SITE: 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.
SITE
Largest movements
- Tangible fixed assets -€35,328
down €35,328 (-5.0%), from €704,110 to €668,782
of which Land and buildings: -€32,954
- Cash +€9,885
up €9,885 (+85.3%), from €11,584 to €21,469
mainly Depreciation (+€38,320) and Receivables within one year (+€771)
- Debts after one year -€23,951
down €23,951 (-13.4%), from €178,647 to €154,696
- Gross operating margin +€18,242
up €18,242 (+57.0%), from €32,020 to €50,262
- Depreciation +€13,590
up €13,590 (+55.0%), from €24,729 to €38,320
- Other operating charges +€1,236
up €1,236 (+28.1%), from €4,405 to €5,640
- Financial charges -€675
down €675 (-10.4%), from €6,513 to €5,838
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 | €743,871 | €717,657 | -€26,214 | -3.5% |
| Fixed assets | 21/28 | €704,110 | €668,782 | -€35,328 | -5.0% |
| Tangible fixed assets | 22/27 | €704,110 | €668,782 | -€35,328 | -5.0% |
| Land and buildings | 22 | €691,319 | €658,365 | -€32,954 | -4.8% |
| Plant, machinery and equipment | 23 | €12,792 | €10,417 | -€2,374 | -18.6% |
| Current assets | 29/58 | €39,761 | €48,875 | +€9,114 | +22.9% |
| Amounts receivable within one year | 40/41 | €24,549 | €23,778 | -€771 | -3.1% |
| Other amounts receivable | 41 | €24,549 | €23,778 | -€771 | -3.1% |
| Current investments | 50/53 | €29 | €29 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €11,584 | €21,469 | +€9,885 | +85.3% |
| Deferred charges and accrued income | 490/1 | €3,600 | €3,600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €743,871 | €717,657 | -€26,214 | -3.5% |
| Equity | 10/15 | €234,478 | €234,720 | +€242 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €29,036 | €27,010 | -€2,026 | -7.0% |
| Reserves | 13 | €186,841 | €189,109 | +€2,268 | +1.2% |
| Distributable reserves | 133 | €186,841 | €189,109 | +€2,268 | +1.2% |
| Amounts payable | 17/49 | €509,393 | €482,938 | -€26,456 | -5.2% |
| Amounts payable after more than one year | 17 | €178,647 | €154,696 | -€23,951 | -13.4% |
| Financial debts | 170/4 | €178,647 | €154,696 | -€23,951 | -13.4% |
| Amounts payable within one year | 42/48 | €330,746 | €327,842 | -€2,905 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €23,256 | €23,951 | +€695 | +3.0% |
| Other amounts payable | 47/48 | €307,490 | €303,890 | -€3,600 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,729 | €38,320 | +€13,590 | +55.0% |
| Other operating charges | 640/8 | €4,405 | €5,640 | +€1,236 | +28.1% |
| Gross operating margin | 9900 | €32,020 | €50,262 | +€18,242 | +57.0% |
| Operating profit (loss) | 9901 | €2,886 | €6,302 | +€3,416 | +118.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -21.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -21.9% |
| Financial charges | 65/66B | €6,513 | €5,838 | -€675 | -10.4% |
| Recurring financial charges | 65 | €6,513 | €5,838 | -€675 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,626 | €465 | +€4,091 | |
| Income taxes | 67/77 | - | €223 | +€223 | |
| Profit (loss) for the period | 9904 | -€3,626 | €242 | +€3,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,626 | €242 | +€3,869 |
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 5 October 2026 via checked.be.