READ.BE: 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.
READ.BE
Largest movements
- Tangible fixed assets -€4,879
down €4,879 (-3.3%), from €149,613 to €144,734
- Cash -€2,345
down €2,345 (-4.5%), from €52,380 to €50,035
mainly Debts after one year (-€7,335) and Current portion of long-term debt (-€2,290)
- Debts after one year -€7,335
no longer reported in 2025 (was €7,335)
- Profit (loss) carried forward +€3,097
up €3,097 (+4.0%), from €78,369 to €81,466
- Current portion of long-term debt -€2,290
down €2,290 (-23.8%), from €9,626 to €7,335
- Financial income +€1,170
up €1,170 (+66.8%), from €1,751 to €2,921
- Gross operating margin +€201
up €201 (+3.0%), from €6,638 to €6,839
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 | €201,993 | €194,768 | -€7,225 | -3.6% |
| Fixed assets | 21/28 | €149,613 | €144,734 | -€4,879 | -3.3% |
| Tangible fixed assets | 22/27 | €149,613 | €144,734 | -€4,879 | -3.3% |
| Land and buildings | 22 | €149,613 | €144,734 | -€4,879 | -3.3% |
| Current assets | 29/58 | €52,380 | €50,035 | -€2,345 | -4.5% |
| Cash at bank and in hand | 54/58 | €52,380 | €50,035 | -€2,345 | -4.5% |
| Total equity and liabilities | 10/49 | €201,993 | €194,768 | -€7,225 | -3.6% |
| Equity | 10/15 | €92,729 | €95,826 | +€3,097 | +3.3% |
| Contributions | 10/11 | €14,360 | €14,360 | = | 0.0% |
| Outside capital | 11 | €14,360 | - | -€14,360 | |
| Share premium | 1100/10 | €14,360 | - | -€14,360 | |
| Profit (loss) carried forward | 14 | €78,369 | €81,466 | +€3,097 | +4.0% |
| Amounts payable | 17/49 | €109,264 | €98,943 | -€10,321 | -9.4% |
| Amounts payable after more than one year | 17 | €7,335 | - | -€7,335 | |
| Financial debts | 170/4 | €7,335 | - | -€7,335 | |
| Amounts payable within one year | 42/48 | €101,929 | €98,943 | -€2,986 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €9,626 | €7,335 | -€2,290 | -23.8% |
| Trade debts | 44 | €1,192 | - | -€1,192 | |
| Suppliers | 440/4 | €1,192 | - | -€1,192 | |
| Other amounts payable | 47/48 | €91,111 | €91,608 | +€496 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,879 | €4,879 | = | 0.0% |
| Other operating charges | 640/8 | €1,116 | €1,152 | +€35 | +3.2% |
| Gross operating margin | 9900 | €6,638 | €6,839 | +€201 | +3.0% |
| Operating profit (loss) | 9901 | €642 | €808 | +€166 | +25.8% |
| Financial income | 75/76B | €1,751 | €2,921 | +€1,170 | +66.8% |
| Recurring financial income | 75 | €1,751 | €2,921 | +€1,170 | +66.8% |
| Financial charges | 65/66B | €610 | €633 | +€23 | +3.7% |
| Recurring financial charges | 65 | €610 | €633 | +€23 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €1,783 | €3,097 | +€1,313 | +73.6% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €1,783 | €3,097 | +€1,314 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,783 | €3,097 | +€1,314 | +73.7% |
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 3 October 2026 via checked.be.