Windrose: 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.
Windrose
Largest movements
- Tangible fixed assets -€5,838
down €5,838 (-1.4%), from €429,553 to €423,715
of which Land and buildings: -€5,838
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€2,268
down €2,268 (-28.0%), from €8,107 to €5,838
- Other operating charges -€1,902
down €1,902 (-36.3%), from €5,235 to €3,334
- Gross operating margin +€511
up €511 (+7.9%), from €6,468 to €6,979
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 | €431,820 | €428,934 | -€2,887 | -0.7% |
| Fixed assets | 21/28 | €429,553 | €423,715 | -€5,838 | -1.4% |
| Tangible fixed assets | 22/27 | €429,553 | €423,715 | -€5,838 | -1.4% |
| Land and buildings | 22 | €429,553 | €423,715 | -€5,838 | -1.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €2,268 | €5,219 | +€2,951 | +130.2% |
| Amounts receivable within one year | 40/41 | - | €5 | +€5 | |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €1,252 | €4,144 | +€2,891 | +230.9% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,071 | +€55 | +5.5% |
| Total equity and liabilities | 10/49 | €431,820 | €428,934 | -€2,887 | -0.7% |
| Equity | 10/15 | €23,712 | €21,429 | -€2,282 | -9.6% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Outside capital | 11 | - | €743,681 | +€743,681 | |
| Other | 1109/19 | - | €743,681 | +€743,681 | |
| Profit (loss) carried forward | 14 | -€719,969 | -€722,251 | -€2,282 | -0.3% |
| Amounts payable | 17/49 | €408,108 | €407,504 | -€604 | -0.1% |
| Amounts payable within one year | 42/48 | €408,108 | €407,504 | -€604 | -0.1% |
| Trade debts | 44 | €1,675 | €1,071 | -€604 | -36.1% |
| Suppliers | 440/4 | €1,675 | €1,071 | -€604 | -36.1% |
| Other amounts payable | 47/48 | €406,433 | €406,433 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,107 | €5,838 | -€2,268 | -28.0% |
| Other operating charges | 640/8 | €5,235 | €3,334 | -€1,902 | -36.3% |
| Gross operating margin | 9900 | €6,468 | €6,979 | +€511 | +7.9% |
| Operating profit (loss) | 9901 | -€6,874 | -€2,193 | +€4,681 | +68.1% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1119.4% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1119.4% |
| Financial charges | 65/66B | €110 | €105 | -€6 | -5.0% |
| Recurring financial charges | 65 | €110 | €105 | -€6 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,982 | -€2,282 | +€4,700 | +67.3% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€6,983 | -€2,282 | +€4,701 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,983 | -€2,282 | +€4,701 | +67.3% |
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 1 October 2026 via checked.be.