VijftigVijftig: 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.
VijftigVijftig
Largest movements
- Receivables after one year -€24,000
down €24,000 (-100%), from €24,000 to €0
- Tangible fixed assets -€11,997
down €11,997 (-3.4%), from €348,823 to €336,827
of which Land and buildings: -€15,968
- Receivables within one year +€4,528
up €4,528 (+185%), from €2,447 to €6,975
of which Trade receivables: +€2,731
- Debts after one year -€27,860
down €27,860 (-59.2%), from €47,099 to €19,239
- Tax, wage and social debts -€9,128
down €9,128 (-52.4%), from €17,421 to €8,294
- Reserves +€7,000
up €7,000 (+2.2%), from €324,860 to €331,860
- Gross operating margin +€15,227
up €15,227 (+24.7%), from €61,738 to €76,965
- Taxes +€2,799
up €2,799 (+22.7%), from €12,318 to €15,117
- Financial income -€2,387
down €2,387 (-97.9%), from €2,438 to €51
- Depreciation +€2,192
up €2,192 (+10.7%), from €20,403 to €22,595
- Financial charges -€1,553
down €1,553 (-33.9%), from €4,575 to €3,022
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 | €447,648 | €413,244 | -€34,403 | -7.7% |
| Fixed assets | 21/28 | €348,823 | €336,827 | -€11,997 | -3.4% |
| Tangible fixed assets | 22/27 | €348,823 | €336,827 | -€11,997 | -3.4% |
| Land and buildings | 22 | €327,782 | €311,814 | -€15,968 | -4.9% |
| Plant, machinery and equipment | 23 | €8,526 | €7,330 | -€1,196 | -14.0% |
| Furniture and vehicles | 24 | €12,515 | €17,683 | +€5,168 | +41.3% |
| Current assets | 29/58 | €98,824 | €76,418 | -€22,407 | -22.7% |
| Amounts receivable after more than one year | 29 | €24,000 | €0 | -€24,000 | -100% |
| Other amounts receivable | 291 | €24,000 | €0 | -€24,000 | -100% |
| Amounts receivable within one year | 40/41 | €2,447 | €6,975 | +€4,528 | +185% |
| Trade receivables | 40 | €2,447 | €5,178 | +€2,731 | +112% |
| Other amounts receivable | 41 | - | €1,797 | +€1,797 | |
| Cash at bank and in hand | 54/58 | €70,062 | €67,543 | -€2,519 | -3.6% |
| Deferred charges and accrued income | 490/1 | €2,316 | €1,899 | -€416 | -18.0% |
| Total equity and liabilities | 10/49 | €447,648 | €413,244 | -€34,403 | -7.7% |
| Equity | 10/15 | €346,194 | €353,572 | +€7,378 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,860 | €331,860 | +€7,000 | +2.2% |
| Distributable reserves | 133 | €324,860 | €331,860 | +€7,000 | +2.2% |
| Profit (loss) carried forward | 14 | €2,734 | €3,112 | +€378 | +13.8% |
| Amounts payable | 17/49 | €101,454 | €59,672 | -€41,781 | -41.2% |
| Amounts payable after more than one year | 17 | €47,099 | €19,239 | -€27,860 | -59.2% |
| Financial debts | 170/4 | €47,099 | €19,239 | -€27,860 | -59.2% |
| Amounts payable within one year | 42/48 | €51,762 | €38,166 | -€13,597 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €29,211 | €27,860 | -€1,352 | -4.6% |
| Trade debts | 44 | €3,516 | €663 | -€2,854 | -81.2% |
| Suppliers | 440/4 | €3,516 | €663 | -€2,854 | -81.2% |
| Taxes, remuneration and social security | 45 | €17,421 | €8,294 | -€9,128 | -52.4% |
| Taxes | 450/3 | €17,421 | €8,294 | -€9,128 | -52.4% |
| Other amounts payable | 47/48 | €1,613 | €1,350 | -€263 | -16.3% |
| Accrued charges and deferred income | 492/3 | €2,593 | €2,268 | -€325 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,403 | €22,595 | +€2,192 | +10.7% |
| Other operating charges | 640/8 | €1,787 | €1,903 | +€117 | +6.5% |
| Gross operating margin | 9900 | €61,738 | €76,965 | +€15,227 | +24.7% |
| Operating profit (loss) | 9901 | €39,548 | €52,466 | +€12,919 | +32.7% |
| Financial income | 75/76B | €2,438 | €51 | -€2,387 | -97.9% |
| Recurring financial income | 75 | €2,438 | €51 | -€2,387 | -97.9% |
| Financial charges | 65/66B | €4,575 | €3,022 | -€1,553 | -33.9% |
| Recurring financial charges | 65 | €4,575 | €3,022 | -€1,553 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €37,411 | €49,495 | +€12,084 | +32.3% |
| Income taxes | 67/77 | €12,318 | €15,117 | +€2,799 | +22.7% |
| Profit (loss) for the period | 9904 | €25,093 | €34,378 | +€9,285 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,093 | €34,378 | +€9,285 | +37.0% |
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 17 October 2026 via checked.be.