ADD: 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.
ADD
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+52.2%), from €2.4m to €3.7m
of which Land and buildings: +€1.2m
- Cash +€276,356
up €276,356 (+116.4%), from €237,419 to €513,775
mainly Debts after one year (+€2.0m) and Other debts (+€1.5m)
- Debts after one year +€2.0m
up €2.0m (+582.2%), from €343,802 to €2.3m
- Trade debts -€1.5m
down €1.5m (-95.7%), from €1.5m to €66,368
- Other debts +€1.5m
up €1.5m (+616.9%), from €236,609 to €1.7m
- Profit (loss) carried forward -€252,699
down €252,699, from €121,659 to -€131,040
- Reserves -€155,546
down €155,546 (-32.7%), from €476,172 to €320,626
of which Distributable reserves: -€150,086
- Depreciation +€276,147
up €276,147 (+254.1%), from €108,683 to €384,830
- Financial charges +€34,439
up €34,439 (+334.4%), from €10,300 to €44,739
- Gross operating margin -€13,949
down €13,949 (-7.1%), from €197,079 to €183,131
- Other operating charges +€7,824
up €7,824 (+150.6%), from €5,196 to €13,020
- Taxes -€7,653
down €7,653 (-29.8%), from €25,653 to €18,000
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 | €2,883,762 | €4,457,252 | +€1.6m | +54.6% |
| Fixed assets | 21/28 | €2,420,666 | €3,683,918 | +€1.3m | +52.2% |
| Tangible fixed assets | 22/27 | €2,420,666 | €3,683,918 | +€1.3m | +52.2% |
| Land and buildings | 22 | €2,243,478 | €3,430,105 | +€1.2m | +52.9% |
| Plant, machinery and equipment | 23 | €34,005 | €134,315 | +€100,310 | +295.0% |
| Furniture and vehicles | 24 | €107,175 | €83,490 | -€23,685 | -22.1% |
| Other tangible fixed assets | 26 | €36,008 | €36,008 | = | 0.0% |
| Current assets | 29/58 | €463,096 | €773,334 | +€310,238 | +67.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,166 | €104,235 | +€34,068 | +48.6% |
| Trade receivables | 40 | €70,166 | €57,066 | -€13,100 | -18.7% |
| Other amounts receivable | 41 | - | €47,169 | +€47,169 | |
| Cash at bank and in hand | 54/58 | €237,419 | €513,775 | +€276,356 | +116.4% |
| Deferred charges and accrued income | 490/1 | €5,510 | €5,323 | -€187 | -3.4% |
| Total equity and liabilities | 10/49 | €2,883,762 | €4,457,252 | +€1.6m | +54.6% |
| Equity | 10/15 | €616,431 | €208,187 | -€408,245 | -66.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,172 | €320,626 | -€155,546 | -32.7% |
| Tax-exempt reserves | 132 | €81,976 | €76,516 | -€5,460 | -6.7% |
| Distributable reserves | 133 | €394,196 | €244,110 | -€150,086 | -38.1% |
| Profit (loss) carried forward | 14 | €121,659 | -€131,040 | -€252,699 | |
| Provisions and deferred taxes | 16 | €27,325 | €25,505 | -€1,820 | -6.7% |
| Deferred taxes | 168 | €27,325 | €25,505 | -€1,820 | -6.7% |
| Amounts payable | 17/49 | €2,240,005 | €4,223,560 | +€2.0m | +88.6% |
| Amounts payable after more than one year | 17 | €343,802 | €2,345,309 | +€2.0m | +582.2% |
| Financial debts | 170/4 | €343,802 | €2,345,309 | +€2.0m | +582.2% |
| Amounts payable within one year | 42/48 | €1,896,203 | €1,862,340 | -€33,863 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €83,852 | €97,337 | +€13,486 | +16.1% |
| Trade debts | 44 | €1,538,606 | €66,368 | -€1.5m | -95.7% |
| Suppliers | 440/4 | €1,538,606 | €66,368 | -€1.5m | -95.7% |
| Taxes, remuneration and social security | 45 | €37,136 | €2,377 | -€34,759 | -93.6% |
| Taxes | 450/3 | €37,136 | €1,727 | -€35,409 | -95.3% |
| Remuneration and social security | 454/9 | - | €650 | +€650 | |
| Other amounts payable | 47/48 | €236,609 | €1,696,258 | +€1.5m | +616.9% |
| Accrued charges and deferred income | 492/3 | - | €15,910 | +€15,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,683 | €384,830 | +€276,147 | +254.1% |
| Other operating charges | 640/8 | €5,196 | €13,020 | +€7,824 | +150.6% |
| Gross operating margin | 9900 | €197,079 | €183,131 | -€13,949 | -7.1% |
| Operating profit (loss) | 9901 | €83,200 | -€214,719 | -€297,920 | |
| Financial income | 75/76B | €37 | €20 | -€17 | -45.6% |
| Recurring financial income | 75 | €37 | €20 | -€17 | -45.6% |
| Financial charges | 65/66B | €10,300 | €44,739 | +€34,439 | +334.4% |
| Recurring financial charges | 65 | €10,300 | €44,739 | +€34,439 | +334.4% |
| Profit (loss) for the period before taxes | 9903 | €72,937 | -€259,438 | -€332,376 | |
| Transfer from deferred taxes | 780 | €842 | €1,820 | +€978 | +116.1% |
| Income taxes | 67/77 | €25,653 | €18,000 | -€7,653 | -29.8% |
| Profit (loss) for the period | 9904 | €48,126 | -€275,619 | -€323,745 | |
| Transfer from tax-exempt reserves | 789 | €2,527 | €5,460 | +€2,933 | +116.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,653 | -€270,159 | -€320,812 |
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.