A EN B MODE: 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 EN B MODE
Largest movements
- Cash -€84,757
down €84,757 (-43.9%), from €193,207 to €108,450
mainly Contributions, distributions and other (-€159,382) and Investment in fixed assets (net) (-€50,309)
- Stocks and contracts +€31,255
up €31,255 (+12.4%), from €252,076 to €283,332
- Tangible fixed assets +€23,744
up €23,744 (+7.2%), from €329,475 to €353,218
of which Furniture and vehicles: +€40,619
- Other debts +€134,174
up €134,174 (+78.2%), from €171,469 to €305,643
- Reserves -€104,267
down €104,267 (-21.8%), from €478,703 to €374,436
of which Distributable reserves: -€104,267
- Debts after one year -€30,621
down €30,621 (-33.8%), from €90,593 to €59,972
- Tax, wage and social debts -€15,249
down €15,249 (-46.8%), from €32,616 to €17,366
of which Remuneration and social security: -€8,030
- Gross operating margin +€11,644
up €11,644 (+8.3%), from €140,205 to €151,849
- Taxes +€6,331
up €6,331 (+38.4%), from €16,488 to €22,820
- Staff costs -€4,905
down €4,905 (-9.1%), from €53,681 to €48,776
- Financial charges -€2,439
down €2,439 (-16.0%), from €15,261 to €12,822
- Depreciation -€2,085
down €2,085 (-7.3%), from €28,651 to €26,566
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 | €867,794 | €846,860 | -€20,934 | -2.4% |
| Fixed assets | 21/28 | €330,096 | €353,840 | +€23,744 | +7.2% |
| Tangible fixed assets | 22/27 | €329,475 | €353,218 | +€23,744 | +7.2% |
| Land and buildings | 22 | €324,315 | €307,440 | -€16,875 | -5.2% |
| Furniture and vehicles | 24 | €5,159 | €45,778 | +€40,619 | +787% |
| Financial fixed assets | 28 | €622 | €622 | = | 0.0% |
| Current assets | 29/58 | €537,697 | €493,020 | -€44,677 | -8.3% |
| Stocks and contracts in progress | 3 | €252,076 | €283,332 | +€31,255 | +12.4% |
| Stocks | 30/36 | €252,076 | €283,332 | +€31,255 | +12.4% |
| Amounts receivable within one year | 40/41 | €9,195 | €10,769 | +€1,574 | +17.1% |
| Trade receivables | 40 | €9,178 | €7,880 | -€1,298 | -14.1% |
| Other amounts receivable | 41 | €17 | €2,889 | +€2,872 | +16,544% |
| Current investments | 50/53 | €80,000 | €82,399 | +€2,399 | +3.0% |
| Cash at bank and in hand | 54/58 | €193,207 | €108,450 | -€84,757 | -43.9% |
| Deferred charges and accrued income | 490/1 | €3,219 | €8,071 | +€4,852 | +151% |
| Total equity and liabilities | 10/49 | €867,794 | €846,860 | -€20,934 | -2.4% |
| Equity | 10/15 | €515,887 | €411,620 | -€104,267 | -20.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €478,703 | €374,436 | -€104,267 | -21.8% |
| Non-distributable reserves | 130/1 | €17,365 | €17,365 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,365 | €17,365 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,461 | €8,461 | = | 0.0% |
| Distributable reserves | 133 | €452,877 | €348,610 | -€104,267 | -23.0% |
| Amounts payable | 17/49 | €351,906 | €435,240 | +€83,334 | +23.7% |
| Amounts payable after more than one year | 17 | €90,593 | €59,972 | -€30,621 | -33.8% |
| Financial debts | 170/4 | €90,593 | €59,972 | -€30,621 | -33.8% |
| Amounts payable within one year | 42/48 | €261,313 | €374,548 | +€113,235 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €30,172 | €30,621 | +€450 | +1.5% |
| Trade debts | 44 | €27,056 | €20,917 | -€6,139 | -22.7% |
| Suppliers | 440/4 | €27,056 | €20,917 | -€6,139 | -22.7% |
| Taxes, remuneration and social security | 45 | €32,616 | €17,366 | -€15,249 | -46.8% |
| Taxes | 450/3 | €15,827 | €8,608 | -€7,219 | -45.6% |
| Remuneration and social security | 454/9 | €16,789 | €8,759 | -€8,030 | -47.8% |
| Other amounts payable | 47/48 | €171,469 | €305,643 | +€134,174 | +78.2% |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Remuneration, social security and pensions | 62 | €53,681 | €48,776 | -€4,905 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,651 | €26,566 | -€2,085 | -7.3% |
| Other operating charges | 640/8 | €3,308 | €3,257 | -€51 | -1.5% |
| Gross operating margin | 9900 | €140,205 | €151,849 | +€11,644 | +8.3% |
| Operating profit (loss) | 9901 | €54,565 | €73,250 | +€18,685 | +34.2% |
| Financial income | 75/76B | €15,528 | €17,506 | +€1,978 | +12.7% |
| Recurring financial income | 75 | €15,528 | €17,506 | +€1,978 | +12.7% |
| Financial charges | 65/66B | €15,261 | €12,822 | -€2,439 | -16.0% |
| Recurring financial charges | 65 | €15,261 | €12,822 | -€2,439 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €54,832 | €77,934 | +€23,102 | +42.1% |
| Income taxes | 67/77 | €16,488 | €22,820 | +€6,331 | +38.4% |
| Profit (loss) for the period | 9904 | €38,344 | €55,115 | +€16,771 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,344 | €55,115 | +€16,771 | +43.7% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.