Your Balance: 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.
Your Balance
Largest movements
- Cash +€78,266
up €78,266 (+80.5%), from €97,248 to €175,514
mainly Net result for the year (+€53,970) and Receivables within one year (+€20,811)
- Receivables within one year -€20,811
down €20,811 (-43.9%), from €47,425 to €26,614
of which Trade receivables: -€21,355
- Tangible fixed assets -€11,247
down €11,247 (-3.2%), from €352,623 to €341,376
of which Land and buildings: -€9,043
- Reserves +€33,970
up €33,970 (+11.0%), from €308,150 to €342,120
of which Distributable reserves: +€55,025
- Other debts +€16,047
up €16,047 (+96.6%), from €16,608 to €32,655
- Debts after one year -€12,642
down €12,642 (-8.2%), from €154,321 to €141,680
- Trade debts +€7,858
up €7,858 (+178%), from €4,418 to €12,276
- Gross operating margin -€7,611
down €7,611 (-6.7%), from €113,008 to €105,398
- Other operating charges +€1,655
up €1,655 (+85.0%), from €1,947 to €3,602
- Taxes +€1,347
up €1,347 (+5.5%), from €24,379 to €25,726
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 | €508,763 | €551,759 | +€42,995 | +8.5% |
| Fixed assets | 21/28 | €352,623 | €341,376 | -€11,247 | -3.2% |
| Tangible fixed assets | 22/27 | €352,623 | €341,376 | -€11,247 | -3.2% |
| Land and buildings | 22 | €342,473 | €333,430 | -€9,043 | -2.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,150 | €7,946 | -€2,204 | -21.7% |
| Current assets | 29/58 | €156,140 | €210,382 | +€54,242 | +34.7% |
| Amounts receivable within one year | 40/41 | €47,425 | €26,614 | -€20,811 | -43.9% |
| Trade receivables | 40 | €45,845 | €24,490 | -€21,355 | -46.6% |
| Other amounts receivable | 41 | €1,580 | €2,124 | +€544 | +34.5% |
| Cash at bank and in hand | 54/58 | €97,248 | €175,514 | +€78,266 | +80.5% |
| Deferred charges and accrued income | 490/1 | €11,467 | €8,255 | -€3,212 | -28.0% |
| Total equity and liabilities | 10/49 | €508,763 | €551,759 | +€42,995 | +8.5% |
| Equity | 10/15 | €308,400 | €342,370 | +€33,970 | +11.0% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €308,150 | €342,120 | +€33,970 | +11.0% |
| Tax-exempt reserves | 132 | €84,217 | €63,163 | -€21,054 | -25.0% |
| Distributable reserves | 133 | €223,933 | €278,957 | +€55,025 | +24.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €200,364 | €209,389 | +€9,025 | +4.5% |
| Amounts payable after more than one year | 17 | €154,321 | €141,680 | -€12,642 | -8.2% |
| Financial debts | 170/4 | €154,321 | €141,680 | -€12,642 | -8.2% |
| Amounts payable within one year | 42/48 | €41,041 | €67,709 | +€26,668 | +65.0% |
| Current portion of amounts payable after more than one year | 42 | €12,445 | €12,642 | +€197 | +1.6% |
| Financial debts | 43 | €7 | €0 | -€7 | -100% |
| Credit institutions | 430/8 | €7 | €0 | -€7 | -100% |
| Trade debts | 44 | €4,418 | €12,276 | +€7,858 | +178% |
| Suppliers | 440/4 | €4,418 | €12,276 | +€7,858 | +178% |
| Taxes, remuneration and social security | 45 | €7,564 | €10,137 | +€2,573 | +34.0% |
| Taxes | 450/3 | €5,210 | €7,765 | +€2,555 | +49.0% |
| Remuneration and social security | 454/9 | €2,354 | €2,372 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €16,608 | €32,655 | +€16,047 | +96.6% |
| Accrued charges and deferred income | 492/3 | €5,001 | €0 | -€5,001 | -100% |
| Non-recurring operating income | 76A | €0 | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,523 | €16,470 | -€1,053 | -6.0% |
| Other operating charges | 640/8 | €1,947 | €3,602 | +€1,655 | +85.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €113,008 | €105,398 | -€7,611 | -6.7% |
| Operating profit (loss) | 9901 | €93,539 | €85,326 | -€8,213 | -8.8% |
| Financial income | 75/76B | €517 | €622 | +€105 | +20.4% |
| Recurring financial income | 75 | €517 | €622 | +€105 | +20.4% |
| Financial charges | 65/66B | €7,001 | €6,252 | -€749 | -10.7% |
| Recurring financial charges | 65 | €7,001 | €6,252 | -€749 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €87,055 | €79,696 | -€7,359 | -8.5% |
| Income taxes | 67/77 | €24,379 | €25,726 | +€1,347 | +5.5% |
| Profit (loss) for the period | 9904 | €62,676 | €53,970 | -€8,706 | -13.9% |
| Transfer from tax-exempt reserves | 789 | - | €21,054 | +€21,054 | |
| Transfer to tax-exempt reserves | 689 | €21,054 | €0 | -€21,054 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €41,622 | €75,025 | +€33,402 | +80.3% |
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 24 October 2026 via checked.be.