Stuff: what changed
Stuff
Largest movements
- Tangible fixed assets -€200,602
no longer reported in 2025 (was €200,602)
of which Land and buildings: -€167,819
- Cash +€54,888
up €54,888 (+924,037%), from €6 to €54,894
mainly Investment in fixed assets (net) (+€200,602) and Net result for the year (+€58,436)
- Stocks and contracts -€10,159
no longer reported in 2025 (was €10,159)
- Other debts -€235,316
down €235,316 (-100.0%), from €235,352 to €37
- Profit (loss) carried forward +€58,436
up €58,436 (+47.8%), from -€122,351 to -€63,915
- Tax, wage and social debts +€27,146
up €27,146 (+11,206%), from €242 to €27,388
- Trade debts -€6,282
no longer reported in 2025 (was €6,282)
- Gross operating margin +€315,211
up €315,211, from -€21,675 to €293,535
- Depreciation -€23,755
no longer reported in 2025 (was €23,755)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,455 | €54,961 | -€157,493 | -74.1% |
| Fixed assets | 21/28 | €200,602 | - | -€200,602 | |
| Tangible fixed assets | 22/27 | €200,602 | - | -€200,602 | |
| Land and buildings | 22 | €167,819 | - | -€167,819 | |
| Plant, machinery and equipment | 23 | €8,256 | - | -€8,256 | |
| Furniture and vehicles | 24 | €24,527 | - | -€24,527 | |
| Current assets | 29/58 | €11,852 | €54,961 | +€43,109 | +364% |
| Stocks and contracts in progress | 3 | €10,159 | - | -€10,159 | |
| Stocks | 30/36 | €10,159 | - | -€10,159 | |
| Amounts receivable within one year | 40/41 | €1,688 | - | -€1,688 | |
| Trade receivables | 40 | €1,675 | - | -€1,675 | |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €6 | €54,894 | +€54,888 | +924,037% |
| Deferred charges and accrued income | 490/1 | - | €68 | +€68 | |
| Total equity and liabilities | 10/49 | €212,455 | €54,961 | -€157,493 | -74.1% |
| Equity | 10/15 | -€30,900 | €27,536 | +€58,436 | |
| Contributions | 10/11 | €89,592 | €89,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,351 | -€63,915 | +€58,436 | +47.8% |
| Amounts payable | 17/49 | €243,355 | €27,425 | -€215,930 | -88.7% |
| Amounts payable within one year | 42/48 | €243,355 | €27,425 | -€215,930 | -88.7% |
| Financial debts | 43 | €1,478 | - | -€1,478 | |
| Credit institutions | 430/8 | €1,478 | - | -€1,478 | |
| Trade debts | 44 | €6,282 | - | -€6,282 | |
| Suppliers | 440/4 | €6,282 | - | -€6,282 | |
| Taxes, remuneration and social security | 45 | €242 | €27,388 | +€27,146 | +11,206% |
| Taxes | 450/3 | €242 | €27,388 | +€27,146 | +11,206% |
| Other amounts payable | 47/48 | €235,352 | €37 | -€235,316 | -100.0% |
| Non-recurring operating income | 76A | - | €297,675 | +€297,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,755 | - | -€23,755 | |
| Other operating charges | 640/8 | €1,889 | €1,201 | -€688 | -36.4% |
| Non-recurring operating charges | 66A | - | €233,851 | +€233,851 | |
| Gross operating margin | 9900 | -€21,675 | €293,535 | +€315,211 | |
| Operating profit (loss) | 9901 | -€47,319 | €58,484 | +€105,803 | |
| Financial income | 75/76B | €8 | €38 | +€30 | +380% |
| Recurring financial income | 75 | €8 | €38 | +€30 | +380% |
| Financial charges | 65/66B | €129 | €86 | -€43 | -33.6% |
| Recurring financial charges | 65 | €129 | €86 | -€43 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,440 | €58,436 | +€105,877 | |
| Profit (loss) for the period | 9904 | -€47,440 | €58,436 | +€105,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,440 | €58,436 | +€105,877 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.