Red Statue: 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.
Red Statue
Largest movements
- Cash +€116,240
up €116,240 (+14.6%), from €796,047 to €912,286
mainly Net result for the year (+€186,203) and Receivables within one year (+€37,427)
- Receivables within one year -€37,427
down €37,427 (-27.4%), from €136,398 to €98,971
of which Trade receivables: -€45,575
- Current investments -€31,643
down €31,643 (-68.3%), from €46,359 to €14,716
- Tangible fixed assets -€24,595
down €24,595 (-22.4%), from €109,979 to €85,384
of which Furniture and vehicles: -€17,459
- Reserves +€184,537
up €184,537 (+21.5%), from €857,453 to €1.0m
of which Distributable reserves: +€184,537
- Other debts -€157,186
down €157,186 (-80.0%), from €196,388 to €39,202
- Gross operating margin +€100,295
up €100,295 (+47.9%), from €209,471 to €309,766
- Taxes +€27,342
up €27,342 (+50.2%), from €54,509 to €81,851
- Depreciation +€4,343
up €4,343 (+18.9%), from €22,957 to €27,300
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 | €1,092,068 | €1,114,778 | +€22,709 | +2.1% |
| Fixed assets | 21/28 | €109,979 | €85,384 | -€24,595 | -22.4% |
| Tangible fixed assets | 22/27 | €109,979 | €85,384 | -€24,595 | -22.4% |
| Land and buildings | 22 | €22,755 | €16,601 | -€6,154 | -27.0% |
| Plant, machinery and equipment | 23 | €16,053 | €15,071 | -€982 | -6.1% |
| Furniture and vehicles | 24 | €71,172 | €53,713 | -€17,459 | -24.5% |
| Current assets | 29/58 | €982,089 | €1,029,394 | +€47,305 | +4.8% |
| Amounts receivable within one year | 40/41 | €136,398 | €98,971 | -€37,427 | -27.4% |
| Trade receivables | 40 | €132,907 | €87,332 | -€45,575 | -34.3% |
| Other amounts receivable | 41 | €3,491 | €11,640 | +€8,149 | +233.4% |
| Current investments | 50/53 | €46,359 | €14,716 | -€31,643 | -68.3% |
| Cash at bank and in hand | 54/58 | €796,047 | €912,286 | +€116,240 | +14.6% |
| Deferred charges and accrued income | 490/1 | €3,285 | €3,420 | +€135 | +4.1% |
| Total equity and liabilities | 10/49 | €1,092,068 | €1,114,778 | +€22,709 | +2.1% |
| Equity | 10/15 | €863,653 | €1,048,190 | +€184,537 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €857,453 | €1,041,990 | +€184,537 | +21.5% |
| 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 | €855,593 | €1,040,130 | +€184,537 | +21.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €228,416 | €66,588 | -€161,828 | -70.8% |
| Amounts payable within one year | 42/48 | €228,416 | €66,588 | -€161,828 | -70.8% |
| Trade debts | 44 | €4,953 | €285 | -€4,668 | -94.3% |
| Suppliers | 440/4 | €4,953 | €285 | -€4,668 | -94.3% |
| Taxes, remuneration and social security | 45 | €27,075 | €27,101 | +€26 | +0.1% |
| Taxes | 450/3 | €27,075 | €27,101 | +€26 | +0.1% |
| Other amounts payable | 47/48 | €196,388 | €39,202 | -€157,186 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,957 | €27,300 | +€4,343 | +18.9% |
| Other operating charges | 640/8 | €1,256 | €1,915 | +€659 | +52.5% |
| Gross operating margin | 9900 | €209,471 | €309,766 | +€100,295 | +47.9% |
| Operating profit (loss) | 9901 | €185,257 | €280,550 | +€95,293 | +51.4% |
| Financial income | 75/76B | €2,054 | €677 | -€1,377 | -67.0% |
| Recurring financial income | 75 | €2,054 | €677 | -€1,377 | -67.0% |
| Financial charges | 65/66B | €14,666 | €13,173 | -€1,493 | -10.2% |
| Recurring financial charges | 65 | €14,666 | €13,173 | -€1,493 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €172,645 | €268,055 | +€95,410 | +55.3% |
| Income taxes | 67/77 | €54,509 | €81,851 | +€27,342 | +50.2% |
| Profit (loss) for the period | 9904 | €118,136 | €186,203 | +€68,067 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,136 | €186,203 | +€68,067 | +57.6% |
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 5 October 2026 via checked.be.