Terminal Session (Benelux): 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.
Terminal Session (Benelux)
Largest movements
- Cash -€106,886
down €106,886 (-46.3%), from €230,827 to €123,941
mainly Debts after one year (-€72,478) and Net result for the year (-€62,367)
- Tangible fixed assets -€81,532
down €81,532 (-17.7%), from €459,496 to €377,964
of which Furniture and vehicles: -€49,760
- Debts after one year -€72,478
down €72,478 (-44.8%), from €161,663 to €89,185
- Profit (loss) carried forward -€62,367
down €62,367 (-22.1%), from €282,595 to €220,228
- Accrued charges and deferred income -€16,709
down €16,709 (-17.6%), from €94,833 to €78,124
- Other debts -€16,324
down €16,324 (-72.8%), from €22,419 to €6,095
- Current portion of long-term debt -€12,658
down €12,658 (-13.9%), from €91,274 to €78,615
- Gross operating margin -€15,672
down €15,672 (-4.7%), from €334,521 to €318,850
- Staff costs +€10,495
up €10,495 (+4.0%), from €265,373 to €275,868
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 | €877,730 | €697,715 | -€180,015 | -20.5% |
| Fixed assets | 21/28 | €470,141 | €388,106 | -€82,035 | -17.4% |
| Intangible fixed assets | 21 | €8,343 | €7,841 | -€503 | -6.0% |
| Tangible fixed assets | 22/27 | €459,496 | €377,964 | -€81,532 | -17.7% |
| Land and buildings | 22 | €297,174 | €268,287 | -€28,887 | -9.7% |
| Plant, machinery and equipment | 23 | €13,283 | €10,398 | -€2,886 | -21.7% |
| Furniture and vehicles | 24 | €149,039 | €99,280 | -€49,760 | -33.4% |
| Financial fixed assets | 28 | €2,301 | €2,301 | = | 0.0% |
| Current assets | 29/58 | €407,590 | €309,609 | -€97,981 | -24.0% |
| Stocks and contracts in progress | 3 | €10,836 | €9,991 | -€846 | -7.8% |
| Stocks | 30/36 | €10,836 | €9,991 | -€846 | -7.8% |
| Amounts receivable within one year | 40/41 | €160,105 | €167,377 | +€7,272 | +4.5% |
| Trade receivables | 40 | €155,977 | €162,521 | +€6,545 | +4.2% |
| Other amounts receivable | 41 | €4,128 | €4,855 | +€727 | +17.6% |
| Current investments | 50/53 | €4,012 | €4,012 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €230,827 | €123,941 | -€106,886 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,810 | €4,289 | +€2,479 | +137% |
| Total equity and liabilities | 10/49 | €877,730 | €697,715 | -€180,015 | -20.5% |
| Equity | 10/15 | €379,869 | €317,502 | -€62,367 | -16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,075 | €91,075 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,215 | €4,215 | = | 0.0% |
| Distributable reserves | 133 | €86,860 | €86,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,595 | €220,228 | -€62,367 | -22.1% |
| Amounts payable | 17/49 | €497,861 | €380,213 | -€117,648 | -23.6% |
| Amounts payable after more than one year | 17 | €161,663 | €89,185 | -€72,478 | -44.8% |
| Financial debts | 170/4 | €161,663 | €89,185 | -€72,478 | -44.8% |
| Amounts payable within one year | 42/48 | €241,366 | €212,904 | -€28,462 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €91,274 | €78,615 | -€12,658 | -13.9% |
| Trade debts | 44 | €62,236 | €70,508 | +€8,272 | +13.3% |
| Suppliers | 440/4 | €62,236 | €70,508 | +€8,272 | +13.3% |
| Taxes, remuneration and social security | 45 | €65,437 | €57,686 | -€7,751 | -11.8% |
| Taxes | 450/3 | €31,330 | €25,737 | -€5,593 | -17.9% |
| Remuneration and social security | 454/9 | €34,106 | €31,949 | -€2,158 | -6.3% |
| Other amounts payable | 47/48 | €22,419 | €6,095 | -€16,324 | -72.8% |
| Accrued charges and deferred income | 492/3 | €94,833 | €78,124 | -€16,709 | -17.6% |
| Remuneration, social security and pensions | 62 | €265,373 | €275,868 | +€10,495 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,498 | €88,192 | +€2,694 | +3.2% |
| Other operating charges | 640/8 | €9,523 | €9,833 | +€310 | +3.3% |
| Gross operating margin | 9900 | €334,521 | €318,850 | -€15,672 | -4.7% |
| Operating profit (loss) | 9901 | -€25,873 | -€55,043 | -€29,170 | -113% |
| Financial charges | 65/66B | €8,923 | €6,664 | -€2,260 | -25.3% |
| Recurring financial charges | 65 | €8,923 | €6,664 | -€2,260 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,796 | -€61,707 | -€26,911 | -77.3% |
| Income taxes | 67/77 | €2,040 | €660 | -€1,380 | -67.6% |
| Profit (loss) for the period | 9904 | -€36,836 | -€62,367 | -€25,531 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,836 | -€62,367 | -€25,531 | -69.3% |
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.