SOMEHOW...: 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.
SOMEHOW...
Largest movements
- Cash -€41,579
down €41,579 (-82.3%), from €50,517 to €8,938
mainly Contributions, distributions and other (-€49,439) and Receivables within one year (-€25,575)
- Receivables within one year +€25,575
up €25,575 (+175%), from €14,649 to €40,224
of which Trade receivables: +€20,869
- Tangible fixed assets -€7,306
down €7,306 (-3.6%), from €201,719 to €194,413
of which Land and buildings: -€12,212
- Debts after one year -€13,699
down €13,699 (-16.3%), from €84,238 to €70,539
- Other debts -€9,207
down €9,207 (-23.5%), from €39,234 to €30,027
- Tax, wage and social debts -€3,076
down €3,076 (-16.1%), from €19,097 to €16,021
- Gross operating margin +€22,695
up €22,695 (+36.3%), from €62,445 to €85,140
- Taxes +€3,949
up €3,949 (+38.1%), from €10,362 to €14,311
- Other operating charges -€1,271
down €1,271 (-60.7%), from €2,095 to €824
- Depreciation +€1,208
up €1,208 (+7.9%), from €15,308 to €16,516
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 | €268,225 | €244,868 | -€23,357 | -8.7% |
| Fixed assets | 21/28 | €201,759 | €194,453 | -€7,306 | -3.6% |
| Tangible fixed assets | 22/27 | €201,719 | €194,413 | -€7,306 | -3.6% |
| Land and buildings | 22 | €196,711 | €184,499 | -€12,212 | -6.2% |
| Plant, machinery and equipment | 23 | €3,632 | €1,570 | -€2,063 | -56.8% |
| Furniture and vehicles | 24 | €1,376 | €8,344 | +€6,968 | +507% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €66,467 | €50,415 | -€16,051 | -24.1% |
| Amounts receivable within one year | 40/41 | €14,649 | €40,224 | +€25,575 | +175% |
| Trade receivables | 40 | €14,628 | €35,497 | +€20,869 | +143% |
| Other amounts receivable | 41 | €21 | €4,727 | +€4,706 | +22,638% |
| Cash at bank and in hand | 54/58 | €50,517 | €8,938 | -€41,579 | -82.3% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,253 | -€48 | -3.7% |
| Total equity and liabilities | 10/49 | €268,225 | €244,868 | -€23,357 | -8.7% |
| Equity | 10/15 | €108,935 | €108,935 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,335 | €90,335 | = | 0.0% |
| Distributable reserves | 133 | €90,335 | €90,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €159,291 | €135,934 | -€23,357 | -14.7% |
| Amounts payable after more than one year | 17 | €84,238 | €70,539 | -€13,699 | -16.3% |
| Financial debts | 170/4 | €84,238 | €70,539 | -€13,699 | -16.3% |
| Amounts payable within one year | 42/48 | €75,053 | €65,136 | -€9,917 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €13,470 | €13,699 | +€229 | +1.7% |
| Financial debts | 43 | €2 | €21 | +€19 | +951% |
| Credit institutions | 430/8 | €2 | €21 | +€19 | +951% |
| Trade debts | 44 | €3,250 | €5,368 | +€2,118 | +65.2% |
| Suppliers | 440/4 | €3,250 | €5,368 | +€2,118 | +65.2% |
| Taxes, remuneration and social security | 45 | €19,097 | €16,021 | -€3,076 | -16.1% |
| Taxes | 450/3 | €19,097 | €16,021 | -€3,076 | -16.1% |
| Other amounts payable | 47/48 | €39,234 | €30,027 | -€9,207 | -23.5% |
| Accrued charges and deferred income | 492/3 | - | €259 | +€259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,308 | €16,516 | +€1,208 | +7.9% |
| Other operating charges | 640/8 | €2,095 | €824 | -€1,271 | -60.7% |
| Non-recurring operating charges | 66A | €1,020 | €0 | -€1,020 | -100% |
| Gross operating margin | 9900 | €62,445 | €85,140 | +€22,695 | +36.3% |
| Operating profit (loss) | 9901 | €44,022 | €67,800 | +€23,778 | +54.0% |
| Financial income | 75/76B | €2 | €142 | +€140 | +7,227% |
| Recurring financial income | 75 | €2 | €142 | +€140 | +7,227% |
| Financial charges | 65/66B | €4,207 | €4,193 | -€14 | -0.3% |
| Recurring financial charges | 65 | €4,207 | €4,193 | -€14 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €39,817 | €63,750 | +€23,932 | +60.1% |
| Income taxes | 67/77 | €10,362 | €14,311 | +€3,949 | +38.1% |
| Profit (loss) for the period | 9904 | €29,455 | €49,439 | +€19,984 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,455 | €49,439 | +€19,984 | +67.8% |
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 20 October 2026 via checked.be.