YELLOW: 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.
YELLOW
Largest movements
- Tangible fixed assets -€10,173
down €10,173 (-4.1%), from €246,390 to €236,217
of which Land and buildings: -€8,606
- Receivables within one year -€6,293
down €6,293 (-38.7%), from €16,244 to €9,951
- Debts after one year -€26,817
down €26,817 (-65.9%), from €40,721 to €13,904
- Reserves +€26,139
up €26,139 (+52.2%), from €50,109 to €76,248
- Tax, wage and social debts -€18,736
down €18,736 (-59.9%), from €31,302 to €12,566
- Gross operating margin -€1,538
down €1,538 (-2.6%), from €59,516 to €57,978
- Taxes -€1,244
down €1,244 (-9.0%), from €13,810 to €12,566
- Financial charges -€1,216
down €1,216 (-30.1%), from €4,040 to €2,824
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 | €335,806 | €317,640 | -€18,166 | -5.4% |
| Fixed assets | 21/28 | €246,390 | €236,217 | -€10,173 | -4.1% |
| Tangible fixed assets | 22/27 | €246,390 | €236,217 | -€10,173 | -4.1% |
| Land and buildings | 22 | €235,118 | €226,512 | -€8,606 | -3.7% |
| Other tangible fixed assets | 26 | €11,273 | €9,706 | -€1,567 | -13.9% |
| Current assets | 29/58 | €89,416 | €81,423 | -€7,993 | -8.9% |
| Amounts receivable within one year | 40/41 | €16,244 | €9,951 | -€6,293 | -38.7% |
| Other amounts receivable | 41 | €16,244 | €9,951 | -€6,293 | -38.7% |
| Cash at bank and in hand | 54/58 | €72,893 | €71,197 | -€1,696 | -2.3% |
| Deferred charges and accrued income | 490/1 | €279 | €274 | -€4 | -1.5% |
| Total equity and liabilities | 10/49 | €335,806 | €317,640 | -€18,166 | -5.4% |
| Equity | 10/15 | €181,096 | €207,235 | +€26,139 | +14.4% |
| Contributions | 10/11 | €130,987 | €130,987 | = | 0.0% |
| Reserves | 13 | €50,109 | €76,248 | +€26,139 | +52.2% |
| Distributable reserves | 133 | €50,109 | €76,248 | +€26,139 | +52.2% |
| Amounts payable | 17/49 | €154,710 | €110,406 | -€44,304 | -28.6% |
| Amounts payable after more than one year | 17 | €40,721 | €13,904 | -€26,817 | -65.9% |
| Financial debts | 170/4 | €40,721 | €13,904 | -€26,817 | -65.9% |
| Amounts payable within one year | 42/48 | €111,049 | €93,562 | -€17,487 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €25,548 | €26,817 | +€1,269 | +5.0% |
| Trade debts | 44 | €112 | €112 | = | 0.0% |
| Suppliers | 440/4 | €112 | €112 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,302 | €12,566 | -€18,736 | -59.9% |
| Taxes | 450/3 | €31,302 | €12,566 | -€18,736 | -59.9% |
| Other amounts payable | 47/48 | €54,087 | €54,067 | -€20 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,940 | €2,940 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,663 | €10,173 | +€510 | +5.3% |
| Other operating charges | 640/8 | €6,076 | €6,276 | +€200 | +3.3% |
| Gross operating margin | 9900 | €59,516 | €57,978 | -€1,538 | -2.6% |
| Operating profit (loss) | 9901 | €43,777 | €41,529 | -€2,247 | -5.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,040 | €2,824 | -€1,216 | -30.1% |
| Recurring financial charges | 65 | €4,040 | €2,824 | -€1,216 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €39,737 | €38,705 | -€1,032 | -2.6% |
| Income taxes | 67/77 | €13,810 | €12,566 | -€1,244 | -9.0% |
| Profit (loss) for the period | 9904 | €25,927 | €26,139 | +€212 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,927 | €26,139 | +€212 | +0.8% |
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 7 October 2026 via checked.be.