APPROVED: 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.
APPROVED
Largest movements
- Tangible fixed assets +€36,605
up €36,605 (+3,371%), from €1,086 to €37,690
of which Furniture and vehicles: +€37,574
- Cash +€2,789
up €2,789 (+1.9%), from €147,009 to €149,798
mainly Net result for the year (+€27,373) and Debts after one year (+€23,113)
- Debts after one year +€23,113
new in 2025: €23,113
- Reserves +€16,000
up €16,000 (+16.5%), from €96,860 to €112,860
- Tax, wage and social debts -€6,239
down €6,239 (-32.8%), from €19,009 to €12,769
- Other debts +€5,807
up €5,807 (+114%), from €5,090 to €10,897
- Gross operating margin +€7,680
up €7,680 (+19.6%), from €39,213 to €46,892
- Depreciation +€7,045
up €7,045 (+581%), from €1,214 to €8,259
- Other operating charges -€619
down €619 (-64.6%), from €959 to €340
- Financial charges +€617
up €617 (+500%), from €123 to €740
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 | €171,375 | €211,241 | +€39,866 | +23.3% |
| Fixed assets | 21/28 | €1,086 | €37,690 | +€36,605 | +3,371% |
| Tangible fixed assets | 22/27 | €1,086 | €37,690 | +€36,605 | +3,371% |
| Plant, machinery and equipment | 23 | €1,086 | €117 | -€969 | -89.2% |
| Furniture and vehicles | 24 | - | €37,574 | +€37,574 | |
| Current assets | 29/58 | €170,289 | €173,551 | +€3,262 | +1.9% |
| Amounts receivable within one year | 40/41 | €22,816 | €23,246 | +€430 | +1.9% |
| Trade receivables | 40 | €13,316 | €13,746 | +€430 | +3.2% |
| Other amounts receivable | 41 | €9,500 | €9,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €147,009 | €149,798 | +€2,789 | +1.9% |
| Deferred charges and accrued income | 490/1 | €464 | €507 | +€43 | +9.3% |
| Total equity and liabilities | 10/49 | €171,375 | €211,241 | +€39,866 | +23.3% |
| Equity | 10/15 | €147,067 | €164,440 | +€17,373 | +11.8% |
| Contributions | 10/11 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €96,860 | €112,860 | +€16,000 | +16.5% |
| Distributable reserves | 133 | €96,860 | €112,860 | +€16,000 | +16.5% |
| Profit (loss) carried forward | 14 | €37,907 | €39,280 | +€1,373 | +3.6% |
| Amounts payable | 17/49 | €24,308 | €46,801 | +€22,493 | +92.5% |
| Amounts payable after more than one year | 17 | - | €23,113 | +€23,113 | |
| Financial debts | 170/4 | - | €23,113 | +€23,113 | |
| Amounts payable within one year | 42/48 | €24,308 | €23,688 | -€620 | -2.6% |
| Trade debts | 44 | €210 | €22 | -€188 | -89.6% |
| Suppliers | 440/4 | €210 | €22 | -€188 | -89.6% |
| Taxes, remuneration and social security | 45 | €19,009 | €12,769 | -€6,239 | -32.8% |
| Taxes | 450/3 | €19,009 | €12,769 | -€6,239 | -32.8% |
| Other amounts payable | 47/48 | €5,090 | €10,897 | +€5,807 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,214 | €8,259 | +€7,045 | +581% |
| Other operating charges | 640/8 | €959 | €340 | -€619 | -64.6% |
| Gross operating margin | 9900 | €39,213 | €46,892 | +€7,680 | +19.6% |
| Operating profit (loss) | 9901 | €37,040 | €38,294 | +€1,254 | +3.4% |
| Financial charges | 65/66B | €123 | €740 | +€617 | +500% |
| Recurring financial charges | 65 | €123 | €740 | +€617 | +500% |
| Profit (loss) for the period before taxes | 9903 | €36,917 | €37,554 | +€637 | +1.7% |
| Income taxes | 67/77 | €10,412 | €10,181 | -€231 | -2.2% |
| Profit (loss) for the period | 9904 | €26,505 | €27,373 | +€868 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,505 | €27,373 | +€868 | +3.3% |
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 17 October 2026 via checked.be.