't Misverstandt: 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 Misverstandt
Largest movements
- Tangible fixed assets -€10,377
down €10,377 (-15.4%), from €67,190 to €56,812
of which Land and buildings: -€8,214
- Receivables within one year -€6,480
down €6,480 (-100.0%), from €6,480 to €0
of which Trade receivables: -€3,980
- Cash +€2,295
up €2,295 (+10.3%), from €22,310 to €24,606
mainly Depreciation (+€15,705) and Net result for the year (+€10,482)
- Stocks and contracts +€1,678
up €1,678 (+95.9%), from €1,751 to €3,429
- Other debts -€14,936
down €14,936 (-41.0%), from €36,406 to €21,470
- Reserves +€7,850
up €7,850 (+39.9%), from €19,660 to €27,510
- Debts after one year -€6,581
down €6,581 (-57.2%), from €11,506 to €4,926
- Profit (loss) carried forward +€2,632
up €2,632, from -€2,620 to €12
- Tax, wage and social debts -€1,984
down €1,984 (-28.6%), from €6,938 to €4,954
of which Remuneration and social security: -€1,501
- Depreciation -€3,991
down €3,991 (-20.3%), from €19,696 to €15,705
- Taxes +€3,980
up €3,980 (+1,404%), from €284 to €4,264
- Gross operating margin -€2,075
down €2,075 (-4.5%), from €46,188 to €44,113
- Financial income +€1,232
up €1,232 (+43.8%), from €2,811 to €4,043
- Financial charges -€822
down €822 (-56.7%), from €1,450 to €628
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 | €98,358 | €85,989 | -€12,369 | -12.6% |
| Fixed assets | 21/28 | €67,490 | €57,112 | -€10,377 | -15.4% |
| Tangible fixed assets | 22/27 | €67,190 | €56,812 | -€10,377 | -15.4% |
| Land and buildings | 22 | €44,876 | €36,661 | -€8,214 | -18.3% |
| Plant, machinery and equipment | 23 | €5,041 | €6,750 | +€1,709 | +33.9% |
| Furniture and vehicles | 24 | €17,273 | €13,401 | -€3,872 | -22.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €30,868 | €28,876 | -€1,992 | -6.5% |
| Stocks and contracts in progress | 3 | €1,751 | €3,429 | +€1,678 | +95.9% |
| Stocks | 30/36 | €1,751 | €3,429 | +€1,678 | +95.9% |
| Amounts receivable within one year | 40/41 | €6,480 | €0 | -€6,480 | -100.0% |
| Trade receivables | 40 | €3,980 | €0 | -€3,980 | -100.0% |
| Other amounts receivable | 41 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €22,310 | €24,606 | +€2,295 | +10.3% |
| Deferred charges and accrued income | 490/1 | €327 | €842 | +€515 | +158% |
| Total equity and liabilities | 10/49 | €98,358 | €85,989 | -€12,369 | -12.6% |
| Equity | 10/15 | €37,500 | €47,983 | +€10,482 | +28.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €19,660 | €27,510 | +€7,850 | +39.9% |
| Distributable reserves | 133 | €19,660 | €27,510 | +€7,850 | +39.9% |
| Profit (loss) carried forward | 14 | -€2,620 | €12 | +€2,632 | |
| Amounts payable | 17/49 | €60,858 | €38,006 | -€22,852 | -37.5% |
| Amounts payable after more than one year | 17 | €11,506 | €4,926 | -€6,581 | -57.2% |
| Financial debts | 170/4 | €11,506 | €4,926 | -€6,581 | -57.2% |
| Amounts payable within one year | 42/48 | €49,351 | €33,081 | -€16,271 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €6,008 | €6,350 | +€343 | +5.7% |
| Trade debts | 44 | - | €306 | +€306 | |
| Suppliers | 440/4 | - | €306 | +€306 | |
| Taxes, remuneration and social security | 45 | €6,938 | €4,954 | -€1,984 | -28.6% |
| Taxes | 450/3 | €3,030 | €2,547 | -€483 | -15.9% |
| Remuneration and social security | 454/9 | €3,908 | €2,407 | -€1,501 | -38.4% |
| Other amounts payable | 47/48 | €36,406 | €21,470 | -€14,936 | -41.0% |
| Remuneration, social security and pensions | 62 | €13,017 | €13,483 | +€466 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,696 | €15,705 | -€3,991 | -20.3% |
| Other operating charges | 640/8 | €3,489 | €3,594 | +€105 | +3.0% |
| Gross operating margin | 9900 | €46,188 | €44,113 | -€2,075 | -4.5% |
| Operating profit (loss) | 9901 | €9,986 | €11,332 | +€1,345 | +13.5% |
| Financial income | 75/76B | €2,811 | €4,043 | +€1,232 | +43.8% |
| Recurring financial income | 75 | €2,811 | €4,043 | +€1,232 | +43.8% |
| Financial charges | 65/66B | €1,450 | €628 | -€822 | -56.7% |
| Recurring financial charges | 65 | €1,450 | €628 | -€822 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €11,347 | €14,746 | +€3,399 | +30.0% |
| Income taxes | 67/77 | €284 | €4,264 | +€3,980 | +1,404% |
| Profit (loss) for the period | 9904 | €11,064 | €10,482 | -€581 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,064 | €10,482 | -€581 | -5.3% |
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.