A & D: 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.
A & D
Largest movements
- Current investments +€110,000
new in 2025: €110,000
- Financial fixed assets -€85,316
down €85,316 (-100%), from €85,316 to €0
- Cash -€6,724
down €6,724 (-60.9%), from €11,049 to €4,324
mainly Current investments (-€110,000) and Other debts (-€26,682)
- Reserves +€41,437
up €41,437 (+85.8%), from €48,287 to €89,724
- Other debts -€26,682
down €26,682 (-98.4%), from €27,128 to €446
- Tax, wage and social debts +€5,541
up €5,541 (+1,021%), from €543 to €6,083
- Profit (loss) carried forward -€1,287
down €1,287 (-100%), from €1,287 to €0
- Financial income +€71,480
up €71,480 (+3,228%), from €2,215 to €73,694
of which Non-recurring financial income: +€72,910
- Gross operating margin -€26,910
down €26,910, from €1,425 to -€25,485
- Taxes +€3,987
up €3,987 (+2,546%), from €157 to €4,144
- Financial charges +€622
up €622 (+46.0%), from €1,352 to €1,975
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.
Derived cash bridge
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 | €96,365 | €115,424 | +€19,060 | +19.8% |
| Fixed assets | 21/28 | €85,316 | €0 | -€85,316 | -100% |
| Financial fixed assets | 28 | €85,316 | €0 | -€85,316 | -100% |
| Current assets | 29/58 | €11,049 | €115,424 | +€104,376 | +945% |
| Amounts receivable within one year | 40/41 | - | €1,100 | +€1,100 | |
| Trade receivables | 40 | - | €1,100 | +€1,100 | |
| Current investments | 50/53 | - | €110,000 | +€110,000 | |
| Cash at bank and in hand | 54/58 | €11,049 | €4,324 | -€6,724 | -60.9% |
| Total equity and liabilities | 10/49 | €96,365 | €115,424 | +€19,060 | +19.8% |
| Equity | 10/15 | €68,166 | €108,316 | +€40,150 | +58.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,287 | €89,724 | +€41,437 | +85.8% |
| Distributable reserves | 133 | €48,287 | €89,724 | +€41,437 | +85.8% |
| Profit (loss) carried forward | 14 | €1,287 | €0 | -€1,287 | -100% |
| Amounts payable | 17/49 | €28,198 | €7,108 | -€21,090 | -74.8% |
| Amounts payable within one year | 42/48 | €28,198 | €7,108 | -€21,090 | -74.8% |
| Trade debts | 44 | €528 | €579 | +€51 | +9.7% |
| Suppliers | 440/4 | €528 | €579 | +€51 | +9.7% |
| Taxes, remuneration and social security | 45 | €543 | €6,083 | +€5,541 | +1,021% |
| Taxes | 450/3 | €543 | €6,083 | +€5,541 | +1,021% |
| Other amounts payable | 47/48 | €27,128 | €446 | -€26,682 | -98.4% |
| Other operating charges | 640/8 | €565 | €654 | +€89 | +15.8% |
| Gross operating margin | 9900 | €1,425 | -€25,485 | -€26,910 | |
| Operating profit (loss) | 9901 | €860 | -€26,139 | -€26,999 | |
| Financial income | 75/76B | €2,215 | €73,694 | +€71,480 | +3,228% |
| Recurring financial income | 75 | €2,215 | €784 | -€1,430 | -64.6% |
| Non-recurring financial income | 76B | - | €72,910 | +€72,910 | |
| Financial charges | 65/66B | €1,352 | €1,975 | +€622 | +46.0% |
| Recurring financial charges | 65 | €1,352 | €1,975 | +€622 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €1,722 | €45,580 | +€43,858 | +2,546% |
| Income taxes | 67/77 | €157 | €4,144 | +€3,987 | +2,546% |
| Profit (loss) for the period | 9904 | €1,566 | €41,437 | +€39,871 | +2,546% |
| Profit (loss) for the period to be appropriated | 9905 | €1,566 | €41,437 | +€39,871 | +2,546% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.