ADITION: 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.
ADITION
Largest movements
- Tangible fixed assets -€26,448
down €26,448 (-9.3%), from €284,844 to €258,395
of which Furniture and vehicles: -€16,255
- Cash -€22,454
down €22,454 (-28.3%), from €79,380 to €56,925
mainly Debts after one year (-€23,485) and Current investments (-€20,000)
- Current investments +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Receivables within one year +€16,364
up €16,364 (+20.2%), from €80,908 to €97,272
of which Other amounts receivable: +€13,627
- Debts after one year -€23,485
down €23,485 (-12.6%), from €186,700 to €163,215
- Reserves +€8,401
up €8,401 (+4.6%), from €184,415 to €192,816
of which Distributable reserves: +€14,180
- Gross operating margin -€6,681
down €6,681 (-12.9%), from €51,600 to €44,920
- Other operating charges -€3,569
down €3,569 (-59.5%), from €5,994 to €2,426
- Depreciation -€1,681
down €1,681 (-6.0%), from €28,130 to €26,448
- Taxes -€1,044
down €1,044 (-10.3%), from €10,138 to €9,094
- Financial income +€739
up €739 (+18.1%), from €4,082 to €4,821
of which Financial income: +€739
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 | €545,632 | €533,092 | -€12,539 | -2.3% |
| Fixed assets | 21/28 | €285,344 | €258,895 | -€26,448 | -9.3% |
| Tangible fixed assets | 22/27 | €284,844 | €258,395 | -€26,448 | -9.3% |
| Land and buildings | 22 | €228,079 | €218,643 | -€9,436 | -4.1% |
| Plant, machinery and equipment | 23 | €2,550 | €1,792 | -€758 | -29.7% |
| Furniture and vehicles | 24 | €54,215 | €37,960 | -€16,255 | -30.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €260,288 | €274,197 | +€13,909 | +5.3% |
| Amounts receivable within one year | 40/41 | €80,908 | €97,272 | +€16,364 | +20.2% |
| Trade receivables | 40 | €40,991 | €43,727 | +€2,737 | +6.7% |
| Other amounts receivable | 41 | €39,917 | €53,544 | +€13,627 | +34.1% |
| Current investments | 50/53 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €79,380 | €56,925 | -€22,454 | -28.3% |
| Total equity and liabilities | 10/49 | €545,632 | €533,092 | -€12,539 | -2.3% |
| Equity | 10/15 | €268,594 | €276,995 | +€8,401 | +3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €184,415 | €192,816 | +€8,401 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,530 | €80,752 | -€5,779 | -6.7% |
| Distributable reserves | 133 | €96,024 | €110,204 | +€14,180 | +14.8% |
| Profit (loss) carried forward | 14 | €71,780 | €71,780 | = | 0.0% |
| Provisions and deferred taxes | 16 | €58,261 | €56,335 | -€1,926 | -3.3% |
| Provisions for liabilities and charges | 160/5 | €37,500 | €37,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €37,500 | €37,500 | = | 0.0% |
| Deferred taxes | 168 | €20,761 | €18,835 | -€1,926 | -9.3% |
| Amounts payable | 17/49 | €218,776 | €199,762 | -€19,014 | -8.7% |
| Amounts payable after more than one year | 17 | €186,700 | €163,215 | -€23,485 | -12.6% |
| Financial debts | 170/4 | €186,700 | €163,215 | -€23,485 | -12.6% |
| Amounts payable within one year | 42/48 | €31,038 | €32,109 | +€1,071 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €22,800 | €23,485 | +€685 | +3.0% |
| Trade debts | 44 | €986 | €2,730 | +€1,744 | +176.9% |
| Suppliers | 440/4 | €986 | €2,730 | +€1,744 | +176.9% |
| Taxes, remuneration and social security | 45 | €7,252 | €5,894 | -€1,358 | -18.7% |
| Taxes | 450/3 | €7,252 | €5,894 | -€1,358 | -18.7% |
| Accrued charges and deferred income | 492/3 | €1,039 | €4,438 | +€3,400 | +327.3% |
| Remuneration, social security and pensions | 62 | - | €375 | +€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,130 | €26,448 | -€1,681 | -6.0% |
| Other operating charges | 640/8 | €5,994 | €2,426 | -€3,569 | -59.5% |
| Gross operating margin | 9900 | €51,600 | €44,920 | -€6,681 | -12.9% |
| Operating profit (loss) | 9901 | €17,476 | €15,670 | -€1,806 | -10.3% |
| Financial income | 75/76B | €4,082 | €4,821 | +€739 | +18.1% |
| Recurring financial income | 75 | €4,082 | €4,821 | +€739 | +18.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €5,633 | €4,922 | -€710 | -12.6% |
| Recurring financial charges | 65 | €5,633 | €4,922 | -€710 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €15,926 | €15,569 | -€357 | -2.2% |
| Transfer from deferred taxes | 780 | €2,033 | €1,926 | -€107 | -5.3% |
| Income taxes | 67/77 | €10,138 | €9,094 | -€1,044 | -10.3% |
| Profit (loss) for the period | 9904 | €7,821 | €8,401 | +€580 | +7.4% |
| Transfer from tax-exempt reserves | 789 | €6,100 | €5,779 | -€321 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,921 | €14,180 | +€259 | +1.9% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.