Unit 13: 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.
Unit 13
Largest movements
- Cash -€52,683
down €52,683 (-61.6%), from €85,507 to €32,824
mainly Contributions, distributions and other (-€241,399) and Current portion of long-term debt (-€14,321)
- Tangible fixed assets -€15,992
down €15,992 (-3.5%), from €461,146 to €445,155
- Reserves -€194,134
down €194,134 (-80.4%), from €241,399 to €47,265
- Other debts +€139,266
up €139,266 (+175.5%), from €79,340 to €218,606
- Current portion of long-term debt -€14,321
down €14,321 (-100.0%), from €14,321 to €0
- Gross operating margin -€16,935
down €16,935 (-16.0%), from €105,921 to €88,986
- Taxes -€3,881
down €3,881 (-19.8%), from €19,636 to €15,755
- Financial charges -€2,801
down €2,801 (-43.1%), from €6,502 to €3,700
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 | €547,460 | €478,279 | -€69,181 | -12.6% |
| Fixed assets | 21/28 | €461,146 | €445,155 | -€15,992 | -3.5% |
| Tangible fixed assets | 22/27 | €461,146 | €445,155 | -€15,992 | -3.5% |
| Land and buildings | 22 | €461,146 | €445,155 | -€15,992 | -3.5% |
| Current assets | 29/58 | €86,314 | €33,124 | -€53,190 | -61.6% |
| Amounts receivable within one year | 40/41 | €807 | €300 | -€507 | -62.8% |
| Other amounts receivable | 41 | €807 | €300 | -€507 | -62.8% |
| Cash at bank and in hand | 54/58 | €85,507 | €32,824 | -€52,683 | -61.6% |
| Total equity and liabilities | 10/49 | €547,460 | €478,279 | -€69,181 | -12.6% |
| Equity | 10/15 | €441,399 | €247,265 | -€194,134 | -44.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €241,399 | €47,265 | -€194,134 | -80.4% |
| Distributable reserves | 133 | €241,399 | €47,265 | -€194,134 | -80.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €106,061 | €231,014 | +€124,953 | +117.8% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,061 | €222,014 | +€124,953 | +128.7% |
| Current portion of amounts payable after more than one year | 42 | €14,321 | €0 | -€14,321 | -100.0% |
| Trade debts | 44 | €0 | €811 | +€811 | |
| Suppliers | 440/4 | €0 | €811 | +€811 | |
| Taxes, remuneration and social security | 45 | €3,400 | €2,597 | -€803 | -23.6% |
| Taxes | 450/3 | €3,400 | €2,597 | -€803 | -23.6% |
| Other amounts payable | 47/48 | €79,340 | €218,606 | +€139,266 | +175.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,992 | €15,992 | = | 0.0% |
| Other operating charges | 640/8 | €6,085 | €6,274 | +€189 | +3.1% |
| Gross operating margin | 9900 | €105,921 | €88,986 | -€16,935 | -16.0% |
| Operating profit (loss) | 9901 | €83,845 | €66,720 | -€17,125 | -20.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €6,502 | €3,700 | -€2,801 | -43.1% |
| Recurring financial charges | 65 | €6,502 | €3,700 | -€2,801 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €77,343 | €63,020 | -€14,323 | -18.5% |
| Income taxes | 67/77 | €19,636 | €15,755 | -€3,881 | -19.8% |
| Profit (loss) for the period | 9904 | €57,707 | €47,265 | -€10,442 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,707 | €47,265 | -€10,442 | -18.1% |
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.