Y2K: 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.
Y2K
Largest movements
- Current investments -€125,605
down €125,605 (-12.9%), from €972,029 to €846,424
- Cash -€92,819
down €92,819 (-28.9%), from €321,611 to €228,792
mainly Contributions, distributions and other (-€680,680) and Smaller working-capital items (-€16)
- Receivables within one year -€43,272
down €43,272 (-23.7%), from €182,570 to €139,298
of which Other amounts receivable: -€51,333
- Tangible fixed assets -€21,914
down €21,914 (-35.4%), from €61,868 to €39,954
of which Furniture and vehicles: -€20,792
- Reserves -€457,331
down €457,331 (-44.9%), from €1.0m to €561,363
of which Distributable reserves: -€457,331
- Other debts +€165,041
new in 2025: €165,041
- Financial income +€119,467
up €119,467 (+287%), from €41,564 to €161,031
- Financial charges +€21,840
up €21,840 (+147%), from €14,819 to €36,659
- Taxes +€9,038
up €9,038 (+15.3%), from €59,082 to €68,120
- Gross operating margin +€4,156
up €4,156 (+2.2%), from €188,610 to €192,766
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 | €1,541,356 | €1,257,586 | -€283,770 | -18.4% |
| Fixed assets | 21/28 | €61,918 | €40,003 | -€21,915 | -35.4% |
| Tangible fixed assets | 22/27 | €61,868 | €39,954 | -€21,914 | -35.4% |
| Plant, machinery and equipment | 23 | €216 | - | -€216 | |
| Furniture and vehicles | 24 | €54,647 | €33,855 | -€20,792 | -38.0% |
| Other tangible fixed assets | 26 | €7,005 | €6,098 | -€907 | -12.9% |
| Financial fixed assets | 28 | €50 | €50 | -€0 | -0.8% |
| Current assets | 29/58 | €1,479,438 | €1,217,583 | -€261,855 | -17.7% |
| Amounts receivable within one year | 40/41 | €182,570 | €139,298 | -€43,272 | -23.7% |
| Trade receivables | 40 | €62,434 | €70,495 | +€8,061 | +12.9% |
| Other amounts receivable | 41 | €120,136 | €68,803 | -€51,333 | -42.7% |
| Current investments | 50/53 | €972,029 | €846,424 | -€125,605 | -12.9% |
| Cash at bank and in hand | 54/58 | €321,611 | €228,792 | -€92,819 | -28.9% |
| Deferred charges and accrued income | 490/1 | €3,228 | €3,069 | -€159 | -4.9% |
| Total equity and liabilities | 10/49 | €1,541,356 | €1,257,586 | -€283,770 | -18.4% |
| Equity | 10/15 | €1,489,832 | €1,032,502 | -€457,330 | -30.7% |
| Contributions | 10/11 | €15,369 | €15,369 | +€0 | 0.0% |
| Reserves | 13 | €1,018,694 | €561,363 | -€457,331 | -44.9% |
| Tax-exempt reserves | 132 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €995,694 | €538,363 | -€457,331 | -45.9% |
| Profit (loss) carried forward | 14 | €455,769 | €455,769 | +€0 | 0.0% |
| Amounts payable | 17/49 | €51,524 | €225,084 | +€173,560 | +337% |
| Amounts payable within one year | 42/48 | €51,524 | €225,084 | +€173,560 | +337% |
| Trade debts | 44 | €4,563 | €4,389 | -€174 | -3.8% |
| Suppliers | 440/4 | €4,563 | €4,389 | -€174 | -3.8% |
| Taxes, remuneration and social security | 45 | €46,961 | €55,654 | +€8,693 | +18.5% |
| Taxes | 450/3 | €46,961 | €55,654 | +€8,693 | +18.5% |
| Other amounts payable | 47/48 | - | €165,041 | +€165,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,139 | €21,915 | -€224 | -1.0% |
| Other operating charges | 640/8 | €2,057 | €3,754 | +€1,697 | +82.5% |
| Gross operating margin | 9900 | €188,610 | €192,766 | +€4,156 | +2.2% |
| Operating profit (loss) | 9901 | €164,414 | €167,098 | +€2,684 | +1.6% |
| Financial income | 75/76B | €41,564 | €161,031 | +€119,467 | +287% |
| Recurring financial income | 75 | €41,564 | €161,031 | +€119,467 | +287% |
| Financial charges | 65/66B | €14,819 | €36,659 | +€21,840 | +147% |
| Recurring financial charges | 65 | €14,819 | €36,659 | +€21,840 | +147% |
| Profit (loss) for the period before taxes | 9903 | €191,159 | €291,470 | +€100,311 | +52.5% |
| Income taxes | 67/77 | €59,082 | €68,120 | +€9,038 | +15.3% |
| Profit (loss) for the period | 9904 | €132,077 | €223,350 | +€91,273 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,077 | €223,350 | +€91,273 | +69.1% |
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 16 October 2026 via checked.be.