Stap voor stap ABC: 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.
Stap voor stap ABC
Largest movements
- Tangible fixed assets -€8,830
down €8,830 (-9.5%), from €93,051 to €84,221
of which Land and buildings: -€8,602
- Debts after one year -€10,013
down €10,013 (-29.6%), from €33,777 to €23,764
- Profit (loss) carried forward +€1,612
up €1,612 (+2.4%), from €66,873 to €68,484
- Gross operating margin -€1,578
down €1,578 (-8.9%), from €17,699 to €16,122
- Financial charges -€602
down €602 (-22.8%), from €2,637 to €2,036
- Depreciation -€182
down €182 (-2.0%), from €9,013 to €8,830
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 | €145,565 | €138,356 | -€7,209 | -5.0% |
| Fixed assets | 21/28 | €93,051 | €84,221 | -€8,830 | -9.5% |
| Tangible fixed assets | 22/27 | €93,051 | €84,221 | -€8,830 | -9.5% |
| Land and buildings | 22 | €92,684 | €84,082 | -€8,602 | -9.3% |
| Plant, machinery and equipment | 23 | €80 | €27 | -€54 | -66.9% |
| Furniture and vehicles | 24 | €286 | €112 | -€174 | -60.8% |
| Current assets | 29/58 | €52,515 | €54,136 | +€1,621 | +3.1% |
| Amounts receivable within one year | 40/41 | €6,621 | €7,011 | +€390 | +5.9% |
| Other amounts receivable | 41 | €6,621 | €7,011 | +€390 | +5.9% |
| Cash at bank and in hand | 54/58 | €45,427 | €46,372 | +€945 | +2.1% |
| Deferred charges and accrued income | 490/1 | €466 | €753 | +€286 | +61.4% |
| Total equity and liabilities | 10/49 | €145,565 | €138,356 | -€7,209 | -5.0% |
| Equity | 10/15 | €87,333 | €88,944 | +€1,612 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,873 | €68,484 | +€1,612 | +2.4% |
| Amounts payable | 17/49 | €58,233 | €49,412 | -€8,821 | -15.1% |
| Amounts payable after more than one year | 17 | €33,777 | €23,764 | -€10,013 | -29.6% |
| Financial debts | 170/4 | €33,777 | €23,764 | -€10,013 | -29.6% |
| Amounts payable within one year | 42/48 | €10,235 | €11,195 | +€960 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €9,224 | €9,843 | +€619 | +6.7% |
| Trade debts | 44 | €165 | €507 | +€342 | +207% |
| Suppliers | 440/4 | €165 | €507 | +€342 | +207% |
| Other amounts payable | 47/48 | €846 | €846 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €14,221 | €14,453 | +€232 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,013 | €8,830 | -€182 | -2.0% |
| Other operating charges | 640/8 | €2,340 | €2,406 | +€66 | +2.8% |
| Gross operating margin | 9900 | €17,699 | €16,122 | -€1,578 | -8.9% |
| Operating profit (loss) | 9901 | €6,347 | €4,886 | -€1,461 | -23.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,637 | €2,036 | -€602 | -22.8% |
| Recurring financial charges | 65 | €2,637 | €2,036 | -€602 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €3,709 | €2,851 | -€858 | -23.1% |
| Income taxes | 67/77 | €1,379 | €1,240 | -€140 | -10.1% |
| Profit (loss) for the period | 9904 | €2,330 | €1,612 | -€719 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,330 | €1,612 | -€719 | -30.8% |
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 30 October 2026 via checked.be.