All - Bak: 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.
All - Bak
Largest movements
- Tangible fixed assets -€125,586
down €125,586 (-3.4%), from €3.7m to €3.6m
of which Land and buildings: -€125,270
- Receivables within one year +€77,145
up €77,145 (+16.8%), from €459,843 to €536,988
of which Other amounts receivable: +€77,616
- Profit (loss) carried forward +€75,667
up €75,667 (+10.4%), from €725,788 to €801,455
- Reserves -€74,124
down €74,124 (-4.8%), from €1.5m to €1.5m
of which Tax-exempt reserves: -€74,124
- Gross operating margin +€54,639
up €54,639 (+35.2%), from €155,306 to €209,945
- Depreciation -€23,456
down €23,456 (-15.5%), from €151,701 to €128,245
- Financial charges +€10,851
up €10,851 (+19.3%), from €56,268 to €67,119
- Financial income +€6,477
up €6,477 (+51.2%), from €12,640 to €19,116
- Other operating charges +€3,025
up €3,025 (+17.7%), from €17,093 to €20,118
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 | €4,210,090 | €4,137,181 | -€72,908 | -1.7% |
| Fixed assets | 21/28 | €3,722,198 | €3,596,612 | -€125,586 | -3.4% |
| Tangible fixed assets | 22/27 | €3,722,198 | €3,596,612 | -€125,586 | -3.4% |
| Land and buildings | 22 | €3,721,883 | €3,596,612 | -€125,270 | -3.4% |
| Plant, machinery and equipment | 23 | €316 | - | -€316 | |
| Current assets | 29/58 | €487,891 | €540,569 | +€52,678 | +10.8% |
| Amounts receivable within one year | 40/41 | €459,843 | €536,988 | +€77,145 | +16.8% |
| Trade receivables | 40 | €1,157 | €685 | -€471 | -40.8% |
| Other amounts receivable | 41 | €458,686 | €536,303 | +€77,616 | +16.9% |
| Cash at bank and in hand | 54/58 | €28,048 | €3,581 | -€24,467 | -87.2% |
| Total equity and liabilities | 10/49 | €4,210,090 | €4,137,181 | -€72,908 | -1.7% |
| Equity | 10/15 | €2,516,594 | €2,518,138 | +€1,543 | +0.1% |
| Contributions | 10/11 | €261,000 | €261,000 | = | 0.0% |
| Reserves | 13 | €1,529,806 | €1,455,682 | -€74,124 | -4.8% |
| Tax-exempt reserves | 132 | €1,391,967 | €1,317,843 | -€74,124 | -5.3% |
| Distributable reserves | 133 | €137,839 | €137,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | €725,788 | €801,455 | +€75,667 | +10.4% |
| Provisions and deferred taxes | 16 | €473,310 | €448,602 | -€24,708 | -5.2% |
| Deferred taxes | 168 | €473,310 | €448,602 | -€24,708 | -5.2% |
| Amounts payable | 17/49 | €1,220,186 | €1,170,442 | -€49,744 | -4.1% |
| Amounts payable after more than one year | 17 | €350,534 | €319,085 | -€31,449 | -9.0% |
| Financial debts | 170/4 | €350,534 | €319,085 | -€31,449 | -9.0% |
| Amounts payable within one year | 42/48 | €869,652 | €851,357 | -€18,294 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €30,716 | €31,449 | +€734 | +2.4% |
| Trade debts | 44 | €439 | €3,458 | +€3,019 | +687% |
| Suppliers | 440/4 | €439 | €3,458 | +€3,019 | +687% |
| Taxes, remuneration and social security | 45 | €51,223 | €22,589 | -€28,634 | -55.9% |
| Taxes | 450/3 | €51,223 | €22,589 | -€28,634 | -55.9% |
| Other amounts payable | 47/48 | €787,274 | €793,861 | +€6,588 | +0.8% |
| Non-recurring operating income | 76A | - | €42,000 | +€42,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,701 | €128,245 | -€23,456 | -15.5% |
| Other operating charges | 640/8 | €17,093 | €20,118 | +€3,025 | +17.7% |
| Gross operating margin | 9900 | €155,306 | €209,945 | +€54,639 | +35.2% |
| Operating profit (loss) | 9901 | -€13,488 | €61,582 | +€75,070 | |
| Financial income | 75/76B | €12,640 | €19,116 | +€6,477 | +51.2% |
| Recurring financial income | 75 | €12,640 | €19,116 | +€6,477 | +51.2% |
| Financial charges | 65/66B | €56,268 | €67,119 | +€10,851 | +19.3% |
| Recurring financial charges | 65 | €56,268 | €67,119 | +€10,851 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€57,116 | €13,579 | +€70,696 | |
| Transfer from deferred taxes | 780 | €94,619 | €24,708 | -€69,911 | -73.9% |
| Income taxes | 67/77 | €36,029 | €36,744 | +€715 | +2.0% |
| Profit (loss) for the period | 9904 | €1,474 | €1,543 | +€69 | +4.7% |
| Transfer from tax-exempt reserves | 789 | €97,428 | €74,124 | -€23,304 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €98,902 | €75,667 | -€23,234 | -23.5% |
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 20 October 2026 via checked.be.