Stuff: 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.
Stuff
Largest movements
- Tangible fixed assets -€200,602
no longer reported in 2025 (was €200,602)
of which Land and buildings: -€167,819
- Cash +€54,888
up €54,888 (+924,037%), from €6 to €54,894
mainly Investment in fixed assets (net) (+€200,602) and Net result for the year (+€58,436)
- Stocks and contracts -€10,159
no longer reported in 2025 (was €10,159)
- Other debts -€235,316
down €235,316 (-100.0%), from €235,352 to €37
- Profit (loss) carried forward +€58,436
up €58,436 (+47.8%), from -€122,351 to -€63,915
- Tax, wage and social debts +€27,146
up €27,146 (+11,206%), from €242 to €27,388
- Trade debts -€6,282
no longer reported in 2025 (was €6,282)
- Gross operating margin +€315,211
up €315,211, from -€21,675 to €293,535
- Depreciation -€23,755
no longer reported in 2025 (was €23,755)
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.
Derived cash bridge
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 | €212,455 | €54,961 | -€157,493 | -74.1% |
| Fixed assets | 21/28 | €200,602 | - | -€200,602 | |
| Tangible fixed assets | 22/27 | €200,602 | - | -€200,602 | |
| Land and buildings | 22 | €167,819 | - | -€167,819 | |
| Plant, machinery and equipment | 23 | €8,256 | - | -€8,256 | |
| Furniture and vehicles | 24 | €24,527 | - | -€24,527 | |
| Current assets | 29/58 | €11,852 | €54,961 | +€43,109 | +364% |
| Stocks and contracts in progress | 3 | €10,159 | - | -€10,159 | |
| Stocks | 30/36 | €10,159 | - | -€10,159 | |
| Amounts receivable within one year | 40/41 | €1,688 | - | -€1,688 | |
| Trade receivables | 40 | €1,675 | - | -€1,675 | |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €6 | €54,894 | +€54,888 | +924,037% |
| Deferred charges and accrued income | 490/1 | - | €68 | +€68 | |
| Total equity and liabilities | 10/49 | €212,455 | €54,961 | -€157,493 | -74.1% |
| Equity | 10/15 | -€30,900 | €27,536 | +€58,436 | |
| Contributions | 10/11 | €89,592 | €89,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,351 | -€63,915 | +€58,436 | +47.8% |
| Amounts payable | 17/49 | €243,355 | €27,425 | -€215,930 | -88.7% |
| Amounts payable within one year | 42/48 | €243,355 | €27,425 | -€215,930 | -88.7% |
| Financial debts | 43 | €1,478 | - | -€1,478 | |
| Credit institutions | 430/8 | €1,478 | - | -€1,478 | |
| Trade debts | 44 | €6,282 | - | -€6,282 | |
| Suppliers | 440/4 | €6,282 | - | -€6,282 | |
| Taxes, remuneration and social security | 45 | €242 | €27,388 | +€27,146 | +11,206% |
| Taxes | 450/3 | €242 | €27,388 | +€27,146 | +11,206% |
| Other amounts payable | 47/48 | €235,352 | €37 | -€235,316 | -100.0% |
| Non-recurring operating income | 76A | - | €297,675 | +€297,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,755 | - | -€23,755 | |
| Other operating charges | 640/8 | €1,889 | €1,201 | -€688 | -36.4% |
| Non-recurring operating charges | 66A | - | €233,851 | +€233,851 | |
| Gross operating margin | 9900 | -€21,675 | €293,535 | +€315,211 | |
| Operating profit (loss) | 9901 | -€47,319 | €58,484 | +€105,803 | |
| Financial income | 75/76B | €8 | €38 | +€30 | +380% |
| Recurring financial income | 75 | €8 | €38 | +€30 | +380% |
| Financial charges | 65/66B | €129 | €86 | -€43 | -33.6% |
| Recurring financial charges | 65 | €129 | €86 | -€43 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,440 | €58,436 | +€105,877 | |
| Profit (loss) for the period | 9904 | -€47,440 | €58,436 | +€105,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,440 | €58,436 | +€105,877 |
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 14 October 2026 via checked.be.