Revers: 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.
Revers
Largest movements
- Cash +€59,894
up €59,894 (+77.0%), from €77,752 to €137,646
mainly Net result for the year (+€68,815) and Depreciation (+€56,671)
- Receivables within one year +€56,884
up €56,884 (+13.0%), from €437,444 to €494,328
of which Other amounts receivable: +€64,056
- Profit (loss) carried forward +€68,815
up €68,815 (+16.9%), from €407,950 to €476,765
- Debts within one year +€27,872
up €27,872 (+7.3%), from €384,054 to €411,926
of which Tax, wage and social debts: +€39,128
- Gross operating margin +€308,731
up €308,731 (+16.3%), from €1.9m to €2.2m
- Staff costs +€128,093
up €128,093 (+6.8%), from €1.9m to €2.0m
- Purchases and services -€26,015
down €26,015 (-9.8%), from €265,049 to €239,033
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 | €2,525,976 | €2,603,473 | +€77,498 | +3.1% |
| Fixed assets | 21/28 | €724,145 | €698,592 | -€25,554 | -3.5% |
| Tangible fixed assets | 22/27 | €719,765 | €696,012 | -€23,754 | -3.3% |
| Plant, machinery and equipment | 23 | €7,194 | €4,448 | -€2,747 | -38.2% |
| Furniture and vehicles | 24 | €7,171 | €13,504 | +€6,333 | +88.3% |
| Leasing and similar rights | 25 | €379,798 | €375,758 | -€4,040 | -1.1% |
| Other tangible fixed assets | 26 | €325,602 | €302,302 | -€23,300 | -7.2% |
| Financial fixed assets | 28 | €4,380 | €2,580 | -€1,800 | -41.1% |
| Current assets | 29/58 | €1,801,831 | €1,904,882 | +€103,051 | +5.7% |
| Amounts receivable within one year | 40/41 | €437,444 | €494,328 | +€56,884 | +13.0% |
| Trade receivables | 40 | €18,043 | €10,871 | -€7,172 | -39.8% |
| Other amounts receivable | 41 | €419,401 | €483,457 | +€64,056 | +15.3% |
| Cash at bank and in hand | 54/58 | €77,752 | €137,646 | +€59,894 | +77.0% |
| Deferred charges and accrued income | 490/1 | €1,286,635 | €1,272,908 | -€13,727 | -1.1% |
| Total equity and liabilities | 10/49 | €2,525,976 | €2,603,473 | +€77,498 | +3.1% |
| Equity | 10/15 | €491,793 | €560,608 | +€68,815 | +14.0% |
| Reserves | 13 | €83,843 | €83,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,950 | €476,765 | +€68,815 | +16.9% |
| Amounts payable | 17/49 | €2,034,183 | €2,042,866 | +€8,683 | +0.4% |
| Amounts payable after more than one year | 17 | €1,649,312 | €1,630,939 | -€18,373 | -1.1% |
| Financial debts | 170/4 | €1,649,312 | €1,630,939 | -€18,373 | -1.1% |
| Amounts payable within one year | 42/48 | €384,054 | €411,926 | +€27,872 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €18,373 | €18,373 | = | 0.0% |
| Trade debts | 44 | €35,246 | €13,641 | -€21,605 | -61.3% |
| Suppliers | 440/4 | €35,246 | €13,641 | -€21,605 | -61.3% |
| Taxes, remuneration and social security | 45 | €302,807 | €341,935 | +€39,128 | +12.9% |
| Taxes | 450/3 | €32,788 | €40,760 | +€7,972 | +24.3% |
| Remuneration and social security | 454/9 | €270,019 | €301,176 | +€31,157 | +11.5% |
| Accrued charges and deferred income | 492/3 | €817 | - | -€817 | |
| Membership fees, donations, legacies and grants | 73 | €2,060,225 | €2,333,380 | +€273,155 | +13.3% |
| Non-recurring operating income | 76A | €8,772 | €2,904 | -€5,868 | -66.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €265,049 | €239,033 | -€26,015 | -9.8% |
| Remuneration, social security and pensions | 62 | €1,876,994 | €2,005,086 | +€128,093 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,678 | €56,671 | +€1,993 | +3.6% |
| Other operating charges | 640/8 | €10,994 | €1,151 | -€9,843 | -89.5% |
| Non-recurring operating charges | 66A | €38,942 | €68,652 | +€29,710 | +76.3% |
| Gross operating margin | 9900 | €1,892,110 | €2,200,840 | +€308,731 | +16.3% |
| Operating profit (loss) | 9901 | -€76,498 | €69,280 | +€145,778 | |
| Financial income | 75/76B | €228 | €8 | -€220 | -96.5% |
| Recurring financial income | 75 | €228 | €8 | -€220 | -96.5% |
| Financial charges | 65/66B | €1,563 | €473 | -€1,089 | -69.7% |
| Recurring financial charges | 65 | €1,563 | €473 | -€1,089 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | -€77,833 | €68,815 | +€146,648 | |
| Profit (loss) for the period | 9904 | -€77,833 | €68,815 | +€146,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,833 | €68,815 | +€146,648 |
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 10 October 2026 via checked.be.