SPACE FOR SIX: 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.
SPACE FOR SIX
Largest movements
- Tangible fixed assets -€10,955
down €10,955 (-2.4%), from €465,274 to €454,319
of which Land and buildings: -€16,268
- Profit (loss) carried forward -€14,841
down €14,841 (-8.9%), from -€166,539 to -€181,380
- Debts after one year -€10,459
down €10,459 (-18.0%), from €58,013 to €47,554
- Other debts +€10,000
up €10,000 (+1.8%), from €566,150 to €576,150
- Gross operating margin +€3,935
up €3,935 (+105.9%), from €3,715 to €7,650
- Depreciation +€525
up €525 (+3.2%), from €16,268 to €16,792
- Financial charges -€182
down €182 (-12.2%), from €1,497 to €1,314
- Other operating charges +€134
up €134 (+3.2%), from €4,250 to €4,384
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 | €486,498 | €471,383 | -€15,115 | -3.1% |
| Fixed assets | 21/28 | €465,274 | €454,319 | -€10,955 | -2.4% |
| Tangible fixed assets | 22/27 | €465,274 | €454,319 | -€10,955 | -2.4% |
| Land and buildings | 22 | €465,274 | €449,006 | -€16,268 | -3.5% |
| Plant, machinery and equipment | 23 | - | €5,313 | +€5,313 | |
| Current assets | 29/58 | €21,224 | €17,064 | -€4,160 | -19.6% |
| Cash at bank and in hand | 54/58 | €21,224 | €17,064 | -€4,160 | -19.6% |
| Total equity and liabilities | 10/49 | €486,498 | €471,383 | -€15,115 | -3.1% |
| Equity | 10/15 | -€147,939 | -€162,780 | -€14,841 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€166,539 | -€181,380 | -€14,841 | -8.9% |
| Amounts payable | 17/49 | €634,437 | €634,163 | -€274 | 0.0% |
| Amounts payable after more than one year | 17 | €58,013 | €47,554 | -€10,459 | -18.0% |
| Financial debts | 170/4 | €58,013 | €47,554 | -€10,459 | -18.0% |
| Amounts payable within one year | 42/48 | €576,424 | €586,609 | +€10,186 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,274 | €10,459 | +€186 | +1.8% |
| Other amounts payable | 47/48 | €566,150 | €576,150 | +€10,000 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,268 | €16,792 | +€525 | +3.2% |
| Other operating charges | 640/8 | €4,250 | €4,384 | +€134 | +3.2% |
| Gross operating margin | 9900 | €3,715 | €7,650 | +€3,935 | +105.9% |
| Operating profit (loss) | 9901 | -€16,803 | -€13,527 | +€3,276 | +19.5% |
| Financial charges | 65/66B | €1,497 | €1,314 | -€182 | -12.2% |
| Recurring financial charges | 65 | €1,497 | €1,314 | -€182 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,299 | -€14,841 | +€3,458 | +18.9% |
| Profit (loss) for the period | 9904 | -€18,299 | -€14,841 | +€3,458 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,299 | -€14,841 | +€3,458 | +18.9% |
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.