RESSOURCES SELECTION CHANGEMENT: 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.
RESSOURCES SELECTION CHANGEMENT
Largest movements
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Cash +€33,832
up €33,832 (+27.8%), from €121,780 to €155,612
mainly Current investments (+€70,000) and Net result for the year (+€4,637)
- Tangible fixed assets +€25,199
up €25,199 (+443%), from €5,690 to €30,889
- Tax, wage and social debts -€10,358
down €10,358 (-65.1%), from €15,906 to €5,547
- Advances received -€4,950
no longer reported in 2025 (was €4,950)
- Reserves +€4,637
up €4,637 (+2.7%), from €170,348 to €174,984
of which Distributable reserves: +€4,637
- Gross operating margin -€30,255
down €30,255 (-69.5%), from €43,501 to €13,247
- Taxes -€8,298
down €8,298 (-58.3%), from €14,237 to €5,939
- Financial income +€1,671
up €1,671 (+147%), from €1,140 to €2,811
- Depreciation +€1,653
up €1,653 (+85.1%), from €1,942 to €3,594
- Other operating charges +€668
up €668 (+69.2%), from €967 to €1,635
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 | €210,563 | €200,271 | -€10,292 | -4.9% |
| Fixed assets | 21/28 | €5,690 | €30,889 | +€25,199 | +443% |
| Tangible fixed assets | 22/27 | €5,690 | €30,889 | +€25,199 | +443% |
| Furniture and vehicles | 24 | €5,690 | €30,889 | +€25,199 | +443% |
| Current assets | 29/58 | €204,873 | €169,382 | -€35,491 | -17.3% |
| Amounts receivable within one year | 40/41 | €10,619 | €10,474 | -€144 | -1.4% |
| Trade receivables | 40 | €10,619 | €10,474 | -€144 | -1.4% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €121,780 | €155,612 | +€33,832 | +27.8% |
| Deferred charges and accrued income | 490/1 | €2,475 | €3,296 | +€821 | +33.2% |
| Total equity and liabilities | 10/49 | €210,563 | €200,271 | -€10,292 | -4.9% |
| Equity | 10/15 | €184,065 | €188,701 | +€4,637 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,348 | €174,984 | +€4,637 | +2.7% |
| 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 | €168,488 | €173,124 | +€4,637 | +2.8% |
| Profit (loss) carried forward | 14 | €7,517 | €7,517 | = | 0.0% |
| Amounts payable | 17/49 | €26,498 | €11,569 | -€14,929 | -56.3% |
| Amounts payable within one year | 42/48 | €26,498 | €11,569 | -€14,929 | -56.3% |
| Financial debts | 43 | €229 | €55 | -€174 | -76.0% |
| Credit institutions | 430/8 | €229 | €55 | -€174 | -76.0% |
| Trade debts | 44 | €5,342 | €5,874 | +€533 | +10.0% |
| Suppliers | 440/4 | €5,342 | €5,874 | +€533 | +10.0% |
| Advances received on contracts in progress | 46 | €4,950 | - | -€4,950 | |
| Taxes, remuneration and social security | 45 | €15,906 | €5,547 | -€10,358 | -65.1% |
| Taxes | 450/3 | €15,906 | €5,547 | -€10,358 | -65.1% |
| Other amounts payable | 47/48 | €73 | €93 | +€21 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,942 | €3,594 | +€1,653 | +85.1% |
| Other operating charges | 640/8 | €967 | €1,635 | +€668 | +69.2% |
| Gross operating margin | 9900 | €43,501 | €13,247 | -€30,255 | -69.5% |
| Operating profit (loss) | 9901 | €40,593 | €8,017 | -€32,576 | -80.2% |
| Financial income | 75/76B | €1,140 | €2,811 | +€1,671 | +147% |
| Recurring financial income | 75 | €1,140 | €2,811 | +€1,671 | +147% |
| Financial charges | 65/66B | €312 | €252 | -€59 | -19.1% |
| Recurring financial charges | 65 | €312 | €252 | -€59 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €41,422 | €10,576 | -€30,845 | -74.5% |
| Income taxes | 67/77 | €14,237 | €5,939 | -€8,298 | -58.3% |
| Profit (loss) for the period | 9904 | €27,184 | €4,637 | -€22,547 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,184 | €4,637 | -€22,547 | -82.9% |
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 23 October 2026 via checked.be.