Above The Line: 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.
Above The Line
Largest movements
- Tangible fixed assets -€14,531
down €14,531 (-4.9%), from €296,123 to €281,591
of which Land and buildings: -€13,039
- Cash +€13,517
up €13,517 (+140%), from €9,628 to €23,144
mainly Depreciation (+€16,101) and Receivables within one year (+€7,068)
- Receivables within one year -€7,068
down €7,068 (-15.0%), from €47,103 to €40,035
of which Trade receivables: -€11,506
- Debts after one year -€10,499
down €10,499 (-5.6%), from €185,829 to €175,331
- Tax, wage and social debts +€4,289
up €4,289 (+23.8%), from €18,000 to €22,290
of which Remuneration and social security: +€4,603
- Gross operating margin -€20,034
down €20,034 (-39.8%), from €50,302 to €30,268
- Depreciation +€9,806
up €9,806 (+156%), from €6,295 to €16,101
- Taxes -€8,546
down €8,546 (-77.8%), from €10,985 to €2,439
- Financial charges +€5,290
up €5,290 (+291%), from €1,820 to €7,110
- Other operating charges -€1,215
down €1,215 (-33.7%), from €3,603 to €2,388
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 | €354,310 | €346,210 | -€8,100 | -2.3% |
| Fixed assets | 21/28 | €296,123 | €281,591 | -€14,531 | -4.9% |
| Tangible fixed assets | 22/27 | €296,123 | €281,591 | -€14,531 | -4.9% |
| Land and buildings | 22 | €285,380 | €272,341 | -€13,039 | -4.6% |
| Plant, machinery and equipment | 23 | €5,869 | €4,732 | -€1,138 | -19.4% |
| Furniture and vehicles | 24 | €4,873 | €4,519 | -€355 | -7.3% |
| Current assets | 29/58 | €58,187 | €64,618 | +€6,431 | +11.1% |
| Amounts receivable within one year | 40/41 | €47,103 | €40,035 | -€7,068 | -15.0% |
| Trade receivables | 40 | €45,717 | €34,211 | -€11,506 | -25.2% |
| Other amounts receivable | 41 | €1,386 | €5,824 | +€4,438 | +320% |
| Cash at bank and in hand | 54/58 | €9,628 | €23,144 | +€13,517 | +140% |
| Deferred charges and accrued income | 490/1 | €1,457 | €1,439 | -€18 | -1.2% |
| Total equity and liabilities | 10/49 | €354,310 | €346,210 | -€8,100 | -2.3% |
| Equity | 10/15 | €125,198 | €127,428 | +€2,230 | +1.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €125,198 | €126,928 | +€1,730 | +1.4% |
| Distributable reserves | 133 | €125,198 | €126,928 | +€1,730 | +1.4% |
| Profit (loss) carried forward | 14 | -€500 | - | +€500 | |
| Amounts payable | 17/49 | €229,112 | €218,782 | -€10,330 | -4.5% |
| Amounts payable after more than one year | 17 | €185,829 | €175,331 | -€10,499 | -5.6% |
| Financial debts | 170/4 | €185,829 | €175,331 | -€10,499 | -5.6% |
| Amounts payable within one year | 42/48 | €42,895 | €43,251 | +€356 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €10,120 | €10,499 | +€379 | +3.7% |
| Trade debts | 44 | €5,899 | €3,302 | -€2,598 | -44.0% |
| Suppliers | 440/4 | €5,899 | €3,302 | -€2,598 | -44.0% |
| Taxes, remuneration and social security | 45 | €18,000 | €22,290 | +€4,289 | +23.8% |
| Taxes | 450/3 | €13,000 | €12,687 | -€313 | -2.4% |
| Remuneration and social security | 454/9 | €5,000 | €9,603 | +€4,603 | +92.1% |
| Other amounts payable | 47/48 | €8,876 | €7,161 | -€1,715 | -19.3% |
| Accrued charges and deferred income | 492/3 | €387 | €200 | -€187 | -48.4% |
| Non-recurring operating income | 76A | €11,304 | - | -€11,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,295 | €16,101 | +€9,806 | +156% |
| Other operating charges | 640/8 | €3,603 | €2,388 | -€1,215 | -33.7% |
| Gross operating margin | 9900 | €50,302 | €30,268 | -€20,034 | -39.8% |
| Operating profit (loss) | 9901 | €40,404 | €11,779 | -€28,625 | -70.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,820 | €7,110 | +€5,290 | +291% |
| Recurring financial charges | 65 | €1,820 | €7,110 | +€5,290 | +291% |
| Profit (loss) for the period before taxes | 9903 | €38,585 | €4,669 | -€33,915 | -87.9% |
| Income taxes | 67/77 | €10,985 | €2,439 | -€8,546 | -77.8% |
| Profit (loss) for the period | 9904 | €27,600 | €2,230 | -€25,369 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,600 | €2,230 | -€25,369 | -91.9% |
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 28 October 2026 via checked.be.