529: 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.
529
Largest movements
- Cash -€29,105
down €29,105 (-53.3%), from €54,650 to €25,545
mainly Investment in fixed assets (net) (-€35,618) and Tax, wage and social debts (-€8,550)
- Financial fixed assets +€25,000
new in 2025: €25,000
- Tangible fixed assets +€4,793
up €4,793 (+41.6%), from €11,528 to €16,321
- Receivables within one year +€4,472
up €4,472 (+14.3%), from €31,315 to €35,787
of which Other amounts receivable: +€8,765
- Reserves +€9,192
up €9,192 (+17.6%), from €52,283 to €61,474
- Tax, wage and social debts -€8,550
down €8,550 (-58.2%), from €14,684 to €6,134
- Other debts +€6,907
up €6,907 (+38.8%), from €17,780 to €24,687
- Trade debts -€3,873
down €3,873 (-33.2%), from €11,654 to €7,781
- Accrued charges and deferred income +€1,484
new in 2025: €1,484
- Gross operating margin -€44,856
down €44,856 (-67.5%), from €66,438 to €21,581
- Taxes -€10,914
down €10,914 (-74.3%), from €14,684 to €3,770
- Depreciation +€4,380
up €4,380 (+303.0%), from €1,445 to €5,826
- Financial income -€3,503
down €3,503 (-99.9%), from €3,508 to €4
- Financial charges +€1,511
up €1,511 (+2447.2%), from €62 to €1,573
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 | €98,400 | €103,560 | +€5,160 | +5.2% |
| Fixed assets | 21/28 | €11,528 | €41,321 | +€29,793 | +258.4% |
| Tangible fixed assets | 22/27 | €11,528 | €16,321 | +€4,793 | +41.6% |
| Furniture and vehicles | 24 | €11,528 | €16,321 | +€4,793 | +41.6% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €86,873 | €62,240 | -€24,633 | -28.4% |
| Amounts receivable within one year | 40/41 | €31,315 | €35,787 | +€4,472 | +14.3% |
| Trade receivables | 40 | €28,850 | €24,557 | -€4,293 | -14.9% |
| Other amounts receivable | 41 | €2,465 | €11,230 | +€8,765 | +355.5% |
| Cash at bank and in hand | 54/58 | €54,650 | €25,545 | -€29,105 | -53.3% |
| Deferred charges and accrued income | 490/1 | €907 | €907 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €98,400 | €103,560 | +€5,160 | +5.2% |
| Equity | 10/15 | €54,283 | €63,474 | +€9,192 | +16.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €52,283 | €61,474 | +€9,192 | +17.6% |
| Distributable reserves | 133 | €52,283 | €61,474 | +€9,192 | +17.6% |
| Amounts payable | 17/49 | €44,118 | €40,086 | -€4,032 | -9.1% |
| Amounts payable within one year | 42/48 | €44,118 | €38,602 | -€5,516 | -12.5% |
| Trade debts | 44 | €11,654 | €7,781 | -€3,873 | -33.2% |
| Suppliers | 440/4 | €11,654 | €7,781 | -€3,873 | -33.2% |
| Taxes, remuneration and social security | 45 | €14,684 | €6,134 | -€8,550 | -58.2% |
| Taxes | 450/3 | €14,684 | €6,134 | -€8,550 | -58.2% |
| Other amounts payable | 47/48 | €17,780 | €24,687 | +€6,907 | +38.8% |
| Accrued charges and deferred income | 492/3 | - | €1,484 | +€1,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €5,826 | +€4,380 | +303.0% |
| Other operating charges | 640/8 | €1,472 | €1,225 | -€247 | -16.8% |
| Gross operating margin | 9900 | €66,438 | €21,581 | -€44,856 | -67.5% |
| Operating profit (loss) | 9901 | €63,521 | €14,531 | -€48,990 | -77.1% |
| Financial income | 75/76B | €3,508 | €4 | -€3,503 | -99.9% |
| Recurring financial income | 75 | €3,508 | €4 | -€3,503 | -99.9% |
| Financial charges | 65/66B | €62 | €1,573 | +€1,511 | +2447.2% |
| Recurring financial charges | 65 | €62 | €1,573 | +€1,511 | +2447.2% |
| Profit (loss) for the period before taxes | 9903 | €66,967 | €12,962 | -€54,005 | -80.6% |
| Income taxes | 67/77 | €14,684 | €3,770 | -€10,914 | -74.3% |
| Profit (loss) for the period | 9904 | €52,283 | €9,192 | -€43,091 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,283 | €9,192 | -€43,091 | -82.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.