9&10: 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.
9&10
Largest movements
- Financial fixed assets -€135,000
down €135,000 (-18.1%), from €745,437 to €610,437
- Cash +€120,996
up €120,996 (+132.5%), from €91,308 to €212,304
mainly Investment in fixed assets (net) (+€135,000) and Depreciation (+€17,996)
- Other debts -€58,725
down €58,725 (-82.3%), from €71,340 to €12,615
- Gross operating margin +€9,372
up €9,372 (+27.9%), from €33,575 to €42,947
- Taxes +€4,968
up €4,968 (+1134.3%), from €438 to €5,406
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 | €2,086,241 | €2,054,292 | -€31,949 | -1.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,216,796 | €1,063,800 | -€152,996 | -12.6% |
| Tangible fixed assets | 22/27 | €471,359 | €453,363 | -€17,996 | -3.8% |
| Land and buildings | 22 | €469,913 | €452,398 | -€17,514 | -3.7% |
| Other tangible fixed assets | 26 | €1,446 | €964 | -€482 | -33.3% |
| Financial fixed assets | 28 | €745,437 | €610,437 | -€135,000 | -18.1% |
| Current assets | 29/58 | €869,445 | €990,492 | +€121,047 | +13.9% |
| Stocks and contracts in progress | 3 | €194,288 | €194,288 | = | 0.0% |
| Stocks | 30/36 | €194,288 | €194,288 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €583,849 | €583,901 | +€51 | 0.0% |
| Trade receivables | 40 | - | €51 | +€51 | |
| Other amounts receivable | 41 | €583,849 | €583,849 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,308 | €212,304 | +€120,996 | +132.5% |
| Total equity and liabilities | 10/49 | €2,086,241 | €2,054,292 | -€31,949 | -1.5% |
| Equity | 10/15 | €1,337,578 | €1,352,009 | +€14,431 | +1.1% |
| Contributions | 10/11 | €218,000 | €218,000 | = | 0.0% |
| Reserves | 13 | €23,300 | €23,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,300 | €23,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,300 | €23,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,096,278 | €1,110,709 | +€14,431 | +1.3% |
| Amounts payable | 17/49 | €748,664 | €702,283 | -€46,381 | -6.2% |
| Amounts payable within one year | 42/48 | €748,664 | €702,283 | -€46,381 | -6.2% |
| Trade debts | 44 | €5,244 | €5,120 | -€123 | -2.3% |
| Suppliers | 440/4 | €5,244 | €5,120 | -€123 | -2.3% |
| Advances received on contracts in progress | 46 | €671,643 | €679,143 | +€7,500 | +1.1% |
| Taxes, remuneration and social security | 45 | €438 | €5,406 | +€4,968 | +1134.3% |
| Taxes | 450/3 | €438 | €5,406 | +€4,968 | +1134.3% |
| Other amounts payable | 47/48 | €71,340 | €12,615 | -€58,725 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,996 | €17,996 | = | 0.0% |
| Other operating charges | 640/8 | €4,641 | €4,948 | +€307 | +6.6% |
| Gross operating margin | 9900 | €33,575 | €42,947 | +€9,372 | +27.9% |
| Operating profit (loss) | 9901 | €10,938 | €20,003 | +€9,065 | +82.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €173 | €166 | -€7 | -4.2% |
| Recurring financial charges | 65 | €173 | €166 | -€7 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €10,765 | €19,837 | +€9,072 | +84.3% |
| Income taxes | 67/77 | €438 | €5,406 | +€4,968 | +1134.3% |
| Profit (loss) for the period | 9904 | €10,327 | €14,431 | +€4,105 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,327 | €14,431 | +€4,105 | +39.7% |
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 6 October 2026 via checked.be.