STEP2: 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.
STEP2
Largest movements
- Tangible fixed assets -€42,755
down €42,755 (-4.8%), from €882,227 to €839,472
- Debts after one year -€38,808
down €38,808 (-6.4%), from €609,309 to €570,501
- Gross operating margin -€7,526
down €7,526 (-10.4%), from €72,163 to €64,637
- Financial charges -€1,307
down €1,307 (-5.1%), from €25,541 to €24,234
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 | €924,646 | €881,192 | -€43,454 | -4.7% |
| Fixed assets | 21/28 | €882,227 | €839,472 | -€42,755 | -4.8% |
| Tangible fixed assets | 22/27 | €882,227 | €839,472 | -€42,755 | -4.8% |
| Land and buildings | 22 | €882,227 | €839,472 | -€42,755 | -4.8% |
| Current assets | 29/58 | €42,419 | €41,720 | -€699 | -1.6% |
| Amounts receivable within one year | 40/41 | €30,156 | €30,000 | -€156 | -0.5% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €30,156 | - | -€30,156 | |
| Cash at bank and in hand | 54/58 | €11,774 | €10,889 | -€885 | -7.5% |
| Deferred charges and accrued income | 490/1 | €489 | €831 | +€342 | +69.9% |
| Total equity and liabilities | 10/49 | €924,646 | €881,192 | -€43,454 | -4.7% |
| Equity | 10/15 | €272,786 | €266,418 | -€6,368 | -2.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,214 | -€33,582 | -€6,368 | -23.4% |
| Amounts payable | 17/49 | €651,860 | €614,774 | -€37,086 | -5.7% |
| Amounts payable after more than one year | 17 | €609,309 | €570,501 | -€38,808 | -6.4% |
| Financial debts | 170/4 | €609,309 | €570,501 | -€38,808 | -6.4% |
| Amounts payable within one year | 42/48 | €38,212 | €39,977 | +€1,765 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €37,358 | €38,808 | +€1,450 | +3.9% |
| Trade debts | 44 | €854 | €1,169 | +€315 | +36.9% |
| Suppliers | 440/4 | €854 | €1,169 | +€315 | +36.9% |
| Accrued charges and deferred income | 492/3 | €4,339 | €4,296 | -€43 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,755 | €42,755 | = | 0.0% |
| Other operating charges | 640/8 | €3,312 | €4,016 | +€704 | +21.3% |
| Gross operating margin | 9900 | €72,163 | €64,637 | -€7,526 | -10.4% |
| Operating profit (loss) | 9901 | €26,096 | €17,866 | -€8,230 | -31.5% |
| Financial income | 75/76B | €156 | - | -€156 | |
| Recurring financial income | 75 | €156 | - | -€156 | |
| Financial charges | 65/66B | €25,541 | €24,234 | -€1,307 | -5.1% |
| Recurring financial charges | 65 | €25,541 | €24,234 | -€1,307 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €711 | -€6,368 | -€7,079 | |
| Profit (loss) for the period | 9904 | €711 | -€6,368 | -€7,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €711 | -€6,368 | -€7,079 |
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 28 September 2026 via checked.be.