VO-INTERIEUR: 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.
VO-INTERIEUR
Largest movements
- Cash -€38,704
down €38,704 (-85.5%), from €45,291 to €6,587
mainly Other debts (-€100,605) and Tax, wage and social debts (-€6,583)
- Tangible fixed assets -€12,097
down €12,097 (-3.8%), from €316,417 to €304,320
of which Land and buildings: -€6,061
- Intangible fixed assets -€10,000
down €10,000 (-13.8%), from €72,500 to €62,500
- Other debts -€100,605
down €100,605 (-99.4%), from €101,231 to €626
- Debts after one year +€29,220
up €29,220 (+11.1%), from €263,889 to €293,109
- Current portion of long-term debt +€10,315
up €10,315 (+53.0%), from €19,472 to €29,787
- Tax, wage and social debts -€6,583
down €6,583 (-62.1%), from €10,602 to €4,019
- Gross operating margin -€11,120
down €11,120 (-20.6%), from €53,883 to €42,762
- Taxes -€3,170
down €3,170 (-71.2%), from €4,453 to €1,284
- Financial charges -€2,214
down €2,214 (-14.0%), from €15,801 to €13,586
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 | €460,571 | €395,202 | -€65,369 | -14.2% |
| Fixed assets | 21/28 | €388,917 | €366,820 | -€22,097 | -5.7% |
| Intangible fixed assets | 21 | €72,500 | €62,500 | -€10,000 | -13.8% |
| Tangible fixed assets | 22/27 | €316,417 | €304,320 | -€12,097 | -3.8% |
| Land and buildings | 22 | €308,905 | €302,844 | -€6,061 | -2.0% |
| Plant, machinery and equipment | 23 | €6,191 | €1,238 | -€4,953 | -80.0% |
| Furniture and vehicles | 24 | €1,321 | €238 | -€1,083 | -82.0% |
| Current assets | 29/58 | €71,654 | €28,382 | -€43,272 | -60.4% |
| Amounts receivable within one year | 40/41 | €18,830 | €15,932 | -€2,898 | -15.4% |
| Trade receivables | 40 | €11,158 | €7,911 | -€3,246 | -29.1% |
| Other amounts receivable | 41 | €7,672 | €8,020 | +€348 | +4.5% |
| Cash at bank and in hand | 54/58 | €45,291 | €6,587 | -€38,704 | -85.5% |
| Deferred charges and accrued income | 490/1 | €7,533 | €5,864 | -€1,670 | -22.2% |
| Total equity and liabilities | 10/49 | €460,571 | €395,202 | -€65,369 | -14.2% |
| Equity | 10/15 | €65,106 | €67,089 | +€1,983 | +3.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €35,106 | €35,106 | = | 0.0% |
| Distributable reserves | 133 | €35,106 | €35,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,983 | +€1,983 | |
| Amounts payable | 17/49 | €395,465 | €328,114 | -€67,352 | -17.0% |
| Amounts payable after more than one year | 17 | €263,889 | €293,109 | +€29,220 | +11.1% |
| Financial debts | 170/4 | €263,889 | €293,109 | +€29,220 | +11.1% |
| Amounts payable within one year | 42/48 | €131,576 | €35,005 | -€96,571 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €19,472 | €29,787 | +€10,315 | +53.0% |
| Trade debts | 44 | €271 | €573 | +€302 | +112% |
| Suppliers | 440/4 | €271 | €573 | +€302 | +112% |
| Taxes, remuneration and social security | 45 | €10,602 | €4,019 | -€6,583 | -62.1% |
| Taxes | 450/3 | €10,602 | €4,019 | -€6,583 | -62.1% |
| Other amounts payable | 47/48 | €101,231 | €626 | -€100,605 | -99.4% |
| Non-recurring operating income | 76A | €7,439 | €0 | -€7,439 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,231 | €22,097 | -€134 | -0.6% |
| Other operating charges | 640/8 | €3,599 | €3,813 | +€214 | +5.9% |
| Gross operating margin | 9900 | €53,883 | €42,762 | -€11,120 | -20.6% |
| Operating profit (loss) | 9901 | €28,052 | €16,853 | -€11,200 | -39.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €15,801 | €13,586 | -€2,214 | -14.0% |
| Recurring financial charges | 65 | €15,801 | €13,586 | -€2,214 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €12,252 | €3,267 | -€8,985 | -73.3% |
| Income taxes | 67/77 | €4,453 | €1,284 | -€3,170 | -71.2% |
| Profit (loss) for the period | 9904 | €7,799 | €1,983 | -€5,816 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,799 | €1,983 | -€5,816 | -74.6% |
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 19 October 2026 via checked.be.