THE LOBBY: 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 LOBBY
Largest movements
- Tangible fixed assets +€148,748
up €148,748 (+1,447%), from €10,280 to €159,028
of which Land and buildings: +€108,023
- Cash -€14,560
down €14,560 (-30.2%), from €48,239 to €33,679
mainly Investment in fixed assets (net) (-€161,935) and Net result for the year (-€14,649)
- Deferred charges and accrued income +€6,462
up €6,462 (+2,613%), from €247 to €6,709
- Receivables within one year +€3,548
up €3,548 (+24.6%), from €14,407 to €17,955
of which Other amounts receivable: +€17,955
- Debts after one year +€144,591
new in 2025: €144,591
- Current portion of long-term debt +€14,836
new in 2025: €14,836
- Profit (loss) carried forward -€14,649
down €14,649 (-457%), from -€3,206 to -€17,855
- Tax, wage and social debts +€2,369
up €2,369 (+23.9%), from €9,919 to €12,288
of which Taxes: +€1,860
- Gross operating margin -€31,695
down €31,695 (-22.8%), from €138,782 to €107,086
- Staff costs -€21,153
down €21,153 (-18.7%), from €113,411 to €92,258
- Financial charges +€10,948
up €10,948 (+1,655%), from €662 to €11,610
of which Financial charges: +€6,078
- Depreciation +€9,078
up €9,078 (+221%), from €4,109 to €13,187
- Other operating charges +€2,019
up €2,019 (+71.9%), from €2,808 to €4,828
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 | €75,174 | €219,372 | +€144,198 | +192% |
| Fixed assets | 21/28 | €10,280 | €159,028 | +€148,748 | +1,447% |
| Tangible fixed assets | 22/27 | €10,280 | €159,028 | +€148,748 | +1,447% |
| Land and buildings | 22 | €4,859 | €112,882 | +€108,023 | +2,223% |
| Plant, machinery and equipment | 23 | €351 | €868 | +€517 | +147% |
| Furniture and vehicles | 24 | €200 | €565 | +€365 | +182% |
| Other tangible fixed assets | 26 | €4,870 | €44,713 | +€39,843 | +818% |
| Current assets | 29/58 | €64,894 | €60,344 | -€4,550 | -7.0% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,407 | €17,955 | +€3,548 | +24.6% |
| Trade receivables | 40 | €14,407 | - | -€14,407 | |
| Other amounts receivable | 41 | - | €17,955 | +€17,955 | |
| Cash at bank and in hand | 54/58 | €48,239 | €33,679 | -€14,560 | -30.2% |
| Deferred charges and accrued income | 490/1 | €247 | €6,709 | +€6,462 | +2,613% |
| Total equity and liabilities | 10/49 | €75,174 | €219,372 | +€144,198 | +192% |
| Equity | 10/15 | €61,401 | €46,752 | -€14,649 | -23.9% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €32,607 | €32,607 | = | 0.0% |
| Distributable reserves | 133 | €32,607 | €32,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,206 | -€17,855 | -€14,649 | -457% |
| Amounts payable | 17/49 | €13,773 | €172,620 | +€158,847 | +1,153% |
| Amounts payable after more than one year | 17 | - | €144,591 | +€144,591 | |
| Financial debts | 170/4 | - | €144,591 | +€144,591 | |
| Amounts payable within one year | 42/48 | €13,773 | €28,029 | +€14,256 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €14,836 | +€14,836 | |
| Trade debts | 44 | €1,789 | €905 | -€884 | -49.4% |
| Suppliers | 440/4 | €1,789 | €905 | -€884 | -49.4% |
| Taxes, remuneration and social security | 45 | €9,919 | €12,288 | +€2,369 | +23.9% |
| Taxes | 450/3 | €9,919 | €11,779 | +€1,860 | +18.8% |
| Remuneration and social security | 454/9 | - | €509 | +€509 | |
| Other amounts payable | 47/48 | €2,065 | - | -€2,065 | |
| Non-recurring operating income | 76A | - | €3,720 | +€3,720 | |
| Remuneration, social security and pensions | 62 | €113,411 | €92,258 | -€21,153 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,109 | €13,187 | +€9,078 | +221% |
| Other operating charges | 640/8 | €2,808 | €4,828 | +€2,019 | +71.9% |
| Gross operating margin | 9900 | €138,782 | €107,086 | -€31,695 | -22.8% |
| Operating profit (loss) | 9901 | €18,453 | -€3,186 | -€21,639 | |
| Financial income | 75/76B | €171 | €285 | +€113 | +66.3% |
| Recurring financial income | 75 | €171 | €285 | +€113 | +66.3% |
| Financial charges | 65/66B | €662 | €11,610 | +€10,948 | +1,655% |
| Recurring financial charges | 65 | €662 | €6,740 | +€6,078 | +919% |
| Non-recurring financial charges | 66B | - | €4,870 | +€4,870 | |
| Profit (loss) for the period before taxes | 9903 | €17,963 | -€14,511 | -€32,474 | |
| Income taxes | 67/77 | €285 | €138 | -€147 | -51.5% |
| Profit (loss) for the period | 9904 | €17,678 | -€14,649 | -€32,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,678 | -€14,649 | -€32,327 |
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 13 October 2026 via checked.be.