ADDED LIGHTS: what changed
ADDED LIGHTS
Largest movements
- Cash +€104,082
up €104,082 (+170%), from €61,403 to €165,485
mainly Debts after one year (+€295,210) and Net result for the year (+€252,629)
- Receivables within one year -€48,237
down €48,237 (-66.4%), from €72,604 to €24,367
of which Trade receivables: -€48,000
- Reserves -€510,000
down €510,000 (-76.4%), from €667,649 to €157,649
of which Distributable reserves: -€510,000
- Debts after one year +€295,210
up €295,210 (+28.1%), from €1.0m to €1.3m
- Profit (loss) carried forward +€252,629
new in 2025: €252,629
- Current portion of long-term debt +€110,000
up €110,000, from €0 to €110,000
- Tax, wage and social debts -€48,414
down €48,414 (-60.3%), from €80,294 to €31,880
of which Remuneration and social security: -€60,000
- Financial income +€250,000
up €250,000 (+113,636,264%), from €0 to €250,000
- Gross operating margin +€22,389
up €22,389 (+59.0%), from €37,922 to €60,310
- Financial charges +€21,440
up €21,440 (+68.0%), from €31,521 to €52,961
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,023,713 | €2,085,598 | +€61,885 | +3.1% |
| Fixed assets | 21/28 | €1,889,706 | €1,889,706 | = | 0.0% |
| Financial fixed assets | 28 | €1,889,706 | €1,889,706 | = | 0.0% |
| Current assets | 29/58 | €134,007 | €195,892 | +€61,885 | +46.2% |
| Amounts receivable within one year | 40/41 | €72,604 | €24,367 | -€48,237 | -66.4% |
| Trade receivables | 40 | €72,000 | €24,000 | -€48,000 | -66.7% |
| Other amounts receivable | 41 | €604 | €367 | -€237 | -39.3% |
| Cash at bank and in hand | 54/58 | €61,403 | €165,485 | +€104,082 | +170% |
| Deferred charges and accrued income | 490/1 | - | €6,040 | +€6,040 | |
| Total equity and liabilities | 10/49 | €2,023,713 | €2,085,598 | +€61,885 | +3.1% |
| Equity | 10/15 | €839,649 | €539,277 | -€300,371 | -35.8% |
| Contributions | 10/11 | €172,000 | €129,000 | -€43,000 | -25.0% |
| Reserves | 13 | €667,649 | €157,649 | -€510,000 | -76.4% |
| Non-distributable reserves | 130/1 | €78,000 | €78,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €78,000 | €78,000 | = | 0.0% |
| Distributable reserves | 133 | €589,649 | €79,649 | -€510,000 | -86.5% |
| Profit (loss) carried forward | 14 | - | €252,629 | +€252,629 | |
| Amounts payable | 17/49 | €1,184,065 | €1,546,321 | +€362,256 | +30.6% |
| Amounts payable after more than one year | 17 | €1,048,790 | €1,344,000 | +€295,210 | +28.1% |
| Financial debts | 170/4 | €1,048,790 | €1,344,000 | +€295,210 | +28.1% |
| Amounts payable within one year | 42/48 | €135,275 | €178,119 | +€42,844 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €110,000 | +€110,000 | |
| Trade debts | 44 | €6,545 | €8,817 | +€2,272 | +34.7% |
| Suppliers | 440/4 | €6,545 | €8,817 | +€2,272 | +34.7% |
| Taxes, remuneration and social security | 45 | €80,294 | €31,880 | -€48,414 | -60.3% |
| Taxes | 450/3 | €20,294 | €31,880 | +€11,586 | +57.1% |
| Remuneration and social security | 454/9 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts payable | 47/48 | €48,436 | €27,423 | -€21,014 | -43.4% |
| Accrued charges and deferred income | 492/3 | €0 | €24,202 | +€24,202 | |
| Other operating charges | 640/8 | €1,078 | €1,088 | +€9 | +0.9% |
| Gross operating margin | 9900 | €37,922 | €60,310 | +€22,389 | +59.0% |
| Operating profit (loss) | 9901 | €36,843 | €59,223 | +€22,379 | +60.7% |
| Financial income | 75/76B | €0 | €250,000 | +€250,000 | +113,636,264% |
| Recurring financial income | 75 | €0 | €250,000 | +€250,000 | +113,636,264% |
| Financial charges | 65/66B | €31,521 | €52,961 | +€21,440 | +68.0% |
| Recurring financial charges | 65 | €31,521 | €52,961 | +€21,440 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €5,323 | €256,262 | +€250,939 | +4,715% |
| Income taxes | 67/77 | €3,396 | €3,633 | +€237 | +7.0% |
| Profit (loss) for the period | 9904 | €1,926 | €252,629 | +€250,702 | +13,013% |
| Profit (loss) for the period to be appropriated | 9905 | €1,926 | €252,629 | +€250,702 | +13,013% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.