500: what changed
Two fiscal 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.
500
Largest movements
- Tangible fixed assets -€31,147
down €31,147 (-4.7%), from €663,909 to €632,763
of which Land and buildings: -€29,656
- Receivables within one year -€7,083
down €7,083 (-97.2%), from €7,284 to €201
of which Trade receivables: -€7,284
- Profit (loss) carried forward -€20,158
down €20,158 (-41.1%), from €49,065 to €28,907
- Debts after one year -€16,560
down €16,560 (-11.2%), from €147,635 to €131,075
of which Financial debts: -€16,560
- Reserves -€7,688
down €7,688 (-2.3%), from €328,870 to €321,182
of which Tax-exempt reserves: -€7,688
- Gross operating margin +€6,566
up €6,566 (+97.7%), from €6,718 to €13,284
- Depreciation -€5,640
down €5,640 (-15.3%), from €36,786 to €31,147
- Financial charges +€2,197
up €2,197 (+47.7%), from €4,601 to €6,799
- Taxes -€1,111
down €1,111 (-21.5%), from €5,176 to €4,065
- Other operating charges -€321
down €321 (-16.0%), from €2,003 to €1,683
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 | €679,960 | €634,952 | -€45,009 | -6.6% |
| Fixed assets | 21/28 | €664,259 | €632,763 | -€31,497 | -4.7% |
| Tangible fixed assets | 22/27 | €663,909 | €632,763 | -€31,147 | -4.7% |
| Land and buildings | 22 | €649,859 | €620,203 | -€29,656 | -4.6% |
| Plant, machinery and equipment | 23 | €14,050 | €12,560 | -€1,491 | -10.6% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €15,701 | €2,189 | -€13,512 | -86.1% |
| Amounts receivable within one year | 40/41 | €7,284 | €201 | -€7,083 | -97.2% |
| Trade receivables | 40 | €7,284 | - | -€7,284 | |
| Other amounts receivable | 41 | - | €201 | +€201 | |
| Cash at bank and in hand | 54/58 | €8,417 | €1,988 | -€6,429 | -76.4% |
| Total equity and liabilities | 10/49 | €679,960 | €634,952 | -€45,009 | -6.6% |
| Equity | 10/15 | €399,935 | €372,089 | -€27,846 | -7.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €328,870 | €321,182 | -€7,688 | -2.3% |
| Tax-exempt reserves | 132 | €202,360 | €194,672 | -€7,688 | -3.8% |
| Distributable reserves | 133 | €126,510 | €126,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,065 | €28,907 | -€20,158 | -41.1% |
| Provisions and deferred taxes | 16 | €61,203 | €58,641 | -€2,563 | -4.2% |
| Deferred taxes | 168 | €61,203 | €58,641 | -€2,563 | -4.2% |
| Amounts payable | 17/49 | €218,822 | €204,223 | -€14,600 | -6.7% |
| Amounts payable after more than one year | 17 | €147,635 | €131,075 | -€16,560 | -11.2% |
| Financial debts | 170/4 | €49,635 | €33,075 | -€16,560 | -33.4% |
| Other amounts payable | 178/9 | €98,000 | €98,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,187 | €71,188 | +€0 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €16,560 | €16,560 | = | 0.0% |
| Trade debts | 44 | €5,027 | €7,209 | +€2,182 | +43.4% |
| Suppliers | 440/4 | €5,027 | €7,209 | +€2,182 | +43.4% |
| Taxes, remuneration and social security | 45 | €6,931 | €4,065 | -€2,866 | -41.3% |
| Taxes | 450/3 | €6,931 | €4,065 | -€2,866 | -41.3% |
| Other amounts payable | 47/48 | €42,669 | €43,353 | +€684 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €1,960 | +€1,960 | |
| Non-recurring operating income | 76A | - | €8,198 | +€8,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,786 | €31,147 | -€5,640 | -15.3% |
| Other operating charges | 640/8 | €2,003 | €1,683 | -€321 | -16.0% |
| Gross operating margin | 9900 | €6,718 | €13,284 | +€6,566 | +97.7% |
| Operating profit (loss) | 9901 | -€32,072 | -€19,545 | +€12,527 | +39.1% |
| Financial income | 75/76B | €4 | €0 | -€3 | -98.0% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -98.0% |
| Financial charges | 65/66B | €4,601 | €6,799 | +€2,197 | +47.7% |
| Recurring financial charges | 65 | €4,601 | €6,799 | +€2,197 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,670 | -€26,343 | +€10,326 | +28.2% |
| Transfer from deferred taxes | 780 | €2,045 | €2,563 | +€518 | +25.3% |
| Income taxes | 67/77 | €5,176 | €4,065 | -€1,111 | -21.5% |
| Profit (loss) for the period | 9904 | -€39,801 | -€27,846 | +€11,955 | +30.0% |
| Transfer from tax-exempt reserves | 789 | €6,134 | €7,688 | +€1,554 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,667 | -€20,158 | +€13,509 | +40.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.