R INFOGRAPHIE: 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 INFOGRAPHIE
Largest movements
- Tangible fixed assets -€13,720
down €13,720 (-8.0%), from €172,472 to €158,752
of which Land and buildings: -€13,221
- Receivables within one year -€4,896
down €4,896 (-97.0%), from €5,046 to €150
of which Trade receivables: -€4,914
- Profit (loss) carried forward -€21,293
down €21,293 (-13.0%), from -€164,124 to -€185,417
- Other debts +€13,003
up €13,003 (+11.5%), from €113,111 to €126,114
- Debts after one year -€11,731
down €11,731 (-6.1%), from €193,018 to €181,287
- Trade debts +€3,602
up €3,602 (+825%), from €437 to €4,038
- Financial charges -€962
down €962 (-7.5%), from €12,869 to €11,907
- Other operating charges +€894
up €894 (+294%), from €304 to €1,199
- Gross operating margin +€493
up €493 (+9.8%), from €5,039 to €5,532
- Depreciation -€144
down €144 (-1.0%), from €13,864 to €13,720
- Taxes +€116
no longer reported in 2025 (was -€116)
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 | €177,659 | €160,586 | -€17,073 | -9.6% |
| Fixed assets | 21/28 | €172,612 | €158,892 | -€13,720 | -7.9% |
| Tangible fixed assets | 22/27 | €172,472 | €158,752 | -€13,720 | -8.0% |
| Land and buildings | 22 | €171,939 | €158,718 | -€13,221 | -7.7% |
| Furniture and vehicles | 24 | €533 | €34 | -€498 | -93.6% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €5,046 | €1,694 | -€3,353 | -66.4% |
| Amounts receivable within one year | 40/41 | €5,046 | €150 | -€4,896 | -97.0% |
| Trade receivables | 40 | €5,038 | €124 | -€4,914 | -97.5% |
| Other amounts receivable | 41 | €8 | €27 | +€18 | +218% |
| Cash at bank and in hand | 54/58 | €0 | €1,543 | +€1,543 | +1,402,936% |
| Total equity and liabilities | 10/49 | €177,659 | €160,586 | -€17,073 | -9.6% |
| Equity | 10/15 | -€156,064 | -€177,357 | -€21,293 | -13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€164,124 | -€185,417 | -€21,293 | -13.0% |
| Amounts payable | 17/49 | €333,723 | €337,943 | +€4,220 | +1.3% |
| Amounts payable after more than one year | 17 | €193,018 | €181,287 | -€11,731 | -6.1% |
| Financial debts | 170/4 | €193,018 | €181,287 | -€11,731 | -6.1% |
| Amounts payable within one year | 42/48 | €140,614 | €156,656 | +€16,041 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €11,197 | €11,731 | +€534 | +4.8% |
| Financial debts | 43 | €14,728 | €14,671 | -€57 | -0.4% |
| Credit institutions | 430/8 | €14,728 | €14,671 | -€57 | -0.4% |
| Trade debts | 44 | €437 | €4,038 | +€3,602 | +825% |
| Suppliers | 440/4 | €437 | €4,038 | +€3,602 | +825% |
| Advances received on contracts in progress | 46 | €127 | - | -€127 | |
| Taxes, remuneration and social security | 45 | €1,015 | €102 | -€913 | -90.0% |
| Taxes | 450/3 | €1,015 | €102 | -€913 | -90.0% |
| Other amounts payable | 47/48 | €113,111 | €126,114 | +€13,003 | +11.5% |
| Accrued charges and deferred income | 492/3 | €90 | - | -€90 | |
| Non-recurring operating income | 76A | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,864 | €13,720 | -€144 | -1.0% |
| Other operating charges | 640/8 | €304 | €1,199 | +€894 | +294% |
| Gross operating margin | 9900 | €5,039 | €5,532 | +€493 | +9.8% |
| Operating profit (loss) | 9901 | -€9,129 | -€9,386 | -€257 | -2.8% |
| Financial charges | 65/66B | €12,869 | €11,907 | -€962 | -7.5% |
| Recurring financial charges | 65 | €12,869 | €11,907 | -€962 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,999 | -€21,293 | +€706 | +3.2% |
| Income taxes | 67/77 | -€116 | - | +€116 | |
| Profit (loss) for the period | 9904 | -€21,882 | -€21,293 | +€590 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,882 | -€21,293 | +€590 | +2.7% |
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 26 October 2026 via checked.be.