B.S: 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.
B.S
Largest movements
- Cash +€28,815
up €28,815 (+69.7%), from €41,331 to €70,145
mainly Other debts (+€24,424) and Stocks and contracts (+€16,095)
- Stocks and contracts -€16,095
down €16,095 (-23.5%), from €68,510 to €52,415
- Receivables within one year -€5,472
down €5,472 (-52.8%), from €10,357 to €4,885
of which Other amounts receivable: -€5,403
- Other debts +€24,424
up €24,424 (+495%), from €4,936 to €29,360
- Tax, wage and social debts -€17,655
down €17,655 (-80.2%), from €22,007 to €4,352
of which Remuneration and social security: -€17,090
- Reserves +€15,522
up €15,522 (+9.8%), from €158,187 to €173,710
of which Distributable reserves: +€15,522
- Debts after one year -€12,350
down €12,350 (-6.0%), from €207,487 to €195,137
- Financial charges +€4,129
up €4,129 (+38.0%), from €10,879 to €15,008
- Gross operating margin +€1,078
up €1,078 (+3.1%), from €34,913 to €35,991
- Taxes -€565
down €565 (-11.5%), from €4,918 to €4,352
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 | €428,314 | €436,527 | +€8,213 | +1.9% |
| Fixed assets | 21/28 | €307,692 | €309,081 | +€1,389 | +0.5% |
| Tangible fixed assets | 22/27 | €307,692 | €309,081 | +€1,389 | +0.5% |
| Land and buildings | 22 | €307,000 | €308,505 | +€1,505 | +0.5% |
| Furniture and vehicles | 24 | €692 | €577 | -€116 | -16.7% |
| Current assets | 29/58 | €120,622 | €127,446 | +€6,824 | +5.7% |
| Stocks and contracts in progress | 3 | €68,510 | €52,415 | -€16,095 | -23.5% |
| Stocks | 30/36 | €68,510 | €52,415 | -€16,095 | -23.5% |
| Amounts receivable within one year | 40/41 | €10,357 | €4,885 | -€5,472 | -52.8% |
| Trade receivables | 40 | €69 | - | -€69 | |
| Other amounts receivable | 41 | €10,288 | €4,885 | -€5,403 | -52.5% |
| Cash at bank and in hand | 54/58 | €41,331 | €70,145 | +€28,815 | +69.7% |
| Deferred charges and accrued income | 490/1 | €424 | - | -€424 | |
| Total equity and liabilities | 10/49 | €428,314 | €436,527 | +€8,213 | +1.9% |
| Equity | 10/15 | €176,787 | €192,310 | +€15,522 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,187 | €173,710 | +€15,522 | +9.8% |
| 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 | €156,327 | €171,850 | +€15,522 | +9.9% |
| Amounts payable | 17/49 | €251,527 | €244,218 | -€7,309 | -2.9% |
| Amounts payable after more than one year | 17 | €207,487 | €195,137 | -€12,350 | -6.0% |
| Financial debts | 170/4 | €207,487 | €195,137 | -€12,350 | -6.0% |
| Amounts payable within one year | 42/48 | €44,040 | €49,080 | +€5,040 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €12,135 | €14,363 | +€2,228 | +18.4% |
| Trade debts | 44 | €4,962 | €1,005 | -€3,957 | -79.7% |
| Suppliers | 440/4 | €4,962 | €1,005 | -€3,957 | -79.7% |
| Taxes, remuneration and social security | 45 | €22,007 | €4,352 | -€17,655 | -80.2% |
| Taxes | 450/3 | €4,918 | €4,352 | -€565 | -11.5% |
| Remuneration and social security | 454/9 | €17,090 | - | -€17,090 | |
| Other amounts payable | 47/48 | €4,936 | €29,360 | +€24,424 | +495% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €248 | +€132 | +114% |
| Other operating charges | 640/8 | €1,037 | €1,061 | +€23 | +2.2% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €34,913 | €35,991 | +€1,078 | +3.1% |
| Operating profit (loss) | 9901 | €33,660 | €34,682 | +€1,023 | +3.0% |
| Financial income | 75/76B | €0 | €200 | +€200 | +1,999,900% |
| Recurring financial income | 75 | €0 | €200 | +€200 | +1,999,900% |
| Financial charges | 65/66B | €10,879 | €15,008 | +€4,129 | +38.0% |
| Recurring financial charges | 65 | €10,879 | €15,008 | +€4,129 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €22,781 | €19,875 | -€2,906 | -12.8% |
| Income taxes | 67/77 | €4,918 | €4,352 | -€565 | -11.5% |
| Profit (loss) for the period | 9904 | €17,863 | €15,522 | -€2,341 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,863 | €15,522 | -€2,341 | -13.1% |
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 28 October 2026 via checked.be.