WELL BEING: 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.
WELL BEING
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash +€62,562
up €62,562 (+13,002%), from €481 to €63,043
mainly Net result for the year (+€178,609) and Investment in fixed assets (net) (+€41,089)
- Tangible fixed assets -€50,635
down €50,635 (-45.7%), from €110,807 to €60,171
of which Land and buildings: -€50,605
- Stocks and contracts -€9,397
down €9,397 (-67.3%), from €13,967 to €4,570
- Deferred charges and accrued income -€3,220
down €3,220 (-21.8%), from €14,778 to €11,558
- Reserves +€157,609
up €157,609 (+458%), from €34,424 to €192,033
- Debts after one year -€20,530
down €20,530 (-51.0%), from €40,281 to €19,751
- Tax, wage and social debts +€15,611
up €15,611 (+989%), from €1,579 to €17,190
- Other debts +€13,888
up €13,888 (+177%), from €7,859 to €21,747
- Current portion of long-term debt -€13,795
down €13,795 (-56.6%), from €24,358 to €10,562
- Gross operating margin +€245,992
up €245,992 (+1,329%), from €18,508 to €264,500
- Taxes +€67,908
up €67,908 (+2,241,200%), from €3 to €67,911
- Depreciation -€6,821
down €6,821 (-40.6%), from €16,790 to €9,969
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 | €144,529 | €291,195 | +€146,666 | +101% |
| Formation expenses | 20 | €423 | - | -€423 | |
| Fixed assets | 21/28 | €110,807 | €60,171 | -€50,635 | -45.7% |
| Tangible fixed assets | 22/27 | €110,807 | €60,171 | -€50,635 | -45.7% |
| Land and buildings | 22 | €107,797 | €57,193 | -€50,605 | -46.9% |
| Plant, machinery and equipment | 23 | €1,504 | €905 | -€599 | -39.8% |
| Furniture and vehicles | 24 | €1,506 | €2,074 | +€568 | +37.7% |
| Current assets | 29/58 | €33,299 | €231,024 | +€197,725 | +594% |
| Stocks and contracts in progress | 3 | €13,967 | €4,570 | -€9,397 | -67.3% |
| Stocks | 30/36 | €13,967 | €4,570 | -€9,397 | -67.3% |
| Amounts receivable within one year | 40/41 | €4,074 | €1,853 | -€2,220 | -54.5% |
| Trade receivables | 40 | €212 | €1,853 | +€1,641 | +772% |
| Other amounts receivable | 41 | €3,861 | - | -€3,861 | |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €481 | €63,043 | +€62,562 | +13,002% |
| Deferred charges and accrued income | 490/1 | €14,778 | €11,558 | -€3,220 | -21.8% |
| Total equity and liabilities | 10/49 | €144,529 | €291,195 | +€146,666 | +101% |
| Equity | 10/15 | €64,388 | €220,941 | +€156,553 | +243% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €34,424 | €192,033 | +€157,609 | +458% |
| Distributable reserves | 133 | €34,424 | €192,033 | +€157,609 | +458% |
| Investment grants | 15 | €9,504 | €8,448 | -€1,056 | -11.1% |
| Amounts payable | 17/49 | €80,141 | €70,254 | -€9,887 | -12.3% |
| Amounts payable after more than one year | 17 | €40,281 | €19,751 | -€20,530 | -51.0% |
| Financial debts | 170/4 | €40,281 | €19,751 | -€20,530 | -51.0% |
| Amounts payable within one year | 42/48 | €39,859 | €50,409 | +€10,550 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €24,358 | €10,562 | -€13,795 | -56.6% |
| Financial debts | 43 | €5,608 | - | -€5,608 | |
| Credit institutions | 430/8 | €5,608 | - | -€5,608 | |
| Trade debts | 44 | €456 | €910 | +€454 | +99.5% |
| Suppliers | 440/4 | €456 | €910 | +€454 | +99.5% |
| Taxes, remuneration and social security | 45 | €1,579 | €17,190 | +€15,611 | +989% |
| Taxes | 450/3 | €1,579 | €17,190 | +€15,611 | +989% |
| Other amounts payable | 47/48 | €7,859 | €21,747 | +€13,888 | +177% |
| Accrued charges and deferred income | 492/3 | - | €93 | +€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,790 | €9,969 | -€6,821 | -40.6% |
| Other operating charges | 640/8 | €5,715 | €4,878 | -€837 | -14.6% |
| Gross operating margin | 9900 | €18,508 | €264,500 | +€245,992 | +1,329% |
| Operating profit (loss) | 9901 | -€3,997 | €249,653 | +€253,649 | |
| Financial income | 75/76B | €1,069 | €1,207 | +€138 | +12.9% |
| Recurring financial income | 75 | €1,069 | €1,207 | +€138 | +12.9% |
| Financial charges | 65/66B | €5,115 | €4,340 | -€776 | -15.2% |
| Recurring financial charges | 65 | €5,115 | €4,340 | -€776 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,043 | €246,520 | +€254,564 | |
| Income taxes | 67/77 | €3 | €67,911 | +€67,908 | +2,241,200% |
| Profit (loss) for the period | 9904 | -€8,046 | €178,609 | +€186,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,046 | €178,609 | +€186,655 |
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 26 October 2026 via checked.be.