TB: 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.
TB
Largest movements
- Tangible fixed assets -€8,164
down €8,164 (-2.6%), from €319,703 to €311,539
of which Land and buildings: -€6,918
- Deferred charges and accrued income -€5,349
down €5,349 (-81.6%), from €6,552 to €1,203
- Other debts +€29,939
up €29,939 (+19.1%), from €156,701 to €186,640
- Debts after one year -€17,231
down €17,231 (-10.4%), from €165,836 to €148,604
- Profit (loss) carried forward -€15,767
down €15,767 (-53.6%), from -€29,414 to -€45,180
- Trade debts -€10,705
down €10,705 (-76.2%), from €14,045 to €3,340
- Provisions +€5,000
no longer reported in 2025 (was -€5,000)
- Gross operating margin -€3,081
down €3,081 (-27.5%), from €11,204 to €8,123
- Other operating charges -€1,216
down €1,216 (-43.0%), from €2,831 to €1,614
- Financial charges -€1,174
down €1,174 (-16.9%), from €6,934 to €5,760
- Depreciation +€120
up €120 (+0.7%), from €16,419 to €16,539
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 | €331,569 | €318,995 | -€12,574 | -3.8% |
| Fixed assets | 21/28 | €319,703 | €311,539 | -€8,164 | -2.6% |
| Tangible fixed assets | 22/27 | €319,703 | €311,539 | -€8,164 | -2.6% |
| Land and buildings | 22 | €260,450 | €253,533 | -€6,918 | -2.7% |
| Plant, machinery and equipment | 23 | €2,728 | €1,903 | -€825 | -30.3% |
| Furniture and vehicles | 24 | €6,793 | €5,135 | -€1,659 | -24.4% |
| Other tangible fixed assets | 26 | €49,731 | €50,969 | +€1,238 | +2.5% |
| Current assets | 29/58 | €11,866 | €7,457 | -€4,410 | -37.2% |
| Amounts receivable within one year | 40/41 | €3,445 | €4,846 | +€1,402 | +40.7% |
| Trade receivables | 40 | €3,040 | €2,747 | -€292 | -9.6% |
| Other amounts receivable | 41 | €405 | €2,099 | +€1,694 | +418% |
| Cash at bank and in hand | 54/58 | €1,870 | €1,408 | -€462 | -24.7% |
| Deferred charges and accrued income | 490/1 | €6,552 | €1,203 | -€5,349 | -81.6% |
| Total equity and liabilities | 10/49 | €331,569 | €318,995 | -€12,574 | -3.8% |
| Equity | 10/15 | -€21,354 | -€37,120 | -€15,767 | -73.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,414 | -€45,180 | -€15,767 | -53.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €352,923 | €356,116 | +€3,193 | +0.9% |
| Amounts payable after more than one year | 17 | €165,836 | €148,604 | -€17,231 | -10.4% |
| Financial debts | 170/4 | €165,836 | €148,604 | -€17,231 | -10.4% |
| Amounts payable within one year | 42/48 | €187,087 | €207,511 | +€20,424 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €16,341 | €17,231 | +€891 | +5.4% |
| Trade debts | 44 | €14,045 | €3,340 | -€10,705 | -76.2% |
| Suppliers | 440/4 | €14,045 | €3,340 | -€10,705 | -76.2% |
| Taxes, remuneration and social security | 45 | - | €300 | +€300 | |
| Taxes | 450/3 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €156,701 | €186,640 | +€29,939 | +19.1% |
| Non-recurring operating income | 76A | - | €5,876 | +€5,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,419 | €16,539 | +€120 | +0.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | - | +€5,000 | |
| Other operating charges | 640/8 | €2,831 | €1,614 | -€1,216 | -43.0% |
| Non-recurring operating charges | 66A | €4,590 | - | -€4,590 | |
| Gross operating margin | 9900 | €11,204 | €8,123 | -€3,081 | -27.5% |
| Operating profit (loss) | 9901 | -€7,636 | -€10,031 | -€2,395 | -31.4% |
| Financial income | 75/76B | €11 | €24 | +€13 | +125% |
| Recurring financial income | 75 | €11 | €24 | +€13 | +125% |
| Financial charges | 65/66B | €6,934 | €5,760 | -€1,174 | -16.9% |
| Recurring financial charges | 65 | €6,934 | €5,760 | -€1,174 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,559 | -€15,767 | -€1,208 | -8.3% |
| Profit (loss) for the period | 9904 | -€14,559 | -€15,767 | -€1,208 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,559 | -€15,767 | -€1,208 | -8.3% |
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 19 October 2026 via checked.be.