B - HOLDING: what changed
Two fiscal 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.
B - HOLDING
Largest movements
- Tangible fixed assets -€38,064
down €38,064 (-5.5%), from €693,812 to €655,748
of which Land and buildings: -€22,090
- Cash -€19,220
down €19,220 (-95.9%), from €20,033 to €813
mainly Net result for the year (-€154,371) and Investment in fixed assets (net) (-€2,807)
- Profit (loss) carried forward -€154,371
down €154,371 (-3.5%), from -€4.4m to -€4.5m
- Other debts +€100,000
up €100,000 (+15.4%), from €650,000 to €750,000
- Gross operating margin +€17,754
up €17,754 (+181.6%), from €9,775 to €27,528
- Staff costs +€6,721
up €6,721 (+5.1%), from €131,512 to €138,233
- Other operating charges -€2,587
down €2,587 (-45.7%), from €5,665 to €3,078
- Financial income -€2,052
down €2,052 (-90.2%), from €2,276 to €224
of which Financial income: -€2,052
- Taxes -€1,423
down €1,423, from €935 to -€488
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.
Cash bridge derived
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 | €791,107 | €734,493 | -€56,614 | -7.2% |
| Fixed assets | 21/28 | €762,853 | €724,789 | -€38,064 | -5.0% |
| Tangible fixed assets | 22/27 | €693,812 | €655,748 | -€38,064 | -5.5% |
| Land and buildings | 22 | €600,954 | €578,864 | -€22,090 | -3.7% |
| Plant, machinery and equipment | 23 | €43,038 | €43,117 | +€79 | +0.2% |
| Furniture and vehicles | 24 | €49,820 | €33,767 | -€16,053 | -32.2% |
| Financial fixed assets | 28 | €69,041 | €69,041 | = | 0.0% |
| Current assets | 29/58 | €28,254 | €9,704 | -€18,550 | -65.7% |
| Amounts receivable within one year | 40/41 | €3,048 | €3,052 | +€4 | +0.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,048 | €3,052 | +€4 | +0.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,033 | €813 | -€19,220 | -95.9% |
| Deferred charges and accrued income | 490/1 | €5,174 | €5,840 | +€666 | +12.9% |
| Total equity and liabilities | 10/49 | €791,107 | €734,493 | -€56,614 | -7.2% |
| Equity | 10/15 | €113,047 | -€41,324 | -€154,371 | |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,386,953 | -€4,541,324 | -€154,371 | -3.5% |
| Amounts payable | 17/49 | €678,060 | €775,818 | +€97,757 | +14.4% |
| Amounts payable within one year | 42/48 | €676,048 | €773,755 | +€97,707 | +14.5% |
| Trade debts | 44 | €8,310 | €8,301 | -€9 | -0.1% |
| Suppliers | 440/4 | €8,310 | €8,301 | -€9 | -0.1% |
| Taxes, remuneration and social security | 45 | €17,738 | €15,454 | -€2,284 | -12.9% |
| Taxes | 450/3 | €2,414 | €213 | -€2,201 | -91.2% |
| Remuneration and social security | 454/9 | €15,324 | €15,241 | -€82 | -0.5% |
| Other amounts payable | 47/48 | €650,000 | €750,000 | +€100,000 | +15.4% |
| Accrued charges and deferred income | 492/3 | €2,013 | €2,063 | +€50 | +2.5% |
| Remuneration, social security and pensions | 62 | €131,512 | €138,233 | +€6,721 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,632 | €40,872 | +€240 | +0.6% |
| Other operating charges | 640/8 | €5,665 | €3,078 | -€2,587 | -45.7% |
| Non-recurring operating charges | 66A | €1,082 | €0 | -€1,082 | -100.0% |
| Gross operating margin | 9900 | €9,775 | €27,528 | +€17,754 | +181.6% |
| Operating profit (loss) | 9901 | -€169,115 | -€154,654 | +€14,461 | +8.6% |
| Financial income | 75/76B | €2,276 | €224 | -€2,052 | -90.2% |
| Recurring financial income | 75 | €2,276 | €224 | -€2,052 | -90.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €421 | €430 | +€8 | +2.0% |
| Recurring financial charges | 65 | €421 | €430 | +€8 | +2.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€167,260 | -€154,860 | +€12,400 | +7.4% |
| Income taxes | 67/77 | €935 | -€488 | -€1,423 | |
| Profit (loss) for the period | 9904 | -€168,195 | -€154,371 | +€13,824 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€168,195 | -€154,371 | +€13,824 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.