Au N° 3: 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.
Au N° 3
Largest movements
- Tangible fixed assets +€66,550
up €66,550 (+342%), from €19,472 to €86,022
of which Leasing and similar rights: +€69,871
- Cash +€13,197
up €13,197 (+12.9%), from €102,663 to €115,860
mainly Debts after one year (+€42,857) and Net result for the year (+€40,425)
- Receivables within one year +€8,795
up €8,795 (+196%), from €4,478 to €13,273
of which Other amounts receivable: +€4,602
- Deferred charges and accrued income -€3,150
down €3,150 (-95.3%), from €3,306 to €156
- Debts after one year +€42,857
new in 2025: €42,857
- Other debts +€26,827
up €26,827 (+1,645%), from €1,630 to €28,457
- Tax, wage and social debts -€14,678
down €14,678 (-41.3%), from €35,499 to €20,821
of which Taxes: -€12,162
- Reserves +€11,000
up €11,000 (+15.0%), from €73,310 to €84,310
of which Distributable reserves: +€11,000
- Current portion of long-term debt +€9,396
new in 2025: €9,396
- Gross operating margin +€48,601
up €48,601 (+47.7%), from €101,915 to €150,517
- Staff costs +€32,830
up €32,830 (+59.1%), from €55,578 to €88,408
- Taxes +€8,868
up €8,868 (+432%), from €2,052 to €10,920
- Financial charges -€6,605
down €6,605 (-61.0%), from €10,828 to €4,222
- Depreciation +€4,524
up €4,524 (+247%), from €1,832 to €6,357
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 | €143,452 | €229,526 | +€86,074 | +60.0% |
| Fixed assets | 21/28 | €22,732 | €89,282 | +€66,550 | +293% |
| Tangible fixed assets | 22/27 | €19,472 | €86,022 | +€66,550 | +342% |
| Plant, machinery and equipment | 23 | €19,472 | €16,151 | -€3,321 | -17.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | - | €69,871 | +€69,871 | |
| Financial fixed assets | 28 | €3,260 | €3,260 | = | 0.0% |
| Current assets | 29/58 | €120,720 | €140,244 | +€19,525 | +16.2% |
| Stocks and contracts in progress | 3 | €10,272 | €10,955 | +€683 | +6.6% |
| Stocks | 30/36 | €10,272 | €10,955 | +€683 | +6.6% |
| Amounts receivable within one year | 40/41 | €4,478 | €13,273 | +€8,795 | +196% |
| Trade receivables | 40 | - | €4,193 | +€4,193 | |
| Other amounts receivable | 41 | €4,478 | €9,080 | +€4,602 | +103% |
| Cash at bank and in hand | 54/58 | €102,663 | €115,860 | +€13,197 | +12.9% |
| Deferred charges and accrued income | 490/1 | €3,306 | €156 | -€3,150 | -95.3% |
| Total equity and liabilities | 10/49 | €143,452 | €229,526 | +€86,074 | +60.0% |
| Equity | 10/15 | €92,703 | €103,128 | +€10,425 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,310 | €84,310 | +€11,000 | +15.0% |
| 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 | €71,450 | €82,450 | +€11,000 | +15.4% |
| Profit (loss) carried forward | 14 | €793 | €218 | -€575 | -72.5% |
| Amounts payable | 17/49 | €50,749 | €126,398 | +€75,649 | +149% |
| Amounts payable after more than one year | 17 | - | €42,857 | +€42,857 | |
| Financial debts | 170/4 | - | €42,857 | +€42,857 | |
| Amounts payable within one year | 42/48 | €43,973 | €77,805 | +€33,832 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,396 | +€9,396 | |
| Trade debts | 44 | €6,844 | €13,447 | +€6,604 | +96.5% |
| Suppliers | 440/4 | €6,844 | €13,447 | +€6,604 | +96.5% |
| Advances received on contracts in progress | 46 | - | €5,684 | +€5,684 | |
| Taxes, remuneration and social security | 45 | €35,499 | €20,821 | -€14,678 | -41.3% |
| Taxes | 450/3 | €23,784 | €11,622 | -€12,162 | -51.1% |
| Remuneration and social security | 454/9 | €11,716 | €9,199 | -€2,516 | -21.5% |
| Other amounts payable | 47/48 | €1,630 | €28,457 | +€26,827 | +1,645% |
| Accrued charges and deferred income | 492/3 | €6,776 | €5,736 | -€1,040 | -15.4% |
| Remuneration, social security and pensions | 62 | €55,578 | €88,408 | +€32,830 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €6,357 | +€4,524 | +247% |
| Other operating charges | 640/8 | €968 | €688 | -€280 | -28.9% |
| Gross operating margin | 9900 | €101,915 | €150,517 | +€48,601 | +47.7% |
| Operating profit (loss) | 9901 | €43,537 | €55,065 | +€11,528 | +26.5% |
| Financial income | 75/76B | €920 | €503 | -€417 | -45.4% |
| Recurring financial income | 75 | €920 | €503 | -€417 | -45.4% |
| Financial charges | 65/66B | €10,828 | €4,222 | -€6,605 | -61.0% |
| Recurring financial charges | 65 | €10,828 | €4,222 | -€6,605 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €33,630 | €51,345 | +€17,715 | +52.7% |
| Income taxes | 67/77 | €2,052 | €10,920 | +€8,868 | +432% |
| Profit (loss) for the period | 9904 | €31,578 | €40,425 | +€8,847 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,578 | €40,425 | +€8,847 | +28.0% |
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 30 October 2026 via checked.be.