STRUCTOMASSS: 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.
STRUCTOMASSS
Largest movements
- Cash +€52,066
up €52,066 (+63.3%), from €82,214 to €134,280
mainly Net result for the year (+€136,788) and Depreciation (+€91,925)
- Tangible fixed assets -€51,882
down €51,882 (-2.9%), from €1.8m to €1.8m
of which Land and buildings: -€49,686
- Reserves +€135,677
up €135,677 (+11.6%), from €1.2m to €1.3m
- Debts after one year -€130,894
down €130,894 (-21.2%), from €618,761 to €487,867
- Depreciation +€35,980
up €35,980 (+64.3%), from €55,946 to €91,925
- Taxes -€15,298
down €15,298 (-18.9%), from €80,965 to €65,667
- Financial charges -€10,083
down €10,083 (-26.9%), from €37,508 to €27,425
- Gross operating margin +€9,435
up €9,435 (+2.9%), from €327,116 to €336,551
- Other operating charges -€3,382
down €3,382 (-17.9%), from €18,922 to €15,540
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 | €2,011,968 | €2,014,029 | +€2,061 | +0.1% |
| Fixed assets | 21/28 | €1,856,852 | €1,804,971 | -€51,882 | -2.8% |
| Tangible fixed assets | 22/27 | €1,816,852 | €1,764,971 | -€51,882 | -2.9% |
| Land and buildings | 22 | €1,808,023 | €1,758,337 | -€49,686 | -2.7% |
| Furniture and vehicles | 24 | €8,829 | €6,633 | -€2,196 | -24.9% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €155,115 | €209,058 | +€53,943 | +34.8% |
| Amounts receivable within one year | 40/41 | €72,901 | €74,778 | +€1,877 | +2.6% |
| Trade receivables | 40 | €63,282 | €55,404 | -€7,878 | -12.4% |
| Other amounts receivable | 41 | €9,619 | €19,375 | +€9,755 | +101.4% |
| Cash at bank and in hand | 54/58 | €82,214 | €134,280 | +€52,066 | +63.3% |
| Total equity and liabilities | 10/49 | €2,011,968 | €2,014,029 | +€2,061 | +0.1% |
| Equity | 10/15 | €1,173,934 | €1,309,611 | +€135,677 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,167,734 | €1,303,411 | +€135,677 | +11.6% |
| Distributable reserves | 133 | €1,167,734 | €1,303,411 | +€135,677 | +11.6% |
| Amounts payable | 17/49 | €838,034 | €704,418 | -€133,616 | -15.9% |
| Amounts payable after more than one year | 17 | €618,761 | €487,867 | -€130,894 | -21.2% |
| Financial debts | 170/4 | €618,761 | €487,867 | -€130,894 | -21.2% |
| Amounts payable within one year | 42/48 | €216,603 | €212,847 | -€3,756 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €161,522 | €143,529 | -€17,992 | -11.1% |
| Trade debts | 44 | €11,700 | €13,566 | +€1,865 | +15.9% |
| Suppliers | 440/4 | €11,700 | €13,566 | +€1,865 | +15.9% |
| Taxes, remuneration and social security | 45 | €42,236 | €54,641 | +€12,406 | +29.4% |
| Taxes | 450/3 | €42,236 | €54,641 | +€12,406 | +29.4% |
| Other amounts payable | 47/48 | €1,145 | €1,111 | -€34 | -3.0% |
| Accrued charges and deferred income | 492/3 | €2,670 | €3,705 | +€1,035 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,946 | €91,925 | +€35,980 | +64.3% |
| Other operating charges | 640/8 | €18,922 | €15,540 | -€3,382 | -17.9% |
| Gross operating margin | 9900 | €327,116 | €336,551 | +€9,435 | +2.9% |
| Operating profit (loss) | 9901 | €252,248 | €229,086 | -€23,162 | -9.2% |
| Financial income | 75/76B | €999 | €794 | -€206 | -20.6% |
| Recurring financial income | 75 | €999 | €794 | -€206 | -20.6% |
| Financial charges | 65/66B | €37,508 | €27,425 | -€10,083 | -26.9% |
| Recurring financial charges | 65 | €37,508 | €27,425 | -€10,083 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €215,739 | €202,454 | -€13,285 | -6.2% |
| Income taxes | 67/77 | €80,965 | €65,667 | -€15,298 | -18.9% |
| Profit (loss) for the period | 9904 | €134,774 | €136,788 | +€2,013 | +1.5% |
| Transfer from tax-exempt reserves | 789 | €112,500 | - | -€112,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €247,274 | €136,788 | -€110,487 | -44.7% |
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 5 October 2026 via checked.be.