WORKING FORCE: 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.
WORKING FORCE
Largest movements
- Tangible fixed assets -€23,228
down €23,228 (-2.9%), from €799,882 to €776,655
of which Land and buildings: -€22,378
- Debts after one year -€28,000
down €28,000 (-3.3%), from €852,911 to €824,911
- Accrued charges and deferred income +€9,167
new in 2025: €9,167
- Gross operating margin -€22,751
down €22,751 (-38.5%), from €59,027 to €36,276
- Other operating charges +€9,334
up €9,334 (+101.0%), from €9,244 to €18,578
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 | €812,720 | €787,835 | -€24,885 | -3.1% |
| Formation expenses | 20 | €944 | €604 | -€340 | -36.0% |
| Fixed assets | 21/28 | €799,882 | €776,655 | -€23,228 | -2.9% |
| Tangible fixed assets | 22/27 | €799,882 | €776,655 | -€23,228 | -2.9% |
| Land and buildings | 22 | €792,302 | €769,924 | -€22,378 | -2.8% |
| Other tangible fixed assets | 26 | €7,580 | €6,730 | -€850 | -11.2% |
| Current assets | 29/58 | €11,894 | €10,577 | -€1,317 | -11.1% |
| Amounts receivable within one year | 40/41 | - | €49 | +€49 | |
| Trade receivables | 40 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €11,894 | €10,528 | -€1,366 | -11.5% |
| Total equity and liabilities | 10/49 | €812,720 | €787,835 | -€24,885 | -3.1% |
| Equity | 10/15 | -€40,191 | -€46,243 | -€6,052 | -15.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,691 | -€48,743 | -€6,052 | -14.2% |
| Amounts payable | 17/49 | €852,911 | €834,078 | -€18,833 | -2.2% |
| Amounts payable after more than one year | 17 | €852,911 | €824,911 | -€28,000 | -3.3% |
| Other amounts payable | 178/9 | €852,911 | €824,911 | -€28,000 | -3.3% |
| Accrued charges and deferred income | 492/3 | - | €9,167 | +€9,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,568 | €23,568 | = | 0.0% |
| Other operating charges | 640/8 | €9,244 | €18,578 | +€9,334 | +101.0% |
| Gross operating margin | 9900 | €59,027 | €36,276 | -€22,751 | -38.5% |
| Operating profit (loss) | 9901 | €26,216 | -€5,870 | -€32,085 | |
| Financial charges | 65/66B | €170 | €182 | +€12 | +7.1% |
| Recurring financial charges | 65 | €170 | €182 | +€12 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €26,046 | -€6,052 | -€32,097 | |
| Profit (loss) for the period | 9904 | €26,046 | -€6,052 | -€32,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,046 | -€6,052 | -€32,097 |
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 9 October 2026 via checked.be.