WHITE LINE: 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.
WHITE LINE
Largest movements
- Tangible fixed assets -€1,650
down €1,650 (-2.7%), from €60,938 to €59,288
- Deferred charges and accrued income +€1,520
up €1,520 (+1,404%), from €108 to €1,628
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,200
down €1,200 (-24.7%), from €4,852 to €3,652
- Taxes -€312
down €312 (-89.2%), from €350 to €38
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 | €117,050 | €117,164 | +€114 | +0.1% |
| Fixed assets | 21/28 | €60,938 | €59,288 | -€1,650 | -2.7% |
| Tangible fixed assets | 22/27 | €60,938 | €59,288 | -€1,650 | -2.7% |
| Land and buildings | 22 | €60,938 | €59,288 | -€1,650 | -2.7% |
| Current assets | 29/58 | €56,113 | €57,876 | +€1,764 | +3.1% |
| Amounts receivable within one year | 40/41 | €650 | €612 | -€38 | -5.8% |
| Other amounts receivable | 41 | €650 | €612 | -€38 | -5.8% |
| Cash at bank and in hand | 54/58 | €55,355 | €55,636 | +€281 | +0.5% |
| Deferred charges and accrued income | 490/1 | €108 | €1,628 | +€1,520 | +1,404% |
| Total equity and liabilities | 10/49 | €117,050 | €117,164 | +€114 | +0.1% |
| Equity | 10/15 | €117,038 | €117,151 | +€113 | +0.1% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38 | €151 | +€113 | +301% |
| Amounts payable | 17/49 | €13 | €13 | +€0 | +1.2% |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €13 | €13 | +€0 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,650 | €1,650 | = | 0.0% |
| Other operating charges | 640/8 | €1,649 | €1,697 | +€48 | +2.9% |
| Gross operating margin | 9900 | €4,852 | €3,652 | -€1,200 | -24.7% |
| Operating profit (loss) | 9901 | €1,553 | €305 | -€1,248 | -80.4% |
| Financial charges | 65/66B | €153 | €153 | +€0 | +0.2% |
| Recurring financial charges | 65 | €153 | €153 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,400 | €151 | -€1,249 | -89.2% |
| Income taxes | 67/77 | €350 | €38 | -€312 | -89.2% |
| Profit (loss) for the period | 9904 | €1,050 | €113 | -€937 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,050 | €113 | -€937 | -89.2% |
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 18 October 2026 via checked.be.