SAVINGS & TRADING: 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.
SAVINGS & TRADING
Largest movements
- Tangible fixed assets -€23,357
down €23,357 (-5.0%), from €462,707 to €439,350
- Receivables within one year +€13,342
up €13,342 (+1.9%), from €720,173 to €733,515
of which Other amounts receivable: +€24,342
- Profit (loss) carried forward -€18,869
down €18,869 (-3.7%), from €509,226 to €490,357
- Gross operating margin -€23,188
down €23,188 (-64.2%), from €36,128 to €12,940
- Staff costs +€1,262
up €1,262 (+5.4%), from €23,339 to €24,601
- Financial income +€924
up €924 (+4.5%), from €20,591 to €21,515
- Other operating charges +€596
up €596 (+13.0%), from €4,577 to €5,173
- Taxes -€488
no longer reported in 2025 (was €488)
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 | €1,186,514 | €1,176,736 | -€9,778 | -0.8% |
| Fixed assets | 21/28 | €464,322 | €440,965 | -€23,357 | -5.0% |
| Tangible fixed assets | 22/27 | €462,707 | €439,350 | -€23,357 | -5.0% |
| Land and buildings | 22 | €462,707 | €439,350 | -€23,357 | -5.0% |
| Financial fixed assets | 28 | €1,615 | €1,615 | = | 0.0% |
| Current assets | 29/58 | €722,192 | €735,771 | +€13,579 | +1.9% |
| Amounts receivable within one year | 40/41 | €720,173 | €733,515 | +€13,342 | +1.9% |
| Trade receivables | 40 | €11,000 | - | -€11,000 | |
| Other amounts receivable | 41 | €709,173 | €733,515 | +€24,342 | +3.4% |
| Cash at bank and in hand | 54/58 | €2,019 | €2,256 | +€237 | +11.7% |
| Total equity and liabilities | 10/49 | €1,186,514 | €1,176,736 | -€9,778 | -0.8% |
| Equity | 10/15 | €1,179,325 | €1,160,456 | -€18,869 | -1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €528,330 | €528,330 | = | 0.0% |
| Reserves | 13 | €121,769 | €121,769 | = | 0.0% |
| Distributable reserves | 133 | €121,769 | €121,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | €509,226 | €490,357 | -€18,869 | -3.7% |
| Amounts payable | 17/49 | €7,189 | €16,280 | +€9,091 | +126% |
| Amounts payable within one year | 42/48 | €7,189 | €16,280 | +€9,091 | +126% |
| Trade debts | 44 | €3,135 | €1,771 | -€1,364 | -43.5% |
| Suppliers | 440/4 | €3,135 | €1,771 | -€1,364 | -43.5% |
| Taxes, remuneration and social security | 45 | €4,054 | €14,509 | +€10,455 | +258% |
| Taxes | 450/3 | €444 | €442 | -€2 | -0.5% |
| Remuneration and social security | 454/9 | €3,610 | €14,067 | +€10,457 | +290% |
| Remuneration, social security and pensions | 62 | €23,339 | €24,601 | +€1,262 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,356 | €23,356 | = | 0.0% |
| Other operating charges | 640/8 | €4,577 | €5,173 | +€596 | +13.0% |
| Gross operating margin | 9900 | €36,128 | €12,940 | -€23,188 | -64.2% |
| Operating profit (loss) | 9901 | -€15,144 | -€40,190 | -€25,046 | -165% |
| Financial income | 75/76B | €20,591 | €21,515 | +€924 | +4.5% |
| Recurring financial income | 75 | €20,591 | €21,515 | +€924 | +4.5% |
| Financial charges | 65/66B | €363 | €194 | -€169 | -46.6% |
| Recurring financial charges | 65 | €363 | €194 | -€169 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €5,084 | -€18,869 | -€23,953 | |
| Income taxes | 67/77 | €488 | - | -€488 | |
| Profit (loss) for the period | 9904 | €4,596 | -€18,869 | -€23,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,596 | -€18,869 | -€23,465 |
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 28 October 2026 via checked.be.