THE PLAYGROUND: 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 PLAYGROUND
Largest movements
- Receivables within one year +€27,624
up €27,624 (+464%), from €5,947 to €33,571
of which Trade receivables: +€27,598
- Tangible fixed assets -€17,777
down €17,777 (-24.0%), from €74,015 to €56,239
of which Land and buildings: -€14,867
- Cash -€15,793
down €15,793 (-38.4%), from €41,123 to €25,330
mainly Receivables within one year (-€27,624) and Investment in fixed assets (net) (-€17,465)
- Intangible fixed assets +€15,714
up €15,714 (+6,860%), from €229 to €15,943
- Stocks and contracts +€5,574
up €5,574 (+12.9%), from €43,278 to €48,852
- Trade debts +€12,130
up €12,130 (+49.5%), from €24,493 to €36,623
- Other debts +€8,888
up €8,888 (+4.9%), from €182,707 to €191,595
- Tax, wage and social debts -€6,413
down €6,413 (-18.2%), from €35,259 to €28,846
of which Taxes: -€4,264
- Gross operating margin -€34,684
down €34,684 (-17.9%), from €193,236 to €158,552
- Staff costs -€17,506
down €17,506 (-11.5%), from €151,807 to €134,301
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 | €167,038 | €182,962 | +€15,924 | +9.5% |
| Fixed assets | 21/28 | €74,844 | €72,782 | -€2,062 | -2.8% |
| Intangible fixed assets | 21 | €229 | €15,943 | +€15,714 | +6,860% |
| Tangible fixed assets | 22/27 | €74,015 | €56,239 | -€17,777 | -24.0% |
| Land and buildings | 22 | €61,216 | €46,349 | -€14,867 | -24.3% |
| Plant, machinery and equipment | 23 | €6,773 | €5,670 | -€1,104 | -16.3% |
| Furniture and vehicles | 24 | €1,074 | €513 | -€561 | -52.2% |
| Other tangible fixed assets | 26 | €4,952 | €3,707 | -€1,245 | -25.1% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €92,194 | €110,180 | +€17,986 | +19.5% |
| Stocks and contracts in progress | 3 | €43,278 | €48,852 | +€5,574 | +12.9% |
| Stocks | 30/36 | €43,278 | €48,852 | +€5,574 | +12.9% |
| Amounts receivable within one year | 40/41 | €5,947 | €33,571 | +€27,624 | +464% |
| Trade receivables | 40 | €5,947 | €33,545 | +€27,598 | +464% |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €41,123 | €25,330 | -€15,793 | -38.4% |
| Deferred charges and accrued income | 490/1 | €1,845 | €2,427 | +€582 | +31.5% |
| Total equity and liabilities | 10/49 | €167,038 | €182,962 | +€15,924 | +9.5% |
| Equity | 10/15 | -€175,421 | -€174,102 | +€1,318 | +0.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,421 | -€224,102 | +€1,318 | +0.6% |
| Amounts payable | 17/49 | €342,459 | €357,065 | +€14,605 | +4.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €242,459 | €257,065 | +€14,605 | +6.0% |
| Trade debts | 44 | €24,493 | €36,623 | +€12,130 | +49.5% |
| Suppliers | 440/4 | €24,493 | €36,623 | +€12,130 | +49.5% |
| Taxes, remuneration and social security | 45 | €35,259 | €28,846 | -€6,413 | -18.2% |
| Taxes | 450/3 | €19,211 | €14,947 | -€4,264 | -22.2% |
| Remuneration and social security | 454/9 | €16,048 | €13,899 | -€2,149 | -13.4% |
| Other amounts payable | 47/48 | €182,707 | €191,595 | +€8,888 | +4.9% |
| Remuneration, social security and pensions | 62 | €151,807 | €134,301 | -€17,506 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,636 | €19,527 | -€108 | -0.6% |
| Other operating charges | 640/8 | €3,201 | €2,347 | -€854 | -26.7% |
| Non-recurring operating charges | 66A | €2,471 | - | -€2,471 | |
| Gross operating margin | 9900 | €193,236 | €158,552 | -€34,684 | -17.9% |
| Operating profit (loss) | 9901 | €16,121 | €2,377 | -€13,744 | -85.3% |
| Financial income | 75/76B | €1,258 | €2,212 | +€954 | +75.8% |
| Recurring financial income | 75 | €1,258 | €2,212 | +€954 | +75.8% |
| Financial charges | 65/66B | €3,683 | €3,270 | -€413 | -11.2% |
| Recurring financial charges | 65 | €3,683 | €3,270 | -€413 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €13,695 | €1,318 | -€12,377 | -90.4% |
| Profit (loss) for the period | 9904 | €13,695 | €1,318 | -€12,377 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,695 | €1,318 | -€12,377 | -90.4% |
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.