THAT'S IT: 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.
THAT'S IT
Largest movements
- Tangible fixed assets -€109,683
down €109,683 (-5.2%), from €2.1m to €2.0m
of which Land and buildings: -€108,740
- Cash -€26,371
down €26,371 (-92.3%), from €28,573 to €2,202
mainly Contributions, distributions and other (-€284,121) and Debts after one year (-€26,820)
- Reserves -€153,229
down €153,229 (-14.6%), from €1.1m to €899,340
- Other debts +€60,415
up €60,415 (+8.2%), from €734,299 to €794,714
- Debts after one year -€26,820
down €26,820 (-15.8%), from €169,519 to €142,699
- Gross operating margin -€8,930
down €8,930 (-2.4%), from €375,136 to €366,205
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 | €2,147,880 | €2,019,169 | -€128,711 | -6.0% |
| Fixed assets | 21/28 | €2,113,393 | €2,003,710 | -€109,683 | -5.2% |
| Tangible fixed assets | 22/27 | €2,113,393 | €2,003,710 | -€109,683 | -5.2% |
| Land and buildings | 22 | €2,100,361 | €1,991,622 | -€108,740 | -5.2% |
| Furniture and vehicles | 24 | €3,032 | €2,088 | -€943 | -31.1% |
| Other tangible fixed assets | 26 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €34,487 | €15,459 | -€19,028 | -55.2% |
| Amounts receivable within one year | 40/41 | €5,914 | €13,258 | +€7,344 | +124.2% |
| Other amounts receivable | 41 | €5,914 | €13,258 | +€7,344 | +124.2% |
| Cash at bank and in hand | 54/58 | €28,573 | €2,202 | -€26,371 | -92.3% |
| Total equity and liabilities | 10/49 | €2,147,880 | €2,019,169 | -€128,711 | -6.0% |
| Equity | 10/15 | €1,102,569 | €949,340 | -€153,229 | -13.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,052,569 | €899,340 | -€153,229 | -14.6% |
| Distributable reserves | 133 | €1,052,569 | €899,340 | -€153,229 | -14.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,045,311 | €1,069,829 | +€24,518 | +2.3% |
| Amounts payable after more than one year | 17 | €169,519 | €142,699 | -€26,820 | -15.8% |
| Financial debts | 170/4 | €169,519 | €142,699 | -€26,820 | -15.8% |
| Amounts payable within one year | 42/48 | €815,324 | €866,847 | +€51,523 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €62,608 | €47,556 | -€15,051 | -24.0% |
| Trade debts | 44 | €4,186 | €11,487 | +€7,301 | +174.4% |
| Suppliers | 440/4 | €4,186 | €11,487 | +€7,301 | +174.4% |
| Taxes, remuneration and social security | 45 | €14,231 | €13,089 | -€1,141 | -8.0% |
| Taxes | 450/3 | €14,231 | €13,089 | -€1,141 | -8.0% |
| Other amounts payable | 47/48 | €734,299 | €794,714 | +€60,415 | +8.2% |
| Accrued charges and deferred income | 492/3 | €60,469 | €60,284 | -€185 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,549 | €113,276 | +€2,727 | +2.5% |
| Other operating charges | 640/8 | €7,366 | €7,592 | +€226 | +3.1% |
| Gross operating margin | 9900 | €375,136 | €366,205 | -€8,930 | -2.4% |
| Operating profit (loss) | 9901 | €257,220 | €245,337 | -€11,884 | -4.6% |
| Financial charges | 65/66B | €60,116 | €59,253 | -€863 | -1.4% |
| Recurring financial charges | 65 | €60,116 | €59,253 | -€863 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €197,104 | €186,084 | -€11,020 | -5.6% |
| Income taxes | 67/77 | €57,997 | €55,192 | -€2,805 | -4.8% |
| Profit (loss) for the period | 9904 | €139,107 | €130,892 | -€8,215 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €139,107 | €130,892 | -€8,215 | -5.9% |
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.