THE SPECIAL ONE: 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 SPECIAL ONE
Largest movements
- Current investments +€35,000
up €35,000 (+30.4%), from €115,000 to €150,000
- Tangible fixed assets +€32,987
up €32,987 (+18.3%), from €180,128 to €213,114
of which Land and buildings: +€33,385
- Receivables within one year -€9,049
down €9,049 (-5.5%), from €163,567 to €154,518
of which Trade receivables: -€48,145
- Other debts +€100,248
up €100,248 (+2,519%), from €3,979 to €104,227
- Tax, wage and social debts -€56,469
down €56,469 (-82.4%), from €68,513 to €12,044
of which Taxes: -€51,959
- Trade debts +€16,836
up €16,836 (+87.2%), from €19,317 to €36,153
- Debts after one year +€11,884
up €11,884 (+11.4%), from €104,158 to €116,042
- Profit (loss) carried forward -€11,665
down €11,665 (-4.0%), from €288,217 to €276,553
- Gross operating margin -€72,480
down €72,480 (-36.3%), from €199,551 to €127,071
- Taxes -€20,678
down €20,678 (-46.6%), from €44,420 to €23,742
- Other operating charges +€2,137
up €2,137 (+140%), from €1,528 to €3,665
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 | €521,927 | €585,251 | +€63,324 | +12.1% |
| Fixed assets | 21/28 | €180,207 | €213,193 | +€32,987 | +18.3% |
| Tangible fixed assets | 22/27 | €180,128 | €213,114 | +€32,987 | +18.3% |
| Land and buildings | 22 | €179,041 | €212,426 | +€33,385 | +18.6% |
| Plant, machinery and equipment | 23 | €1,087 | €689 | -€399 | -36.7% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €341,720 | €372,058 | +€30,337 | +8.9% |
| Amounts receivable within one year | 40/41 | €163,567 | €154,518 | -€9,049 | -5.5% |
| Trade receivables | 40 | €148,803 | €100,658 | -€48,145 | -32.4% |
| Other amounts receivable | 41 | €14,764 | €53,860 | +€39,096 | +265% |
| Current investments | 50/53 | €115,000 | €150,000 | +€35,000 | +30.4% |
| Cash at bank and in hand | 54/58 | €63,153 | €67,540 | +€4,387 | +6.9% |
| Total equity and liabilities | 10/49 | €521,927 | €585,251 | +€63,324 | +12.1% |
| Equity | 10/15 | €308,677 | €297,013 | -€11,665 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,217 | €276,553 | -€11,665 | -4.0% |
| Amounts payable | 17/49 | €213,250 | €288,238 | +€74,988 | +35.2% |
| Amounts payable after more than one year | 17 | €104,158 | €116,042 | +€11,884 | +11.4% |
| Financial debts | 170/4 | €104,158 | €116,042 | +€11,884 | +11.4% |
| Amounts payable within one year | 42/48 | €107,742 | €172,197 | +€64,454 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €15,932 | €19,772 | +€3,840 | +24.1% |
| Trade debts | 44 | €19,317 | €36,153 | +€16,836 | +87.2% |
| Suppliers | 440/4 | €19,317 | €36,153 | +€16,836 | +87.2% |
| Taxes, remuneration and social security | 45 | €68,513 | €12,044 | -€56,469 | -82.4% |
| Taxes | 450/3 | €64,004 | €12,044 | -€51,959 | -81.2% |
| Remuneration and social security | 454/9 | €4,510 | - | -€4,510 | |
| Other amounts payable | 47/48 | €3,979 | €104,227 | +€100,248 | +2,519% |
| Accrued charges and deferred income | 492/3 | €1,350 | €0 | -€1,350 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,910 | €9,846 | +€936 | +10.5% |
| Other operating charges | 640/8 | €1,528 | €3,665 | +€2,137 | +140% |
| Gross operating margin | 9900 | €199,551 | €127,071 | -€72,480 | -36.3% |
| Operating profit (loss) | 9901 | €189,114 | €113,561 | -€75,553 | -40.0% |
| Financial income | 75/76B | €1,222 | €2,274 | +€1,052 | +86.1% |
| Recurring financial income | 75 | €1,222 | €2,274 | +€1,052 | +86.1% |
| Financial charges | 65/66B | €3,138 | €3,758 | +€619 | +19.7% |
| Recurring financial charges | 65 | €3,138 | €3,758 | +€619 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €187,198 | €112,077 | -€75,121 | -40.1% |
| Income taxes | 67/77 | €44,420 | €23,742 | -€20,678 | -46.6% |
| Profit (loss) for the period | 9904 | €142,778 | €88,335 | -€54,442 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €142,778 | €88,335 | -€54,442 | -38.1% |
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 25 October 2026 via checked.be.