REVALIDATIECENTRUM: 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.
REVALIDATIECENTRUM
Largest movements
- Current investments +€50,333
up €50,333 (+33.2%), from €151,602 to €201,935
- Cash -€30,184
down €30,184 (-7.1%), from €423,213 to €393,029
mainly Contributions, distributions and other (-€183,007) and Investment in fixed assets (net) (-€89,664)
- Tangible fixed assets +€20,136
up €20,136 (+9.4%), from €214,102 to €234,238
of which Furniture and vehicles: +€51,825
- Receivables within one year +€16,833
up €16,833 (+25.7%), from €65,425 to €82,258
- Other debts +€64,544
up €64,544 (+28.9%), from €223,354 to €287,898
- Reserves -€64,170
down €64,170 (-12.5%), from €512,349 to €448,178
of which Distributable reserves: -€64,170
- Debts after one year +€24,235
up €24,235 (+353%), from €6,868 to €31,102
- Accrued charges and deferred income +€11,369
up €11,369 (+22.5%), from €50,566 to €61,934
- Gross operating margin -€32,445
down €32,445 (-12.0%), from €270,438 to €237,993
- Financial income +€21,508
up €21,508 (+639%), from €3,366 to €24,874
- Write-downs +€12,947
up €12,947, from -€6,359 to €6,588
- Depreciation +€11,510
up €11,510 (+19.8%), from €58,019 to €69,528
- Taxes -€10,919
down €10,919 (-17.1%), from €63,732 to €52,812
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 | €863,052 | €921,544 | +€58,492 | +6.8% |
| Fixed assets | 21/28 | €214,102 | €234,238 | +€20,136 | +9.4% |
| Tangible fixed assets | 22/27 | €214,102 | €234,238 | +€20,136 | +9.4% |
| Land and buildings | 22 | €578 | €397 | -€182 | -31.4% |
| Plant, machinery and equipment | 23 | €85,762 | €65,216 | -€20,546 | -24.0% |
| Furniture and vehicles | 24 | €61,178 | €113,003 | +€51,825 | +84.7% |
| Other tangible fixed assets | 26 | €66,584 | €55,622 | -€10,962 | -16.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €648,950 | €687,307 | +€38,357 | +5.9% |
| Amounts receivable within one year | 40/41 | €65,425 | €82,258 | +€16,833 | +25.7% |
| Trade receivables | 40 | €65,425 | €82,258 | +€16,833 | +25.7% |
| Current investments | 50/53 | €151,602 | €201,935 | +€50,333 | +33.2% |
| Cash at bank and in hand | 54/58 | €423,213 | €393,029 | -€30,184 | -7.1% |
| Deferred charges and accrued income | 490/1 | €8,709 | €10,085 | +€1,375 | +15.8% |
| Total equity and liabilities | 10/49 | €863,052 | €921,544 | +€58,492 | +6.8% |
| Equity | 10/15 | €525,257 | €461,086 | -€64,170 | -12.2% |
| Contributions | 10/11 | €12,908 | €12,908 | = | 0.0% |
| Reserves | 13 | €512,349 | €448,178 | -€64,170 | -12.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €512,349 | €448,178 | -€64,170 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €337,795 | €460,458 | +€122,663 | +36.3% |
| Amounts payable after more than one year | 17 | €6,868 | €31,102 | +€24,235 | +353% |
| Financial debts | 170/4 | €6,868 | €31,102 | +€24,235 | +353% |
| Amounts payable within one year | 42/48 | €280,362 | €367,421 | +€87,059 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €6,261 | €13,909 | +€7,647 | +122% |
| Financial debts | 43 | €8,546 | €8,488 | -€58 | -0.7% |
| Credit institutions | 430/8 | €8,546 | €8,488 | -€58 | -0.7% |
| Trade debts | 44 | €1,054 | €6,798 | +€5,744 | +545% |
| Suppliers | 440/4 | €1,054 | €6,798 | +€5,744 | +545% |
| Taxes, remuneration and social security | 45 | €41,146 | €50,329 | +€9,183 | +22.3% |
| Taxes | 450/3 | €38,921 | €48,029 | +€9,108 | +23.4% |
| Remuneration and social security | 454/9 | €2,225 | €2,300 | +€75 | +3.4% |
| Other amounts payable | 47/48 | €223,354 | €287,898 | +€64,544 | +28.9% |
| Accrued charges and deferred income | 492/3 | €50,566 | €61,934 | +€11,369 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,019 | €69,528 | +€11,510 | +19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,359 | €6,588 | +€12,947 | |
| Other operating charges | 640/8 | €6,924 | €6,934 | +€10 | +0.1% |
| Gross operating margin | 9900 | €270,438 | €237,993 | -€32,445 | -12.0% |
| Operating profit (loss) | 9901 | €211,854 | €154,942 | -€56,912 | -26.9% |
| Financial income | 75/76B | €3,366 | €24,874 | +€21,508 | +639% |
| Recurring financial income | 75 | €3,366 | €24,874 | +€21,508 | +639% |
| Financial charges | 65/66B | €5,235 | €8,167 | +€2,933 | +56.0% |
| Recurring financial charges | 65 | €5,235 | €8,167 | +€2,933 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €209,985 | €171,649 | -€38,336 | -18.3% |
| Income taxes | 67/77 | €63,732 | €52,812 | -€10,919 | -17.1% |
| Profit (loss) for the period | 9904 | €146,254 | €118,837 | -€27,417 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,254 | €118,837 | -€27,417 | -18.7% |
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 15 October 2026 via checked.be.