ALL SHE WROTE: 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 SHE WROTE
Largest movements
- Current investments -€12,673
down €12,673 (-24.1%), from €52,475 to €39,802
- Receivables within one year -€4,334
down €4,334 (-52.1%), from €8,317 to €3,983
of which Other amounts receivable: -€2,778
- Tangible fixed assets +€3,878
up €3,878 (+3.2%), from €119,751 to €123,629
of which Land and buildings: +€2,749
- Cash +€3,741
up €3,741 (+7.6%), from €49,003 to €52,744
mainly Current investments (+€12,673) and Depreciation (+€11,691)
- Other debts +€7,528
up €7,528 (+10.6%), from €71,099 to €78,628
- Debts after one year -€6,800
down €6,800 (-77.7%), from €8,753 to €1,953
- Current portion of long-term debt -€6,401
down €6,401 (-48.5%), from €13,201 to €6,800
- Reserves -€3,072
down €3,072 (-3.3%), from €91,927 to €88,856
- Gross operating margin +€19,822
up €19,822 (+137%), from €14,426 to €34,248
- Financial charges +€812
up €812 (+13.3%), from €6,126 to €6,939
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 | €231,876 | €222,641 | -€9,235 | -4.0% |
| Fixed assets | 21/28 | €119,751 | €123,629 | +€3,878 | +3.2% |
| Tangible fixed assets | 22/27 | €119,751 | €123,629 | +€3,878 | +3.2% |
| Land and buildings | 22 | €119,438 | €122,187 | +€2,749 | +2.3% |
| Plant, machinery and equipment | 23 | €313 | €1,442 | +€1,129 | +360% |
| Current assets | 29/58 | €112,125 | €99,012 | -€13,113 | -11.7% |
| Amounts receivable within one year | 40/41 | €8,317 | €3,983 | -€4,334 | -52.1% |
| Trade receivables | 40 | €5,470 | €3,915 | -€1,555 | -28.4% |
| Other amounts receivable | 41 | €2,847 | €69 | -€2,778 | -97.6% |
| Current investments | 50/53 | €52,475 | €39,802 | -€12,673 | -24.1% |
| Cash at bank and in hand | 54/58 | €49,003 | €52,744 | +€3,741 | +7.6% |
| Deferred charges and accrued income | 490/1 | €2,330 | €2,482 | +€152 | +6.5% |
| Total equity and liabilities | 10/49 | €231,876 | €222,641 | -€9,235 | -4.0% |
| Equity | 10/15 | €104,327 | €101,256 | -€3,072 | -2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €91,927 | €88,856 | -€3,072 | -3.3% |
| Distributable reserves | 133 | €91,927 | €88,856 | -€3,072 | -3.3% |
| Amounts payable | 17/49 | €127,549 | €121,385 | -€6,164 | -4.8% |
| Amounts payable after more than one year | 17 | €8,753 | €1,953 | -€6,800 | -77.7% |
| Financial debts | 170/4 | €8,753 | €1,953 | -€6,800 | -77.7% |
| Amounts payable within one year | 42/48 | €92,707 | €91,997 | -€711 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €13,201 | €6,800 | -€6,401 | -48.5% |
| Trade debts | 44 | €3,720 | €2,376 | -€1,344 | -36.1% |
| Suppliers | 440/4 | €3,720 | €2,376 | -€1,344 | -36.1% |
| Taxes, remuneration and social security | 45 | €4,687 | €4,193 | -€494 | -10.5% |
| Taxes | 450/3 | €3,437 | €2,943 | -€494 | -14.4% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €71,099 | €78,628 | +€7,528 | +10.6% |
| Accrued charges and deferred income | 492/3 | €26,088 | €27,435 | +€1,347 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,353 | €11,691 | +€338 | +3.0% |
| Other operating charges | 640/8 | €19,597 | €19,774 | +€177 | +0.9% |
| Gross operating margin | 9900 | €14,426 | €34,248 | +€19,822 | +137% |
| Operating profit (loss) | 9901 | -€16,524 | €2,783 | +€19,308 | |
| Financial income | 75/76B | €1,070 | €1,214 | +€144 | +13.4% |
| Recurring financial income | 75 | €1,070 | €1,214 | +€144 | +13.4% |
| Financial charges | 65/66B | €6,126 | €6,939 | +€812 | +13.3% |
| Recurring financial charges | 65 | €6,126 | €6,939 | +€812 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,581 | -€2,942 | +€18,639 | +86.4% |
| Income taxes | 67/77 | €126 | €130 | +€4 | +3.2% |
| Profit (loss) for the period | 9904 | -€21,707 | -€3,072 | +€18,635 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,707 | -€3,072 | +€18,635 | +85.8% |
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 24 October 2026 via checked.be.