The Old Fiddler: 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 Old Fiddler
Largest movements
- Tangible fixed assets -€87,175
down €87,175 (-12.6%), from €690,875 to €603,700
of which Furniture and vehicles: -€51,022
- Receivables within one year +€68,525
up €68,525 (+86.9%), from €78,834 to €147,358
of which Other amounts receivable: +€62,286
- Cash -€26,812
down €26,812 (-41.3%), from €64,931 to €38,119
mainly Contributions, distributions and other (-€170,000) and Debts after one year (-€76,413)
- Debts after one year -€76,413
down €76,413 (-29.8%), from €256,599 to €180,186
- Profit (loss) carried forward +€38,291
up €38,291 (+9.6%), from €400,043 to €438,335
- Other debts +€30,357
up €30,357 (+20.5%), from €148,307 to €178,663
- Trade debts -€28,403
down €28,403 (-69.0%), from €41,141 to €12,738
- Staff costs -€29,552
down €29,552 (-12.0%), from €246,552 to €217,001
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 | €999,500 | €951,246 | -€48,254 | -4.8% |
| Fixed assets | 21/28 | €690,875 | €603,700 | -€87,175 | -12.6% |
| Tangible fixed assets | 22/27 | €690,875 | €603,700 | -€87,175 | -12.6% |
| Land and buildings | 22 | €502,868 | €485,853 | -€17,016 | -3.4% |
| Plant, machinery and equipment | 23 | €68,267 | €52,501 | -€15,766 | -23.1% |
| Furniture and vehicles | 24 | €115,462 | €64,441 | -€51,022 | -44.2% |
| Leasing and similar rights | 25 | €4,278 | €905 | -€3,372 | -78.8% |
| Current assets | 29/58 | €308,625 | €347,546 | +€38,921 | +12.6% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €33,110 | €28,801 | -€4,309 | -13.0% |
| Stocks | 30/36 | €33,110 | €28,801 | -€4,309 | -13.0% |
| Amounts receivable within one year | 40/41 | €78,834 | €147,358 | +€68,525 | +86.9% |
| Trade receivables | 40 | €2,689 | €8,927 | +€6,238 | +232% |
| Other amounts receivable | 41 | €76,144 | €138,431 | +€62,286 | +81.8% |
| Cash at bank and in hand | 54/58 | €64,931 | €38,119 | -€26,812 | -41.3% |
| Deferred charges and accrued income | 490/1 | €1,751 | €3,268 | +€1,517 | +86.7% |
| Total equity and liabilities | 10/49 | €999,500 | €951,246 | -€48,254 | -4.8% |
| Equity | 10/15 | €439,602 | €477,893 | +€38,291 | +8.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €4,558 | €4,558 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,058 | €1,058 | = | 0.0% |
| Distributable reserves | 133 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400,043 | €438,335 | +€38,291 | +9.6% |
| Amounts payable | 17/49 | €559,898 | €473,353 | -€86,545 | -15.5% |
| Amounts payable after more than one year | 17 | €256,599 | €180,186 | -€76,413 | -29.8% |
| Financial debts | 170/4 | €256,599 | €180,186 | -€76,413 | -29.8% |
| Amounts payable within one year | 42/48 | €302,372 | €293,167 | -€9,205 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €82,299 | €74,466 | -€7,833 | -9.5% |
| Trade debts | 44 | €41,141 | €12,738 | -€28,403 | -69.0% |
| Suppliers | 440/4 | €41,141 | €12,738 | -€28,403 | -69.0% |
| Taxes, remuneration and social security | 45 | €30,625 | €27,299 | -€3,326 | -10.9% |
| Taxes | 450/3 | €9,444 | €6,136 | -€3,308 | -35.0% |
| Remuneration and social security | 454/9 | €21,181 | €21,163 | -€18 | -0.1% |
| Other amounts payable | 47/48 | €148,307 | €178,663 | +€30,357 | +20.5% |
| Accrued charges and deferred income | 492/3 | €928 | €0 | -€928 | -100% |
| Non-recurring operating income | 76A | - | €729 | +€729 | |
| Remuneration, social security and pensions | 62 | €246,552 | €217,001 | -€29,552 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,534 | €154,474 | -€60 | 0.0% |
| Other operating charges | 640/8 | €5,947 | €6,002 | +€55 | +0.9% |
| Non-recurring operating charges | 66A | €4,343 | €0 | -€4,343 | -100% |
| Gross operating margin | 9900 | €630,476 | €624,917 | -€5,559 | -0.9% |
| Operating profit (loss) | 9901 | €219,099 | €247,440 | +€28,341 | +12.9% |
| Financial income | 75/76B | €612 | €1,176 | +€565 | +92.3% |
| Recurring financial income | 75 | €612 | €1,176 | +€565 | +92.3% |
| Financial charges | 65/66B | €9,795 | €6,846 | -€2,949 | -30.1% |
| Recurring financial charges | 65 | €9,795 | €6,846 | -€2,949 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €209,916 | €241,770 | +€31,855 | +15.2% |
| Income taxes | 67/77 | €33,473 | €33,479 | +€6 | 0.0% |
| Profit (loss) for the period | 9904 | €176,442 | €208,291 | +€31,849 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €176,442 | €208,291 | +€31,849 | +18.1% |
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 29 October 2026 via checked.be.