Unit 1: 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.
Unit 1
Largest movements
- Tangible fixed assets -€13,443
down €13,443 (-5.7%), from €237,834 to €224,390
of which Land and buildings: -€12,317
- Cash +€6,106
up €6,106 (+40.5%), from €15,084 to €21,191
mainly Depreciation (+€14,665) and Net result for the year (+€9,184)
- Debts after one year -€15,035
down €15,035 (-11.4%), from €132,440 to €117,405
- Profit (loss) carried forward +€9,184
up €9,184 (+125.7%), from €7,307 to €16,491
- Other debts -€5,062
down €5,062 (-22.9%), from €22,080 to €17,018
- Tax, wage and social debts +€2,962
up €2,962 (+77.9%), from €3,803 to €6,765
of which Taxes: +€2,962
- Gross operating margin +€2,471
up €2,471 (+8.2%), from €30,006 to €32,478
- Taxes +€1,450
up €1,450 (+55.7%), from €2,601 to €4,051
- Depreciation -€1,050
down €1,050 (-6.7%), from €15,716 to €14,665
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 | €256,146 | €249,336 | -€6,810 | -2.7% |
| Fixed assets | 21/28 | €237,834 | €224,390 | -€13,443 | -5.7% |
| Tangible fixed assets | 22/27 | €237,834 | €224,390 | -€13,443 | -5.7% |
| Land and buildings | 22 | €223,359 | €211,042 | -€12,317 | -5.5% |
| Plant, machinery and equipment | 23 | €13,820 | €11,873 | -€1,947 | -14.1% |
| Furniture and vehicles | 24 | €655 | €1,475 | +€820 | +125.3% |
| Current assets | 29/58 | €18,312 | €24,945 | +€6,633 | +36.2% |
| Stocks and contracts in progress | 3 | €1,695 | €1,748 | +€53 | +3.1% |
| Stocks | 30/36 | €1,695 | €1,748 | +€53 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,415 | €1,594 | +€179 | +12.6% |
| Trade receivables | 40 | €763 | €1,173 | +€410 | +53.8% |
| Other amounts receivable | 41 | €652 | €421 | -€231 | -35.5% |
| Cash at bank and in hand | 54/58 | €15,084 | €21,191 | +€6,106 | +40.5% |
| Deferred charges and accrued income | 490/1 | €117 | €412 | +€295 | +251.1% |
| Total equity and liabilities | 10/49 | €256,146 | €249,336 | -€6,810 | -2.7% |
| Equity | 10/15 | €72,307 | €81,491 | +€9,184 | +12.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,307 | €16,491 | +€9,184 | +125.7% |
| Amounts payable | 17/49 | €183,839 | €167,845 | -€15,994 | -8.7% |
| Amounts payable after more than one year | 17 | €132,440 | €117,405 | -€15,035 | -11.4% |
| Financial debts | 170/4 | €132,440 | €117,405 | -€15,035 | -11.4% |
| Amounts payable within one year | 42/48 | €51,399 | €50,440 | -€959 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €14,700 | €15,035 | +€336 | +2.3% |
| Trade debts | 44 | €10,816 | €11,621 | +€805 | +7.4% |
| Suppliers | 440/4 | €10,816 | €11,621 | +€805 | +7.4% |
| Taxes, remuneration and social security | 45 | €3,803 | €6,765 | +€2,962 | +77.9% |
| Taxes | 450/3 | €3,803 | €6,765 | +€2,962 | +77.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,080 | €17,018 | -€5,062 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,716 | €14,665 | -€1,050 | -6.7% |
| Other operating charges | 640/8 | €1,670 | €1,642 | -€29 | -1.7% |
| Gross operating margin | 9900 | €30,006 | €32,478 | +€2,471 | +8.2% |
| Operating profit (loss) | 9901 | €12,620 | €16,171 | +€3,551 | +28.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | +376.2% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +376.2% |
| Financial charges | 65/66B | €3,240 | €2,938 | -€302 | -9.3% |
| Recurring financial charges | 65 | €3,240 | €2,938 | -€302 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €9,381 | €13,235 | +€3,854 | +41.1% |
| Income taxes | 67/77 | €2,601 | €4,051 | +€1,450 | +55.7% |
| Profit (loss) for the period | 9904 | €6,780 | €9,184 | +€2,404 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,780 | €9,184 | +€2,404 | +35.5% |
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.