THE HOUSE: 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 HOUSE
Largest movements
- Tangible fixed assets -€69,095
down €69,095 (-7.2%), from €957,118 to €888,023
of which Land and buildings: -€68,794
- Cash -€22,616
down €22,616 (-86.9%), from €26,017 to €3,401
mainly Debts after one year (-€81,741) and Net result for the year (-€76,600)
- Debts after one year -€81,741
down €81,741 (-35.4%), from €231,002 to €149,261
- Profit (loss) carried forward -€76,600
down €76,600 (-19.9%), from -€384,645 to -€461,245
- Other debts +€62,268
up €62,268 (+6.1%), from €1.0m to €1.1m
- Gross operating margin -€13,882
down €13,882 (-53.9%), from €25,774 to €11,893
- Depreciation +€12,561
up €12,561 (+22.2%), from €56,534 to €69,095
- Financial charges -€3,938
down €3,938 (-25.0%), from €15,741 to €11,804
- Other operating charges +€3,555
up €3,555 (+88.0%), from €4,039 to €7,594
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 | €984,335 | €892,699 | -€91,637 | -9.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €957,118 | €888,023 | -€69,095 | -7.2% |
| Tangible fixed assets | 22/27 | €957,118 | €888,023 | -€69,095 | -7.2% |
| Land and buildings | 22 | €956,817 | €888,023 | -€68,794 | -7.2% |
| Furniture and vehicles | 24 | €301 | €0 | -€301 | -100% |
| Current assets | 29/58 | €27,217 | €4,676 | -€22,541 | -82.8% |
| Cash at bank and in hand | 54/58 | €26,017 | €3,401 | -€22,616 | -86.9% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,275 | +€75 | +6.3% |
| Total equity and liabilities | 10/49 | €984,335 | €892,699 | -€91,637 | -9.3% |
| Equity | 10/15 | -€375,760 | -€452,360 | -€76,600 | -20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,685 | €2,685 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,685 | €2,685 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,685 | €2,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,645 | -€461,245 | -€76,600 | -19.9% |
| Amounts payable | 17/49 | €1,360,096 | €1,345,059 | -€15,037 | -1.1% |
| Amounts payable after more than one year | 17 | €231,002 | €149,261 | -€81,741 | -35.4% |
| Financial debts | 170/4 | €231,002 | €149,261 | -€81,741 | -35.4% |
| Amounts payable within one year | 42/48 | €1,128,499 | €1,195,246 | +€66,748 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €77,719 | €81,537 | +€3,818 | +4.9% |
| Trade debts | 44 | €21,773 | €22,435 | +€662 | +3.0% |
| Suppliers | 440/4 | €21,773 | €22,435 | +€662 | +3.0% |
| Other amounts payable | 47/48 | €1,029,007 | €1,091,275 | +€62,268 | +6.1% |
| Accrued charges and deferred income | 492/3 | €594 | €551 | -€43 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,534 | €69,095 | +€12,561 | +22.2% |
| Other operating charges | 640/8 | €4,039 | €7,594 | +€3,555 | +88.0% |
| Gross operating margin | 9900 | €25,774 | €11,893 | -€13,882 | -53.9% |
| Operating profit (loss) | 9901 | -€34,798 | -€64,796 | -€29,998 | -86.2% |
| Financial charges | 65/66B | €15,741 | €11,804 | -€3,938 | -25.0% |
| Recurring financial charges | 65 | €15,741 | €11,804 | -€3,938 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,540 | -€76,600 | -€26,060 | -51.6% |
| Profit (loss) for the period | 9904 | -€50,540 | -€76,600 | -€26,060 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,540 | -€76,600 | -€26,060 | -51.6% |
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 25 October 2026 via checked.be.