R en L: 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 en L
Largest movements
- Tangible fixed assets -€34,945
down €34,945 (-7.5%), from €464,186 to €429,241
of which Land and buildings: -€32,190
- Cash +€11,810
up €11,810 (+89.7%), from €13,172 to €24,982
mainly Depreciation (+€34,945) and Accrued charges and deferred income (+€6,764)
- Reserves -€13,016
down €13,016 (-7.0%), from €184,704 to €171,688
of which Tax-exempt reserves: -€13,016
- Accrued charges and deferred income +€6,764
up €6,764 (+71.4%), from €9,478 to €16,241
- Other debts -€6,561
down €6,561 (-4.3%), from €153,585 to €147,024
- Financial charges +€3,632
up €3,632 (+46.9%), from €7,752 to €11,384
- Gross operating margin -€331
down €331 (-1.1%), from €29,604 to €29,273
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 | €488,260 | €465,809 | -€22,451 | -4.6% |
| Fixed assets | 21/28 | €464,186 | €429,241 | -€34,945 | -7.5% |
| Tangible fixed assets | 22/27 | €464,186 | €429,241 | -€34,945 | -7.5% |
| Land and buildings | 22 | €461,431 | €429,241 | -€32,190 | -7.0% |
| Furniture and vehicles | 24 | €2,755 | - | -€2,755 | |
| Current assets | 29/58 | €24,074 | €36,567 | +€12,494 | +51.9% |
| Amounts receivable within one year | 40/41 | - | €13 | +€13 | |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Current investments | 50/53 | €8,966 | €8,966 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,172 | €24,982 | +€11,810 | +89.7% |
| Deferred charges and accrued income | 490/1 | €1,936 | €2,606 | +€670 | +34.6% |
| Total equity and liabilities | 10/49 | €488,260 | €465,809 | -€22,451 | -4.6% |
| Equity | 10/15 | €261,811 | €244,141 | -€17,670 | -6.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €184,704 | €171,688 | -€13,016 | -7.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,225 | €169,209 | -€13,016 | -7.1% |
| Profit (loss) carried forward | 14 | €52,318 | €47,664 | -€4,654 | -8.9% |
| Provisions and deferred taxes | 16 | €60,742 | €56,403 | -€4,339 | -7.1% |
| Deferred taxes | 168 | €60,742 | €56,403 | -€4,339 | -7.1% |
| Amounts payable | 17/49 | €165,707 | €165,265 | -€442 | -0.3% |
| Amounts payable after more than one year | 17 | €1,492 | €1,492 | = | 0.0% |
| Financial debts | 170/4 | €1,492 | €1,492 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,737 | €147,531 | -€7,206 | -4.7% |
| Trade debts | 44 | €1,152 | €508 | -€645 | -56.0% |
| Suppliers | 440/4 | €1,152 | €508 | -€645 | -56.0% |
| Other amounts payable | 47/48 | €153,585 | €147,024 | -€6,561 | -4.3% |
| Accrued charges and deferred income | 492/3 | €9,478 | €16,241 | +€6,764 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,088 | €34,945 | -€143 | -0.4% |
| Other operating charges | 640/8 | €4,848 | €4,998 | +€149 | +3.1% |
| Gross operating margin | 9900 | €29,604 | €29,273 | -€331 | -1.1% |
| Operating profit (loss) | 9901 | -€10,332 | -€10,669 | -€337 | -3.3% |
| Financial income | 75/76B | €25 | €45 | +€20 | +77.9% |
| Recurring financial income | 75 | €25 | €45 | +€20 | +77.9% |
| Financial charges | 65/66B | €7,752 | €11,384 | +€3,632 | +46.9% |
| Recurring financial charges | 65 | €7,752 | €11,384 | +€3,632 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,059 | -€22,009 | -€3,950 | -21.9% |
| Transfer from deferred taxes | 780 | €4,339 | €4,339 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,720 | -€17,670 | -€3,950 | -28.8% |
| Transfer from tax-exempt reserves | 789 | €13,016 | €13,016 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€704 | -€4,654 | -€3,950 | -561% |
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 25 October 2026 via checked.be.