RELIEF ARCHITECTURE: 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.
RELIEF ARCHITECTURE
Largest movements
- Cash +€18,324
up €18,324 (+9.0%), from €202,923 to €221,247
mainly Depreciation (+€30,369) and Net result for the year (+€14,386)
- Tangible fixed assets -€15,057
down €15,057 (-9.0%), from €167,782 to €152,725
of which Other tangible fixed assets: -€20,935
- Deferred charges and accrued income +€8,860
up €8,860 (+1,768%), from €501 to €9,362
- Profit (loss) carried forward +€14,386
up €14,386 (+14.1%), from -€101,715 to -€87,330
- Other debts -€12,906
down €12,906 (-66.8%), from €19,316 to €6,410
- Accrued charges and deferred income +€10,715
new in 2025: €10,715
- Debts after one year -€10,048
down €10,048 (-18.6%), from €54,128 to €44,081
of which Financial debts: -€10,048
- Tax, wage and social debts +€5,067
up €5,067 (+36.6%), from €13,841 to €18,907
of which Remuneration and social security: +€5,398
- Write-downs +€58,957
no longer reported in 2025 (was -€58,957)
- Other operating charges -€42,006
down €42,006 (-92.4%), from €45,462 to €3,456
- Staff costs +€29,258
up €29,258 (+59.2%), from €49,414 to €78,673
- Gross operating margin +€24,850
up €24,850 (+23.9%), from €103,758 to €128,608
- Depreciation +€2,400
up €2,400 (+8.6%), from €27,969 to €30,369
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 | €396,361 | €404,557 | +€8,196 | +2.1% |
| Fixed assets | 21/28 | €168,042 | €152,985 | -€15,057 | -9.0% |
| Tangible fixed assets | 22/27 | €167,782 | €152,725 | -€15,057 | -9.0% |
| Furniture and vehicles | 24 | €32,322 | €38,199 | +€5,878 | +18.2% |
| Other tangible fixed assets | 26 | €135,460 | €114,525 | -€20,935 | -15.5% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €228,320 | €251,573 | +€23,253 | +10.2% |
| Amounts receivable within one year | 40/41 | €24,895 | €20,964 | -€3,931 | -15.8% |
| Trade receivables | 40 | €22,543 | €20,964 | -€1,579 | -7.0% |
| Other amounts receivable | 41 | €2,352 | - | -€2,352 | |
| Cash at bank and in hand | 54/58 | €202,923 | €221,247 | +€18,324 | +9.0% |
| Deferred charges and accrued income | 490/1 | €501 | €9,362 | +€8,860 | +1,768% |
| Total equity and liabilities | 10/49 | €396,361 | €404,557 | +€8,196 | +2.1% |
| Equity | 10/15 | €276,568 | €290,953 | +€14,386 | +5.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €365,883 | €365,883 | = | 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 | €364,023 | €364,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,715 | -€87,330 | +€14,386 | +14.1% |
| Amounts payable | 17/49 | €119,794 | €113,604 | -€6,190 | -5.2% |
| Amounts payable after more than one year | 17 | €54,128 | €44,081 | -€10,048 | -18.6% |
| Financial debts | 170/4 | €52,478 | €42,431 | -€10,048 | -19.1% |
| Other amounts payable | 178/9 | €1,650 | €1,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,665 | €58,808 | -€6,857 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €9,916 | €10,048 | +€131 | +1.3% |
| Trade debts | 44 | €22,592 | €23,442 | +€851 | +3.8% |
| Suppliers | 440/4 | €22,592 | €23,442 | +€851 | +3.8% |
| Taxes, remuneration and social security | 45 | €13,841 | €18,907 | +€5,067 | +36.6% |
| Taxes | 450/3 | €3,400 | €3,070 | -€331 | -9.7% |
| Remuneration and social security | 454/9 | €10,440 | €15,838 | +€5,398 | +51.7% |
| Other amounts payable | 47/48 | €19,316 | €6,410 | -€12,906 | -66.8% |
| Accrued charges and deferred income | 492/3 | - | €10,715 | +€10,715 | |
| Non-recurring operating income | 76A | €2,450 | - | -€2,450 | |
| Remuneration, social security and pensions | 62 | €49,414 | €78,673 | +€29,258 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,969 | €30,369 | +€2,400 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€58,957 | - | +€58,957 | |
| Other operating charges | 640/8 | €45,462 | €3,456 | -€42,006 | -92.4% |
| Non-recurring operating charges | 66A | €4,385 | - | -€4,385 | |
| Gross operating margin | 9900 | €103,758 | €128,608 | +€24,850 | +23.9% |
| Operating profit (loss) | 9901 | €35,485 | €16,111 | -€19,375 | -54.6% |
| Financial income | 75/76B | €63 | €8 | -€54 | -86.8% |
| Recurring financial income | 75 | €63 | €8 | -€54 | -86.8% |
| Financial charges | 65/66B | €3,257 | €1,409 | -€1,848 | -56.7% |
| Recurring financial charges | 65 | €3,257 | €1,409 | -€1,848 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €32,291 | €14,710 | -€17,581 | -54.4% |
| Income taxes | 67/77 | €256 | €325 | +€69 | +26.9% |
| Profit (loss) for the period | 9904 | €32,035 | €14,386 | -€17,650 | -55.1% |
| Transfer from tax-exempt reserves | 789 | €61,045 | - | -€61,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,080 | €14,386 | -€78,695 | -84.5% |
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.