A ROOM WITH A VIEW: 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 ROOM WITH A VIEW
Largest movements
- Receivables within one year +€15,706
up €15,706 (+33.5%), from €46,886 to €62,592
of which Other amounts receivable: +€32,192
- Tangible fixed assets -€12,838
down €12,838 (-3.3%), from €388,187 to €375,349
of which Land and buildings: -€11,983
- Deferred charges and accrued income +€9,500
new in 2025: €9,500
- Cash -€8,885
down €8,885 (-70.9%), from €12,530 to €3,645
mainly Debts after one year (-€34,770) and Tax, wage and social debts (-€27,776)
- Debts after one year -€34,770
down €34,770 (-10.7%), from €324,162 to €289,391
- Reserves +€29,739
up €29,739 (+17.2%), from €172,640 to €202,379
- Tax, wage and social debts -€27,776
down €27,776 (-75.2%), from €36,956 to €9,180
- Current portion of long-term debt +€18,962
up €18,962 (+59.3%), from €31,994 to €50,956
- Other debts +€14,606
up €14,606 (+78.0%), from €18,731 to €33,337
- Gross operating margin -€17,578
down €17,578 (-16.0%), from €110,091 to €92,513
- Financial income -€4,119
down €4,119 (-81.9%), from €5,032 to €913
- Depreciation +€3,693
up €3,693 (+21.4%), from €17,229 to €20,922
- Taxes -€2,149
down €2,149 (-11.1%), from €19,338 to €17,189
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 | €588,956 | €592,438 | +€3,482 | +0.6% |
| Fixed assets | 21/28 | €388,187 | €375,349 | -€12,838 | -3.3% |
| Tangible fixed assets | 22/27 | €388,187 | €375,349 | -€12,838 | -3.3% |
| Land and buildings | 22 | €372,818 | €360,835 | -€11,983 | -3.2% |
| Plant, machinery and equipment | 23 | €4,069 | €2,177 | -€1,892 | -46.5% |
| Furniture and vehicles | 24 | €11,300 | €12,337 | +€1,037 | +9.2% |
| Current assets | 29/58 | €200,769 | €217,089 | +€16,321 | +8.1% |
| Amounts receivable within one year | 40/41 | €46,886 | €62,592 | +€15,706 | +33.5% |
| Trade receivables | 40 | €45,367 | €28,881 | -€16,486 | -36.3% |
| Other amounts receivable | 41 | €1,519 | €33,711 | +€32,192 | +2,119% |
| Current investments | 50/53 | €141,352 | €141,352 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,530 | €3,645 | -€8,885 | -70.9% |
| Deferred charges and accrued income | 490/1 | - | €9,500 | +€9,500 | |
| Total equity and liabilities | 10/49 | €588,956 | €592,438 | +€3,482 | +0.6% |
| Equity | 10/15 | €175,640 | €205,379 | +€29,739 | +16.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €172,640 | €202,379 | +€29,739 | +17.2% |
| Distributable reserves | 133 | €172,640 | €202,379 | +€29,739 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €413,315 | €387,059 | -€26,256 | -6.4% |
| Amounts payable after more than one year | 17 | €324,162 | €289,391 | -€34,770 | -10.7% |
| Financial debts | 170/4 | €324,162 | €289,391 | -€34,770 | -10.7% |
| Amounts payable within one year | 42/48 | €87,681 | €97,040 | +€9,359 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €31,994 | €50,956 | +€18,962 | +59.3% |
| Trade debts | 44 | €0 | €3,568 | +€3,568 | |
| Suppliers | 440/4 | €0 | €3,568 | +€3,568 | |
| Taxes, remuneration and social security | 45 | €36,956 | €9,180 | -€27,776 | -75.2% |
| Taxes | 450/3 | €36,956 | €9,180 | -€27,776 | -75.2% |
| Other amounts payable | 47/48 | €18,731 | €33,337 | +€14,606 | +78.0% |
| Accrued charges and deferred income | 492/3 | €1,473 | €628 | -€845 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,229 | €20,922 | +€3,693 | +21.4% |
| Other operating charges | 640/8 | €1,089 | €957 | -€132 | -12.1% |
| Gross operating margin | 9900 | €110,091 | €92,513 | -€17,578 | -16.0% |
| Operating profit (loss) | 9901 | €91,774 | €70,635 | -€21,139 | -23.0% |
| Financial income | 75/76B | €5,032 | €913 | -€4,119 | -81.9% |
| Recurring financial income | 75 | €5,032 | €913 | -€4,119 | -81.9% |
| Financial charges | 65/66B | €8,132 | €9,213 | +€1,081 | +13.3% |
| Recurring financial charges | 65 | €8,132 | €9,213 | +€1,081 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €88,674 | €62,334 | -€26,340 | -29.7% |
| Income taxes | 67/77 | €19,338 | €17,189 | -€2,149 | -11.1% |
| Profit (loss) for the period | 9904 | €69,336 | €45,145 | -€24,190 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,336 | €45,145 | -€24,190 | -34.9% |
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 26 October 2026 via checked.be.