R.C. ELEVATION LOCATION: 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.
R.C. ELEVATION LOCATION
Largest movements
- Tangible fixed assets -€42,312
down €42,312 (-13.9%), from €304,043 to €261,731
of which Plant, machinery and equipment: -€25,047
- Receivables within one year +€9,726
up €9,726 (+27.2%), from €35,790 to €45,515
of which Other amounts receivable: +€14,413
- Other debts -€25,377
down €25,377 (-11.0%), from €229,708 to €204,331
- Current portion of long-term debt -€12,824
no longer reported in 2025 (was €12,824)
- Short-term financial debts +€9,151
up €9,151 (+4924.3%), from €186 to €9,337
- Depreciation -€25,341
down €25,341 (-37.5%), from €67,653 to €42,312
- Gross operating margin -€23,520
down €23,520 (-33.2%), from €70,848 to €47,328
- Other operating charges +€815
up €815 (+76.9%), from €1,059 to €1,874
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,931 | €308,345 | -€32,587 | -9.6% |
| Fixed assets | 21/28 | €305,142 | €262,829 | -€42,312 | -13.9% |
| Tangible fixed assets | 22/27 | €304,043 | €261,731 | -€42,312 | -13.9% |
| Land and buildings | 22 | €250,376 | €233,111 | -€17,265 | -6.9% |
| Plant, machinery and equipment | 23 | €53,667 | €28,620 | -€25,047 | -46.7% |
| Financial fixed assets | 28 | €1,099 | €1,099 | = | 0.0% |
| Current assets | 29/58 | €35,790 | €45,515 | +€9,726 | +27.2% |
| Amounts receivable within one year | 40/41 | €35,790 | €45,515 | +€9,726 | +27.2% |
| Trade receivables | 40 | €23,912 | €19,225 | -€4,687 | -19.6% |
| Other amounts receivable | 41 | €11,878 | €26,291 | +€14,413 | +121.3% |
| Total equity and liabilities | 10/49 | €340,931 | €308,345 | -€32,587 | -9.6% |
| Equity | 10/15 | €83,912 | €85,008 | +€1,096 | +1.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €35,624 | €33,764 | -€1,860 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €33,764 | €33,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,687 | €30,784 | +€1,096 | +3.7% |
| Amounts payable | 17/49 | €257,020 | €223,337 | -€33,683 | -13.1% |
| Amounts payable within one year | 42/48 | €257,020 | €223,337 | -€33,683 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €12,824 | - | -€12,824 | |
| Financial debts | 43 | €186 | €9,337 | +€9,151 | +4924.3% |
| Credit institutions | 430/8 | €186 | €9,337 | +€9,151 | +4924.3% |
| Trade debts | 44 | €7,099 | €3,695 | -€3,403 | -47.9% |
| Suppliers | 440/4 | €7,099 | €3,695 | -€3,403 | -47.9% |
| Taxes, remuneration and social security | 45 | €7,203 | €5,973 | -€1,230 | -17.1% |
| Taxes | 450/3 | €6,022 | €5,973 | -€49 | -0.8% |
| Remuneration and social security | 454/9 | €1,181 | - | -€1,181 | |
| Other amounts payable | 47/48 | €229,708 | €204,331 | -€25,377 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,653 | €42,312 | -€25,341 | -37.5% |
| Other operating charges | 640/8 | €1,059 | €1,874 | +€815 | +76.9% |
| Gross operating margin | 9900 | €70,848 | €47,328 | -€23,520 | -33.2% |
| Operating profit (loss) | 9901 | €2,137 | €3,143 | +€1,006 | +47.1% |
| Financial income | 75/76B | €112 | €216 | +€104 | +93.4% |
| Recurring financial income | 75 | €112 | €216 | +€104 | +93.4% |
| Financial charges | 65/66B | €1,474 | €1,831 | +€357 | +24.2% |
| Recurring financial charges | 65 | €1,474 | €1,831 | +€357 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €774 | €1,528 | +€754 | +97.3% |
| Income taxes | 67/77 | €174 | €432 | +€258 | +148.8% |
| Profit (loss) for the period | 9904 | €601 | €1,096 | +€495 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €601 | €1,096 | +€495 | +82.4% |
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 9 October 2026 via checked.be.