ADDED VALUE SERVICES: 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.
ADDED VALUE SERVICES
Largest movements
- Tangible fixed assets -€119,213
down €119,213 (-5.1%), from €2.3m to €2.2m
of which Land and buildings: -€98,974
- Receivables within one year +€37,345
up €37,345 (+309%), from €12,083 to €49,428
of which Trade receivables: +€38,514
- Deferred charges and accrued income -€24,344
down €24,344 (-49.9%), from €48,792 to €24,448
- Profit (loss) carried forward -€274,525
down €274,525 (-14.6%), from -€1.9m to -€2.2m
- Other debts +€148,963
up €148,963 (+112%), from €133,061 to €282,024
- Revaluation surpluses -€35,588
down €35,588 (-2.7%), from €1.3m to €1.3m
- Reserves +€35,588
up €35,588 (+28.6%), from €124,494 to €160,082
of which Distributable reserves: +€35,588
- Gross operating margin -€257,628
down €257,628, from €154,146 to -€103,482
- Staff costs -€33,662
down €33,662 (-47.8%), from €70,395 to €36,733
- Depreciation +€3,190
up €3,190 (+2.7%), from €116,022 to €119,213
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 | €2,428,950 | €2,319,817 | -€109,133 | -4.5% |
| Fixed assets | 21/28 | €2,348,567 | €2,229,355 | -€119,213 | -5.1% |
| Tangible fixed assets | 22/27 | €2,348,567 | €2,229,355 | -€119,213 | -5.1% |
| Land and buildings | 22 | €2,287,533 | €2,188,559 | -€98,974 | -4.3% |
| Furniture and vehicles | 24 | €49,683 | €33,747 | -€15,936 | -32.1% |
| Other tangible fixed assets | 26 | €11,352 | €7,049 | -€4,303 | -37.9% |
| Current assets | 29/58 | €80,383 | €90,462 | +€10,079 | +12.5% |
| Amounts receivable within one year | 40/41 | €12,083 | €49,428 | +€37,345 | +309% |
| Trade receivables | 40 | €10,467 | €48,981 | +€38,514 | +368% |
| Other amounts receivable | 41 | €1,616 | €447 | -€1,169 | -72.4% |
| Cash at bank and in hand | 54/58 | €19,508 | €16,586 | -€2,922 | -15.0% |
| Deferred charges and accrued income | 490/1 | €48,792 | €24,448 | -€24,344 | -49.9% |
| Total equity and liabilities | 10/49 | €2,428,950 | €2,319,817 | -€109,133 | -4.5% |
| Equity | 10/15 | €1,055,102 | €780,577 | -€274,525 | -26.0% |
| Contributions | 10/11 | €1,477,000 | €1,477,000 | = | 0.0% |
| Capital | 10 | €1,477,000 | €1,477,000 | = | 0.0% |
| Issued capital | 100 | €1,477,000 | €1,477,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,330,344 | €1,294,756 | -€35,588 | -2.7% |
| Reserves | 13 | €124,494 | €160,082 | +€35,588 | +28.6% |
| Non-distributable reserves | 130/1 | €5,284 | €5,284 | = | 0.0% |
| Legal reserve | 130 | €5,284 | €5,284 | = | 0.0% |
| Distributable reserves | 133 | €119,210 | €154,798 | +€35,588 | +29.9% |
| Profit (loss) carried forward | 14 | -€1,876,736 | -€2,151,260 | -€274,525 | -14.6% |
| Amounts payable | 17/49 | €1,373,848 | €1,539,239 | +€165,391 | +12.0% |
| Amounts payable after more than one year | 17 | €1,200,000 | €1,200,000 | = | 0.0% |
| Financial debts | 170/4 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €173,848 | €332,039 | +€158,191 | +91.0% |
| Trade debts | 44 | €22,871 | €28,822 | +€5,951 | +26.0% |
| Suppliers | 440/4 | €22,871 | €28,822 | +€5,951 | +26.0% |
| Taxes, remuneration and social security | 45 | €17,915 | €21,193 | +€3,277 | +18.3% |
| Taxes | 450/3 | €13,551 | €16,672 | +€3,121 | +23.0% |
| Remuneration and social security | 454/9 | €4,364 | €4,521 | +€156 | +3.6% |
| Other amounts payable | 47/48 | €133,061 | €282,024 | +€148,963 | +112% |
| Accrued charges and deferred income | 492/3 | - | €7,200 | +€7,200 | |
| Remuneration, social security and pensions | 62 | €70,395 | €36,733 | -€33,662 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,022 | €119,213 | +€3,190 | +2.7% |
| Other operating charges | 640/8 | €8,874 | €8,865 | -€8 | -0.1% |
| Gross operating margin | 9900 | €154,146 | -€103,482 | -€257,628 | |
| Operating profit (loss) | 9901 | -€41,144 | -€268,293 | -€227,149 | -552% |
| Financial income | 75/76B | €5 | €4 | -€1 | -15.4% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -15.4% |
| Financial charges | 65/66B | €6,866 | €6,235 | -€631 | -9.2% |
| Recurring financial charges | 65 | €6,866 | €6,235 | -€631 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,005 | -€274,524 | -€226,518 | -472% |
| Income taxes | 67/77 | €1,015 | €1 | -€1,013 | -99.9% |
| Profit (loss) for the period | 9904 | -€49,020 | -€274,525 | -€225,505 | -460% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,020 | -€274,525 | -€225,505 | -460% |
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 17 October 2026 via checked.be.