WP2: 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.
WP2
Largest movements
- Tangible fixed assets -€72,732
down €72,732 (-3.4%), from €2.1m to €2.0m
of which Land and buildings: -€71,114
- Debts after one year -€99,952
down €99,952 (-5.9%), from €1.7m to €1.6m
- Gross operating margin +€4,106
up €4,106 (+3.3%), from €125,474 to €129,580
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 | €2,117,512 | €2,054,905 | -€62,607 | -3.0% |
| Fixed assets | 21/28 | €2,117,086 | €2,044,354 | -€72,732 | -3.4% |
| Tangible fixed assets | 22/27 | €2,117,086 | €2,044,354 | -€72,732 | -3.4% |
| Land and buildings | 22 | €2,111,570 | €2,040,456 | -€71,114 | -3.4% |
| Plant, machinery and equipment | 23 | €5,516 | €3,898 | -€1,618 | -29.3% |
| Current assets | 29/58 | €426 | €10,551 | +€10,125 | +2377.4% |
| Amounts receivable within one year | 40/41 | €109 | €5,000 | +€4,891 | +4478.8% |
| Other amounts receivable | 41 | €109 | €5,000 | +€4,891 | +4478.8% |
| Cash at bank and in hand | 54/58 | €317 | €5,551 | +€5,234 | +1652.8% |
| Total equity and liabilities | 10/49 | €2,117,512 | €2,054,905 | -€62,607 | -3.0% |
| Equity | 10/15 | €49,252 | €65,866 | +€16,614 | +33.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,752 | €58,366 | +€16,614 | +39.8% |
| Amounts payable | 17/49 | €2,068,260 | €1,989,039 | -€79,221 | -3.8% |
| Amounts payable after more than one year | 17 | €1,686,790 | €1,586,839 | -€99,952 | -5.9% |
| Financial debts | 170/4 | €1,686,790 | €1,586,839 | -€99,952 | -5.9% |
| Amounts payable within one year | 42/48 | €381,469 | €402,200 | +€20,731 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €98,905 | €99,952 | +€1,047 | +1.1% |
| Trade debts | 44 | €629 | €0 | -€629 | -100.0% |
| Suppliers | 440/4 | €629 | €0 | -€629 | -100.0% |
| Other amounts payable | 47/48 | €281,935 | €302,248 | +€20,313 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,649 | €91,995 | +€346 | +0.4% |
| Other operating charges | 640/8 | €1,308 | €1,243 | -€65 | -5.0% |
| Gross operating margin | 9900 | €125,474 | €129,580 | +€4,106 | +3.3% |
| Operating profit (loss) | 9901 | €32,517 | €36,343 | +€3,825 | +11.8% |
| Financial charges | 65/66B | €20,817 | €19,729 | -€1,088 | -5.2% |
| Recurring financial charges | 65 | €20,817 | €19,729 | -€1,088 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €11,700 | €16,614 | +€4,914 | +42.0% |
| Profit (loss) for the period | 9904 | €11,700 | €16,614 | +€4,914 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,700 | €16,614 | +€4,914 | +42.0% |
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 12 October 2026 via checked.be.