YOUR LANGUAGE: 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 LANGUAGE
Largest movements
- Tangible fixed assets -€8,876
down €8,876 (-1.4%), from €656,391 to €647,515
of which Furniture and vehicles: -€11,938
- Cash -€7,516
down €7,516 (-81.6%), from €9,214 to €1,698
mainly Investment in fixed assets (net) (-€20,726) and Net result for the year (-€16,992)
- Reserves -€10,160
down €10,160 (-8.3%), from €121,711 to €111,551
- Accrued charges and deferred income -€8,774
down €8,774 (-100%), from €8,774 to €0
- Other debts +€8,482
up €8,482 (+2.6%), from €330,095 to €338,577
- Profit (loss) carried forward -€6,832
new in 2025: -€6,832
- Financial charges -€12,767
down €12,767 (-98.5%), from €12,964 to €197
- Depreciation +€1,146
up €1,146 (+4.0%), from €28,456 to €29,602
- Gross operating margin -€1,065
down €1,065 (-6.8%), from €15,764 to €14,700
- Other operating charges -€791
down €791 (-36.3%), from €2,176 to €1,386
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 | €671,319 | €651,979 | -€19,340 | -2.9% |
| Fixed assets | 21/28 | €656,391 | €647,515 | -€8,876 | -1.4% |
| Tangible fixed assets | 22/27 | €656,391 | €647,515 | -€8,876 | -1.4% |
| Land and buildings | 22 | €634,569 | €637,988 | +€3,420 | +0.5% |
| Plant, machinery and equipment | 23 | €1,613 | €1,255 | -€358 | -22.2% |
| Furniture and vehicles | 24 | €20,210 | €8,272 | -€11,938 | -59.1% |
| Current assets | 29/58 | €14,928 | €4,465 | -€10,463 | -70.1% |
| Amounts receivable after more than one year | 29 | €32 | €32 | = | 0.0% |
| Other amounts receivable | 291 | €32 | €32 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,682 | €2,734 | -€2,948 | -51.9% |
| Trade receivables | 40 | €3,941 | €2,172 | -€1,769 | -44.9% |
| Other amounts receivable | 41 | €1,741 | €562 | -€1,178 | -67.7% |
| Cash at bank and in hand | 54/58 | €9,214 | €1,698 | -€7,516 | -81.6% |
| Total equity and liabilities | 10/49 | €671,319 | €651,979 | -€19,340 | -2.9% |
| Equity | 10/15 | €127,911 | €110,919 | -€16,992 | -13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,711 | €111,551 | -€10,160 | -8.3% |
| Distributable reserves | 133 | €121,711 | €111,551 | -€10,160 | -8.3% |
| Profit (loss) carried forward | 14 | - | -€6,832 | -€6,832 | |
| Amounts payable | 17/49 | €543,408 | €541,061 | -€2,348 | -0.4% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €334,634 | €341,061 | +€6,427 | +1.9% |
| Trade debts | 44 | €685 | €2,476 | +€1,791 | +262% |
| Suppliers | 440/4 | €685 | €2,476 | +€1,791 | +262% |
| Taxes, remuneration and social security | 45 | €3,854 | €8 | -€3,846 | -99.8% |
| Taxes | 450/3 | €3,854 | €8 | -€3,846 | -99.8% |
| Other amounts payable | 47/48 | €330,095 | €338,577 | +€8,482 | +2.6% |
| Accrued charges and deferred income | 492/3 | €8,774 | €0 | -€8,774 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,456 | €29,602 | +€1,146 | +4.0% |
| Other operating charges | 640/8 | €2,176 | €1,386 | -€791 | -36.3% |
| Gross operating margin | 9900 | €15,764 | €14,700 | -€1,065 | -6.8% |
| Operating profit (loss) | 9901 | -€14,868 | -€16,288 | -€1,420 | -9.6% |
| Financial income | 75/76B | €2 | €30 | +€28 | +1,696% |
| Recurring financial income | 75 | €2 | €30 | +€28 | +1,696% |
| Financial charges | 65/66B | €12,964 | €197 | -€12,767 | -98.5% |
| Recurring financial charges | 65 | €12,964 | €197 | -€12,767 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,831 | -€16,455 | +€11,376 | +40.9% |
| Income taxes | 67/77 | €551 | €537 | -€14 | -2.5% |
| Profit (loss) for the period | 9904 | -€28,381 | -€16,992 | +€11,389 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,381 | -€16,992 | +€11,389 | +40.1% |
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 29 October 2026 via checked.be.