WIDGET: 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.
WIDGET
Largest movements
- Tangible fixed assets -€18,858
down €18,858 (-4.6%), from €408,876 to €390,018
of which Land and buildings: -€22,032
- Cash -€5,712
down €5,712 (-96.7%), from €5,909 to €197
mainly Debts after one year (-€27,809) and Other debts (-€5,096)
- Debts after one year -€27,809
down €27,809 (-22.9%), from €121,300 to €93,491
- Profit (loss) carried forward +€7,072
up €7,072 (+16.8%), from -€42,198 to -€35,126
- Other debts -€5,096
no longer reported in 2025 (was €5,096)
- Depreciation -€2,056
down €2,056 (-8.4%), from €24,370 to €22,313
- Gross operating margin +€1,350
up €1,350 (+2.8%), from €48,197 to €49,547
- Other operating charges +€577
up €577 (+3.1%), from €18,564 to €19,141
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 | €471,542 | €447,232 | -€24,310 | -5.2% |
| Fixed assets | 21/28 | €408,876 | €390,018 | -€18,858 | -4.6% |
| Tangible fixed assets | 22/27 | €408,876 | €390,018 | -€18,858 | -4.6% |
| Land and buildings | 22 | €408,876 | €386,844 | -€22,032 | -5.4% |
| Plant, machinery and equipment | 23 | - | €3,175 | +€3,175 | |
| Current assets | 29/58 | €62,666 | €57,214 | -€5,452 | -8.7% |
| Amounts receivable within one year | 40/41 | €524 | €667 | +€143 | +27.3% |
| Other amounts receivable | 41 | €524 | €667 | +€143 | +27.3% |
| Current investments | 50/53 | €54,613 | €54,613 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,909 | €197 | -€5,712 | -96.7% |
| Deferred charges and accrued income | 490/1 | €1,619 | €1,736 | +€117 | +7.2% |
| Total equity and liabilities | 10/49 | €471,542 | €447,232 | -€24,310 | -5.2% |
| Equity | 10/15 | €315,376 | €322,448 | +€7,072 | +2.2% |
| Contributions | 10/11 | €343,600 | €343,600 | = | 0.0% |
| Capital | 10 | €343,600 | €343,600 | = | 0.0% |
| Issued capital | 100 | €343,600 | €343,600 | = | 0.0% |
| Reserves | 13 | €13,974 | €13,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €974 | €974 | = | 0.0% |
| Legal reserve | 130 | €974 | €974 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,198 | -€35,126 | +€7,072 | +16.8% |
| Amounts payable | 17/49 | €156,166 | €124,784 | -€31,382 | -20.1% |
| Amounts payable after more than one year | 17 | €121,300 | €93,491 | -€27,809 | -22.9% |
| Financial debts | 170/4 | €121,300 | €93,491 | -€27,809 | -22.9% |
| Amounts payable within one year | 42/48 | €34,866 | €31,292 | -€3,573 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €27,421 | €27,809 | +€388 | +1.4% |
| Trade debts | 44 | €2,348 | €3,483 | +€1,135 | +48.3% |
| Suppliers | 440/4 | €2,348 | €3,483 | +€1,135 | +48.3% |
| Other amounts payable | 47/48 | €5,096 | - | -€5,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,370 | €22,313 | -€2,056 | -8.4% |
| Other operating charges | 640/8 | €18,564 | €19,141 | +€577 | +3.1% |
| Gross operating margin | 9900 | €48,197 | €49,547 | +€1,350 | +2.8% |
| Operating profit (loss) | 9901 | €5,263 | €8,093 | +€2,829 | +53.8% |
| Financial income | 75/76B | €980 | €1,274 | +€294 | +30.0% |
| Recurring financial income | 75 | €980 | €1,274 | +€294 | +30.0% |
| Financial charges | 65/66B | €2,600 | €2,294 | -€306 | -11.8% |
| Recurring financial charges | 65 | €2,600 | €2,294 | -€306 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €3,644 | €7,072 | +€3,429 | +94.1% |
| Profit (loss) for the period | 9904 | €3,644 | €7,072 | +€3,429 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,644 | €7,072 | +€3,429 | +94.1% |
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 24 October 2026 via checked.be.