WIDE: what changed
Two fiscal 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.
WIDE
Largest movements
- Tangible fixed assets -€352,122
down €352,122 (-7.0%), from €5.0m to €4.7m
of which Land and buildings: -€353,626
- Receivables within one year +€298,592
up €298,592 (+222.1%), from €134,451 to €433,043
of which Other amounts receivable: +€291,604
- Cash +€209,489
up €209,489 (+4172.5%), from €5,021 to €214,510
mainly Net result for the year (+€817,553) and Provisions (+€277,208)
- Reserves +€831,623
up €831,623 (+44710.9%), from €1,860 to €833,483
of which Tax-exempt reserves: +€831,623
- Short-term financial debts -€402,152
no longer reported in 2025 (was €402,152)
- Debts after one year -€315,358
down €315,358 (-10.6%), from €3.0m to €2.7m
of which Financial debts: -€277,408
- Provisions +€277,208
new in 2025: €277,208
- Other debts -€138,586
down €138,586 (-14.9%), from €928,912 to €790,326
- Gross operating margin +€1.0m
up €1.0m (+267.0%), from €392,305 to €1.4m
- Financial charges -€29,809
down €29,809 (-20.9%), from €142,696 to €112,887
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.
Cash bridge derived
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 | €5,206,339 | €5,366,292 | +€159,953 | +3.1% |
| Fixed assets | 21/28 | €5,062,065 | €4,718,522 | -€343,543 | -6.8% |
| Intangible fixed assets | 21 | €21,142 | - | -€21,142 | |
| Tangible fixed assets | 22/27 | €5,040,643 | €4,688,522 | -€352,122 | -7.0% |
| Land and buildings | 22 | €5,024,618 | €4,670,991 | -€353,626 | -7.0% |
| Plant, machinery and equipment | 23 | €685 | €4,730 | +€4,045 | +590.3% |
| Furniture and vehicles | 24 | €15,340 | €12,800 | -€2,540 | -16.6% |
| Financial fixed assets | 28 | €280 | €30,000 | +€29,720 | +10614.3% |
| Current assets | 29/58 | €144,274 | €647,771 | +€503,497 | +349.0% |
| Amounts receivable within one year | 40/41 | €134,451 | €433,043 | +€298,592 | +222.1% |
| Trade receivables | 40 | €43,519 | €50,506 | +€6,987 | +16.1% |
| Other amounts receivable | 41 | €90,932 | €382,536 | +€291,604 | +320.7% |
| Cash at bank and in hand | 54/58 | €5,021 | €214,510 | +€209,489 | +4172.5% |
| Deferred charges and accrued income | 490/1 | €4,802 | €218 | -€4,584 | -95.5% |
| Total equity and liabilities | 10/49 | €5,206,339 | €5,366,292 | +€159,953 | +3.1% |
| Equity | 10/15 | €605,923 | €1,423,476 | +€817,553 | +134.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €776,760 | €776,760 | = | 0.0% |
| Reserves | 13 | €1,860 | €833,483 | +€831,623 | +44710.9% |
| Tax-exempt reserves | 132 | - | €831,623 | +€831,623 | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,297 | -€205,367 | -€14,070 | -7.4% |
| Provisions and deferred taxes | 16 | - | €277,208 | +€277,208 | |
| Deferred taxes | 168 | - | €277,208 | +€277,208 | |
| Amounts payable | 17/49 | €4,600,416 | €3,665,609 | -€934,807 | -20.3% |
| Amounts payable after more than one year | 17 | €2,966,639 | €2,651,281 | -€315,358 | -10.6% |
| Financial debts | 170/4 | €2,897,429 | €2,620,021 | -€277,408 | -9.6% |
| Other amounts payable | 178/9 | €69,210 | €31,260 | -€37,950 | -54.8% |
| Amounts payable within one year | 42/48 | €1,632,352 | €1,012,860 | -€619,492 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €250,136 | €196,428 | -€53,708 | -21.5% |
| Financial debts | 43 | €402,152 | - | -€402,152 | |
| Credit institutions | 430/8 | €402,152 | - | -€402,152 | |
| Trade debts | 44 | €33,160 | €16,843 | -€16,316 | -49.2% |
| Suppliers | 440/4 | €33,160 | €16,843 | -€16,316 | -49.2% |
| Taxes, remuneration and social security | 45 | €17,992 | €9,263 | -€8,729 | -48.5% |
| Taxes | 450/3 | €17,992 | €9,263 | -€8,729 | -48.5% |
| Other amounts payable | 47/48 | €928,912 | €790,326 | -€138,586 | -14.9% |
| Accrued charges and deferred income | 492/3 | €1,425 | €1,468 | +€43 | +3.0% |
| Non-recurring operating income | 76A | - | €1,154,048 | +€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,505 | €203,968 | +€1,462 | +0.7% |
| Other operating charges | 640/8 | €15,850 | €28,016 | +€12,166 | +76.8% |
| Gross operating margin | 9900 | €392,305 | €1,439,757 | +€1.0m | +267.0% |
| Operating profit (loss) | 9901 | €173,949 | €1,207,774 | +€1.0m | +594.3% |
| Financial income | 75/76B | €0 | €65 | +€65 | +92257.1% |
| Recurring financial income | 75 | €0 | €65 | +€65 | +92257.1% |
| Financial charges | 65/66B | €142,696 | €112,887 | -€29,809 | -20.9% |
| Recurring financial charges | 65 | €142,696 | €112,887 | -€29,809 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €31,254 | €1,094,952 | +€1.1m | +3403.4% |
| Transfer to deferred taxes | 680 | - | €277,208 | +€277,208 | |
| Income taxes | 67/77 | €434 | €191 | -€243 | -55.9% |
| Profit (loss) for the period | 9904 | €30,820 | €817,553 | +€786,733 | +2552.7% |
| Transfer to tax-exempt reserves | 689 | - | €831,623 | +€831,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,820 | -€14,070 | -€44,890 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.