STRONG FIT: 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.
STRONG FIT
Largest movements
- Tangible fixed assets -€22,637
down €22,637 (-12.2%), from €184,967 to €162,330
of which Land and buildings: -€22,685
- Cash -€15,621
down €15,621 (-34.3%), from €45,600 to €29,979
- Receivables within one year +€15,320
up €15,320 (+83.1%), from €18,438 to €33,758
- Debts after one year -€25,490
down €25,490 (-18.3%), from €139,476 to €113,985
- Profit (loss) carried forward -€5,527
down €5,527 (-40.9%), from €13,510 to €7,984
- Current portion of long-term debt +€3,875
up €3,875 (+31.3%), from €12,371 to €16,245
- Other debts +€2,500
up €2,500 (+3.4%), from €74,178 to €76,678
- Taxes +€9,260
new in 2025: €9,260
- Other operating charges -€5,537
down €5,537 (-70.2%), from €7,889 to €2,351
- Gross operating margin -€3,462
down €3,462 (-15.4%), from €22,493 to €19,031
- Depreciation +€419
up €419 (+3.5%), from €11,999 to €12,418
- Financial charges -€319
down €319 (-9.9%), from €3,208 to €2,890
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,004 | €226,067 | -€22,937 | -9.2% |
| Fixed assets | 21/28 | €184,967 | €162,330 | -€22,637 | -12.2% |
| Tangible fixed assets | 22/27 | €184,967 | €162,330 | -€22,637 | -12.2% |
| Land and buildings | 22 | €182,060 | €159,376 | -€22,685 | -12.5% |
| Plant, machinery and equipment | 23 | €2,907 | €2,954 | +€48 | +1.6% |
| Current assets | 29/58 | €64,037 | €63,737 | -€301 | -0.5% |
| Amounts receivable within one year | 40/41 | €18,438 | €33,758 | +€15,320 | +83.1% |
| Other amounts receivable | 41 | €18,438 | €33,758 | +€15,320 | +83.1% |
| Cash at bank and in hand | 54/58 | €45,600 | €29,979 | -€15,621 | -34.3% |
| Total equity and liabilities | 10/49 | €249,004 | €226,067 | -€22,937 | -9.2% |
| Equity | 10/15 | €19,710 | €14,184 | -€5,527 | -28.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,510 | €7,984 | -€5,527 | -40.9% |
| Amounts payable | 17/49 | €229,294 | €211,883 | -€17,411 | -7.6% |
| Amounts payable after more than one year | 17 | €139,476 | €113,985 | -€25,490 | -18.3% |
| Financial debts | 170/4 | €139,476 | €113,985 | -€25,490 | -18.3% |
| Amounts payable within one year | 42/48 | €89,818 | €97,898 | +€8,080 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €12,371 | €16,245 | +€3,875 | +31.3% |
| Trade debts | 44 | €3,270 | €4,975 | +€1,705 | +52.1% |
| Suppliers | 440/4 | €3,270 | €4,975 | +€1,705 | +52.1% |
| Other amounts payable | 47/48 | €74,178 | €76,678 | +€2,500 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,999 | €12,418 | +€419 | +3.5% |
| Other operating charges | 640/8 | €7,889 | €2,351 | -€5,537 | -70.2% |
| Gross operating margin | 9900 | €22,493 | €19,031 | -€3,462 | -15.4% |
| Operating profit (loss) | 9901 | €2,605 | €4,261 | +€1,656 | +63.6% |
| Financial income | 75/76B | - | €141 | +€141 | |
| Recurring financial income | 75 | - | €141 | +€141 | |
| Financial charges | 65/66B | €3,208 | €2,890 | -€319 | -9.9% |
| Recurring financial charges | 65 | €3,208 | €2,890 | -€319 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€604 | €1,512 | +€2,116 | |
| Income taxes | 67/77 | - | €9,260 | +€9,260 | |
| Profit (loss) for the period | 9904 | -€604 | -€7,747 | -€7,144 | -1,183% |
| Profit (loss) for the period to be appropriated | 9905 | -€604 | -€7,747 | -€7,144 | -1,183% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.