Station: 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.
Station
Largest movements
- Cash -€62,155
down €62,155 (-81.6%), from €76,166 to €14,011
mainly Other debts (-€42,862) and Tax, wage and social debts (-€13,806)
- Other debts -€42,862
down €42,862 (-55.2%), from €77,672 to €34,810
- Tax, wage and social debts -€13,806
no longer reported in 2025 (was €13,806)
- Reserves -€4,629
down €4,629 (-2.3%), from €197,254 to €192,625
of which Distributable reserves: -€4,629
- Gross operating margin -€10,323
down €10,323, from €9,499 to -€824
- Financial charges -€8,178
down €8,178 (-98.0%), from €8,344 to €166
- Depreciation -€6,927
no longer reported in 2025 (was €6,927)
- Other operating charges +€897
up €897 (+29.1%), from €3,085 to €3,982
- Financial income -€862
down €862 (-87.7%), from €983 to €121
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 | €352,205 | €290,908 | -€61,297 | -17.4% |
| Fixed assets | 21/28 | €186,449 | €187,264 | +€815 | +0.4% |
| Tangible fixed assets | 22/27 | €186,449 | €187,264 | +€815 | +0.4% |
| Land and buildings | 22 | €186,449 | €187,264 | +€815 | +0.4% |
| Current assets | 29/58 | €165,756 | €103,644 | -€62,112 | -37.5% |
| Amounts receivable within one year | 40/41 | €62,290 | €61,500 | -€790 | -1.3% |
| Trade receivables | 40 | €819 | - | -€819 | |
| Other amounts receivable | 41 | €61,471 | €61,500 | +€29 | 0.0% |
| Current investments | 50/53 | €25,919 | €25,919 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,166 | €14,011 | -€62,155 | -81.6% |
| Deferred charges and accrued income | 490/1 | €1,381 | €2,214 | +€833 | +60.3% |
| Total equity and liabilities | 10/49 | €352,205 | €290,908 | -€61,297 | -17.4% |
| Equity | 10/15 | €259,227 | €254,598 | -€4,629 | -1.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €197,254 | €192,625 | -€4,629 | -2.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €180,057 | €175,428 | -€4,629 | -2.6% |
| Amounts payable | 17/49 | €92,978 | €36,310 | -€56,668 | -60.9% |
| Amounts payable within one year | 42/48 | €92,978 | €36,310 | -€56,668 | -60.9% |
| Trade debts | 44 | €1,500 | €1,500 | = | 0.0% |
| Suppliers | 440/4 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,806 | - | -€13,806 | |
| Taxes | 450/3 | €13,806 | - | -€13,806 | |
| Other amounts payable | 47/48 | €77,672 | €34,810 | -€42,862 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,927 | - | -€6,927 | |
| Other operating charges | 640/8 | €3,085 | €3,982 | +€897 | +29.1% |
| Gross operating margin | 9900 | €9,499 | -€824 | -€10,323 | |
| Operating profit (loss) | 9901 | -€513 | -€4,806 | -€4,293 | -837% |
| Financial income | 75/76B | €983 | €121 | -€862 | -87.7% |
| Recurring financial income | 75 | €983 | €121 | -€862 | -87.7% |
| Financial charges | 65/66B | €8,344 | €166 | -€8,178 | -98.0% |
| Recurring financial charges | 65 | €8,344 | €166 | -€8,178 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,874 | -€4,851 | +€3,023 | +38.4% |
| Income taxes | 67/77 | €476 | -€222 | -€698 | |
| Profit (loss) for the period | 9904 | -€8,350 | -€4,629 | +€3,721 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,350 | -€4,629 | +€3,721 | +44.6% |
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 15 October 2026 via checked.be.