SR-NEW: 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.
SR-NEW
Largest movements
- Tangible fixed assets -€12,017
down €12,017 (-4.0%), from €302,261 to €290,244
of which Land and buildings: -€13,200
- Reserves -€6,945
down €6,945 (-10.0%), from €69,180 to €62,235
of which Tax-exempt reserves: -€6,945
- Profit (loss) carried forward -€6,542
down €6,542 (-7.4%), from €88,805 to €82,263
- Provisions -€3,576
down €3,576 (-10.3%), from €34,664 to €31,088
- Other debts +€3,029
up €3,029 (+3.3%), from €90,514 to €93,543
- Gross operating margin -€3,121
down €3,121 (-65.7%), from €4,752 to €1,632
- Depreciation +€678
up €678 (+4.6%), from €14,731 to €15,409
- Other operating charges +€285
up €285 (+10.1%), from €2,833 to €3,118
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 | €302,707 | €290,943 | -€11,764 | -3.9% |
| Fixed assets | 21/28 | €302,261 | €290,244 | -€12,017 | -4.0% |
| Tangible fixed assets | 22/27 | €302,261 | €290,244 | -€12,017 | -4.0% |
| Land and buildings | 22 | €299,200 | €286,000 | -€13,200 | -4.4% |
| Plant, machinery and equipment | 23 | - | €1,183 | +€1,183 | |
| Other tangible fixed assets | 26 | €3,061 | €3,061 | = | 0.0% |
| Current assets | 29/58 | €445 | €698 | +€253 | +56.8% |
| Current investments | 50/53 | €85 | €21 | -€65 | -75.8% |
| Cash at bank and in hand | 54/58 | €360 | €233 | -€128 | -35.4% |
| Deferred charges and accrued income | 490/1 | - | €445 | +€445 | |
| Total equity and liabilities | 10/49 | €302,707 | €290,943 | -€11,764 | -3.9% |
| Equity | 10/15 | €176,585 | €163,098 | -€13,487 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,180 | €62,235 | -€6,945 | -10.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,320 | €60,375 | -€6,945 | -10.3% |
| Profit (loss) carried forward | 14 | €88,805 | €82,263 | -€6,542 | -7.4% |
| Provisions and deferred taxes | 16 | €34,664 | €31,088 | -€3,576 | -10.3% |
| Deferred taxes | 168 | €34,664 | €31,088 | -€3,576 | -10.3% |
| Amounts payable | 17/49 | €91,457 | €96,756 | +€5,299 | +5.8% |
| Amounts payable within one year | 42/48 | €91,457 | €96,756 | +€5,299 | +5.8% |
| Trade debts | 44 | €943 | €3,213 | +€2,270 | +240.8% |
| Suppliers | 440/4 | €943 | €3,213 | +€2,270 | +240.8% |
| Other amounts payable | 47/48 | €90,514 | €93,543 | +€3,029 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,731 | €15,409 | +€678 | +4.6% |
| Other operating charges | 640/8 | €2,833 | €3,118 | +€285 | +10.1% |
| Gross operating margin | 9900 | €4,752 | €1,632 | -€3,121 | -65.7% |
| Operating profit (loss) | 9901 | -€12,811 | -€16,896 | -€4,084 | -31.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €176 | €168 | -€8 | -4.7% |
| Recurring financial charges | 65 | €176 | €168 | -€8 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,987 | -€17,063 | -€4,076 | -31.4% |
| Transfer from deferred taxes | 780 | €3,576 | €3,576 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,411 | -€13,487 | -€4,076 | -43.3% |
| Transfer from tax-exempt reserves | 789 | €6,945 | €6,945 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,466 | -€6,542 | -€4,076 | -165.3% |
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 8 October 2026 via checked.be.