S & R: 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.
S & R
Largest movements
- Tangible fixed assets -€4,932
down €4,932 (-8.2%), from €59,839 to €54,906
- Cash +€2,362
up €2,362 (+5413.9%), from €44 to €2,406
mainly Depreciation (+€4,932) and Trade debts (+€1,022)
- Current portion of long-term debt -€4,426
down €4,426 (-100.0%), from €4,426 to €0
- Trade debts +€1,022
up €1,022, from €0 to €1,022
- Other debts +€1,000
up €1,000 (+9.3%), from €10,789 to €11,789
- Gross operating margin -€1,182
down €1,182 (-16.3%), from €7,240 to €6,057
- Financial charges -€189
down €189 (-55.2%), from €342 to €153
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 | €59,882 | €57,312 | -€2,570 | -4.3% |
| Fixed assets | 21/28 | €59,839 | €54,906 | -€4,932 | -8.2% |
| Tangible fixed assets | 22/27 | €59,839 | €54,906 | -€4,932 | -8.2% |
| Land and buildings | 22 | €59,839 | €54,906 | -€4,932 | -8.2% |
| Current assets | 29/58 | €44 | €2,406 | +€2,362 | +5413.9% |
| Cash at bank and in hand | 54/58 | €44 | €2,406 | +€2,362 | +5413.9% |
| Total equity and liabilities | 10/49 | €59,882 | €57,312 | -€2,570 | -4.3% |
| Equity | 10/15 | €44,668 | €44,501 | -€167 | -0.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,332 | -€5,499 | -€167 | -3.1% |
| Amounts payable | 17/49 | €15,214 | €12,811 | -€2,403 | -15.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,214 | €12,811 | -€2,403 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €4,426 | €0 | -€4,426 | -100.0% |
| Trade debts | 44 | €0 | €1,022 | +€1,022 | |
| Suppliers | 440/4 | €0 | €1,022 | +€1,022 | |
| Other amounts payable | 47/48 | €10,789 | €11,789 | +€1,000 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,932 | €4,932 | = | 0.0% |
| Other operating charges | 640/8 | €1,105 | €1,138 | +€33 | +3.0% |
| Gross operating margin | 9900 | €7,240 | €6,057 | -€1,182 | -16.3% |
| Operating profit (loss) | 9901 | €1,202 | -€14 | -€1,215 | |
| Financial charges | 65/66B | €342 | €153 | -€189 | -55.2% |
| Recurring financial charges | 65 | €342 | €153 | -€189 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €860 | -€167 | -€1,027 | |
| Profit (loss) for the period | 9904 | €860 | -€167 | -€1,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €860 | -€167 | -€1,027 |
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 12 October 2026 via checked.be.