Upstairs: 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.
Upstairs
Largest movements
- Tangible fixed assets -€21,143
down €21,143 (-3.7%), from €564,763 to €543,619
of which Land and buildings: -€22,222
- Cash -€12,771
down €12,771 (-75.7%), from €16,879 to €4,108
mainly Other debts (-€16,000) and Debts after one year (-€11,557)
- Other debts -€16,000
down €16,000 (-60.8%), from €26,297 to €10,297
- Debts after one year -€11,557
down €11,557 (-4.0%), from €288,286 to €276,728
- Financial charges -€879
down €879 (-6.1%), from €14,330 to €13,451
- Gross operating margin -€875
down €875 (-2.2%), from €39,752 to €38,877
- Taxes +€626
up €626 (+70.8%), from €884 to €1,510
- Depreciation -€508
down €508 (-2.2%), from €23,232 to €22,725
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 | €582,404 | €550,238 | -€32,166 | -5.5% |
| Fixed assets | 21/28 | €564,763 | €543,619 | -€21,143 | -3.7% |
| Tangible fixed assets | 22/27 | €564,763 | €543,619 | -€21,143 | -3.7% |
| Land and buildings | 22 | €564,763 | €542,541 | -€22,222 | -3.9% |
| Furniture and vehicles | 24 | - | €1,079 | +€1,079 | |
| Current assets | 29/58 | €17,641 | €6,618 | -€11,023 | -62.5% |
| Amounts receivable within one year | 40/41 | €489 | €2,232 | +€1,743 | +357% |
| Trade receivables | 40 | €489 | €741 | +€252 | +51.6% |
| Other amounts receivable | 41 | - | €1,491 | +€1,491 | |
| Cash at bank and in hand | 54/58 | €16,879 | €4,108 | -€12,771 | -75.7% |
| Deferred charges and accrued income | 490/1 | €273 | €279 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €582,404 | €550,238 | -€32,166 | -5.5% |
| Equity | 10/15 | €213,759 | €212,150 | -€1,609 | -0.8% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €193,299 | €193,550 | +€251 | +0.1% |
| Tax-exempt reserves | 132 | €116,607 | €110,470 | -€6,137 | -5.3% |
| Distributable reserves | 133 | €76,692 | €83,080 | +€6,389 | +8.3% |
| Provisions and deferred taxes | 16 | €38,869 | €36,823 | -€2,046 | -5.3% |
| Deferred taxes | 168 | €38,869 | €36,823 | -€2,046 | -5.3% |
| Amounts payable | 17/49 | €329,776 | €301,264 | -€28,512 | -8.6% |
| Amounts payable after more than one year | 17 | €288,286 | €276,728 | -€11,557 | -4.0% |
| Financial debts | 170/4 | €288,286 | €276,728 | -€11,557 | -4.0% |
| Amounts payable within one year | 42/48 | €41,490 | €24,536 | -€16,954 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €11,050 | €11,557 | +€508 | +4.6% |
| Trade debts | 44 | €3,086 | €2,076 | -€1,011 | -32.7% |
| Suppliers | 440/4 | €3,086 | €2,076 | -€1,011 | -32.7% |
| Taxes, remuneration and social security | 45 | €1,057 | €606 | -€451 | -42.7% |
| Taxes | 450/3 | €1,057 | €606 | -€451 | -42.7% |
| Other amounts payable | 47/48 | €26,297 | €10,297 | -€16,000 | -60.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,232 | €22,725 | -€508 | -2.2% |
| Other operating charges | 640/8 | €4,459 | €4,846 | +€387 | +8.7% |
| Gross operating margin | 9900 | €39,752 | €38,877 | -€875 | -2.2% |
| Operating profit (loss) | 9901 | €12,061 | €11,306 | -€755 | -6.3% |
| Financial charges | 65/66B | €14,330 | €13,451 | -€879 | -6.1% |
| Recurring financial charges | 65 | €14,330 | €13,451 | -€879 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,269 | -€2,145 | +€124 | +5.5% |
| Transfer from deferred taxes | 780 | €2,046 | €2,046 | +€0 | 0.0% |
| Income taxes | 67/77 | €884 | €1,510 | +€626 | +70.8% |
| Profit (loss) for the period | 9904 | -€1,107 | -€1,609 | -€501 | -45.3% |
| Transfer from tax-exempt reserves | 789 | €6,137 | €6,137 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,030 | €4,529 | -€501 | -10.0% |
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 18 October 2026 via checked.be.