ASSOCIATES SERVICES: 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.
ASSOCIATES SERVICES
Largest movements
- Cash +€656,288
up €656,288 (+3,508%), from €18,707 to €674,996
mainly Net result for the year (+€654,139) and Investment in fixed assets (net) (+€241,523)
- Financial fixed assets -€360,000
down €360,000 (-100%), from €360,000 to €0
- Deferred charges and accrued income -€126,241
down €126,241 (-95.8%), from €131,820 to €5,579
- Tangible fixed assets +€84,349
up €84,349 (+7.8%), from €1.1m to €1.2m
of which Land and buildings: +€67,315
- Receivables within one year +€34,037
up €34,037 (+145%), from €23,420 to €57,457
of which Other amounts receivable: +€35,159
- Reserves +€654,139
up €654,139 (+72.7%), from €900,115 to €1.6m
of which Distributable reserves: +€654,139
- Debts after one year -€282,515
down €282,515 (-63.6%), from €444,530 to €162,015
- Current portion of long-term debt -€52,818
down €52,818 (-63.9%), from €82,649 to €29,832
- Short-term financial debts -€25,000
down €25,000 (-14.3%), from €175,000 to €150,000
- Gross operating margin +€726,633
up €726,633 (+2,722%), from €26,700 to €753,333
- Financial income -€126,545
down €126,545 (-97.8%), from €129,439 to €2,894
- Write-downs +€14,016
new in 2025: €14,016
- Financial charges +€9,228
up €9,228 (+39.2%), from €23,545 to €32,773
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 | €1,645,418 | €1,933,096 | +€287,679 | +17.5% |
| Fixed assets | 21/28 | €1,441,471 | €1,165,066 | -€276,405 | -19.2% |
| Intangible fixed assets | 21 | €754 | €0 | -€754 | -100% |
| Tangible fixed assets | 22/27 | €1,080,717 | €1,165,066 | +€84,349 | +7.8% |
| Land and buildings | 22 | €979,951 | €1,047,266 | +€67,315 | +6.9% |
| Plant, machinery and equipment | 23 | €8,058 | €7,200 | -€859 | -10.7% |
| Furniture and vehicles | 24 | €92,707 | €110,600 | +€17,893 | +19.3% |
| Financial fixed assets | 28 | €360,000 | €0 | -€360,000 | -100% |
| Current assets | 29/58 | €203,947 | €768,031 | +€564,084 | +277% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,420 | €57,457 | +€34,037 | +145% |
| Trade receivables | 40 | €19,273 | €18,150 | -€1,123 | -5.8% |
| Other amounts receivable | 41 | €4,147 | €39,307 | +€35,159 | +848% |
| Cash at bank and in hand | 54/58 | €18,707 | €674,996 | +€656,288 | +3,508% |
| Deferred charges and accrued income | 490/1 | €131,820 | €5,579 | -€126,241 | -95.8% |
| Total equity and liabilities | 10/49 | €1,645,418 | €1,933,096 | +€287,679 | +17.5% |
| Equity | 10/15 | €918,715 | €1,572,854 | +€654,139 | +71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €900,115 | €1,554,254 | +€654,139 | +72.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €898,255 | €1,552,394 | +€654,139 | +72.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €726,703 | €360,243 | -€366,460 | -50.4% |
| Amounts payable after more than one year | 17 | €444,530 | €162,015 | -€282,515 | -63.6% |
| Financial debts | 170/4 | €444,530 | €162,015 | -€282,515 | -63.6% |
| Amounts payable within one year | 42/48 | €281,673 | €197,728 | -€83,945 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €82,649 | €29,832 | -€52,818 | -63.9% |
| Financial debts | 43 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Credit institutions | 430/8 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Trade debts | 44 | €10,862 | €12,896 | +€2,035 | +18.7% |
| Suppliers | 440/4 | €10,862 | €12,896 | +€2,035 | +18.7% |
| Taxes, remuneration and social security | 45 | €13,162 | €5,000 | -€8,162 | -62.0% |
| Taxes | 450/3 | €13,162 | €5,000 | -€8,162 | -62.0% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €740,000 | +€740,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,365 | €34,882 | +€518 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,016 | +€14,016 | |
| Other operating charges | 640/8 | €4,623 | €4,653 | +€30 | +0.6% |
| Non-recurring operating charges | 66A | - | €10,487 | +€10,487 | |
| Gross operating margin | 9900 | €26,700 | €753,333 | +€726,633 | +2,722% |
| Operating profit (loss) | 9901 | -€12,289 | €689,294 | +€701,583 | |
| Financial income | 75/76B | €129,439 | €2,894 | -€126,545 | -97.8% |
| Recurring financial income | 75 | €129,439 | €2,894 | -€126,545 | -97.8% |
| Financial charges | 65/66B | €23,545 | €32,773 | +€9,228 | +39.2% |
| Recurring financial charges | 65 | €23,545 | €32,773 | +€9,228 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €93,606 | €659,415 | +€565,810 | +604% |
| Income taxes | 67/77 | €11,731 | €5,277 | -€6,455 | -55.0% |
| Profit (loss) for the period | 9904 | €81,874 | €654,139 | +€572,264 | +699% |
| Profit (loss) for the period to be appropriated | 9905 | €81,874 | €654,139 | +€572,264 | +699% |
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.