PREMIUM: 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.
PREMIUM
Largest movements
- Receivables within one year +€80,365
up €80,365 (+1.3%), from €6.3m to €6.4m
- Reserves +€126,968
up €126,968 (+2.6%), from €4.9m to €5.0m
of which Distributable reserves: +€120,620
- Financial income -€42,275
down €42,275 (-19.0%), from €223,029 to €180,755
- Taxes -€12,197
down €12,197 (-22.2%), from €54,855 to €42,658
- Gross operating margin -€841
down €841 (-9.9%), from -€8,479 to -€9,320
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 | €6,325,720 | €6,405,531 | +€79,811 | +1.3% |
| Current assets | 29/58 | €6,325,720 | €6,405,531 | +€79,811 | +1.3% |
| Amounts receivable within one year | 40/41 | €6,313,896 | €6,394,262 | +€80,365 | +1.3% |
| Other amounts receivable | 41 | €6,313,896 | €6,394,262 | +€80,365 | +1.3% |
| Cash at bank and in hand | 54/58 | €11,824 | €11,269 | -€554 | -4.7% |
| Total equity and liabilities | 10/49 | €6,325,720 | €6,405,531 | +€79,811 | +1.3% |
| Equity | 10/15 | €6,265,081 | €6,392,049 | +€126,968 | +2.0% |
| Contributions | 10/11 | €1,380,000 | €1,380,000 | = | 0.0% |
| Capital | 10 | €1,380,000 | €1,380,000 | = | 0.0% |
| Issued capital | 100 | €1,380,000 | €1,380,000 | = | 0.0% |
| Reserves | 13 | €4,885,081 | €5,012,049 | +€126,968 | +2.6% |
| Non-distributable reserves | 130/1 | €99,351 | €105,699 | +€6,348 | +6.4% |
| Legal reserve | 130 | €99,351 | €105,699 | +€6,348 | +6.4% |
| Distributable reserves | 133 | €4,785,730 | €4,906,350 | +€120,620 | +2.5% |
| Amounts payable | 17/49 | €60,639 | €13,482 | -€47,157 | -77.8% |
| Amounts payable within one year | 42/48 | €59,928 | €13,392 | -€46,535 | -77.7% |
| Financial debts | 43 | €0 | €25 | +€25 | |
| Credit institutions | 430/8 | €0 | €25 | +€25 | |
| Trade debts | 44 | €5,801 | €5,635 | -€166 | -2.9% |
| Suppliers | 440/4 | €5,801 | €5,635 | -€166 | -2.9% |
| Taxes, remuneration and social security | 45 | €54,127 | €7,732 | -€46,395 | -85.7% |
| Taxes | 450/3 | €54,127 | €7,732 | -€46,395 | -85.7% |
| Accrued charges and deferred income | 492/3 | €711 | €89 | -€622 | -87.4% |
| Other operating charges | 640/8 | €968 | €1,048 | +€81 | +8.4% |
| Gross operating margin | 9900 | -€8,479 | -€9,320 | -€841 | -9.9% |
| Operating profit (loss) | 9901 | -€9,446 | -€10,368 | -€922 | -9.8% |
| Financial income | 75/76B | €223,029 | €180,755 | -€42,275 | -19.0% |
| Recurring financial income | 75 | €223,029 | €180,755 | -€42,275 | -19.0% |
| Financial charges | 65/66B | €817 | €760 | -€57 | -7.0% |
| Recurring financial charges | 65 | €817 | €760 | -€57 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €212,766 | €169,626 | -€43,140 | -20.3% |
| Income taxes | 67/77 | €54,855 | €42,658 | -€12,197 | -22.2% |
| Profit (loss) for the period | 9904 | €157,911 | €126,968 | -€30,943 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,911 | €126,968 | -€30,943 | -19.6% |
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 14 October 2026 via checked.be.