THE NEXT THING: 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 THING
Largest movements
- Current investments +€30,618
up €30,618 (+122%), from €25,000 to €55,618
- Tangible fixed assets -€15,837
down €15,837 (-11.2%), from €141,820 to €125,983
of which Land and buildings: -€14,795
- Cash +€9,537
up €9,537 (+11.9%), from €80,391 to €89,928
mainly Net result for the year (+€48,349) and Depreciation (+€18,296)
- Reserves +€48,349
up €48,349 (+32.2%), from €150,378 to €198,727
- Debts after one year -€22,200
down €22,200 (-27.9%), from €79,550 to €57,350
- Tax, wage and social debts -€4,580
down €4,580 (-20.4%), from €22,444 to €17,864
- Other debts +€3,157
up €3,157 (+123%), from €2,575 to €5,732
- Gross operating margin +€15,784
up €15,784 (+21.6%), from €73,195 to €88,979
- Taxes +€4,418
up €4,418 (+30.2%), from €14,636 to €19,054
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 | €286,471 | €310,509 | +€24,039 | +8.4% |
| Fixed assets | 21/28 | €141,820 | €125,983 | -€15,837 | -11.2% |
| Tangible fixed assets | 22/27 | €141,820 | €125,983 | -€15,837 | -11.2% |
| Land and buildings | 22 | €133,152 | €118,357 | -€14,795 | -11.1% |
| Plant, machinery and equipment | 23 | €2,430 | €3,101 | +€670 | +27.6% |
| Furniture and vehicles | 24 | €3,308 | €2,333 | -€975 | -29.5% |
| Other tangible fixed assets | 26 | €2,929 | €2,192 | -€737 | -25.2% |
| Current assets | 29/58 | €144,651 | €184,527 | +€39,876 | +27.6% |
| Amounts receivable within one year | 40/41 | €39,083 | €38,055 | -€1,029 | -2.6% |
| Trade receivables | 40 | €39,083 | €38,055 | -€1,029 | -2.6% |
| Current investments | 50/53 | €25,000 | €55,618 | +€30,618 | +122% |
| Cash at bank and in hand | 54/58 | €80,391 | €89,928 | +€9,537 | +11.9% |
| Deferred charges and accrued income | 490/1 | €177 | €926 | +€749 | +423% |
| Total equity and liabilities | 10/49 | €286,471 | €310,509 | +€24,039 | +8.4% |
| Equity | 10/15 | €156,578 | €204,927 | +€48,349 | +30.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,378 | €198,727 | +€48,349 | +32.2% |
| Distributable reserves | 133 | €150,378 | €198,727 | +€48,349 | +32.2% |
| Amounts payable | 17/49 | €129,893 | €105,582 | -€24,311 | -18.7% |
| Amounts payable after more than one year | 17 | €79,550 | €57,350 | -€22,200 | -27.9% |
| Financial debts | 170/4 | €79,550 | €57,350 | -€22,200 | -27.9% |
| Amounts payable within one year | 42/48 | €50,343 | €48,232 | -€2,111 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €22,200 | €22,200 | = | 0.0% |
| Financial debts | 43 | €630 | €127 | -€503 | -79.9% |
| Credit institutions | 430/8 | €630 | €127 | -€503 | -79.9% |
| Trade debts | 44 | €2,493 | €2,309 | -€184 | -7.4% |
| Suppliers | 440/4 | €2,493 | €2,309 | -€184 | -7.4% |
| Taxes, remuneration and social security | 45 | €22,444 | €17,864 | -€4,580 | -20.4% |
| Taxes | 450/3 | €22,444 | €17,864 | -€4,580 | -20.4% |
| Other amounts payable | 47/48 | €2,575 | €5,732 | +€3,157 | +123% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,633 | €18,296 | -€337 | -1.8% |
| Other operating charges | 640/8 | €2,113 | €1,755 | -€358 | -16.9% |
| Gross operating margin | 9900 | €73,195 | €88,979 | +€15,784 | +21.6% |
| Operating profit (loss) | 9901 | €52,449 | €68,928 | +€16,479 | +31.4% |
| Financial income | 75/76B | €125 | €5 | -€120 | -95.7% |
| Recurring financial income | 75 | €125 | €5 | -€120 | -95.7% |
| Financial charges | 65/66B | €1,435 | €1,530 | +€95 | +6.6% |
| Recurring financial charges | 65 | €1,435 | €1,530 | +€95 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €51,139 | €67,403 | +€16,264 | +31.8% |
| Income taxes | 67/77 | €14,636 | €19,054 | +€4,418 | +30.2% |
| Profit (loss) for the period | 9904 | €36,504 | €48,349 | +€11,846 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,504 | €48,349 | +€11,846 | +32.5% |
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 15 October 2026 via checked.be.