VALUES: 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.
VALUES
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€118,752
down €118,752 (-76.3%), from €155,579 to €36,827
mainly Current investments (-€120,000) and Net result for the year (-€11,218)
- Tangible fixed assets -€12,597
down €12,597 (-6.4%), from €195,337 to €182,739
of which Land and buildings: -€6,959
- Reserves -€11,218
down €11,218 (-3.9%), from €284,894 to €273,676
of which Distributable reserves: -€11,218
- Gross operating margin -€591
down €591 (-8.0%), from €7,430 to €6,839
- Depreciation +€438
up €438 (+2.9%), from €15,091 to €15,529
- Other operating charges +€75
up €75 (+3.1%), from €2,424 to €2,499
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 | €354,222 | €345,345 | -€8,877 | -2.5% |
| Fixed assets | 21/28 | €195,337 | €182,739 | -€12,597 | -6.4% |
| Tangible fixed assets | 22/27 | €195,337 | €182,739 | -€12,597 | -6.4% |
| Land and buildings | 22 | €103,887 | €96,928 | -€6,959 | -6.7% |
| Plant, machinery and equipment | 23 | €91,450 | €85,812 | -€5,638 | -6.2% |
| Current assets | 29/58 | €158,885 | €162,605 | +€3,720 | +2.3% |
| Amounts receivable within one year | 40/41 | €3,023 | €5,458 | +€2,435 | +80.5% |
| Trade receivables | 40 | €3,023 | €5,091 | +€2,068 | +68.4% |
| Other amounts receivable | 41 | €0 | €366 | +€366 | |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €155,579 | €36,827 | -€118,752 | -76.3% |
| Deferred charges and accrued income | 490/1 | €283 | €320 | +€38 | +13.3% |
| Total equity and liabilities | 10/49 | €354,222 | €345,345 | -€8,877 | -2.5% |
| Equity | 10/15 | €352,894 | €341,676 | -€11,218 | -3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €284,894 | €273,676 | -€11,218 | -3.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €278,694 | €267,476 | -€11,218 | -4.0% |
| Amounts payable | 17/49 | €1,328 | €3,669 | +€2,341 | +176.3% |
| Amounts payable within one year | 42/48 | €1,328 | €2,719 | +€1,391 | +104.8% |
| Trade debts | 44 | €1,300 | €2,719 | +€1,419 | +109.1% |
| Suppliers | 440/4 | €1,300 | €2,719 | +€1,419 | +109.1% |
| Taxes, remuneration and social security | 45 | €28 | €0 | -€28 | -100.0% |
| Taxes | 450/3 | €28 | €0 | -€28 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,091 | €15,529 | +€438 | +2.9% |
| Other operating charges | 640/8 | €2,424 | €2,499 | +€75 | +3.1% |
| Gross operating margin | 9900 | €7,430 | €6,839 | -€591 | -8.0% |
| Operating profit (loss) | 9901 | -€10,085 | -€11,188 | -€1,104 | -10.9% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,113 | -€11,218 | -€1,105 | -10.9% |
| Profit (loss) for the period | 9904 | -€10,113 | -€11,218 | -€1,105 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,113 | -€11,218 | -€1,105 | -10.9% |
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 7 October 2026 via checked.be.