PROMISED: 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.
PROMISED
Largest movements
- Tangible fixed assets -€58,866
down €58,866 (-5.1%), from €1.1m to €1.1m
of which Land and buildings: -€40,613
- Receivables within one year -€37,732
down €37,732 (-69.1%), from €54,602 to €16,870
of which Trade receivables: -€26,140
- Cash +€22,015
up €22,015 (+134.9%), from €16,318 to €38,332
mainly Depreciation (+€55,513) and Net result for the year (+€51,659)
- Deferred charges and accrued income +€18,691
new in 2025: €18,691
- Other debts -€54,362
down €54,362 (-86.8%), from €62,649 to €8,287
- Reserves +€51,659
up €51,659 (+4.9%), from €1.1m to €1.1m
- Debts after one year -€33,029
down €33,029 (-46.7%), from €70,747 to €37,718
- Current portion of long-term debt -€13,169
down €13,169 (-28.5%), from €46,198 to €33,029
- Gross operating margin +€114,180
up €114,180 (+254.7%), from €44,822 to €159,002
- Depreciation -€8,008
down €8,008 (-12.6%), from €63,521 to €55,513
- Taxes +€7,846
up €7,846 (+3017.3%), from €260 to €8,106
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 | €1,215,386 | €1,159,493 | -€55,892 | -4.6% |
| Fixed assets | 21/28 | €1,144,466 | €1,085,601 | -€58,866 | -5.1% |
| Tangible fixed assets | 22/27 | €1,144,466 | €1,085,601 | -€58,866 | -5.1% |
| Land and buildings | 22 | €1,111,744 | €1,071,131 | -€40,613 | -3.7% |
| Plant, machinery and equipment | 23 | €14,456 | €10,644 | -€3,812 | -26.4% |
| Furniture and vehicles | 24 | €10,828 | €3,826 | -€7,002 | -64.7% |
| Leasing and similar rights | 25 | €7,438 | - | -€7,438 | |
| Current assets | 29/58 | €70,919 | €73,893 | +€2,974 | +4.2% |
| Amounts receivable within one year | 40/41 | €54,602 | €16,870 | -€37,732 | -69.1% |
| Trade receivables | 40 | €34,861 | €8,721 | -€26,140 | -75.0% |
| Other amounts receivable | 41 | €19,740 | €8,149 | -€11,592 | -58.7% |
| Cash at bank and in hand | 54/58 | €16,318 | €38,332 | +€22,015 | +134.9% |
| Deferred charges and accrued income | 490/1 | - | €18,691 | +€18,691 | |
| Total equity and liabilities | 10/49 | €1,215,386 | €1,159,493 | -€55,892 | -4.6% |
| Equity | 10/15 | €1,005,673 | €1,057,333 | +€51,659 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,051,258 | €1,102,918 | +€51,659 | +4.9% |
| Distributable reserves | 133 | €1,051,258 | €1,102,918 | +€51,659 | +4.9% |
| Profit (loss) carried forward | 14 | -€64,185 | -€64,185 | = | 0.0% |
| Amounts payable | 17/49 | €209,712 | €102,161 | -€107,552 | -51.3% |
| Amounts payable after more than one year | 17 | €70,747 | €37,718 | -€33,029 | -46.7% |
| Financial debts | 170/4 | €70,747 | €37,718 | -€33,029 | -46.7% |
| Amounts payable within one year | 42/48 | €138,966 | €64,443 | -€74,523 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €46,198 | €33,029 | -€13,169 | -28.5% |
| Trade debts | 44 | €16,410 | €16,229 | -€181 | -1.1% |
| Suppliers | 440/4 | €16,410 | €16,229 | -€181 | -1.1% |
| Taxes, remuneration and social security | 45 | €13,709 | €6,898 | -€6,811 | -49.7% |
| Taxes | 450/3 | €13,709 | €6,898 | -€6,811 | -49.7% |
| Other amounts payable | 47/48 | €62,649 | €8,287 | -€54,362 | -86.8% |
| Remuneration, social security and pensions | 62 | €1,824 | €1,216 | -€608 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,521 | €55,513 | -€8,008 | -12.6% |
| Other operating charges | 640/8 | €35,858 | €37,255 | +€1,397 | +3.9% |
| Gross operating margin | 9900 | €44,822 | €159,002 | +€114,180 | +254.7% |
| Operating profit (loss) | 9901 | -€56,380 | €65,018 | +€121,398 | |
| Financial income | 75/76B | €8 | €831 | +€823 | +10528.4% |
| Recurring financial income | 75 | €8 | €831 | +€823 | +10528.4% |
| Financial charges | 65/66B | €7,553 | €6,083 | -€1,470 | -19.5% |
| Recurring financial charges | 65 | €7,553 | €6,083 | -€1,470 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€63,925 | €59,766 | +€123,691 | |
| Income taxes | 67/77 | €260 | €8,106 | +€7,846 | +3017.3% |
| Profit (loss) for the period | 9904 | -€64,185 | €51,659 | +€115,845 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,185 | €51,659 | +€115,845 |
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 12 October 2026 via checked.be.