TAKE ACTION: 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.
TAKE ACTION
Largest movements
- Current investments +€35,362
new in 2025: €35,362
- Cash -€26,849
down €26,849 (-19.1%), from €140,528 to €113,679
mainly Contributions, distributions and other (-€167,403) and Current investments (-€35,362)
- Receivables within one year -€16,312
down €16,312 (-39.3%), from €41,490 to €25,178
of which Trade receivables: -€9,566
- Tangible fixed assets -€14,825
down €14,825 (-54.7%), from €27,105 to €12,281
of which Furniture and vehicles: -€13,791
- Other debts +€20,025
up €20,025 (+16.1%), from €124,473 to €144,498
- Accrued charges and deferred income -€18,718
down €18,718 (-48.6%), from €38,496 to €19,778
- Tax, wage and social debts -€13,446
down €13,446 (-35.6%), from €37,812 to €24,366
- Short-term financial debts -€6,849
no longer reported in 2025 (was €6,849)
- Gross operating margin +€33,963
up €33,963 (+17.2%), from €197,100 to €231,064
- Taxes +€13,133
up €13,133 (+29.2%), from €45,054 to €58,187
- Depreciation -€3,217
down €3,217 (-56.1%), from €5,734 to €2,517
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 | €211,369 | €190,384 | -€20,986 | -9.9% |
| Fixed assets | 21/28 | €27,105 | €12,281 | -€14,825 | -54.7% |
| Tangible fixed assets | 22/27 | €27,105 | €12,281 | -€14,825 | -54.7% |
| Plant, machinery and equipment | 23 | €4,717 | €3,684 | -€1,034 | -21.9% |
| Furniture and vehicles | 24 | €22,388 | €8,597 | -€13,791 | -61.6% |
| Current assets | 29/58 | €184,264 | €178,103 | -€6,161 | -3.3% |
| Amounts receivable within one year | 40/41 | €41,490 | €25,178 | -€16,312 | -39.3% |
| Trade receivables | 40 | €34,744 | €25,178 | -€9,566 | -27.5% |
| Other amounts receivable | 41 | €6,746 | - | -€6,746 | |
| Current investments | 50/53 | - | €35,362 | +€35,362 | |
| Cash at bank and in hand | 54/58 | €140,528 | €113,679 | -€26,849 | -19.1% |
| Deferred charges and accrued income | 490/1 | €2,246 | €3,884 | +€1,638 | +72.9% |
| Total equity and liabilities | 10/49 | €211,369 | €190,384 | -€20,986 | -9.9% |
| Equity | 10/15 | €1 | €1 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €211,368 | €190,383 | -€20,986 | -9.9% |
| Amounts payable within one year | 42/48 | €172,873 | €170,605 | -€2,268 | -1.3% |
| Financial debts | 43 | €6,849 | - | -€6,849 | |
| Credit institutions | 430/8 | €6,849 | - | -€6,849 | |
| Trade debts | 44 | €3,738 | €1,741 | -€1,997 | -53.4% |
| Suppliers | 440/4 | €3,738 | €1,741 | -€1,997 | -53.4% |
| Taxes, remuneration and social security | 45 | €37,812 | €24,366 | -€13,446 | -35.6% |
| Taxes | 450/3 | €37,812 | €24,366 | -€13,446 | -35.6% |
| Other amounts payable | 47/48 | €124,473 | €144,498 | +€20,025 | +16.1% |
| Accrued charges and deferred income | 492/3 | €38,496 | €19,778 | -€18,718 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,734 | €2,517 | -€3,217 | -56.1% |
| Other operating charges | 640/8 | €1,731 | €1,746 | +€16 | +0.9% |
| Gross operating margin | 9900 | €197,100 | €231,064 | +€33,963 | +17.2% |
| Operating profit (loss) | 9901 | €189,636 | €226,800 | +€37,164 | +19.6% |
| Financial charges | 65/66B | €1,564 | €1,210 | -€354 | -22.6% |
| Recurring financial charges | 65 | €1,564 | €1,210 | -€354 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €188,072 | €225,590 | +€37,518 | +19.9% |
| Income taxes | 67/77 | €45,054 | €58,187 | +€13,133 | +29.2% |
| Profit (loss) for the period | 9904 | €143,018 | €167,403 | +€24,385 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,018 | €167,403 | +€24,385 | +17.1% |
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 10 October 2026 via checked.be.