PRIVINLIEGE: 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.
PRIVINLIEGE
Largest movements
- Cash -€49,457
down €49,457 (-32.6%), from €151,672 to €102,216
mainly Contributions, distributions and other (-€115,922) and Debts after one year (-€23,455)
- Tangible fixed assets -€31,770
down €31,770 (-19.8%), from €160,368 to €128,598
of which Furniture and vehicles: -€24,786
- Stocks and contracts +€12,880
up €12,880 (+26.5%), from €48,567 to €61,447
- Reserves -€42,123
down €42,123 (-15.7%), from €268,327 to €226,203
- Debts after one year -€23,455
down €23,455 (-30.8%), from €76,079 to €52,624
- Contributions -€6,200
down €6,200 (-100%), from €6,200 to €0
- Trade debts +€5,954
up €5,954 (+145%), from €4,104 to €10,058
- Gross operating margin +€8,449
up €8,449 (+6.6%), from €127,900 to €136,350
- Financial income -€3,879
down €3,879 (-91.9%), from €4,221 to €342
- Taxes +€2,020
up €2,020 (+6.6%), from €30,465 to €32,486
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 | €397,491 | €332,884 | -€64,607 | -16.3% |
| Fixed assets | 21/28 | €160,368 | €128,598 | -€31,770 | -19.8% |
| Tangible fixed assets | 22/27 | €160,368 | €128,598 | -€31,770 | -19.8% |
| Land and buildings | 22 | €91,971 | €87,121 | -€4,850 | -5.3% |
| Plant, machinery and equipment | 23 | €4,208 | €3,519 | -€689 | -16.4% |
| Furniture and vehicles | 24 | €54,792 | €30,006 | -€24,786 | -45.2% |
| Other tangible fixed assets | 26 | €9,397 | €7,952 | -€1,445 | -15.4% |
| Current assets | 29/58 | €237,123 | €204,285 | -€32,837 | -13.8% |
| Stocks and contracts in progress | 3 | €48,567 | €61,447 | +€12,880 | +26.5% |
| Stocks | 30/36 | €48,567 | €61,447 | +€12,880 | +26.5% |
| Amounts receivable within one year | 40/41 | €36,278 | €39,995 | +€3,717 | +10.2% |
| Trade receivables | 40 | €35,363 | €29,619 | -€5,744 | -16.2% |
| Other amounts receivable | 41 | €915 | €10,375 | +€9,461 | +1,035% |
| Cash at bank and in hand | 54/58 | €151,672 | €102,216 | -€49,457 | -32.6% |
| Deferred charges and accrued income | 490/1 | €605 | €628 | +€22 | +3.7% |
| Total equity and liabilities | 10/49 | €397,491 | €332,884 | -€64,607 | -16.3% |
| Equity | 10/15 | €275,388 | €226,203 | -€49,185 | -17.9% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100% |
| Reserves | 13 | €268,327 | €226,203 | -€42,123 | -15.7% |
| Distributable reserves | 133 | €268,327 | €226,203 | -€42,123 | -15.7% |
| Profit (loss) carried forward | 14 | €862 | €0 | -€862 | -100% |
| Amounts payable | 17/49 | €122,102 | €106,680 | -€15,422 | -12.6% |
| Amounts payable after more than one year | 17 | €76,079 | €52,624 | -€23,455 | -30.8% |
| Financial debts | 170/4 | €76,079 | €52,624 | -€23,455 | -30.8% |
| Amounts payable within one year | 42/48 | €46,023 | €54,056 | +€8,033 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €23,325 | €24,357 | +€1,032 | +4.4% |
| Trade debts | 44 | €4,104 | €10,058 | +€5,954 | +145% |
| Suppliers | 440/4 | €4,104 | €10,058 | +€5,954 | +145% |
| Taxes, remuneration and social security | 45 | €18,595 | €19,641 | +€1,046 | +5.6% |
| Taxes | 450/3 | €18,595 | €19,641 | +€1,046 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,875 | €31,770 | -€105 | -0.3% |
| Other operating charges | 640/8 | €1,409 | €1,609 | +€200 | +14.2% |
| Gross operating margin | 9900 | €127,900 | €136,350 | +€8,449 | +6.6% |
| Operating profit (loss) | 9901 | €94,616 | €102,971 | +€8,355 | +8.8% |
| Financial income | 75/76B | €4,221 | €342 | -€3,879 | -91.9% |
| Recurring financial income | 75 | €4,221 | €342 | -€3,879 | -91.9% |
| Financial charges | 65/66B | €5,205 | €4,091 | -€1,115 | -21.4% |
| Recurring financial charges | 65 | €5,205 | €4,091 | -€1,115 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €93,632 | €99,222 | +€5,590 | +6.0% |
| Income taxes | 67/77 | €30,465 | €32,486 | +€2,020 | +6.6% |
| Profit (loss) for the period | 9904 | €63,167 | €66,737 | +€3,570 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,167 | €66,737 | +€3,570 | +5.7% |
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 30 October 2026 via checked.be.