Simplected: 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.
Simplected
Largest movements
- Tangible fixed assets -€19,459
down €19,459 (-4.7%), from €410,575 to €391,116
of which Land and buildings: -€13,020
- Receivables within one year -€19,393
down €19,393 (-89.2%), from €21,734 to €2,341
of which Trade receivables: -€21,499
- Cash +€8,497
up €8,497 (+54.2%), from €15,685 to €24,183
mainly Other debts (+€38,780) and Depreciation (+€23,491)
- Profit (loss) carried forward -€44,341
down €44,341, from €23,253 to -€21,088
- Other debts +€38,780
up €38,780 (+43.1%), from €89,901 to €128,681
- Debts after one year -€22,242
down €22,242 (-7.5%), from €298,017 to €275,775
- Gross operating margin -€50,280
down €50,280, from €43,630 to -€6,650
- Provisions +€17,500
no longer reported in 2025 (was -€17,500)
- Taxes -€4,141
no longer reported in 2025 (was €4,141)
- Depreciation +€1,559
up €1,559 (+7.1%), from €21,932 to €23,491
- Financial charges -€970
down €970 (-6.7%), from €14,413 to €13,443
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 | €447,995 | €417,640 | -€30,355 | -6.8% |
| Fixed assets | 21/28 | €410,575 | €391,116 | -€19,459 | -4.7% |
| Tangible fixed assets | 22/27 | €410,575 | €391,116 | -€19,459 | -4.7% |
| Land and buildings | 22 | €353,460 | €340,440 | -€13,020 | -3.7% |
| Plant, machinery and equipment | 23 | €9,657 | €6,438 | -€3,219 | -33.3% |
| Furniture and vehicles | 24 | €2,934 | €1,237 | -€1,697 | -57.8% |
| Other tangible fixed assets | 26 | €44,524 | €43,001 | -€1,523 | -3.4% |
| Current assets | 29/58 | €37,420 | €26,524 | -€10,896 | -29.1% |
| Amounts receivable within one year | 40/41 | €21,734 | €2,341 | -€19,393 | -89.2% |
| Trade receivables | 40 | €21,734 | €235 | -€21,499 | -98.9% |
| Other amounts receivable | 41 | - | €2,106 | +€2,106 | |
| Cash at bank and in hand | 54/58 | €15,685 | €24,183 | +€8,497 | +54.2% |
| Total equity and liabilities | 10/49 | €447,995 | €417,640 | -€30,355 | -6.8% |
| Equity | 10/15 | €31,253 | -€13,088 | -€44,341 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,253 | -€21,088 | -€44,341 | |
| Amounts payable | 17/49 | €416,742 | €430,728 | +€13,986 | +3.4% |
| Amounts payable after more than one year | 17 | €298,017 | €275,775 | -€22,242 | -7.5% |
| Financial debts | 170/4 | €298,017 | €275,775 | -€22,242 | -7.5% |
| Amounts payable within one year | 42/48 | €118,725 | €154,954 | +€36,228 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €21,301 | €22,242 | +€941 | +4.4% |
| Trade debts | 44 | €62 | - | -€62 | |
| Suppliers | 440/4 | €62 | - | -€62 | |
| Advances received on contracts in progress | 46 | €162 | - | -€162 | |
| Taxes, remuneration and social security | 45 | €7,299 | €4,031 | -€3,268 | -44.8% |
| Taxes | 450/3 | €7,299 | €4,031 | -€3,268 | -44.8% |
| Other amounts payable | 47/48 | €89,901 | €128,681 | +€38,780 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,932 | €23,491 | +€1,559 | +7.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,500 | - | +€17,500 | |
| Other operating charges | 640/8 | €601 | €753 | +€152 | +25.2% |
| Non-recurring operating charges | 66A | €283 | €5 | -€278 | -98.3% |
| Gross operating margin | 9900 | €43,630 | -€6,650 | -€50,280 | |
| Operating profit (loss) | 9901 | €38,315 | -€30,898 | -€69,212 | |
| Financial charges | 65/66B | €14,413 | €13,443 | -€970 | -6.7% |
| Recurring financial charges | 65 | €14,413 | €13,443 | -€970 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €23,902 | -€44,341 | -€68,243 | |
| Income taxes | 67/77 | €4,141 | - | -€4,141 | |
| Profit (loss) for the period | 9904 | €19,761 | -€44,341 | -€64,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,761 | -€44,341 | -€64,102 |
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 11 October 2026 via checked.be.