So Ca: 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.
So Ca
Largest movements
- Tangible fixed assets -€24,220
down €24,220 (-5.7%), from €425,706 to €401,485
of which Land and buildings: -€14,240
- Debts after one year -€93,838
down €93,838 (-18.0%), from €520,775 to €426,937
of which Other amounts payable: -€59,295
- Accrued charges and deferred income +€28,339
up €28,339 (+85.2%), from €33,250 to €61,589
- Profit (loss) carried forward +€22,398
up €22,398 (+21.2%), from €105,862 to €128,260
- Other debts +€15,500
up €15,500 (+29.5%), from €52,500 to €68,000
- Gross operating margin +€15,212
up €15,212 (+19.5%), from €78,056 to €93,268
- Financial charges -€6,147
down €6,147 (-15.5%), from €39,746 to €33,600
- Depreciation +€3,195
up €3,195 (+15.7%), from €20,290 to €23,485
- Financial income -€2,446
down €2,446 (-77.5%), from €3,157 to €710
of which Financial income: -€2,446
- Taxes +€2,378
up €2,378 (+36.8%), from €6,458 to €8,836
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 | €1,198,860 | €1,179,294 | -€19,566 | -1.6% |
| Fixed assets | 21/28 | €1,105,722 | €1,081,338 | -€24,383 | -2.2% |
| Intangible fixed assets | 21 | €14,091 | €13,929 | -€163 | -1.2% |
| Tangible fixed assets | 22/27 | €425,706 | €401,485 | -€24,220 | -5.7% |
| Land and buildings | 22 | €409,269 | €395,028 | -€14,240 | -3.5% |
| Furniture and vehicles | 24 | €13,491 | €5,088 | -€8,403 | -62.3% |
| Other tangible fixed assets | 26 | €2,946 | €1,369 | -€1,577 | -53.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €665,924 | €665,924 | = | 0.0% |
| Current assets | 29/58 | €93,138 | €97,956 | +€4,818 | +5.2% |
| Amounts receivable within one year | 40/41 | €40,365 | €36,672 | -€3,693 | -9.1% |
| Trade receivables | 40 | €31,627 | €18,553 | -€13,074 | -41.3% |
| Other amounts receivable | 41 | €8,738 | €18,119 | +€9,381 | +107% |
| Current investments | 50/53 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €48,066 | €57,874 | +€9,808 | +20.4% |
| Deferred charges and accrued income | 490/1 | €4,707 | €2,909 | -€1,797 | -38.2% |
| Total equity and liabilities | 10/49 | €1,198,860 | €1,179,294 | -€19,566 | -1.6% |
| Equity | 10/15 | €563,401 | €585,799 | +€22,398 | +4.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €437,539 | €437,539 | = | 0.0% |
| Distributable reserves | 133 | €437,539 | €437,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,862 | €128,260 | +€22,398 | +21.2% |
| Amounts payable | 17/49 | €635,459 | €593,495 | -€41,964 | -6.6% |
| Amounts payable after more than one year | 17 | €520,775 | €426,937 | -€93,838 | -18.0% |
| Financial debts | 170/4 | €136,166 | €101,623 | -€34,543 | -25.4% |
| Other amounts payable | 178/9 | €384,609 | €325,313 | -€59,295 | -15.4% |
| Amounts payable within one year | 42/48 | €81,433 | €104,969 | +€23,535 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €16,675 | €16,726 | +€50 | +0.3% |
| Trade debts | 44 | €3,358 | €10,143 | +€6,785 | +202% |
| Suppliers | 440/4 | €3,358 | €10,143 | +€6,785 | +202% |
| Taxes, remuneration and social security | 45 | €8,900 | €10,100 | +€1,200 | +13.5% |
| Taxes | 450/3 | €8,900 | €10,100 | +€1,200 | +13.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,500 | €68,000 | +€15,500 | +29.5% |
| Accrued charges and deferred income | 492/3 | €33,250 | €61,589 | +€28,339 | +85.2% |
| Non-recurring operating income | 76A | - | €1,606 | +€1,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,290 | €23,485 | +€3,195 | +15.7% |
| Other operating charges | 640/8 | €2,925 | €5,206 | +€2,281 | +78.0% |
| Non-recurring operating charges | 66A | - | €454 | +€454 | |
| Gross operating margin | 9900 | €78,056 | €93,268 | +€15,212 | +19.5% |
| Operating profit (loss) | 9901 | €54,841 | €64,124 | +€9,282 | +16.9% |
| Financial income | 75/76B | €3,157 | €710 | -€2,446 | -77.5% |
| Recurring financial income | 75 | €3,157 | €710 | -€2,446 | -77.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €39,746 | €33,600 | -€6,147 | -15.5% |
| Recurring financial charges | 65 | €39,746 | €33,600 | -€6,147 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €18,252 | €31,234 | +€12,983 | +71.1% |
| Income taxes | 67/77 | €6,458 | €8,836 | +€2,378 | +36.8% |
| Profit (loss) for the period | 9904 | €11,794 | €22,398 | +€10,605 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,794 | €22,398 | +€10,605 | +89.9% |
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 27 October 2026 via checked.be.