EMOTION: 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.
EMOTION
Largest movements
- Tangible fixed assets -€34,231
down €34,231 (-7.1%), from €479,484 to €445,253
of which Land and buildings: -€35,165
- Cash +€32,883
up €32,883 (+1,508%), from €2,181 to €35,063
mainly Net result for the year (+€58,385) and Depreciation (+€48,063)
- Deferred charges and accrued income -€11,580
down €11,580 (-83.4%), from €13,890 to €2,310
- Other debts -€69,828
down €69,828 (-98.8%), from €70,661 to €833
- Reserves +€48,380
up €48,380 (+50.0%), from €96,850 to €145,230
of which Distributable reserves: +€58,380
- Contributions +€10,000
up €10,000 (+10.0%), from €100,000 to €110,000
- Gross operating margin -€2,510
down €2,510 (-2.0%), from €123,507 to €120,997
- Other operating charges -€1,289
down €1,289 (-14.0%), from €9,234 to €7,945
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 | €497,415 | €482,727 | -€14,688 | -3.0% |
| Fixed assets | 21/28 | €479,484 | €445,253 | -€34,231 | -7.1% |
| Tangible fixed assets | 22/27 | €479,484 | €445,253 | -€34,231 | -7.1% |
| Land and buildings | 22 | €435,296 | €400,131 | -€35,165 | -8.1% |
| Plant, machinery and equipment | 23 | €20,361 | €27,642 | +€7,281 | +35.8% |
| Furniture and vehicles | 24 | €23,827 | €17,480 | -€6,347 | -26.6% |
| Current assets | 29/58 | €17,931 | €37,474 | +€19,543 | +109% |
| Stocks and contracts in progress | 3 | €225 | - | -€225 | |
| Stocks | 30/36 | €225 | - | -€225 | |
| Amounts receivable within one year | 40/41 | €1,636 | €101 | -€1,535 | -93.8% |
| Trade receivables | 40 | - | €10 | +€10 | |
| Other amounts receivable | 41 | €1,636 | €90 | -€1,545 | -94.5% |
| Cash at bank and in hand | 54/58 | €2,181 | €35,063 | +€32,883 | +1,508% |
| Deferred charges and accrued income | 490/1 | €13,890 | €2,310 | -€11,580 | -83.4% |
| Total equity and liabilities | 10/49 | €497,415 | €482,727 | -€14,688 | -3.0% |
| Equity | 10/15 | €408,178 | €465,730 | +€57,552 | +14.1% |
| Contributions | 10/11 | €100,000 | €110,000 | +€10,000 | +10.0% |
| Reserves | 13 | €96,850 | €145,230 | +€48,380 | +50.0% |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €86,850 | €145,230 | +€58,380 | +67.2% |
| Profit (loss) carried forward | 14 | €211,328 | €210,500 | -€828 | -0.4% |
| Amounts payable | 17/49 | €89,237 | €16,998 | -€72,240 | -81.0% |
| Amounts payable within one year | 42/48 | €88,805 | €16,691 | -€72,114 | -81.2% |
| Trade debts | 44 | €9,528 | €8,218 | -€1,310 | -13.7% |
| Suppliers | 440/4 | €9,528 | €8,218 | -€1,310 | -13.7% |
| Taxes, remuneration and social security | 45 | €8,615 | €7,640 | -€976 | -11.3% |
| Taxes | 450/3 | €8,615 | €7,640 | -€976 | -11.3% |
| Other amounts payable | 47/48 | €70,661 | €833 | -€69,828 | -98.8% |
| Accrued charges and deferred income | 492/3 | €432 | €307 | -€126 | -29.1% |
| Non-recurring operating income | 76A | €2,980 | €6,122 | +€3,142 | +105% |
| Remuneration, social security and pensions | 62 | €189 | - | -€189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,863 | €48,063 | +€1,200 | +2.6% |
| Other operating charges | 640/8 | €9,234 | €7,945 | -€1,289 | -14.0% |
| Gross operating margin | 9900 | €123,507 | €120,997 | -€2,510 | -2.0% |
| Operating profit (loss) | 9901 | €67,221 | €64,990 | -€2,231 | -3.3% |
| Financial income | 75/76B | €35 | €46 | +€11 | +32.7% |
| Recurring financial income | 75 | €35 | €46 | +€11 | +32.7% |
| Financial charges | 65/66B | €450 | €423 | -€26 | -5.9% |
| Recurring financial charges | 65 | €450 | €423 | -€26 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €66,806 | €64,613 | -€2,193 | -3.3% |
| Income taxes | 67/77 | €6,249 | €6,228 | -€22 | -0.3% |
| Profit (loss) for the period | 9904 | €60,557 | €58,385 | -€2,171 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,557 | €58,385 | -€2,171 | -3.6% |
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 16 October 2026 via checked.be.