1,462 | €5,050 | +€3,588 | +245.4% |
| Advances received on contracts in progress | 46 | €2,662 | - | -€2,662 | |
| Taxes, remuneration and social security | 45 | €3,662 | €7,436 | +€3,774 | +103.1% |
| Taxes | 450/3 | €3,662 | €7,436 | +€3,774 | +103.1% |
| Accrued charges and deferred income | 492/3 | €7,139 | €16,800 | +€9,661 | +135.3% |
| Non-recurring operating income | 76A | €9,700 | - | -€9,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,692 | €29,272 | -€1,420 | -4.6% |
| Other operating charges | 640/8 | €10,362 | €13,064 | +€2,701 | +26.1% |
| Gross operating margin | 9900 | €52,677 | €43,903 | -€8,775 | -16.7% |
| Operating profit (loss) | 9901 | €11,623 | €1,567 | -€10,056 | -86.5% |
| Financial charges | 65/66B | €17,058 | €16,226 | -€832 | -4.9% |
| Recurring financial charges | 65 | €17,058 | €16,226 | -€832 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,435 | -€14,659 | -€9,224 | -169.7% |
| Profit (loss) for the period | 9904 | -€5,435 | -€14,659 | -€9,224 | -169.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,435 | -€14,659 | -€9,224 | -169.7% |
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 6 October 2026 via checked.be.