A a Z: 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.
A a Z
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+34.4%), from €3.4m to €4.5m
- Receivables within one year -€160,803
down €160,803 (-100.0%), from €160,803 to €0
- Debts after one year +€624,206
up €624,206 (+21.1%), from €3.0m to €3.6m
- Other debts +€417,379
new in 2025: €417,379
- Profit (loss) carried forward -€105,216
down €105,216 (-8.5%), from -€1.2m to -€1.3m
- Depreciation +€158,000
up €158,000 (+117.3%), from €134,700 to €292,700
- Financial charges +€48,042
up €48,042 (+86.8%), from €55,365 to €103,407
- Gross operating margin +€47,863
up €47,863 (+18.1%), from €263,784 to €311,647
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 | €3,596,424 | €4,588,143 | +€991,718 | +27.6% |
| Fixed assets | 21/28 | €3,379,393 | €4,542,693 | +€1.2m | +34.4% |
| Tangible fixed assets | 22/27 | €3,379,393 | €4,542,693 | +€1.2m | +34.4% |
| Land and buildings | 22 | €3,379,393 | €4,542,693 | +€1.2m | +34.4% |
| Current assets | 29/58 | €217,032 | €45,449 | -€171,582 | -79.1% |
| Amounts receivable within one year | 40/41 | €160,803 | €0 | -€160,803 | -100.0% |
| Other amounts receivable | 41 | €160,803 | €0 | -€160,803 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,229 | €44,740 | -€11,489 | -20.4% |
| Deferred charges and accrued income | 490/1 | - | €709 | +€709 | |
| Total equity and liabilities | 10/49 | €3,596,424 | €4,588,143 | +€991,718 | +27.6% |
| Equity | 10/15 | €456,092 | €350,876 | -€105,216 | -23.1% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Capital | 10 | €122,000 | €122,000 | = | 0.0% |
| Issued capital | 100 | €122,000 | €122,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,573,959 | €1,573,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,239,867 | -€1,345,083 | -€105,216 | -8.5% |
| Amounts payable | 17/49 | €3,140,333 | €4,237,267 | +€1.1m | +34.9% |
| Amounts payable after more than one year | 17 | €2,956,117 | €3,580,323 | +€624,206 | +21.1% |
| Financial debts | 170/4 | €2,956,117 | €3,580,323 | +€624,206 | +21.1% |
| Amounts payable within one year | 42/48 | €184,215 | €649,705 | +€465,490 | +252.7% |
| Current portion of amounts payable after more than one year | 42 | €168,062 | €201,779 | +€33,717 | +20.1% |
| Trade debts | 44 | €16,153 | €30,548 | +€14,394 | +89.1% |
| Suppliers | 440/4 | €16,153 | €30,548 | +€14,394 | +89.1% |
| Other amounts payable | 47/48 | - | €417,379 | +€417,379 | |
| Accrued charges and deferred income | 492/3 | - | €7,238 | +€7,238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,700 | €292,700 | +€158,000 | +117.3% |
| Other operating charges | 640/8 | €20,567 | €20,756 | +€189 | +0.9% |
| Gross operating margin | 9900 | €263,784 | €311,647 | +€47,863 | +18.1% |
| Operating profit (loss) | 9901 | €108,517 | -€1,809 | -€110,325 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €55,365 | €103,407 | +€48,042 | +86.8% |
| Recurring financial charges | 65 | €55,365 | €103,407 | +€48,042 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | €53,152 | -€105,216 | -€158,369 | |
| Profit (loss) for the period | 9904 | €53,152 | -€105,216 | -€158,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,152 | -€105,216 | -€158,369 |
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.