VIRTUAL LAB: 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.
VIRTUAL LAB
Largest movements
- Tangible fixed assets -€12,984
down €12,984 (-3.5%), from €367,780 to €354,796
of which Land and buildings: -€12,144
- Receivables within one year -€5,530
down €5,530 (-15.8%), from €34,934 to €29,403
of which Trade receivables: -€5,118
- Debts after one year -€23,008
down €23,008 (-8.2%), from €280,597 to €257,589
of which Financial debts: -€27,433
- Reserves -€20,300
down €20,300 (-50.9%), from €39,860 to €19,560
- Other debts +€19,553
up €19,553 (+279%), from €7,020 to €26,573
- Trade debts +€5,036
up €5,036 (+35.5%), from €14,179 to €19,216
- Depreciation +€9,732
up €9,732 (+38.5%), from €25,303 to €35,035
- Taxes -€4,661
down €4,661 (-58.4%), from €7,981 to €3,321
- Financial charges +€3,654
up €3,654 (+39.1%), from €9,341 to €12,995
- Gross operating margin -€1,386
down €1,386 (-2.3%), from €59,645 to €58,259
- Other operating charges +€1,094
up €1,094 (+43.8%), from €2,498 to €3,592
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 | €490,641 | €474,406 | -€16,235 | -3.3% |
| Fixed assets | 21/28 | €367,865 | €354,881 | -€12,984 | -3.5% |
| Tangible fixed assets | 22/27 | €367,780 | €354,796 | -€12,984 | -3.5% |
| Land and buildings | 22 | €366,501 | €354,357 | -€12,144 | -3.3% |
| Furniture and vehicles | 24 | €1,279 | €439 | -€840 | -65.7% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €122,776 | €119,525 | -€3,252 | -2.6% |
| Amounts receivable within one year | 40/41 | €34,934 | €29,403 | -€5,530 | -15.8% |
| Trade receivables | 40 | €33,889 | €28,771 | -€5,118 | -15.1% |
| Other amounts receivable | 41 | €1,045 | €632 | -€412 | -39.5% |
| Cash at bank and in hand | 54/58 | €86,395 | €88,153 | +€1,758 | +2.0% |
| Deferred charges and accrued income | 490/1 | €1,447 | €1,968 | +€521 | +36.0% |
| Total equity and liabilities | 10/49 | €490,641 | €474,406 | -€16,235 | -3.3% |
| Equity | 10/15 | €144,748 | €124,454 | -€20,294 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,860 | €19,560 | -€20,300 | -50.9% |
| Distributable reserves | 133 | €39,860 | €19,560 | -€20,300 | -50.9% |
| Profit (loss) carried forward | 14 | €86,288 | €86,294 | +€6 | 0.0% |
| Amounts payable | 17/49 | €345,893 | €349,952 | +€4,059 | +1.2% |
| Amounts payable after more than one year | 17 | €280,597 | €257,589 | -€23,008 | -8.2% |
| Financial debts | 170/4 | €278,197 | €250,764 | -€27,433 | -9.9% |
| Other amounts payable | 178/9 | €2,400 | €6,825 | +€4,425 | +184% |
| Amounts payable within one year | 42/48 | €64,497 | €91,563 | +€27,067 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €27,779 | €28,558 | +€779 | +2.8% |
| Trade debts | 44 | €14,179 | €19,216 | +€5,036 | +35.5% |
| Suppliers | 440/4 | €14,179 | €19,216 | +€5,036 | +35.5% |
| Taxes, remuneration and social security | 45 | €15,518 | €17,217 | +€1,699 | +10.9% |
| Taxes | 450/3 | €13,494 | €15,217 | +€1,723 | +12.8% |
| Remuneration and social security | 454/9 | €2,024 | €2,000 | -€24 | -1.2% |
| Other amounts payable | 47/48 | €7,020 | €26,573 | +€19,553 | +279% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,303 | €35,035 | +€9,732 | +38.5% |
| Other operating charges | 640/8 | €2,498 | €3,592 | +€1,094 | +43.8% |
| Gross operating margin | 9900 | €59,645 | €58,259 | -€1,386 | -2.3% |
| Operating profit (loss) | 9901 | €31,844 | €19,632 | -€12,212 | -38.4% |
| Financial income | 75/76B | €166 | €389 | +€223 | +135% |
| Recurring financial income | 75 | €166 | €389 | +€223 | +135% |
| Financial charges | 65/66B | €9,341 | €12,995 | +€3,654 | +39.1% |
| Recurring financial charges | 65 | €9,341 | €12,995 | +€3,654 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €22,669 | €7,026 | -€15,643 | -69.0% |
| Income taxes | 67/77 | €7,981 | €3,321 | -€4,661 | -58.4% |
| Profit (loss) for the period | 9904 | €14,688 | €3,706 | -€10,982 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,688 | €3,706 | -€10,982 | -74.8% |
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 14 October 2026 via checked.be.