THE SIXTH SENSE: 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 SIXTH SENSE
Largest movements
- Tangible fixed assets +€217,048
up €217,048 (+24.6%), from €882,596 to €1.1m
of which Land and buildings: +€217,427
- Cash -€22,750
down €22,750 (-88.1%), from €25,818 to €3,067
mainly Debts after one year (-€426,881) and Investment in fixed assets (net) (-€248,594)
- Other debts +€614,998
new in 2025: €614,998
- Debts after one year -€426,881
down €426,881 (-48.9%), from €873,736 to €446,854
- Gross operating margin +€45,851
up €45,851 (+270%), from €16,984 to €62,834
- Depreciation +€31,168
up €31,168 (+8,236%), from €378 to €31,546
- Financial charges +€7,690
up €7,690 (+70.6%), from €10,888 to €18,578
- Other operating charges +€2,782
up €2,782 (+80.4%), from €3,459 to €6,241
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 | €924,331 | €1,117,230 | +€192,900 | +20.9% |
| Fixed assets | 21/28 | €882,596 | €1,099,645 | +€217,048 | +24.6% |
| Tangible fixed assets | 22/27 | €882,596 | €1,099,645 | +€217,048 | +24.6% |
| Land and buildings | 22 | €882,128 | €1,099,555 | +€217,427 | +24.6% |
| Furniture and vehicles | 24 | €469 | €90 | -€378 | -80.8% |
| Current assets | 29/58 | €41,734 | €17,586 | -€24,148 | -57.9% |
| Amounts receivable within one year | 40/41 | €14,917 | €13,422 | -€1,495 | -10.0% |
| Trade receivables | 40 | €14,110 | €13,318 | -€791 | -5.6% |
| Other amounts receivable | 41 | €807 | €103 | -€704 | -87.2% |
| Cash at bank and in hand | 54/58 | €25,818 | €3,067 | -€22,750 | -88.1% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,097 | +€97 | +9.7% |
| Total equity and liabilities | 10/49 | €924,331 | €1,117,230 | +€192,900 | +20.9% |
| Equity | 10/15 | €20,519 | €26,988 | +€6,469 | +31.5% |
| Contributions | 10/11 | €28,500 | €28,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,981 | -€1,512 | +€6,469 | +81.1% |
| Amounts payable | 17/49 | €903,811 | €1,090,242 | +€186,431 | +20.6% |
| Amounts payable after more than one year | 17 | €873,736 | €446,854 | -€426,881 | -48.9% |
| Financial debts | 170/4 | €873,736 | €446,854 | -€426,881 | -48.9% |
| Amounts payable within one year | 42/48 | €27,698 | €643,388 | +€615,690 | +2,223% |
| Current portion of amounts payable after more than one year | 42 | €27,049 | €27,894 | +€846 | +3.1% |
| Trade debts | 44 | €466 | €496 | +€30 | +6.4% |
| Suppliers | 440/4 | €466 | €496 | +€30 | +6.4% |
| Taxes, remuneration and social security | 45 | €183 | €0 | -€183 | -100% |
| Taxes | 450/3 | €183 | €0 | -€183 | -100% |
| Other amounts payable | 47/48 | - | €614,998 | +€614,998 | |
| Accrued charges and deferred income | 492/3 | €2,378 | €0 | -€2,378 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378 | €31,546 | +€31,168 | +8,236% |
| Other operating charges | 640/8 | €3,459 | €6,241 | +€2,782 | +80.4% |
| Gross operating margin | 9900 | €16,984 | €62,834 | +€45,851 | +270% |
| Operating profit (loss) | 9901 | €13,146 | €25,047 | +€11,901 | +90.5% |
| Financial income | 75/76B | €65 | €0 | -€65 | -100% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -100% |
| Financial charges | 65/66B | €10,888 | €18,578 | +€7,690 | +70.6% |
| Recurring financial charges | 65 | €10,888 | €18,578 | +€7,690 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €2,323 | €6,469 | +€4,145 | +178% |
| Profit (loss) for the period | 9904 | €2,323 | €6,469 | +€4,145 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €2,323 | €6,469 | +€4,145 | +178% |
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 21 October 2026 via checked.be.