THE EXTRA MILE: 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.
THE EXTRA MILE
Largest movements
- Tangible fixed assets +€383,203
up €383,203 (+51.0%), from €751,681 to €1.1m
of which Land and buildings: +€410,081
- Receivables within one year -€34,348
down €34,348 (-26.2%), from €131,228 to €96,880
of which Other amounts receivable: -€34,503
- Cash -€18,717
down €18,717 (-5.5%), from €338,091 to €319,374
mainly Investment in fixed assets (net) (-€493,011) and Other debts (-€98,894)
- Debts after one year +€367,542
up €367,542 (+96.3%), from €381,575 to €749,117
- Reserves +€184,156
up €184,156 (+35.7%), from €515,714 to €699,869
- Other debts -€98,894
down €98,894 (-58.0%), from €170,393 to €71,498
- Tax, wage and social debts -€54,393
down €54,393 (-52.4%), from €103,826 to €49,433
- Current portion of long-term debt -€36,374
down €36,374 (-34.6%), from €105,089 to €68,714
- Gross operating margin +€70,428
up €70,428 (+17.6%), from €400,597 to €471,025
- Other operating charges +€52,822
up €52,822 (+827%), from €6,386 to €59,208
- Depreciation +€46,080
up €46,080 (+72.3%), from €63,730 to €109,810
- Financial charges +€13,085
up €13,085 (+124%), from €10,560 to €23,645
- Taxes -€9,867
down €9,867 (-9.4%), from €105,146 to €95,279
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 | €1,336,686 | €1,669,945 | +€333,259 | +24.9% |
| Fixed assets | 21/28 | €751,683 | €1,134,884 | +€383,201 | +51.0% |
| Intangible fixed assets | 21 | €2 | €0 | -€2 | -100% |
| Tangible fixed assets | 22/27 | €751,681 | €1,134,884 | +€383,203 | +51.0% |
| Land and buildings | 22 | €538,079 | €948,160 | +€410,081 | +76.2% |
| Plant, machinery and equipment | 23 | €85,515 | €102,040 | +€16,525 | +19.3% |
| Furniture and vehicles | 24 | €128,088 | €84,684 | -€43,403 | -33.9% |
| Current assets | 29/58 | €585,003 | €535,061 | -€49,942 | -8.5% |
| Amounts receivable within one year | 40/41 | €131,228 | €96,880 | -€34,348 | -26.2% |
| Trade receivables | 40 | €16,429 | €16,584 | +€155 | +0.9% |
| Other amounts receivable | 41 | €114,799 | €80,296 | -€34,503 | -30.1% |
| Current investments | 50/53 | €100,000 | €112,796 | +€12,796 | +12.8% |
| Cash at bank and in hand | 54/58 | €338,091 | €319,374 | -€18,717 | -5.5% |
| Deferred charges and accrued income | 490/1 | €15,684 | €6,010 | -€9,673 | -61.7% |
| Total equity and liabilities | 10/49 | €1,336,686 | €1,669,945 | +€333,259 | +24.9% |
| Equity | 10/15 | €516,714 | €700,869 | +€184,156 | +35.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €515,714 | €699,869 | +€184,156 | +35.7% |
| Distributable reserves | 133 | €515,714 | €699,869 | +€184,156 | +35.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €819,972 | €969,075 | +€149,103 | +18.2% |
| Amounts payable after more than one year | 17 | €381,575 | €749,117 | +€367,542 | +96.3% |
| Financial debts | 170/4 | €381,575 | €749,117 | +€367,542 | +96.3% |
| Amounts payable within one year | 42/48 | €408,098 | €219,959 | -€188,140 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €105,089 | €68,714 | -€36,374 | -34.6% |
| Trade debts | 44 | €28,791 | €30,313 | +€1,522 | +5.3% |
| Suppliers | 440/4 | €28,791 | €30,313 | +€1,522 | +5.3% |
| Taxes, remuneration and social security | 45 | €103,826 | €49,433 | -€54,393 | -52.4% |
| Taxes | 450/3 | €103,826 | €49,433 | -€54,393 | -52.4% |
| Other amounts payable | 47/48 | €170,393 | €71,498 | -€98,894 | -58.0% |
| Accrued charges and deferred income | 492/3 | €30,299 | €0 | -€30,299 | -100% |
| Non-recurring operating income | 76A | €74,438 | €55,340 | -€19,098 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,730 | €109,810 | +€46,080 | +72.3% |
| Other operating charges | 640/8 | €6,386 | €59,208 | +€52,822 | +827% |
| Non-recurring operating charges | 66A | €260 | €0 | -€260 | -100% |
| Gross operating margin | 9900 | €400,597 | €471,025 | +€70,428 | +17.6% |
| Operating profit (loss) | 9901 | €330,222 | €302,008 | -€28,214 | -8.5% |
| Financial income | 75/76B | €5,269 | €2,738 | -€2,530 | -48.0% |
| Recurring financial income | 75 | €5,269 | €2,738 | -€2,530 | -48.0% |
| Financial charges | 65/66B | €10,560 | €23,645 | +€13,085 | +124% |
| Recurring financial charges | 65 | €10,560 | €23,645 | +€13,085 | +124% |
| Profit (loss) for the period before taxes | 9903 | €324,930 | €281,101 | -€43,829 | -13.5% |
| Income taxes | 67/77 | €105,146 | €95,279 | -€9,867 | -9.4% |
| Profit (loss) for the period | 9904 | €219,784 | €185,822 | -€33,962 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €219,784 | €185,822 | -€33,962 | -15.5% |
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 20 October 2026 via checked.be.