THIRD PARTY MANAGEMENT: 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.
THIRD PARTY MANAGEMENT
Largest movements
- Cash +€43,255
up €43,255 (+152.4%), from €28,385 to €71,640
mainly Current investments (+€35,500) and Depreciation (+€11,320)
- Current investments -€35,500
down €35,500 (-62.8%), from €56,500 to €21,000
- Tangible fixed assets -€6,426
down €6,426 (-2.4%), from €267,196 to €260,770
of which Furniture and vehicles: -€4,798
- Profit (loss) carried forward -€4,005
down €4,005 (-19.9%), from €20,089 to €16,084
- Other debts +€4,000
up €4,000 (+3.0%), from €133,930 to €137,930
- Financial income -€3,868
down €3,868 (-61.7%), from €6,274 to €2,405
- Depreciation +€626
up €626 (+5.9%), from €10,693 to €11,320
- Gross operating margin +€405
up €405 (+8.0%), from €5,079 to €5,484
- Turnover +€396
up €396 (+2.8%), from €14,215 to €14,610
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.
Cash bridge derived
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 | €355,119 | €355,115 | -€5 | 0.0% |
| Fixed assets | 21/28 | €267,196 | €260,770 | -€6,426 | -2.4% |
| Tangible fixed assets | 22/27 | €267,196 | €260,770 | -€6,426 | -2.4% |
| Land and buildings | 22 | €252,802 | €251,174 | -€1,628 | -0.6% |
| Furniture and vehicles | 24 | €14,394 | €9,596 | -€4,798 | -33.3% |
| Current assets | 29/58 | €87,923 | €94,345 | +€6,422 | +7.3% |
| Amounts receivable within one year | 40/41 | €3,038 | €1,705 | -€1,333 | -43.9% |
| Other amounts receivable | 41 | €3,038 | €1,705 | -€1,333 | -43.9% |
| Current investments | 50/53 | €56,500 | €21,000 | -€35,500 | -62.8% |
| Cash at bank and in hand | 54/58 | €28,385 | €71,640 | +€43,255 | +152.4% |
| Total equity and liabilities | 10/49 | €355,119 | €355,115 | -€5 | 0.0% |
| Equity | 10/15 | €221,189 | €217,184 | -€4,005 | -1.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,100 | €1,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Legal reserve | 130 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,089 | €16,084 | -€4,005 | -19.9% |
| Amounts payable | 17/49 | €133,930 | €137,930 | +€4,000 | +3.0% |
| Amounts payable within one year | 42/48 | €133,930 | €137,930 | +€4,000 | +3.0% |
| Other amounts payable | 47/48 | €133,930 | €137,930 | +€4,000 | +3.0% |
| Turnover | 70 | €14,215 | €14,610 | +€396 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,136 | €9,126 | -€9 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,693 | €11,320 | +€626 | +5.9% |
| Other operating charges | 640/8 | €58 | - | -€58 | |
| Gross operating margin | 9900 | €5,079 | €5,484 | +€405 | +8.0% |
| Operating profit (loss) | 9901 | -€5,673 | -€5,836 | -€164 | -2.9% |
| Financial income | 75/76B | €6,274 | €2,405 | -€3,868 | -61.7% |
| Recurring financial income | 75 | €6,274 | €2,405 | -€3,868 | -61.7% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €601 | -€3,431 | -€4,032 | |
| Transfer to deferred taxes | 680 | €32 | €574 | +€543 | +1721.3% |
| Profit (loss) for the period | 9904 | €570 | -€4,005 | -€4,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €570 | -€4,005 | -€4,574 |
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 11 October 2026 via checked.be.