TRAIT D'ESPRIT: 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.
TRAIT D'ESPRIT
Largest movements
- Cash -€17,275
down €17,275 (-31.7%), from €54,524 to €37,249
mainly Other debts (-€13,689) and Debts after one year (-€9,967)
- Tangible fixed assets -€7,585
down €7,585 (-2.2%), from €346,211 to €338,626
of which Land and buildings: -€7,379
- Receivables within one year +€7,084
up €7,084 (+10.2%), from €69,156 to €76,241
- Reserves +€14,016
up €14,016 (+6.3%), from €223,526 to €237,542
of which Distributable reserves: +€14,016
- Other debts -€13,689
down €13,689 (-98.9%), from €13,840 to €152
- Debts after one year -€9,967
down €9,967 (-16.9%), from €58,844 to €48,877
- Tax, wage and social debts -€6,956
down €6,956 (-34.0%), from €20,443 to €13,487
- Gross operating margin +€3,448
up €3,448 (+8.4%), from €40,910 to €44,358
- Taxes +€497
up €497 (+6.3%), from €7,924 to €8,421
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 | €474,321 | €458,863 | -€15,458 | -3.3% |
| Fixed assets | 21/28 | €348,590 | €338,626 | -€9,964 | -2.9% |
| Tangible fixed assets | 22/27 | €346,211 | €338,626 | -€7,585 | -2.2% |
| Land and buildings | 22 | €271,289 | €263,910 | -€7,379 | -2.7% |
| Furniture and vehicles | 24 | €16,639 | €23,423 | +€6,784 | +40.8% |
| Other tangible fixed assets | 26 | €58,284 | €51,294 | -€6,990 | -12.0% |
| Financial fixed assets | 28 | €2,379 | - | -€2,379 | |
| Current assets | 29/58 | €125,731 | €120,237 | -€5,494 | -4.4% |
| Amounts receivable within one year | 40/41 | €69,156 | €76,241 | +€7,084 | +10.2% |
| Trade receivables | 40 | €69,156 | €76,241 | +€7,084 | +10.2% |
| Current investments | 50/53 | €1,921 | €1,940 | +€20 | +1.0% |
| Cash at bank and in hand | 54/58 | €54,524 | €37,249 | -€17,275 | -31.7% |
| Deferred charges and accrued income | 490/1 | €130 | €4,807 | +€4,677 | +3598.0% |
| Total equity and liabilities | 10/49 | €474,321 | €458,863 | -€15,458 | -3.3% |
| Equity | 10/15 | €230,131 | €244,148 | +€14,016 | +6.1% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €223,526 | €237,542 | +€14,016 | +6.3% |
| Tax-exempt reserves | 132 | €53,993 | €53,993 | = | 0.0% |
| Distributable reserves | 133 | €169,533 | €183,550 | +€14,016 | +8.3% |
| Provisions and deferred taxes | 16 | €119,175 | €119,175 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €119,175 | €119,175 | = | 0.0% |
| Pensions and similar obligations | 160 | €119,175 | €119,175 | = | 0.0% |
| Amounts payable | 17/49 | €125,015 | €95,541 | -€29,474 | -23.6% |
| Amounts payable after more than one year | 17 | €58,844 | €48,877 | -€9,967 | -16.9% |
| Financial debts | 170/4 | €58,844 | €48,877 | -€9,967 | -16.9% |
| Amounts payable within one year | 42/48 | €66,171 | €46,664 | -€19,507 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €9,858 | €9,967 | +€109 | +1.1% |
| Trade debts | 44 | €22,029 | €23,057 | +€1,028 | +4.7% |
| Suppliers | 440/4 | €22,029 | €23,057 | +€1,028 | +4.7% |
| Taxes, remuneration and social security | 45 | €20,443 | €13,487 | -€6,956 | -34.0% |
| Taxes | 450/3 | €20,443 | €13,487 | -€6,956 | -34.0% |
| Other amounts payable | 47/48 | €13,840 | €152 | -€13,689 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,089 | €18,188 | +€100 | +0.6% |
| Other operating charges | 640/8 | €3,096 | €2,930 | -€167 | -5.4% |
| Gross operating margin | 9900 | €40,910 | €44,358 | +€3,448 | +8.4% |
| Operating profit (loss) | 9901 | €19,725 | €23,240 | +€3,515 | +17.8% |
| Financial income | 75/76B | €13 | €27 | +€14 | +111.2% |
| Recurring financial income | 75 | €13 | €27 | +€14 | +111.2% |
| Financial charges | 65/66B | €1,012 | €830 | -€183 | -18.0% |
| Recurring financial charges | 65 | €1,012 | €830 | -€183 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €18,726 | €22,438 | +€3,712 | +19.8% |
| Income taxes | 67/77 | €7,924 | €8,421 | +€497 | +6.3% |
| Profit (loss) for the period | 9904 | €10,801 | €14,016 | +€3,215 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,801 | €14,016 | +€3,215 | +29.8% |
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 9 October 2026 via checked.be.