TOPVIEW: 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.
TOPVIEW
Largest movements
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Receivables within one year +€310,053
up €310,053 (+194%), from €159,500 to €469,553
of which Other amounts receivable: +€370,553
- Cash +€213,346
up €213,346 (+68.3%), from €312,575 to €525,922
mainly Current investments (+€500,000) and Net result for the year (+€72,232)
- Financial fixed assets +€30,336
up €30,336 (+84.3%), from €36,001 to €66,337
- Tangible fixed assets -€28,431
down €28,431 (-3.0%), from €938,807 to €910,375
of which Land and buildings: -€26,942
- Reserves +€72,232
up €72,232 (+38.9%), from €185,803 to €258,034
of which Distributable reserves: +€72,232
- Debts after one year -€48,509
down €48,509 (-11.2%), from €433,091 to €384,583
- Trade debts +€23,145
up €23,145 (+208%), from €11,146 to €34,291
- Other debts -€21,277
down €21,277 (-2.5%), from €841,711 to €820,434
- Financial income -€101,081
down €101,081 (-91.5%), from €110,457 to €9,375
- Financial charges +€7,481
up €7,481 (+5.5%), from €135,327 to €142,808
of which Financial charges: +€7,481
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 | €1,948,080 | €1,974,420 | +€26,340 | +1.4% |
| Fixed assets | 21/28 | €974,808 | €976,712 | +€1,905 | +0.2% |
| Tangible fixed assets | 22/27 | €938,807 | €910,375 | -€28,431 | -3.0% |
| Land and buildings | 22 | €923,357 | €896,414 | -€26,942 | -2.9% |
| Plant, machinery and equipment | 23 | €4,873 | €4,710 | -€163 | -3.3% |
| Furniture and vehicles | 24 | €10,577 | €9,251 | -€1,326 | -12.5% |
| Financial fixed assets | 28 | €36,001 | €66,337 | +€30,336 | +84.3% |
| Current assets | 29/58 | €973,273 | €997,708 | +€24,435 | +2.5% |
| Amounts receivable within one year | 40/41 | €159,500 | €469,553 | +€310,053 | +194% |
| Trade receivables | 40 | €60,500 | €0 | -€60,500 | -100% |
| Other amounts receivable | 41 | €99,000 | €469,553 | +€370,553 | +374% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €312,575 | €525,922 | +€213,346 | +68.3% |
| Deferred charges and accrued income | 490/1 | €1,197 | €2,233 | +€1,036 | +86.5% |
| Total equity and liabilities | 10/49 | €1,948,080 | €1,974,420 | +€26,340 | +1.4% |
| Equity | 10/15 | €550,061 | €622,293 | +€72,232 | +13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €185,803 | €258,034 | +€72,232 | +38.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €183,803 | €256,034 | +€72,232 | +39.3% |
| Profit (loss) carried forward | 14 | €344,259 | €344,259 | = | 0.0% |
| Amounts payable | 17/49 | €1,398,019 | €1,352,128 | -€45,892 | -3.3% |
| Amounts payable after more than one year | 17 | €433,091 | €384,583 | -€48,509 | -11.2% |
| Financial debts | 170/4 | €433,091 | €384,583 | -€48,509 | -11.2% |
| Amounts payable within one year | 42/48 | €964,928 | €967,359 | +€2,431 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €47,785 | €48,509 | +€724 | +1.5% |
| Trade debts | 44 | €11,146 | €34,291 | +€23,145 | +208% |
| Suppliers | 440/4 | €11,146 | €34,291 | +€23,145 | +208% |
| Taxes, remuneration and social security | 45 | €64,285 | €64,124 | -€161 | -0.3% |
| Taxes | 450/3 | €64,285 | €64,124 | -€161 | -0.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €841,711 | €820,434 | -€21,277 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €186 | +€186 | |
| Non-recurring operating income | 76A | €3,052 | €0 | -€3,052 | -100% |
| Remuneration, social security and pensions | 62 | €7,466 | €7,727 | +€261 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,051 | €29,562 | +€512 | +1.8% |
| Other operating charges | 640/8 | €3,241 | €3,352 | +€111 | +3.4% |
| Gross operating margin | 9900 | €301,509 | €299,318 | -€2,191 | -0.7% |
| Operating profit (loss) | 9901 | €261,751 | €258,677 | -€3,075 | -1.2% |
| Financial income | 75/76B | €110,457 | €9,375 | -€101,081 | -91.5% |
| Recurring financial income | 75 | €110,457 | €9,375 | -€101,081 | -91.5% |
| Financial charges | 65/66B | €135,327 | €142,808 | +€7,481 | +5.5% |
| Recurring financial charges | 65 | €135,327 | €142,808 | +€7,481 | +5.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €236,881 | €125,244 | -€111,637 | -47.1% |
| Income taxes | 67/77 | €53,078 | €53,013 | -€66 | -0.1% |
| Profit (loss) for the period | 9904 | €183,803 | €72,232 | -€111,571 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €183,803 | €72,232 | -€111,571 | -60.7% |
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 19 October 2026 via checked.be.