PURPLE: what changed
Two fiscal 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.
PURPLE
Largest movements
- Receivables within one year -€42,999
down €42,999 (-89.3%), from €48,126 to €5,127
of which Other amounts receivable: -€41,877
- Current investments -€41,600
no longer reported in 2025 (was €41,600)
- Tangible fixed assets +€33,249
up €33,249 (+242.9%), from €13,687 to €46,936
of which Furniture and vehicles: +€33,585
- Cash +€6,165
up €6,165 (+21.6%), from €28,513 to €34,678
mainly Net result for the year (+€88,391) and Receivables within one year (+€42,999)
- Reserves +€80,891
up €80,891 (+67.2%), from €120,423 to €201,314
- Other debts -€72,500
down €72,500 (-90.6%), from €80,000 to €7,500
- Provisions -€41,600
no longer reported in 2025 (was €41,600)
- Trade debts -€11,721
down €11,721 (-71.7%), from €16,356 to €4,635
- Debts after one year -€9,827
down €9,827 (-27.9%), from €35,202 to €25,375
- Provisions -€83,200
down €83,200, from €41,600 to -€41,600
- Financial income +€50,614
up €50,614 (+1567.5%), from €3,229 to €53,843
- Gross operating margin -€44,801
down €44,801 (-61.1%), from €73,287 to €28,486
- Taxes +€16,581
up €16,581 (+266.2%), from €6,229 to €22,810
- Financial charges -€5,645
down €5,645 (-59.2%), from €9,540 to €3,895
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 | €592,485 | €547,341 | -€45,144 | -7.6% |
| Fixed assets | 21/28 | €470,946 | €504,194 | +€33,249 | +7.1% |
| Tangible fixed assets | 22/27 | €13,687 | €46,936 | +€33,249 | +242.9% |
| Furniture and vehicles | 24 | €11,552 | €45,136 | +€33,585 | +290.7% |
| Other tangible fixed assets | 26 | €2,136 | €1,800 | -€336 | -15.7% |
| Financial fixed assets | 28 | €457,258 | €457,258 | = | 0.0% |
| Current assets | 29/58 | €121,540 | €43,147 | -€78,393 | -64.5% |
| Amounts receivable within one year | 40/41 | €48,126 | €5,127 | -€42,999 | -89.3% |
| Trade receivables | 40 | €1,633 | €512 | -€1,121 | -68.7% |
| Other amounts receivable | 41 | €46,493 | €4,615 | -€41,877 | -90.1% |
| Current investments | 50/53 | €41,600 | - | -€41,600 | |
| Cash at bank and in hand | 54/58 | €28,513 | €34,678 | +€6,165 | +21.6% |
| Deferred charges and accrued income | 490/1 | €3,302 | €3,343 | +€41 | +1.2% |
| Total equity and liabilities | 10/49 | €592,485 | €547,341 | -€45,144 | -7.6% |
| Equity | 10/15 | €399,838 | €480,729 | +€80,891 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,423 | €201,314 | +€80,891 | +67.2% |
| Distributable reserves | 133 | €120,423 | €201,314 | +€80,891 | +67.2% |
| Profit (loss) carried forward | 14 | €260,815 | €260,815 | = | 0.0% |
| Provisions and deferred taxes | 16 | €41,600 | - | -€41,600 | |
| Provisions for liabilities and charges | 160/5 | €41,600 | - | -€41,600 | |
| Other liabilities and charges | 164/5 | €41,600 | - | -€41,600 | |
| Amounts payable | 17/49 | €151,047 | €66,612 | -€84,435 | -55.9% |
| Amounts payable after more than one year | 17 | €35,202 | €25,375 | -€9,827 | -27.9% |
| Financial debts | 170/4 | €35,202 | €25,375 | -€9,827 | -27.9% |
| Amounts payable within one year | 42/48 | €115,836 | €39,412 | -€76,424 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €9,455 | €9,827 | +€372 | +3.9% |
| Trade debts | 44 | €16,356 | €4,635 | -€11,721 | -71.7% |
| Suppliers | 440/4 | €16,356 | €4,635 | -€11,721 | -71.7% |
| Taxes, remuneration and social security | 45 | €10,025 | €17,450 | +€7,425 | +74.1% |
| Taxes | 450/3 | €9,585 | €17,266 | +€7,681 | +80.1% |
| Remuneration and social security | 454/9 | €440 | €184 | -€256 | -58.2% |
| Other amounts payable | 47/48 | €80,000 | €7,500 | -€72,500 | -90.6% |
| Accrued charges and deferred income | 492/3 | €10 | €1,826 | +€1,816 | +18644.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,585 | €7,371 | +€786 | +11.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €41,600 | -€41,600 | -€83,200 | |
| Other operating charges | 640/8 | €891 | €1,463 | +€571 | +64.1% |
| Gross operating margin | 9900 | €73,287 | €28,486 | -€44,801 | -61.1% |
| Operating profit (loss) | 9901 | €24,211 | €61,253 | +€37,042 | +153.0% |
| Financial income | 75/76B | €3,229 | €53,843 | +€50,614 | +1567.5% |
| Recurring financial income | 75 | €3,229 | €53,843 | +€50,614 | +1567.5% |
| Financial charges | 65/66B | €9,540 | €3,895 | -€5,645 | -59.2% |
| Recurring financial charges | 65 | €9,540 | €3,895 | -€5,645 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €17,899 | €111,201 | +€93,301 | +521.3% |
| Income taxes | 67/77 | €6,229 | €22,810 | +€16,581 | +266.2% |
| Profit (loss) for the period | 9904 | €11,670 | €88,391 | +€76,720 | +657.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,670 | €88,391 | +€76,720 | +657.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.