REPROPRINT: 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.
REPROPRINT
Largest movements
- Current investments +€58,553
up €58,553 (+8.5%), from €692,249 to €750,802
- Tangible fixed assets -€13,182
down €13,182 (-31.2%), from €42,230 to €29,048
of which Furniture and vehicles: -€11,599
- Profit (loss) carried forward +€42,088
up €42,088 (+63.5%), from €66,324 to €108,412
- Financial income +€45,597
up €45,597 (+43.0%), from €106,086 to €151,683
- Financial charges +€6,399
up €6,399 (+20.6%), from €31,024 to €37,423
- Gross operating margin -€5,338
down €5,338 (-37.0%), from -€14,445 to -€19,783
- Other operating charges -€1,486
down €1,486 (-34.1%), from €4,363 to €2,877
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 | €765,084 | €814,773 | +€49,689 | +6.5% |
| Fixed assets | 21/28 | €42,230 | €29,048 | -€13,182 | -31.2% |
| Tangible fixed assets | 22/27 | €42,230 | €29,048 | -€13,182 | -31.2% |
| Plant, machinery and equipment | 23 | €944 | €682 | -€262 | -27.8% |
| Furniture and vehicles | 24 | €34,683 | €23,084 | -€11,599 | -33.4% |
| Other tangible fixed assets | 26 | €6,603 | €5,282 | -€1,321 | -20.0% |
| Current assets | 29/58 | €722,854 | €785,725 | +€62,871 | +8.7% |
| Amounts receivable within one year | 40/41 | €9,949 | €13,386 | +€3,437 | +34.5% |
| Other amounts receivable | 41 | €9,949 | €13,386 | +€3,437 | +34.5% |
| Current investments | 50/53 | €692,249 | €750,802 | +€58,553 | +8.5% |
| Cash at bank and in hand | 54/58 | €19,512 | €20,442 | +€930 | +4.8% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,095 | -€49 | -4.3% |
| Total equity and liabilities | 10/49 | €765,084 | €814,773 | +€49,689 | +6.5% |
| Equity | 10/15 | €721,028 | €763,116 | +€42,088 | +5.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €454,704 | €454,704 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,704 | €62,704 | = | 0.0% |
| Distributable reserves | 133 | €372,000 | €372,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,324 | €108,412 | +€42,088 | +63.5% |
| Amounts payable | 17/49 | €44,056 | €51,657 | +€7,601 | +17.3% |
| Amounts payable within one year | 42/48 | €38,550 | €45,666 | +€7,116 | +18.5% |
| Trade debts | 44 | €8,550 | €9,666 | +€1,116 | +13.1% |
| Suppliers | 440/4 | €8,550 | €9,666 | +€1,116 | +13.1% |
| Other amounts payable | 47/48 | €30,000 | €36,000 | +€6,000 | +20.0% |
| Accrued charges and deferred income | 492/3 | €5,506 | €5,991 | +€485 | +8.8% |
| Non-recurring operating income | 76A | €3,273 | - | -€3,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,333 | €13,182 | -€151 | -1.1% |
| Other operating charges | 640/8 | €4,363 | €2,877 | -€1,486 | -34.1% |
| Gross operating margin | 9900 | -€14,445 | -€19,783 | -€5,338 | -37.0% |
| Operating profit (loss) | 9901 | -€32,141 | -€35,842 | -€3,701 | -11.5% |
| Financial income | 75/76B | €106,086 | €151,683 | +€45,597 | +43.0% |
| Recurring financial income | 75 | €106,086 | €151,683 | +€45,597 | +43.0% |
| Financial charges | 65/66B | €31,024 | €37,423 | +€6,399 | +20.6% |
| Recurring financial charges | 65 | €31,024 | €37,423 | +€6,399 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €42,921 | €78,418 | +€35,497 | +82.7% |
| Income taxes | 67/77 | €320 | €330 | +€10 | +3.1% |
| Profit (loss) for the period | 9904 | €42,601 | €78,088 | +€35,487 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,601 | €78,088 | +€35,487 | +83.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.