Simplected: what changed
Simplected
Largest movements
- Tangible fixed assets -€19,459
down €19,459 (-4.7%), from €410,575 to €391,116
of which Land and buildings: -€13,020
- Receivables within one year -€19,393
down €19,393 (-89.2%), from €21,734 to €2,341
of which Trade receivables: -€21,499
- Cash +€8,497
up €8,497 (+54.2%), from €15,685 to €24,183
mainly Other debts (+€38,780) and Depreciation (+€23,491)
- Profit (loss) carried forward -€44,341
down €44,341, from €23,253 to -€21,088
- Other debts +€38,780
up €38,780 (+43.1%), from €89,901 to €128,681
- Debts after one year -€22,242
down €22,242 (-7.5%), from €298,017 to €275,775
- Gross operating margin -€50,280
down €50,280, from €43,630 to -€6,650
- Provisions +€17,500
no longer reported in 2025 (was -€17,500)
- Taxes -€4,141
no longer reported in 2025 (was €4,141)
- Depreciation +€1,559
up €1,559 (+7.1%), from €21,932 to €23,491
- Financial charges -€970
down €970 (-6.7%), from €14,413 to €13,443
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 | €447,995 | €417,640 | -€30,355 | -6.8% |
| Fixed assets | 21/28 | €410,575 | €391,116 | -€19,459 | -4.7% |
| Tangible fixed assets | 22/27 | €410,575 | €391,116 | -€19,459 | -4.7% |
| Land and buildings | 22 | €353,460 | €340,440 | -€13,020 | -3.7% |
| Plant, machinery and equipment | 23 | €9,657 | €6,438 | -€3,219 | -33.3% |
| Furniture and vehicles | 24 | €2,934 | €1,237 | -€1,697 | -57.8% |
| Other tangible fixed assets | 26 | €44,524 | €43,001 | -€1,523 | -3.4% |
| Current assets | 29/58 | €37,420 | €26,524 | -€10,896 | -29.1% |
| Amounts receivable within one year | 40/41 | €21,734 | €2,341 | -€19,393 | -89.2% |
| Trade receivables | 40 | €21,734 | €235 | -€21,499 | -98.9% |
| Other amounts receivable | 41 | - | €2,106 | +€2,106 | |
| Cash at bank and in hand | 54/58 | €15,685 | €24,183 | +€8,497 | +54.2% |
| Total equity and liabilities | 10/49 | €447,995 | €417,640 | -€30,355 | -6.8% |
| Equity | 10/15 | €31,253 | -€13,088 | -€44,341 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,253 | -€21,088 | -€44,341 | |
| Amounts payable | 17/49 | €416,742 | €430,728 | +€13,986 | +3.4% |
| Amounts payable after more than one year | 17 | €298,017 | €275,775 | -€22,242 | -7.5% |
| Financial debts | 170/4 | €298,017 | €275,775 | -€22,242 | -7.5% |
| Amounts payable within one year | 42/48 | €118,725 | €154,954 | +€36,228 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €21,301 | €22,242 | +€941 | +4.4% |
| Trade debts | 44 | €62 | - | -€62 | |
| Suppliers | 440/4 | €62 | - | -€62 | |
| Advances received on contracts in progress | 46 | €162 | - | -€162 | |
| Taxes, remuneration and social security | 45 | €7,299 | €4,031 | -€3,268 | -44.8% |
| Taxes | 450/3 | €7,299 | €4,031 | -€3,268 | -44.8% |
| Other amounts payable | 47/48 | €89,901 | €128,681 | +€38,780 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,932 | €23,491 | +€1,559 | +7.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,500 | - | +€17,500 | |
| Other operating charges | 640/8 | €601 | €753 | +€152 | +25.2% |
| Non-recurring operating charges | 66A | €283 | €5 | -€278 | -98.3% |
| Gross operating margin | 9900 | €43,630 | -€6,650 | -€50,280 | |
| Operating profit (loss) | 9901 | €38,315 | -€30,898 | -€69,212 | |
| Financial charges | 65/66B | €14,413 | €13,443 | -€970 | -6.7% |
| Recurring financial charges | 65 | €14,413 | €13,443 | -€970 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €23,902 | -€44,341 | -€68,243 | |
| Income taxes | 67/77 | €4,141 | - | -€4,141 | |
| Profit (loss) for the period | 9904 | €19,761 | -€44,341 | -€64,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,761 | -€44,341 | -€64,102 |
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 2 November 2026 via checked.be.