The Next Plan: 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 Next Plan
Largest movements
- Tangible fixed assets -€20,317
down €20,317 (-3.2%), from €637,591 to €617,274
of which Land and buildings: -€21,403
- Other debts -€46,648
down €46,648 (-25.0%), from €186,516 to €139,868
- Profit (loss) carried forward +€38,180
up €38,180 (+63.9%), from -€59,739 to -€21,559
- Debts after one year -€28,047
down €28,047 (-5.6%), from €502,882 to €474,835
- Current portion of long-term debt +€16,367
new in 2025: €16,367
- Gross operating margin +€58,355
up €58,355 (+104%), from €56,132 to €114,487
- Depreciation -€50,787
down €50,787 (-57.2%), from €88,845 to €38,058
- Staff costs +€8,774
up €8,774 (+475%), from €1,846 to €10,621
- Other operating charges +€1,886
up €1,886 (+359%), from €525 to €2,411
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 | €678,996 | €656,340 | -€22,656 | -3.3% |
| Fixed assets | 21/28 | €637,591 | €617,274 | -€20,317 | -3.2% |
| Tangible fixed assets | 22/27 | €637,591 | €617,274 | -€20,317 | -3.2% |
| Land and buildings | 22 | €630,604 | €609,201 | -€21,403 | -3.4% |
| Plant, machinery and equipment | 23 | €1,870 | €563 | -€1,307 | -69.9% |
| Furniture and vehicles | 24 | €5,116 | €7,510 | +€2,394 | +46.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €41,405 | €39,066 | -€2,339 | -5.6% |
| Amounts receivable within one year | 40/41 | €15,631 | €17,697 | +€2,067 | +13.2% |
| Trade receivables | 40 | €15,194 | €17,697 | +€2,504 | +16.5% |
| Other amounts receivable | 41 | €437 | €0 | -€437 | -100% |
| Cash at bank and in hand | 54/58 | €15,890 | €14,257 | -€1,633 | -10.3% |
| Deferred charges and accrued income | 490/1 | €9,885 | €7,112 | -€2,773 | -28.1% |
| Total equity and liabilities | 10/49 | €678,996 | €656,340 | -€22,656 | -3.3% |
| Equity | 10/15 | -€30,347 | €7,833 | +€38,180 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,892 | €26,892 | = | 0.0% |
| Distributable reserves | 133 | €26,892 | €26,892 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,739 | -€21,559 | +€38,180 | +63.9% |
| Amounts payable | 17/49 | €709,344 | €648,507 | -€60,836 | -8.6% |
| Amounts payable after more than one year | 17 | €502,882 | €474,835 | -€28,047 | -5.6% |
| Financial debts | 170/4 | €502,882 | €474,835 | -€28,047 | -5.6% |
| Amounts payable within one year | 42/48 | €206,462 | €173,672 | -€32,790 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | - | €16,367 | +€16,367 | |
| Financial debts | 43 | €1,111 | €558 | -€553 | -49.8% |
| Credit institutions | 430/8 | €1,111 | €558 | -€553 | -49.8% |
| Trade debts | 44 | €4,258 | €2,137 | -€2,122 | -49.8% |
| Suppliers | 440/4 | €4,258 | €2,137 | -€2,122 | -49.8% |
| Taxes, remuneration and social security | 45 | €14,577 | €14,743 | +€166 | +1.1% |
| Taxes | 450/3 | €11,577 | €14,743 | +€3,166 | +27.4% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €186,516 | €139,868 | -€46,648 | -25.0% |
| Remuneration, social security and pensions | 62 | €1,846 | €10,621 | +€8,774 | +475% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,845 | €38,058 | -€50,787 | -57.2% |
| Other operating charges | 640/8 | €525 | €2,411 | +€1,886 | +359% |
| Gross operating margin | 9900 | €56,132 | €114,487 | +€58,355 | +104% |
| Operating profit (loss) | 9901 | -€35,084 | €63,397 | +€98,481 | |
| Financial income | 75/76B | €30 | €0 | -€30 | -100% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100% |
| Financial charges | 65/66B | €24,460 | €24,846 | +€386 | +1.6% |
| Recurring financial charges | 65 | €24,460 | €24,846 | +€386 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€59,514 | €38,551 | +€98,065 | |
| Income taxes | 67/77 | €345 | €371 | +€25 | +7.4% |
| Profit (loss) for the period | 9904 | -€59,859 | €38,180 | +€98,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,859 | €38,180 | +€98,039 |
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.