VERSION 6.5: 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.
VERSION 6.5
Largest movements
- Tangible fixed assets +€11,013
up €11,013 (+4.1%), from €271,350 to €282,363
of which Furniture and vehicles: +€21,970
- Other debts +€29,212
up €29,212 (+7144.0%), from €409 to €29,621
- Debts after one year -€14,378
down €14,378 (-6.4%), from €223,374 to €208,996
- Reserves -€10,100
down €10,100 (-11.3%), from €89,300 to €79,200
- Current portion of long-term debt +€7,746
up €7,746 (+40.4%), from €19,171 to €26,916
- Staff costs -€8,692
down €8,692 (-29.1%), from €29,891 to €21,199
- Gross operating margin -€4,022
down €4,022 (-5.3%), from €75,468 to €71,446
- Taxes +€1,251
up €1,251 (+18.4%), from €6,786 to €8,037
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 | €319,505 | €330,045 | +€10,540 | +3.3% |
| Fixed assets | 21/28 | €271,350 | €282,363 | +€11,013 | +4.1% |
| Tangible fixed assets | 22/27 | €271,350 | €282,363 | +€11,013 | +4.1% |
| Land and buildings | 22 | €268,267 | €257,310 | -€10,957 | -4.1% |
| Furniture and vehicles | 24 | €3,083 | €25,053 | +€21,970 | +712.6% |
| Current assets | 29/58 | €48,155 | €47,682 | -€473 | -1.0% |
| Amounts receivable within one year | 40/41 | €30,410 | €28,906 | -€1,505 | -4.9% |
| Trade receivables | 40 | €29,696 | €28,191 | -€1,505 | -5.1% |
| Other amounts receivable | 41 | €714 | €714 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,244 | €15,325 | +€81 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,501 | €3,451 | +€950 | +38.0% |
| Total equity and liabilities | 10/49 | €319,505 | €330,045 | +€10,540 | +3.3% |
| Equity | 10/15 | €58,178 | €48,100 | -€10,077 | -17.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €89,300 | €79,200 | -€10,100 | -11.3% |
| Distributable reserves | 133 | €89,300 | €79,200 | -€10,100 | -11.3% |
| Profit (loss) carried forward | 14 | -€32,122 | -€32,100 | +€23 | +0.1% |
| Amounts payable | 17/49 | €261,327 | €281,944 | +€20,617 | +7.9% |
| Amounts payable after more than one year | 17 | €223,374 | €208,996 | -€14,378 | -6.4% |
| Financial debts | 170/4 | €223,374 | €208,996 | -€14,378 | -6.4% |
| Amounts payable within one year | 42/48 | €37,954 | €72,948 | +€34,995 | +92.2% |
| Current portion of amounts payable after more than one year | 42 | €19,171 | €26,916 | +€7,746 | +40.4% |
| Trade debts | 44 | €2,496 | €646 | -€1,850 | -74.1% |
| Suppliers | 440/4 | €2,496 | €646 | -€1,850 | -74.1% |
| Taxes, remuneration and social security | 45 | €15,878 | €15,765 | -€112 | -0.7% |
| Taxes | 450/3 | €11,427 | €8,899 | -€2,529 | -22.1% |
| Remuneration and social security | 454/9 | €4,451 | €6,867 | +€2,416 | +54.3% |
| Other amounts payable | 47/48 | €409 | €29,621 | +€29,212 | +7144.0% |
| Remuneration, social security and pensions | 62 | €29,891 | €21,199 | -€8,692 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,333 | €14,312 | -€21 | -0.1% |
| Other operating charges | 640/8 | €1,627 | €1,550 | -€77 | -4.7% |
| Gross operating margin | 9900 | €75,468 | €71,446 | -€4,022 | -5.3% |
| Operating profit (loss) | 9901 | €29,617 | €34,384 | +€4,768 | +16.1% |
| Financial income | 75/76B | €4 | €2 | -€2 | -45.4% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -45.4% |
| Financial charges | 65/66B | €7,254 | €6,928 | -€326 | -4.5% |
| Recurring financial charges | 65 | €7,254 | €6,928 | -€326 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €22,367 | €27,459 | +€5,092 | +22.8% |
| Income taxes | 67/77 | €6,786 | €8,037 | +€1,251 | +18.4% |
| Profit (loss) for the period | 9904 | €15,582 | €19,423 | +€3,841 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,582 | €19,423 | +€3,841 | +24.6% |
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 6 October 2026 via checked.be.