STRUKTUREEL: 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.
STRUKTUREEL
Largest movements
- Cash -€22,470
down €22,470 (-31.4%), from €71,477 to €49,007
mainly Contributions, distributions and other (-€153,438) and Tax, wage and social debts (-€23,861)
- Receivables within one year -€17,715
down €17,715 (-9.1%), from €194,605 to €176,890
of which Trade receivables: -€28,747
- Deferred charges and accrued income +€3,779
up €3,779 (+118.7%), from €3,184 to €6,963
- Reserves -€104,734
down €104,734 (-45.4%), from €230,695 to €125,960
of which Distributable reserves: -€104,734
- Other debts +€101,499
up €101,499 (+217.3%), from €46,702 to €148,201
- Tax, wage and social debts -€23,861
down €23,861 (-41.6%), from €57,339 to €33,478
of which Remuneration and social security: -€23,562
- Trade debts -€12,988
down €12,988 (-54.4%), from €23,870 to €10,882
- Staff costs -€19,030
down €19,030 (-23.9%), from €79,508 to €60,477
- Gross operating margin -€10,178
down €10,178 (-7.5%), from €135,751 to €125,572
- Taxes +€2,745
up €2,745 (+16.0%), from €17,171 to €19,916
- Depreciation -€2,542
down €2,542 (-52.4%), from €4,850 to €2,309
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 | €364,856 | €324,771 | -€40,085 | -11.0% |
| Fixed assets | 21/28 | €5,200 | €3,932 | -€1,268 | -24.4% |
| Intangible fixed assets | 21 | €3,181 | €1,946 | -€1,235 | -38.8% |
| Tangible fixed assets | 22/27 | €2,019 | €1,986 | -€34 | -1.7% |
| Furniture and vehicles | 24 | €2,019 | €1,986 | -€34 | -1.7% |
| Current assets | 29/58 | €359,656 | €320,839 | -€38,817 | -10.8% |
| Amounts receivable after more than one year | 29 | €90,390 | €87,979 | -€2,411 | -2.7% |
| Other amounts receivable | 291 | €90,390 | €87,979 | -€2,411 | -2.7% |
| Amounts receivable within one year | 40/41 | €194,605 | €176,890 | -€17,715 | -9.1% |
| Trade receivables | 40 | €108,078 | €79,332 | -€28,747 | -26.6% |
| Other amounts receivable | 41 | €86,526 | €97,558 | +€11,032 | +12.8% |
| Cash at bank and in hand | 54/58 | €71,477 | €49,007 | -€22,470 | -31.4% |
| Deferred charges and accrued income | 490/1 | €3,184 | €6,963 | +€3,779 | +118.7% |
| Total equity and liabilities | 10/49 | €364,856 | €324,771 | -€40,085 | -11.0% |
| Equity | 10/15 | €236,945 | €132,210 | -€104,734 | -44.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €230,695 | €125,960 | -€104,734 | -45.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €228,835 | €124,100 | -€104,734 | -45.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €127,911 | €192,561 | +€64,650 | +50.5% |
| Amounts payable within one year | 42/48 | €127,911 | €192,561 | +€64,650 | +50.5% |
| Trade debts | 44 | €23,870 | €10,882 | -€12,988 | -54.4% |
| Suppliers | 440/4 | €23,870 | €10,882 | -€12,988 | -54.4% |
| Taxes, remuneration and social security | 45 | €57,339 | €33,478 | -€23,861 | -41.6% |
| Taxes | 450/3 | €33,777 | €33,477 | -€299 | -0.9% |
| Remuneration and social security | 454/9 | €23,562 | €0 | -€23,562 | -100.0% |
| Other amounts payable | 47/48 | €46,702 | €148,201 | +€101,499 | +217.3% |
| Remuneration, social security and pensions | 62 | €79,508 | €60,477 | -€19,030 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,850 | €2,309 | -€2,542 | -52.4% |
| Other operating charges | 640/8 | €244 | €704 | +€460 | +188.4% |
| Gross operating margin | 9900 | €135,751 | €125,572 | -€10,178 | -7.5% |
| Operating profit (loss) | 9901 | €51,148 | €62,082 | +€10,934 | +21.4% |
| Financial income | 75/76B | €6,988 | €6,613 | -€375 | -5.4% |
| Recurring financial income | 75 | €6,988 | €6,613 | -€375 | -5.4% |
| Financial charges | 65/66B | €202 | €76 | -€126 | -62.5% |
| Recurring financial charges | 65 | €202 | €76 | -€126 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €57,934 | €68,619 | +€10,685 | +18.4% |
| Income taxes | 67/77 | €17,171 | €19,916 | +€2,745 | +16.0% |
| Profit (loss) for the period | 9904 | €40,764 | €48,704 | +€7,940 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,764 | €48,704 | +€7,940 | +19.5% |
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 12 October 2026 via checked.be.