STAND IN: 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.
STAND IN
Largest movements
- Cash -€501,206
down €501,206 (-82.3%), from €609,006 to €107,799
mainly Contributions, distributions and other (-€374,564) and Investment in fixed assets (net) (-€230,732)
- Tangible fixed assets +€190,826
up €190,826 (+6.0%), from €3.2m to €3.4m
of which Land and buildings: +€106,868
- Reserves -€272,515
down €272,515 (-11.0%), from €2.5m to €2.2m
- Gross operating margin -€2.2m
down €2.2m (-91.0%), from €2.5m to €221,672
- Taxes -€721,286
down €721,286 (-94.1%), from €766,502 to €45,216
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 | €3,777,212 | €3,481,999 | -€295,213 | -7.8% |
| Fixed assets | 21/28 | €3,163,457 | €3,354,284 | +€190,826 | +6.0% |
| Tangible fixed assets | 22/27 | €3,163,457 | €3,354,284 | +€190,826 | +6.0% |
| Land and buildings | 22 | €3,044,272 | €3,151,141 | +€106,868 | +3.5% |
| Plant, machinery and equipment | 23 | €11,470 | €11,999 | +€529 | +4.6% |
| Furniture and vehicles | 24 | €107,715 | €191,144 | +€83,429 | +77.5% |
| Current assets | 29/58 | €613,754 | €127,715 | -€486,040 | -79.2% |
| Amounts receivable within one year | 40/41 | - | €16,063 | +€16,063 | |
| Other amounts receivable | 41 | - | €16,063 | +€16,063 | |
| Cash at bank and in hand | 54/58 | €609,006 | €107,799 | -€501,206 | -82.3% |
| Deferred charges and accrued income | 490/1 | €4,749 | €3,852 | -€897 | -18.9% |
| Total equity and liabilities | 10/49 | €3,777,212 | €3,481,999 | -€295,213 | -7.8% |
| Equity | 10/15 | €2,621,500 | €2,348,985 | -€272,515 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,481,271 | €2,208,756 | -€272,515 | -11.0% |
| Distributable reserves | 133 | €2,481,271 | €2,208,756 | -€272,515 | -11.0% |
| Profit (loss) carried forward | 14 | €121,629 | €121,629 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €63,708 | €63,708 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €63,708 | €63,708 | = | 0.0% |
| Other liabilities and charges | 164/5 | €63,708 | €63,708 | = | 0.0% |
| Amounts payable | 17/49 | €1,092,003 | €1,069,305 | -€22,698 | -2.1% |
| Amounts payable after more than one year | 17 | €800,000 | €807,500 | +€7,500 | +0.9% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €7,500 | +€7,500 | |
| Amounts payable within one year | 42/48 | €292,003 | €261,805 | -€30,198 | -10.3% |
| Trade debts | 44 | €13,308 | €5,279 | -€8,029 | -60.3% |
| Suppliers | 440/4 | €13,308 | €5,279 | -€8,029 | -60.3% |
| Taxes, remuneration and social security | 45 | €250,466 | €234,478 | -€15,988 | -6.4% |
| Taxes | 450/3 | €250,466 | €234,478 | -€15,988 | -6.4% |
| Other amounts payable | 47/48 | €28,230 | €22,048 | -€6,182 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,729 | €39,905 | +€15,176 | +61.4% |
| Other operating charges | 640/8 | €5,440 | €6,471 | +€1,031 | +19.0% |
| Gross operating margin | 9900 | €2,460,718 | €221,672 | -€2.2m | -91.0% |
| Operating profit (loss) | 9901 | €2,430,549 | €175,296 | -€2.3m | -92.8% |
| Financial income | 75/76B | €3,297 | €3,587 | +€290 | +8.8% |
| Recurring financial income | 75 | €3,297 | €3,587 | +€290 | +8.8% |
| Financial charges | 65/66B | €41,370 | €31,617 | -€9,752 | -23.6% |
| Recurring financial charges | 65 | €41,370 | €31,617 | -€9,752 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €2,392,476 | €147,266 | -€2.2m | -93.8% |
| Income taxes | 67/77 | €766,502 | €45,216 | -€721,286 | -94.1% |
| Profit (loss) for the period | 9904 | €1,625,974 | €102,049 | -€1.5m | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,625,974 | €102,049 | -€1.5m | -93.7% |
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 10 October 2026 via checked.be.