S - PRESS: 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.
S - PRESS
Largest movements
- Tangible fixed assets +€180,814
up €180,814 (+10.4%), from €1.7m to €1.9m
of which Land and buildings: +€182,030
- Cash -€72,618
down €72,618 (-99.8%), from €72,790 to €172
mainly Investment in fixed assets (net) (-€201,601) and Trade debts (-€62,924)
- Debts after one year +€121,166
up €121,166 (+10.1%), from €1.2m to €1.3m
- Other debts +€100,451
up €100,451 (+27.8%), from €361,122 to €461,573
- Trade debts -€62,924
down €62,924 (-94.3%), from €66,704 to €3,780
- Profit (loss) carried forward -€49,849
down €49,849 (-18.4%), from -€270,845 to -€320,694
- Financial charges +€8,642
up €8,642 (+34.8%), from €24,851 to €33,493
- Depreciation +€3,532
up €3,532 (+20.5%), from €17,254 to €20,786
- Other operating charges +€530
up €530 (+8.7%), from €6,129 to €6,659
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 | €1,876,827 | €1,984,522 | +€107,695 | +5.7% |
| Fixed assets | 21/28 | €1,730,509 | €1,911,324 | +€180,814 | +10.4% |
| Tangible fixed assets | 22/27 | €1,730,509 | €1,911,324 | +€180,814 | +10.4% |
| Land and buildings | 22 | €1,729,293 | €1,911,324 | +€182,030 | +10.5% |
| Plant, machinery and equipment | 23 | €1,216 | - | -€1,216 | |
| Current assets | 29/58 | €146,318 | €73,198 | -€73,119 | -50.0% |
| Amounts receivable within one year | 40/41 | €72,077 | €72,983 | +€906 | +1.3% |
| Trade receivables | 40 | - | €1,700 | +€1,700 | |
| Other amounts receivable | 41 | €72,077 | €71,283 | -€794 | -1.1% |
| Cash at bank and in hand | 54/58 | €72,790 | €172 | -€72,618 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,451 | €43 | -€1,407 | -97.0% |
| Total equity and liabilities | 10/49 | €1,876,827 | €1,984,522 | +€107,695 | +5.7% |
| Equity | 10/15 | €231,096 | €181,248 | -€49,849 | -21.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €483,391 | €483,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,845 | -€320,694 | -€49,849 | -18.4% |
| Amounts payable | 17/49 | €1,645,730 | €1,803,274 | +€157,544 | +9.6% |
| Amounts payable after more than one year | 17 | €1,204,602 | €1,325,769 | +€121,166 | +10.1% |
| Financial debts | 170/4 | €1,204,602 | €1,325,769 | +€121,166 | +10.1% |
| Amounts payable within one year | 42/48 | €441,128 | €477,506 | +€36,377 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €13,302 | €12,153 | -€1,149 | -8.6% |
| Trade debts | 44 | €66,704 | €3,780 | -€62,924 | -94.3% |
| Suppliers | 440/4 | €66,704 | €3,780 | -€62,924 | -94.3% |
| Other amounts payable | 47/48 | €361,122 | €461,573 | +€100,451 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,254 | €20,786 | +€3,532 | +20.5% |
| Other operating charges | 640/8 | €6,129 | €6,659 | +€530 | +8.7% |
| Gross operating margin | 9900 | €11,156 | €11,090 | -€67 | -0.6% |
| Operating profit (loss) | 9901 | -€12,226 | -€16,356 | -€4,129 | -33.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €24,851 | €33,493 | +€8,642 | +34.8% |
| Recurring financial charges | 65 | €24,851 | €33,493 | +€8,642 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,077 | -€49,849 | -€12,772 | -34.4% |
| Profit (loss) for the period | 9904 | -€37,077 | -€49,849 | -€12,772 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,077 | -€49,849 | -€12,772 | -34.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.