The Vibe: 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 Vibe
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€72,188
down €72,188 (-4.4%), from €1.7m to €1.6m
- Debts after one year -€37,135
down €37,135 (-2.6%), from €1.4m to €1.4m
- Profit (loss) carried forward +€31,871
up €31,871 (+11.9%), from €266,869 to €298,740
- Accrued charges and deferred income +€22,835
up €22,835 (+37.9%), from €60,310 to €83,146
- Gross operating margin +€14,707
up €14,707 (+10.4%), from €141,717 to €156,424
- Taxes +€9,758
new in 2025: €9,758
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 | €1,797,637 | €1,818,183 | +€20,546 | +1.1% |
| Fixed assets | 21/28 | €1,650,636 | €1,578,447 | -€72,188 | -4.4% |
| Tangible fixed assets | 22/27 | €1,650,636 | €1,578,447 | -€72,188 | -4.4% |
| Land and buildings | 22 | €1,650,636 | €1,578,447 | -€72,188 | -4.4% |
| Current assets | 29/58 | €147,001 | €239,735 | +€92,734 | +63.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €147,001 | €139,735 | -€7,266 | -4.9% |
| Total equity and liabilities | 10/49 | €1,797,637 | €1,818,183 | +€20,546 | +1.1% |
| Equity | 10/15 | €273,069 | €304,940 | +€31,871 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,869 | €298,740 | +€31,871 | +11.9% |
| Amounts payable | 17/49 | €1,524,568 | €1,513,242 | -€11,325 | -0.7% |
| Amounts payable after more than one year | 17 | €1,427,839 | €1,390,704 | -€37,135 | -2.6% |
| Financial debts | 170/4 | €1,427,839 | €1,390,704 | -€37,135 | -2.6% |
| Amounts payable within one year | 42/48 | €36,419 | €39,393 | +€2,974 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €36,419 | €37,135 | +€717 | +2.0% |
| Taxes, remuneration and social security | 45 | - | €2,258 | +€2,258 | |
| Taxes | 450/3 | - | €2,258 | +€2,258 | |
| Accrued charges and deferred income | 492/3 | €60,310 | €83,146 | +€22,835 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,982 | €80,904 | +€921 | +1.2% |
| Other operating charges | 640/8 | €4,832 | €4,920 | +€88 | +1.8% |
| Gross operating margin | 9900 | €141,717 | €156,424 | +€14,707 | +10.4% |
| Operating profit (loss) | 9901 | €56,902 | €70,600 | +€13,698 | +24.1% |
| Financial charges | 65/66B | €29,747 | €28,971 | -€775 | -2.6% |
| Recurring financial charges | 65 | €29,747 | €28,971 | -€775 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €27,156 | €41,629 | +€14,473 | +53.3% |
| Income taxes | 67/77 | - | €9,758 | +€9,758 | |
| Profit (loss) for the period | 9904 | €27,156 | €31,871 | +€4,715 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,156 | €31,871 | +€4,715 | +17.4% |
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 21 October 2026 via checked.be.