Solutions to Results: 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.
Solutions to Results
Largest movements
- Cash -€41,337
down €41,337 (-58.2%), from €71,018 to €29,681
mainly Contributions, distributions and other (-€105,070) and Investment in fixed assets (net) (-€41,745)
- Tangible fixed assets +€36,499
up €36,499 (+805%), from €4,536 to €41,035
- Receivables within one year +€32,857
up €32,857 (+32.1%), from €102,211 to €135,067
of which Other amounts receivable: +€17,958
- Receivables after one year -€3,185
down €3,185 (-2.9%), from €111,377 to €108,192
- Accrued charges and deferred income +€59,879
up €59,879 (+1,158%), from €5,171 to €65,050
- Tax, wage and social debts -€23,756
down €23,756 (-77.6%), from €30,611 to €6,855
- Other debts -€10,337
down €10,337 (-7.0%), from €147,796 to €137,459
- Turnover -€42,822
down €42,822 (-18.1%), from €236,537 to €193,715
- Gross operating margin -€32,148
down €32,148 (-19.8%), from €162,408 to €130,260
- Taxes -€10,834
down €10,834 (-32.6%), from €33,235 to €22,401
- Purchases and services -€10,103
down €10,103 (-13.5%), from €74,921 to €64,818
- Financial income -€3,942
down €3,942 (-26.6%), from €14,833 to €10,891
of which Financial income: -€2,132
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 | €291,478 | €316,946 | +€25,468 | +8.7% |
| Fixed assets | 21/28 | €4,636 | €41,035 | +€36,399 | +785% |
| Tangible fixed assets | 22/27 | €4,536 | €41,035 | +€36,499 | +805% |
| Furniture and vehicles | 24 | €4,536 | €41,035 | +€36,499 | +805% |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100% |
| Current assets | 29/58 | €286,842 | €275,911 | -€10,931 | -3.8% |
| Amounts receivable after more than one year | 29 | €111,377 | €108,192 | -€3,185 | -2.9% |
| Other amounts receivable | 291 | €111,377 | €108,192 | -€3,185 | -2.9% |
| Amounts receivable within one year | 40/41 | €102,211 | €135,067 | +€32,857 | +32.1% |
| Trade receivables | 40 | - | €14,898 | +€14,898 | |
| Other amounts receivable | 41 | €102,211 | €120,169 | +€17,958 | +17.6% |
| Cash at bank and in hand | 54/58 | €71,018 | €29,681 | -€41,337 | -58.2% |
| Deferred charges and accrued income | 490/1 | €2,236 | €2,971 | +€735 | +32.9% |
| Total equity and liabilities | 10/49 | €291,478 | €316,946 | +€25,468 | +8.7% |
| Equity | 10/15 | €107,581 | €107,581 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €92,581 | €92,581 | = | 0.0% |
| Distributable reserves | 133 | €92,581 | €92,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,896 | €209,364 | +€25,468 | +13.8% |
| Amounts payable within one year | 42/48 | €178,726 | €144,314 | -€34,411 | -19.3% |
| Trade debts | 44 | €318 | - | -€318 | |
| Suppliers | 440/4 | €318 | - | -€318 | |
| Taxes, remuneration and social security | 45 | €30,611 | €6,855 | -€23,756 | -77.6% |
| Taxes | 450/3 | €30,611 | €6,855 | -€23,756 | -77.6% |
| Other amounts payable | 47/48 | €147,796 | €137,459 | -€10,337 | -7.0% |
| Accrued charges and deferred income | 492/3 | €5,171 | €65,050 | +€59,879 | +1,158% |
| Turnover | 70 | €236,537 | €193,715 | -€42,822 | -18.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,921 | €64,818 | -€10,103 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,860 | €5,346 | +€1,486 | +38.5% |
| Other operating charges | 640/8 | €509 | €491 | -€18 | -3.4% |
| Gross operating margin | 9900 | €162,408 | €130,260 | -€32,148 | -19.8% |
| Operating profit (loss) | 9901 | €158,039 | €124,423 | -€33,616 | -21.3% |
| Financial income | 75/76B | €14,833 | €10,891 | -€3,942 | -26.6% |
| Recurring financial income | 75 | €13,023 | €10,891 | -€2,132 | -16.4% |
| Non-recurring financial income | 76B | €1,810 | - | -€1,810 | |
| Financial charges | 65/66B | €7,234 | €7,843 | +€609 | +8.4% |
| Recurring financial charges | 65 | €7,234 | €7,843 | +€609 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €165,638 | €127,471 | -€38,167 | -23.0% |
| Income taxes | 67/77 | €33,235 | €22,401 | -€10,834 | -32.6% |
| Profit (loss) for the period | 9904 | €132,403 | €105,070 | -€27,333 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,403 | €105,070 | -€27,333 | -20.6% |
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 31 October 2026 via checked.be.