't macaroontje: what changed
't macaroontje
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+1,917%), from €54,608 to €1.1m
of which Land and buildings: +€1.0m
- Receivables within one year +€45,592
up €45,592 (+1,285%), from €3,549 to €49,140
of which Trade receivables: +€27,087
- Cash +€31,862
up €31,862 (+6.3%), from €506,548 to €538,410
mainly Debts after one year (+€1.0m) and Net result for the year (+€154,311)
- Debts after one year +€1.0m
new in 2025: €1.0m
- Profit (loss) carried forward +€154,311
up €154,311 (+49.1%), from €314,299 to €468,610
- Tax, wage and social debts -€90,959
down €90,959 (-46.7%), from €194,947 to €103,988
of which Taxes: -€99,449
- Current portion of long-term debt +€47,812
new in 2025: €47,812
- Trade debts +€16,918
up €16,918 (+53.1%), from €31,863 to €48,781
- Gross operating margin -€58,606
down €58,606 (-6.9%), from €844,283 to €785,677
- Financial charges +€25,918
up €25,918 (+7,565%), from €343 to €26,260
- Taxes -€22,100
down €22,100 (-28.1%), from €78,649 to €56,548
- Depreciation +€19,581
up €19,581 (+144%), from €13,597 to €33,178
- Staff costs +€16,437
up €16,437 (+3.3%), from €493,390 to €509,827
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,469 | €1,691,259 | +€1.1m | +199% |
| Fixed assets | 21/28 | €54,608 | €1,101,172 | +€1.0m | +1,917% |
| Tangible fixed assets | 22/27 | €54,608 | €1,101,172 | +€1.0m | +1,917% |
| Land and buildings | 22 | - | €1,003,433 | +€1.0m | |
| Plant, machinery and equipment | 23 | €16,973 | €21,920 | +€4,947 | +29.1% |
| Furniture and vehicles | 24 | €9,342 | €20,346 | +€11,005 | +118% |
| Other tangible fixed assets | 26 | €28,293 | €55,473 | +€27,180 | +96.1% |
| Current assets | 29/58 | €510,861 | €590,087 | +€79,225 | +15.5% |
| Amounts receivable within one year | 40/41 | €3,549 | €49,140 | +€45,592 | +1,285% |
| Trade receivables | 40 | €57 | €27,144 | +€27,087 | +47,248% |
| Other amounts receivable | 41 | €3,491 | €21,996 | +€18,505 | +530% |
| Cash at bank and in hand | 54/58 | €506,548 | €538,410 | +€31,862 | +6.3% |
| Deferred charges and accrued income | 490/1 | €765 | €2,537 | +€1,772 | +232% |
| Total equity and liabilities | 10/49 | €565,469 | €1,691,259 | +€1.1m | +199% |
| Equity | 10/15 | €318,335 | €472,646 | +€154,311 | +48.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €35 | €35 | = | 0.0% |
| Distributable reserves | 133 | €35 | €35 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314,299 | €468,610 | +€154,311 | +49.1% |
| Amounts payable | 17/49 | €247,134 | €1,218,613 | +€971,479 | +393% |
| Amounts payable after more than one year | 17 | - | €1,008,388 | +€1.0m | |
| Financial debts | 170/4 | - | €1,008,388 | +€1.0m | |
| Amounts payable within one year | 42/48 | €246,848 | €210,225 | -€36,623 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | - | €47,812 | +€47,812 | |
| Trade debts | 44 | €31,863 | €48,781 | +€16,918 | +53.1% |
| Suppliers | 440/4 | €31,863 | €48,781 | +€16,918 | +53.1% |
| Taxes, remuneration and social security | 45 | €194,947 | €103,988 | -€90,959 | -46.7% |
| Taxes | 450/3 | €99,449 | - | -€99,449 | |
| Remuneration and social security | 454/9 | €95,498 | €103,988 | +€8,490 | +8.9% |
| Other amounts payable | 47/48 | €20,038 | €9,645 | -€10,393 | -51.9% |
| Accrued charges and deferred income | 492/3 | €286 | - | -€286 | |
| Remuneration, social security and pensions | 62 | €493,390 | €509,827 | +€16,437 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,597 | €33,178 | +€19,581 | +144% |
| Other operating charges | 640/8 | €6,215 | €5,557 | -€659 | -10.6% |
| Gross operating margin | 9900 | €844,283 | €785,677 | -€58,606 | -6.9% |
| Operating profit (loss) | 9901 | €331,080 | €237,116 | -€93,964 | -28.4% |
| Financial income | 75/76B | €161 | €4 | -€157 | -97.6% |
| Recurring financial income | 75 | €161 | €4 | -€157 | -97.6% |
| Financial charges | 65/66B | €343 | €26,260 | +€25,918 | +7,565% |
| Recurring financial charges | 65 | €343 | €26,260 | +€25,918 | +7,565% |
| Profit (loss) for the period before taxes | 9903 | €330,898 | €210,859 | -€120,039 | -36.3% |
| Income taxes | 67/77 | €78,649 | €56,548 | -€22,100 | -28.1% |
| Profit (loss) for the period | 9904 | €252,250 | €154,311 | -€97,939 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €252,250 | €154,311 | -€97,939 | -38.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.