TOP SPOTS: 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.
TOP SPOTS
Largest movements
- Tangible fixed assets +€15.0m
up €15.0m (+31830.8%), from €47,084 to €15.0m
of which Other tangible fixed assets: +€15.0m
- Current investments -€11.0m
down €11.0m (-100.0%), from €11.0m to €0
- Financial fixed assets +€4.9m
up €4.9m (+139.7%), from €3.5m to €8.4m
- Contributions +€9.5m
up €9.5m (+61.4%), from €15.4m to €24.9m
- Profit (loss) carried forward -€742,598
down €742,598 (-168.2%), from -€441,553 to -€1.2m
- Gross operating margin -€675,699
down €675,699, from €228,694 to -€447,006
- Financial income +€115,937
up €115,937 (+1835.4%), from €6,317 to €122,253
- Staff costs -€10,411
down €10,411 (-2.6%), from €406,048 to €395,637
- Other operating charges +€5,508
up €5,508 (+905.5%), from €608 to €6,116
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 | €15,125,462 | €23,951,938 | +€8.8m | +58.4% |
| Fixed assets | 21/28 | €3,545,052 | €23,418,660 | +€19.9m | +560.6% |
| Tangible fixed assets | 22/27 | €47,084 | €15,034,247 | +€15.0m | +31830.8% |
| Furniture and vehicles | 24 | €47,084 | €34,247 | -€12,837 | -27.3% |
| Other tangible fixed assets | 26 | - | €15,000,000 | +€15.0m | |
| Financial fixed assets | 28 | €3,497,968 | €8,384,413 | +€4.9m | +139.7% |
| Current assets | 29/58 | €11,580,410 | €533,278 | -€11.0m | -95.4% |
| Amounts receivable within one year | 40/41 | €212,444 | €274,442 | +€61,998 | +29.2% |
| Trade receivables | 40 | €210,055 | €242,000 | +€31,945 | +15.2% |
| Other amounts receivable | 41 | €2,389 | €32,442 | +€30,053 | +1257.9% |
| Current investments | 50/53 | €11,000,000 | €0 | -€11.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €363,544 | €258,836 | -€104,709 | -28.8% |
| Deferred charges and accrued income | 490/1 | €4,422 | €0 | -€4,422 | -100.0% |
| Total equity and liabilities | 10/49 | €15,125,462 | €23,951,938 | +€8.8m | +58.4% |
| Equity | 10/15 | €14,958,447 | €23,665,850 | +€8.7m | +58.2% |
| Contributions | 10/11 | €15,400,000 | €24,850,000 | +€9.5m | +61.4% |
| Profit (loss) carried forward | 14 | -€441,553 | -€1,184,150 | -€742,598 | -168.2% |
| Amounts payable | 17/49 | €167,014 | €286,088 | +€119,074 | +71.3% |
| Amounts payable after more than one year | 17 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts payable | 178/9 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts payable within one year | 42/48 | €136,779 | €286,088 | +€149,310 | +109.2% |
| Trade debts | 44 | €13,923 | €135,032 | +€121,108 | +869.8% |
| Suppliers | 440/4 | €13,923 | €135,032 | +€121,108 | +869.8% |
| Taxes, remuneration and social security | 45 | €122,616 | €151,057 | +€28,441 | +23.2% |
| Taxes | 450/3 | €41,339 | €103,696 | +€62,357 | +150.8% |
| Remuneration and social security | 454/9 | €81,277 | €47,361 | -€33,917 | -41.7% |
| Other amounts payable | 47/48 | €239 | €0 | -€239 | -100.0% |
| Accrued charges and deferred income | 492/3 | €236 | €0 | -€236 | -100.0% |
| Remuneration, social security and pensions | 62 | €406,048 | €395,637 | -€10,411 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,356 | €12,844 | -€512 | -3.8% |
| Other operating charges | 640/8 | €608 | €6,116 | +€5,508 | +905.5% |
| Gross operating margin | 9900 | €228,694 | -€447,006 | -€675,699 | |
| Operating profit (loss) | 9901 | -€191,318 | -€861,603 | -€670,284 | -350.4% |
| Financial income | 75/76B | €6,317 | €122,253 | +€115,937 | +1835.4% |
| Recurring financial income | 75 | €6,317 | €122,253 | +€115,937 | +1835.4% |
| Financial charges | 65/66B | €867 | €2,857 | +€1,989 | +229.4% |
| Recurring financial charges | 65 | €867 | €2,857 | +€1,989 | +229.4% |
| Profit (loss) for the period before taxes | 9903 | -€185,869 | -€742,206 | -€556,337 | -299.3% |
| Income taxes | 67/77 | €211 | €392 | +€181 | +85.9% |
| Profit (loss) for the period | 9904 | -€186,079 | -€742,598 | -€556,518 | -299.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,079 | -€742,598 | -€556,518 | -299.1% |
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 4 October 2026 via checked.be.