R & M: 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.
R & M
Largest movements
- Receivables within one year -€2,623
down €2,623 (-4.3%), from €61,566 to €58,943
- Trade debts -€1,289
no longer reported in 2025 (was €1,289)
- Gross operating margin -€3,219
down €3,219, from €3,063 to -€156
- Purchases and services +€2,909
up €2,909 (+481.6%), from €604 to €3,513
- Other operating charges -€1,243
no longer reported in 2025 (was €1,243)
- Taxes +€39
up €39 (+8.5%), from €457 to €496
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 | €86,112 | €83,489 | -€2,623 | -3.0% |
| Current assets | 29/58 | €86,112 | €83,489 | -€2,623 | -3.0% |
| Amounts receivable within one year | 40/41 | €61,566 | €58,943 | -€2,623 | -4.3% |
| Other amounts receivable | 41 | €61,566 | €58,943 | -€2,623 | -4.3% |
| Deferred charges and accrued income | 490/1 | €24,546 | €24,546 | = | 0.0% |
| Total equity and liabilities | 10/49 | €86,112 | €83,489 | -€2,623 | -3.0% |
| Equity | 10/15 | €81,611 | €80,959 | -€652 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,411 | €75,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,551 | €73,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€652 | -€652 | |
| Provisions and deferred taxes | 16 | €2,034 | €2,034 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,034 | €2,034 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,034 | €2,034 | = | 0.0% |
| Amounts payable | 17/49 | €2,467 | €496 | -€1,971 | -79.9% |
| Amounts payable within one year | 42/48 | €2,467 | €496 | -€1,971 | -79.9% |
| Trade debts | 44 | €1,289 | - | -€1,289 | |
| Suppliers | 440/4 | €1,289 | - | -€1,289 | |
| Taxes, remuneration and social security | 45 | €1,178 | €496 | -€682 | -57.9% |
| Taxes | 450/3 | €1,178 | €496 | -€682 | -57.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €604 | €3,513 | +€2,909 | +481.6% |
| Other operating charges | 640/8 | €1,243 | - | -€1,243 | |
| Gross operating margin | 9900 | €3,063 | -€156 | -€3,219 | |
| Operating profit (loss) | 9901 | €1,820 | -€156 | -€1,976 | |
| Profit (loss) for the period before taxes | 9903 | €1,820 | -€156 | -€1,976 | |
| Income taxes | 67/77 | €457 | €496 | +€39 | +8.5% |
| Profit (loss) for the period | 9904 | €1,363 | -€652 | -€2,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,363 | -€652 | -€2,015 |
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 8 October 2026 via checked.be.