PRESS 2: 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.
PRESS 2
Largest movements
- Stocks and contracts +€12,830
up €12,830 (+108%), from €11,865 to €24,695
- Tangible fixed assets -€8,922
down €8,922 (-9.3%), from €95,702 to €86,780
of which Land and buildings: -€8,362
- Deferred charges and accrued income -€8,908
down €8,908 (-85.1%), from €10,473 to €1,565
- Receivables within one year -€3,254
down €3,254 (-69.2%), from €4,701 to €1,447
of which Other amounts receivable: -€2,193
- Cash +€2,723
up €2,723 (+9.8%), from €27,748 to €30,470
mainly Net result for the year (+€15,716) and Depreciation (+€8,922)
- Trade debts -€19,919
down €19,919 (-46.2%), from €43,100 to €23,181
- Reserves +€15,716
new in 2025: €15,716
- Gross operating margin +€28,116
up €28,116 (+53.8%), from €52,263 to €80,379
- Taxes +€6,299
up €6,299 (+2,489%), from €253 to €6,552
- Staff costs -€2,585
down €2,585 (-6.0%), from €42,844 to €40,258
- Financial charges +€1,588
up €1,588 (+32.1%), from €4,948 to €6,536
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 | €153,303 | €147,772 | -€5,531 | -3.6% |
| Fixed assets | 21/28 | €98,517 | €89,595 | -€8,922 | -9.1% |
| Tangible fixed assets | 22/27 | €95,702 | €86,780 | -€8,922 | -9.3% |
| Land and buildings | 22 | €94,041 | €85,678 | -€8,362 | -8.9% |
| Furniture and vehicles | 24 | €1,662 | €1,102 | -€560 | -33.7% |
| Financial fixed assets | 28 | €2,815 | €2,815 | = | 0.0% |
| Current assets | 29/58 | €54,786 | €58,178 | +€3,392 | +6.2% |
| Stocks and contracts in progress | 3 | €11,865 | €24,695 | +€12,830 | +108% |
| Stocks | 30/36 | €11,865 | €24,695 | +€12,830 | +108% |
| Amounts receivable within one year | 40/41 | €4,701 | €1,447 | -€3,254 | -69.2% |
| Trade receivables | 40 | €1,061 | €0 | -€1,061 | -100% |
| Other amounts receivable | 41 | €3,639 | €1,447 | -€2,193 | -60.2% |
| Cash at bank and in hand | 54/58 | €27,748 | €30,470 | +€2,723 | +9.8% |
| Deferred charges and accrued income | 490/1 | €10,473 | €1,565 | -€8,908 | -85.1% |
| Total equity and liabilities | 10/49 | €153,303 | €147,772 | -€5,531 | -3.6% |
| Equity | 10/15 | €93,044 | €108,759 | +€15,716 | +16.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €15,716 | +€15,716 | |
| Distributable reserves | 133 | - | €15,716 | +€15,716 | |
| Profit (loss) carried forward | 14 | €68,044 | €68,044 | = | 0.0% |
| Amounts payable | 17/49 | €60,259 | €39,013 | -€21,246 | -35.3% |
| Amounts payable within one year | 42/48 | €60,233 | €39,013 | -€21,220 | -35.2% |
| Trade debts | 44 | €43,100 | €23,181 | -€19,919 | -46.2% |
| Suppliers | 440/4 | €43,100 | €23,181 | -€19,919 | -46.2% |
| Taxes, remuneration and social security | 45 | €15,232 | €13,865 | -€1,367 | -9.0% |
| Taxes | 450/3 | €2,821 | €6,171 | +€3,349 | +119% |
| Remuneration and social security | 454/9 | €12,410 | €7,694 | -€4,716 | -38.0% |
| Other amounts payable | 47/48 | €1,902 | €1,967 | +€65 | +3.4% |
| Accrued charges and deferred income | 492/3 | €26 | €0 | -€26 | -100% |
| Non-recurring operating income | 76A | €14,298 | €0 | -€14,298 | -100% |
| Remuneration, social security and pensions | 62 | €42,844 | €40,258 | -€2,585 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,922 | €8,922 | = | 0.0% |
| Other operating charges | 640/8 | €2,115 | €2,420 | +€304 | +14.4% |
| Gross operating margin | 9900 | €52,263 | €80,379 | +€28,116 | +53.8% |
| Operating profit (loss) | 9901 | -€1,618 | €28,779 | +€30,397 | |
| Financial income | 75/76B | €106 | €24 | -€82 | -77.1% |
| Recurring financial income | 75 | €106 | €24 | -€82 | -77.1% |
| Financial charges | 65/66B | €4,948 | €6,536 | +€1,588 | +32.1% |
| Recurring financial charges | 65 | €4,948 | €6,536 | +€1,588 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,460 | €22,267 | +€28,728 | |
| Income taxes | 67/77 | €253 | €6,552 | +€6,299 | +2,489% |
| Profit (loss) for the period | 9904 | -€6,713 | €15,716 | +€22,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,713 | €15,716 | +€22,429 |
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 17 October 2026 via checked.be.