T242A: 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.
T242A
Largest movements
- Receivables within one year +€97,154
up €97,154 (+62.6%), from €155,158 to €252,311
of which Trade receivables: +€94,436
- Tangible fixed assets -€35,039
down €35,039 (-3.5%), from €1.0m to €965,391
of which Assets under construction and advance payments: -€35,673
- Accrued charges and deferred income +€59,882
new in 2025: €59,882
- Tax, wage and social debts +€45,600
up €45,600 (+200.0%), from €22,800 to €68,400
- Debts after one year -€13,149
down €13,149 (-10.9%), from €120,161 to €107,012
- Gross operating margin +€167,735
up €167,735 (+122.7%), from €136,752 to €304,487
- Taxes +€11,598
up €11,598 (+20.9%), from €55,532 to €67,130
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 | €1,181,697 | €1,254,670 | +€72,972 | +6.2% |
| Fixed assets | 21/28 | €1,012,014 | €976,975 | -€35,039 | -3.5% |
| Tangible fixed assets | 22/27 | €1,000,430 | €965,391 | -€35,039 | -3.5% |
| Land and buildings | 22 | €964,756 | €965,391 | +€635 | +0.1% |
| Assets under construction and advance payments | 27 | €35,673 | - | -€35,673 | |
| Financial fixed assets | 28 | €11,584 | €11,584 | = | 0.0% |
| Current assets | 29/58 | €169,683 | €277,695 | +€108,011 | +63.7% |
| Amounts receivable within one year | 40/41 | €155,158 | €252,311 | +€97,154 | +62.6% |
| Trade receivables | 40 | €89,252 | €183,688 | +€94,436 | +105.8% |
| Other amounts receivable | 41 | €65,906 | €68,624 | +€2,717 | +4.1% |
| Cash at bank and in hand | 54/58 | €14,225 | €25,384 | +€11,159 | +78.4% |
| Deferred charges and accrued income | 490/1 | €301 | - | -€301 | |
| Total equity and liabilities | 10/49 | €1,181,697 | €1,254,670 | +€72,972 | +6.2% |
| Equity | 10/15 | €995,198 | €984,289 | -€10,909 | -1.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €519,210 | €519,210 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €105,250 | -€84,200 | -44.4% |
| Distributable reserves | 133 | €323,260 | €407,460 | +€84,200 | +26.0% |
| Profit (loss) carried forward | 14 | €410,988 | €400,079 | -€10,909 | -2.7% |
| Amounts payable | 17/49 | €186,500 | €270,381 | +€83,881 | +45.0% |
| Amounts payable after more than one year | 17 | €120,161 | €107,012 | -€13,149 | -10.9% |
| Financial debts | 170/4 | €120,161 | €107,012 | -€13,149 | -10.9% |
| Amounts payable within one year | 42/48 | €66,339 | €103,487 | +€37,149 | +56.0% |
| Trade debts | 44 | €35,873 | €27,421 | -€8,452 | -23.6% |
| Suppliers | 440/4 | €35,873 | €27,421 | -€8,452 | -23.6% |
| Taxes, remuneration and social security | 45 | €22,800 | €68,400 | +€45,600 | +200.0% |
| Taxes | 450/3 | €22,800 | €68,400 | +€45,600 | +200.0% |
| Other amounts payable | 47/48 | €7,666 | €7,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €59,882 | +€59,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,039 | €35,039 | = | 0.0% |
| Other operating charges | 640/8 | €8,328 | €9,944 | +€1,615 | +19.4% |
| Gross operating margin | 9900 | €136,752 | €304,487 | +€167,735 | +122.7% |
| Operating profit (loss) | 9901 | €93,385 | €259,505 | +€166,120 | +177.9% |
| Financial income | 75/76B | €1,732 | - | -€1,732 | |
| Recurring financial income | 75 | €1,732 | - | -€1,732 | |
| Financial charges | 65/66B | €5,174 | €3,283 | -€1,890 | -36.5% |
| Recurring financial charges | 65 | €5,174 | €3,283 | -€1,890 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €89,944 | €256,221 | +€166,278 | +184.9% |
| Income taxes | 67/77 | €55,532 | €67,130 | +€11,598 | +20.9% |
| Profit (loss) for the period | 9904 | €34,411 | €189,091 | +€154,680 | +449.5% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,411 | €273,291 | +€238,880 | +694.2% |
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 9 October 2026 via checked.be.