PROMISED LAND: 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 LAND
Largest movements
- Cash +€15,793
up €15,793 (+68.8%), from €22,950 to €38,743
mainly Net result for the year (+€19,098) and Other debts (+€10,109)
- Tangible fixed assets -€4,558
down €4,558 (-53.3%), from €8,560 to €4,001
- Receivables within one year -€1,067
down €1,067 (-7.3%), from €14,664 to €13,597
of which Trade receivables: -€4,830
- Other debts +€10,109
up €10,109 (+974%), from €1,038 to €11,147
- Profit (loss) carried forward -€7,902
down €7,902 (-27.0%), from €29,241 to €21,339
- Short-term financial debts +€4,707
new in 2025: €4,707
- Tax, wage and social debts +€3,818
up €3,818 (+59.8%), from €6,388 to €10,206
- Depreciation -€3,911
down €3,911 (-46.2%), from €8,469 to €4,558
- Gross operating margin +€3,640
up €3,640 (+13.2%), from €27,659 to €31,300
- Taxes +€1,249
up €1,249 (+23.2%), from €5,384 to €6,633
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 | €46,910 | €57,624 | +€10,713 | +22.8% |
| Fixed assets | 21/28 | €8,560 | €4,001 | -€4,558 | -53.3% |
| Tangible fixed assets | 22/27 | €8,560 | €4,001 | -€4,558 | -53.3% |
| Furniture and vehicles | 24 | €8,560 | €4,001 | -€4,558 | -53.3% |
| Current assets | 29/58 | €38,351 | €53,622 | +€15,272 | +39.8% |
| Amounts receivable within one year | 40/41 | €14,664 | €13,597 | -€1,067 | -7.3% |
| Trade receivables | 40 | €12,032 | €7,202 | -€4,830 | -40.1% |
| Other amounts receivable | 41 | €2,632 | €6,395 | +€3,763 | +143% |
| Cash at bank and in hand | 54/58 | €22,950 | €38,743 | +€15,793 | +68.8% |
| Deferred charges and accrued income | 490/1 | €737 | €1,282 | +€546 | +74.1% |
| Total equity and liabilities | 10/49 | €46,910 | €57,624 | +€10,713 | +22.8% |
| Equity | 10/15 | €37,297 | €29,395 | -€7,902 | -21.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,241 | €21,339 | -€7,902 | -27.0% |
| Amounts payable | 17/49 | €9,613 | €28,229 | +€18,615 | +194% |
| Amounts payable within one year | 42/48 | €9,593 | €28,098 | +€18,504 | +193% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €4,707 | +€4,707 | |
| Other loans | 439 | - | €4,707 | +€4,707 | |
| Trade debts | 44 | €2,167 | €2,038 | -€130 | -6.0% |
| Suppliers | 440/4 | €2,167 | €2,038 | -€130 | -6.0% |
| Taxes, remuneration and social security | 45 | €6,388 | €10,206 | +€3,818 | +59.8% |
| Taxes | 450/3 | €6,388 | €10,206 | +€3,818 | +59.8% |
| Other amounts payable | 47/48 | €1,038 | €11,147 | +€10,109 | +974% |
| Accrued charges and deferred income | 492/3 | €20 | €131 | +€111 | +557% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,469 | €4,558 | -€3,911 | -46.2% |
| Other operating charges | 640/8 | €609 | €492 | -€116 | -19.1% |
| Gross operating margin | 9900 | €27,659 | €31,300 | +€3,640 | +13.2% |
| Operating profit (loss) | 9901 | €18,582 | €26,249 | +€7,667 | +41.3% |
| Financial income | 75/76B | €56 | €96 | +€40 | +72.2% |
| Recurring financial income | 75 | €56 | €96 | +€40 | +72.2% |
| Financial charges | 65/66B | €323 | €613 | +€291 | +90.2% |
| Recurring financial charges | 65 | €323 | €613 | +€291 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €18,315 | €25,731 | +€7,416 | +40.5% |
| Income taxes | 67/77 | €5,384 | €6,633 | +€1,249 | +23.2% |
| Profit (loss) for the period | 9904 | €12,930 | €19,098 | +€6,167 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,930 | €19,098 | +€6,167 | +47.7% |
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 27 October 2026 via checked.be.