'T Geheim: 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.
'T Geheim
Largest movements
- Cash -€47,468
down €47,468 (-69.9%), from €67,948 to €20,480
mainly Contributions, distributions and other (-€52,000) and Receivables within one year (-€23,602)
- Receivables within one year +€23,602
up €23,602 (+2,498%), from €945 to €24,547
of which Other amounts receivable: +€24,500
- Tangible fixed assets -€20,796
down €20,796 (-21.8%), from €95,450 to €74,654
of which Land and buildings: -€12,128
- Deferred charges and accrued income -€5,692
down €5,692 (-84.6%), from €6,728 to €1,036
- Other debts -€21,739
down €21,739 (-99.8%), from €21,773 to €34
- Contributions -€20,000
down €20,000 (-100%), from €20,000 to €0
- Debts after one year -€15,147
down €15,147 (-40.2%), from €37,633 to €22,486
of which Financial debts: -€15,147
- Reserves +€8,100
up €8,100 (+14.6%), from €55,619 to €63,719
- Tax, wage and social debts +€4,145
up €4,145 (+41.1%), from €10,086 to €14,230
of which Taxes: +€7,265
- Gross operating margin +€24,495
up €24,495 (+30.2%), from €81,187 to €105,682
- Taxes +€5,047
up €5,047 (+59.4%), from €8,492 to €13,539
- Depreciation -€2,308
down €2,308 (-10.0%), from €23,104 to €20,796
- Financial charges -€1,481
down €1,481 (-29.1%), from €5,090 to €3,609
- Staff costs +€1,306
up €1,306 (+5.8%), from €22,432 to €23,739
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 | €176,098 | €127,357 | -€48,741 | -27.7% |
| Fixed assets | 21/28 | €96,564 | €75,768 | -€20,796 | -21.5% |
| Tangible fixed assets | 22/27 | €95,450 | €74,654 | -€20,796 | -21.8% |
| Land and buildings | 22 | €81,376 | €69,248 | -€12,128 | -14.9% |
| Plant, machinery and equipment | 23 | €1,443 | €0 | -€1,443 | -100% |
| Furniture and vehicles | 24 | €8,025 | €2,136 | -€5,889 | -73.4% |
| Leasing and similar rights | 25 | €4,606 | €3,271 | -€1,335 | -29.0% |
| Financial fixed assets | 28 | €1,114 | €1,114 | = | 0.0% |
| Current assets | 29/58 | €79,534 | €51,589 | -€27,945 | -35.1% |
| Stocks and contracts in progress | 3 | €3,912 | €5,526 | +€1,614 | +41.3% |
| Stocks | 30/36 | €3,912 | €5,526 | +€1,614 | +41.3% |
| Amounts receivable within one year | 40/41 | €945 | €24,547 | +€23,602 | +2,498% |
| Trade receivables | 40 | €945 | €47 | -€898 | -95.1% |
| Other amounts receivable | 41 | - | €24,500 | +€24,500 | |
| Cash at bank and in hand | 54/58 | €67,948 | €20,480 | -€47,468 | -69.9% |
| Deferred charges and accrued income | 490/1 | €6,728 | €1,036 | -€5,692 | -84.6% |
| Total equity and liabilities | 10/49 | €176,098 | €127,357 | -€48,741 | -27.7% |
| Equity | 10/15 | €75,619 | €63,719 | -€11,900 | -15.7% |
| Contributions | 10/11 | €20,000 | €0 | -€20,000 | -100% |
| Reserves | 13 | €55,619 | €63,719 | +€8,100 | +14.6% |
| Distributable reserves | 133 | €55,619 | €63,719 | +€8,100 | +14.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €100,479 | €63,638 | -€36,841 | -36.7% |
| Amounts payable after more than one year | 17 | €37,633 | €22,486 | -€15,147 | -40.2% |
| Financial debts | 170/4 | €37,633 | €22,486 | -€15,147 | -40.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €60,006 | €38,042 | -€21,964 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €17,909 | €15,147 | -€2,763 | -15.4% |
| Trade debts | 44 | €10,238 | €8,630 | -€1,608 | -15.7% |
| Suppliers | 440/4 | €10,238 | €8,630 | -€1,608 | -15.7% |
| Taxes, remuneration and social security | 45 | €10,086 | €14,230 | +€4,145 | +41.1% |
| Taxes | 450/3 | €4,541 | €11,806 | +€7,265 | +160% |
| Remuneration and social security | 454/9 | €5,544 | €2,424 | -€3,120 | -56.3% |
| Other amounts payable | 47/48 | €21,773 | €34 | -€21,739 | -99.8% |
| Accrued charges and deferred income | 492/3 | €2,840 | €3,110 | +€270 | +9.5% |
| Non-recurring operating income | 76A | €7,890 | €0 | -€7,890 | -100% |
| Remuneration, social security and pensions | 62 | €22,432 | €23,739 | +€1,306 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,104 | €20,796 | -€2,308 | -10.0% |
| Other operating charges | 640/8 | €5,252 | €4,033 | -€1,219 | -23.2% |
| Gross operating margin | 9900 | €81,187 | €105,682 | +€24,495 | +30.2% |
| Operating profit (loss) | 9901 | €30,399 | €57,114 | +€26,715 | +87.9% |
| Financial income | 75/76B | €12 | €134 | +€123 | +1,057% |
| Recurring financial income | 75 | €12 | €134 | +€123 | +1,057% |
| Financial charges | 65/66B | €5,090 | €3,609 | -€1,481 | -29.1% |
| Recurring financial charges | 65 | €5,090 | €3,609 | -€1,481 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €25,320 | €53,639 | +€28,319 | +112% |
| Income taxes | 67/77 | €8,492 | €13,539 | +€5,047 | +59.4% |
| Profit (loss) for the period | 9904 | €16,828 | €40,100 | +€23,272 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €16,828 | €40,100 | +€23,272 | +138% |
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 22 October 2026 via checked.be.