REVELATION: 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.
REVELATION
Largest movements
- Tangible fixed assets -€9,345
down €9,345 (-4.6%), from €203,747 to €194,402
of which Land and buildings: -€7,968
- Debts after one year -€19,261
down €19,261 (-12.9%), from €148,768 to €129,508
of which Financial debts: -€19,261
- Profit (loss) carried forward +€5,549
up €5,549 (+17.7%), from -€31,405 to -€25,856
- Other debts +€2,611
up €2,611 (+4.8%), from €54,194 to €56,804
- Financial charges +€1,303
up €1,303 (+26.9%), from €4,839 to €6,141
- Depreciation +€721
up €721 (+7.0%), from €10,378 to €11,099
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 | €211,462 | €200,423 | -€11,039 | -5.2% |
| Fixed assets | 21/28 | €203,747 | €194,402 | -€9,345 | -4.6% |
| Tangible fixed assets | 22/27 | €203,747 | €194,402 | -€9,345 | -4.6% |
| Land and buildings | 22 | €197,566 | €189,598 | -€7,968 | -4.0% |
| Plant, machinery and equipment | 23 | €6,181 | €4,804 | -€1,377 | -22.3% |
| Current assets | 29/58 | €7,715 | €6,021 | -€1,694 | -22.0% |
| Amounts receivable within one year | 40/41 | €702 | - | -€702 | |
| Trade receivables | 40 | €702 | - | -€702 | |
| Cash at bank and in hand | 54/58 | €7,013 | €6,021 | -€992 | -14.1% |
| Total equity and liabilities | 10/49 | €211,462 | €200,423 | -€11,039 | -5.2% |
| Equity | 10/15 | -€12,805 | -€7,256 | +€5,549 | +43.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,405 | -€25,856 | +€5,549 | +17.7% |
| Amounts payable | 17/49 | €224,267 | €207,679 | -€16,588 | -7.4% |
| Amounts payable after more than one year | 17 | €148,768 | €129,508 | -€19,261 | -12.9% |
| Financial debts | 170/4 | €58,570 | €39,309 | -€19,261 | -32.9% |
| Other amounts payable | 178/9 | €90,199 | €90,199 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,370 | €78,171 | +€3,801 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €19,954 | €20,829 | +€875 | +4.4% |
| Trade debts | 44 | €223 | €538 | +€315 | +141% |
| Suppliers | 440/4 | €223 | €538 | +€315 | +141% |
| Other amounts payable | 47/48 | €54,194 | €56,804 | +€2,611 | +4.8% |
| Accrued charges and deferred income | 492/3 | €1,128 | - | -€1,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,378 | €11,099 | +€721 | +7.0% |
| Other operating charges | 640/8 | €2,161 | €2,229 | +€68 | +3.2% |
| Gross operating margin | 9900 | €25,120 | €25,019 | -€101 | -0.4% |
| Operating profit (loss) | 9901 | €12,581 | €11,691 | -€891 | -7.1% |
| Financial charges | 65/66B | €4,839 | €6,141 | +€1,303 | +26.9% |
| Recurring financial charges | 65 | €4,839 | €6,141 | +€1,303 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €7,742 | €5,549 | -€2,193 | -28.3% |
| Profit (loss) for the period | 9904 | €7,742 | €5,549 | -€2,193 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,742 | €5,549 | -€2,193 | -28.3% |
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 21 October 2026 via checked.be.