STATION BOX: 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.
STATION BOX
Largest movements
- Tangible fixed assets +€15,407
up €15,407 (+13.4%), from €115,103 to €130,510
of which Land and buildings: +€15,502
- Deferred charges and accrued income -€3,664
no longer reported in 2025 (was €3,664)
- Receivables within one year +€1,904
up €1,904 (+23.0%), from €8,266 to €10,171
of which Other amounts receivable: +€1,364
- Profit (loss) carried forward -€22,989
down €22,989 (-26.1%), from -€88,127 to -€111,116
- Trade debts +€18,669
up €18,669 (+735.4%), from €2,539 to €21,208
- Debts after one year +€14,974
up €14,974 (+35.6%), from €42,117 to €57,091
- Tax, wage and social debts +€2,815
up €2,815 (+887.5%), from €317 to €3,132
- Gross operating margin -€13,746
down €13,746 (-36.2%), from €37,980 to €24,234
- Other operating charges -€1,186
down €1,186 (-22.7%), from €5,223 to €4,036
- Write-downs +€895
no longer reported in 2025 (was -€895)
- Depreciation +€442
up €442 (+1.1%), from €39,290 to €39,732
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 | €131,056 | €143,331 | +€12,275 | +9.4% |
| Fixed assets | 21/28 | €116,403 | €131,810 | +€15,407 | +13.2% |
| Tangible fixed assets | 22/27 | €115,103 | €130,510 | +€15,407 | +13.4% |
| Land and buildings | 22 | €114,783 | €130,285 | +€15,502 | +13.5% |
| Furniture and vehicles | 24 | €320 | €225 | -€95 | -29.7% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €14,653 | €11,521 | -€3,132 | -21.4% |
| Amounts receivable within one year | 40/41 | €8,266 | €10,171 | +€1,904 | +23.0% |
| Trade receivables | 40 | €7,198 | €7,738 | +€540 | +7.5% |
| Other amounts receivable | 41 | €1,069 | €2,433 | +€1,364 | +127.7% |
| Cash at bank and in hand | 54/58 | €2,722 | €1,350 | -€1,372 | -50.4% |
| Deferred charges and accrued income | 490/1 | €3,664 | - | -€3,664 | |
| Total equity and liabilities | 10/49 | €131,056 | €143,331 | +€12,275 | +9.4% |
| Equity | 10/15 | €49,373 | €26,384 | -€22,989 | -46.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,127 | -€111,116 | -€22,989 | -26.1% |
| Amounts payable | 17/49 | €81,683 | €116,946 | +€35,264 | +43.2% |
| Amounts payable after more than one year | 17 | €42,117 | €57,091 | +€14,974 | +35.6% |
| Financial debts | 170/4 | €42,117 | €57,091 | +€14,974 | +35.6% |
| Amounts payable within one year | 42/48 | €39,477 | €59,649 | +€20,171 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €13,300 | €13,300 | = | 0.0% |
| Financial debts | 43 | €242 | €184 | -€58 | -24.0% |
| Credit institutions | 430/8 | €242 | €184 | -€58 | -24.0% |
| Trade debts | 44 | €2,539 | €21,208 | +€18,669 | +735.4% |
| Suppliers | 440/4 | €2,539 | €21,208 | +€18,669 | +735.4% |
| Taxes, remuneration and social security | 45 | €317 | €3,132 | +€2,815 | +887.5% |
| Taxes | 450/3 | €317 | €3,132 | +€2,815 | +887.5% |
| Other amounts payable | 47/48 | €23,079 | €21,824 | -€1,255 | -5.4% |
| Accrued charges and deferred income | 492/3 | €88 | €206 | +€119 | +135.2% |
| Non-recurring operating income | 76A | €9,847 | - | -€9,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,290 | €39,732 | +€442 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€895 | - | +€895 | |
| Other operating charges | 640/8 | €5,223 | €4,036 | -€1,186 | -22.7% |
| Gross operating margin | 9900 | €37,980 | €24,234 | -€13,746 | -36.2% |
| Operating profit (loss) | 9901 | -€5,637 | -€19,534 | -€13,897 | -246.5% |
| Financial charges | 65/66B | €3,382 | €3,455 | +€74 | +2.2% |
| Recurring financial charges | 65 | €3,382 | €3,455 | +€74 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,019 | -€22,989 | -€13,970 | -154.9% |
| Profit (loss) for the period | 9904 | -€9,019 | -€22,989 | -€13,970 | -154.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,019 | -€22,989 | -€13,970 | -154.9% |
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 8 October 2026 via checked.be.