Ten Ideas: 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.
Ten Ideas
Largest movements
- Tangible fixed assets -€38,976
down €38,976 (-10.4%), from €373,863 to €334,887
of which Land and buildings: -€35,730
- Receivables within one year +€20,791
up €20,791 (+38.6%), from €53,905 to €74,696
- Debts after one year -€24,246
down €24,246 (-6.5%), from €375,694 to €351,448
- Profit (loss) carried forward +€10,412
up €10,412 (+6.8%), from -€152,305 to -€141,893
- Gross operating margin +€9,511
up €9,511 (+16.5%), from €57,634 to €67,145
- Other operating charges +€2,534
up €2,534 (+69.9%), from €3,625 to €6,159
- Depreciation -€1,127
down €1,127 (-2.8%), from €40,103 to €38,976
- Taxes +€989
up €989, from -€987 to €2
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 | €436,457 | €418,321 | -€18,136 | -4.2% |
| Fixed assets | 21/28 | €373,913 | €334,937 | -€38,976 | -10.4% |
| Tangible fixed assets | 22/27 | €373,863 | €334,887 | -€38,976 | -10.4% |
| Land and buildings | 22 | €354,883 | €319,153 | -€35,730 | -10.1% |
| Plant, machinery and equipment | 23 | €18,980 | €15,734 | -€3,246 | -17.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €62,544 | €83,384 | +€20,840 | +33.3% |
| Amounts receivable within one year | 40/41 | €53,905 | €74,696 | +€20,791 | +38.6% |
| Trade receivables | 40 | €53,905 | €74,696 | +€20,791 | +38.6% |
| Cash at bank and in hand | 54/58 | €8,639 | €8,688 | +€49 | +0.6% |
| Total equity and liabilities | 10/49 | €436,457 | €418,321 | -€18,136 | -4.2% |
| Equity | 10/15 | -€105,005 | -€94,593 | +€10,412 | +9.9% |
| Contributions | 10/11 | €43,000 | €43,000 | = | 0.0% |
| Reserves | 13 | €4,300 | €4,300 | = | 0.0% |
| Distributable reserves | 133 | €4,300 | €4,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,305 | -€141,893 | +€10,412 | +6.8% |
| Amounts payable | 17/49 | €541,462 | €512,914 | -€28,548 | -5.3% |
| Amounts payable after more than one year | 17 | €375,694 | €351,448 | -€24,246 | -6.5% |
| Financial debts | 170/4 | €375,694 | €351,448 | -€24,246 | -6.5% |
| Amounts payable within one year | 42/48 | €165,768 | €161,016 | -€4,752 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €27,848 | €24,247 | -€3,601 | -12.9% |
| Taxes, remuneration and social security | 45 | €9,294 | €8,644 | -€650 | -7.0% |
| Taxes | 450/3 | €5,248 | €4,598 | -€650 | -12.4% |
| Remuneration and social security | 454/9 | €4,046 | €4,046 | = | 0.0% |
| Other amounts payable | 47/48 | €128,626 | €128,125 | -€501 | -0.4% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €431 | - | -€431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,103 | €38,976 | -€1,127 | -2.8% |
| Other operating charges | 640/8 | €3,625 | €6,159 | +€2,534 | +69.9% |
| Gross operating margin | 9900 | €57,634 | €67,145 | +€9,511 | +16.5% |
| Operating profit (loss) | 9901 | €13,475 | €22,010 | +€8,535 | +63.3% |
| Financial income | 75/76B | €8 | €6 | -€2 | -25.0% |
| Recurring financial income | 75 | €8 | €6 | -€2 | -25.0% |
| Financial charges | 65/66B | €11,458 | €11,602 | +€144 | +1.3% |
| Recurring financial charges | 65 | €11,458 | €11,602 | +€144 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €2,025 | €10,414 | +€8,389 | +414.3% |
| Income taxes | 67/77 | -€987 | €2 | +€989 | |
| Profit (loss) for the period | 9904 | €3,012 | €10,412 | +€7,400 | +245.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,012 | €10,412 | +€7,400 | +245.7% |
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 11 October 2026 via checked.be.