NEW PART: 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.
NEW PART
Largest movements
- Receivables within one year +€485,131
up €485,131 (+2841.4%), from €17,074 to €502,205
of which Other amounts receivable: +€501,180
- Financial fixed assets +€148,763
up €148,763 (+4.5%), from €3.3m to €3.4m
- Reserves +€2.3m
new in 2025: €2.3m
- Debts after one year -€1.6m
no longer reported in 2025 (was €1.6m)
- Financial income +€2.3m
new in 2025: €2.3m
- Financial charges -€18,667
down €18,667 (-30.4%), from €61,344 to €42,677
- Gross operating margin -€6,770
down €6,770 (-10.8%), from €62,463 to €55,692
- Taxes +€5,362
up €5,362 (+2104.5%), from €255 to €5,617
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.
Cash bridge derived
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 | €3,325,683 | €3,985,395 | +€659,712 | +19.8% |
| Fixed assets | 21/28 | €3,297,257 | €3,446,021 | +€148,763 | +4.5% |
| Financial fixed assets | 28 | €3,297,257 | €3,446,021 | +€148,763 | +4.5% |
| Current assets | 29/58 | €28,425 | €539,374 | +€510,949 | +1797.5% |
| Amounts receivable within one year | 40/41 | €17,074 | €502,205 | +€485,131 | +2841.4% |
| Trade receivables | 40 | €16,048 | - | -€16,048 | |
| Other amounts receivable | 41 | €1,025 | €502,205 | +€501,180 | +48882.7% |
| Cash at bank and in hand | 54/58 | €11,352 | €31,883 | +€20,531 | +180.9% |
| Deferred charges and accrued income | 490/1 | - | €5,287 | +€5,287 | |
| Total equity and liabilities | 10/49 | €3,325,683 | €3,985,395 | +€659,712 | +19.8% |
| Equity | 10/15 | €1,663,764 | €3,972,768 | +€2.3m | +138.8% |
| Contributions | 10/11 | €1,663,000 | €1,663,000 | = | 0.0% |
| Reserves | 13 | - | €2,309,000 | +€2.3m | |
| Distributable reserves | 133 | - | €2,309,000 | +€2.3m | |
| Profit (loss) carried forward | 14 | €764 | €768 | +€4 | +0.5% |
| Amounts payable | 17/49 | €1,661,918 | €12,627 | -€1.6m | -99.2% |
| Amounts payable after more than one year | 17 | €1,635,000 | - | -€1.6m | |
| Financial debts | 170/4 | €1,635,000 | - | -€1.6m | |
| Amounts payable within one year | 42/48 | €26,853 | €12,560 | -€14,293 | -53.2% |
| Trade debts | 44 | €13,187 | €7,866 | -€5,321 | -40.4% |
| Suppliers | 440/4 | €13,187 | €7,866 | -€5,321 | -40.4% |
| Taxes, remuneration and social security | 45 | €8,547 | €4,694 | -€3,853 | -45.1% |
| Taxes | 450/3 | €8,547 | €4,694 | -€3,853 | -45.1% |
| Other amounts payable | 47/48 | €5,119 | - | -€5,119 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Other operating charges | 640/8 | €100 | €0 | -€100 | -100.0% |
| Gross operating margin | 9900 | €62,463 | €55,692 | -€6,770 | -10.8% |
| Operating profit (loss) | 9901 | €62,363 | €55,692 | -€6,671 | -10.7% |
| Financial income | 75/76B | - | €2,301,606 | +€2.3m | |
| Recurring financial income | 75 | - | €2,301,606 | +€2.3m | |
| Financial charges | 65/66B | €61,344 | €42,677 | -€18,667 | -30.4% |
| Recurring financial charges | 65 | €61,344 | €42,677 | -€18,667 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €1,019 | €2,314,621 | +€2.3m | +226990.6% |
| Income taxes | 67/77 | €255 | €5,617 | +€5,362 | +2104.5% |
| Profit (loss) for the period | 9904 | €764 | €2,309,004 | +€2.3m | +301951.7% |
| Profit (loss) for the period to be appropriated | 9905 | €764 | €2,309,004 | +€2.3m | +301951.7% |
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 10 October 2026 via checked.be.