THIRTY TWO: what changed
Two fiscal 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.
THIRTY TWO
Largest movements
- Tangible fixed assets -€1,647
down €1,647 (-11.0%), from €14,937 to €13,289
- Receivables within one year +€1,389
up €1,389 (+139.2%), from €998 to €2,387
- Cash -€430
down €430 (-21.8%), from €1,975 to €1,545
mainly Receivables within one year (-€1,389) and Other debts (-€870)
- Other debts -€870
down €870 (-5.9%), from €14,814 to €13,944
- Gross operating margin -€1,140
down €1,140 (-37.2%), from €3,062 to €1,922
- Depreciation -€824
down €824 (-33.3%), from €2,471 to €1,647
- Taxes -€66
down €66 (-36.9%), from €180 to €113
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 | €17,910 | €17,221 | -€688 | -3.8% |
| Fixed assets | 21/28 | €14,937 | €13,289 | -€1,647 | -11.0% |
| Tangible fixed assets | 22/27 | €14,937 | €13,289 | -€1,647 | -11.0% |
| Land and buildings | 22 | €6,741 | €6,527 | -€214 | -3.2% |
| Furniture and vehicles | 24 | €3,148 | €2,388 | -€760 | -24.2% |
| Other tangible fixed assets | 26 | €5,048 | €4,375 | -€673 | -13.3% |
| Current assets | 29/58 | €2,973 | €3,932 | +€959 | +32.3% |
| Amounts receivable within one year | 40/41 | €998 | €2,387 | +€1,389 | +139.2% |
| Trade receivables | 40 | €998 | €2,387 | +€1,389 | +139.2% |
| Cash at bank and in hand | 54/58 | €1,975 | €1,545 | -€430 | -21.8% |
| Total equity and liabilities | 10/49 | €17,910 | €17,221 | -€688 | -3.8% |
| Equity | 10/15 | €2,766 | €2,811 | +€45 | +1.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €266 | €311 | +€45 | +17.0% |
| Distributable reserves | 133 | €266 | €311 | +€45 | +17.0% |
| Amounts payable | 17/49 | €15,144 | €14,410 | -€733 | -4.8% |
| Amounts payable within one year | 42/48 | €15,144 | €14,410 | -€733 | -4.8% |
| Trade debts | 44 | €24 | - | -€24 | |
| Suppliers | 440/4 | €24 | - | -€24 | |
| Taxes, remuneration and social security | 45 | €306 | €466 | +€160 | +52.4% |
| Taxes | 450/3 | €306 | €466 | +€160 | +52.4% |
| Other amounts payable | 47/48 | €14,814 | €13,944 | -€870 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,471 | €1,647 | -€824 | -33.3% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €3,062 | €1,922 | -€1,140 | -37.2% |
| Operating profit (loss) | 9901 | €529 | €213 | -€316 | -59.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €84 | €54 | -€30 | -35.3% |
| Recurring financial charges | 65 | €84 | €54 | -€30 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €445 | €159 | -€287 | -64.4% |
| Income taxes | 67/77 | €180 | €113 | -€66 | -36.9% |
| Profit (loss) for the period | 9904 | €266 | €45 | -€220 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €266 | €45 | -€220 | -83.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.