BASIC CONCEPT: 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.
BASIC CONCEPT
Largest movements
- Tangible fixed assets -€9,352
down €9,352 (-2.4%), from €390,632 to €381,280
- Other debts -€6,083
down €6,083 (-15.9%), from €38,153 to €32,070
- Gross operating margin -€2,285
down €2,285 (-23.0%), from €9,916 to €7,631
- Depreciation -€1,831
down €1,831 (-16.4%), from €11,183 to €9,352
- Other operating charges +€668
up €668 (+46.6%), from €1,433 to €2,101
- Financial charges -€124
down €124 (-73.0%), from €170 to €46
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 | €390,706 | €381,515 | -€9,191 | -2.4% |
| Fixed assets | 21/28 | €390,632 | €381,280 | -€9,352 | -2.4% |
| Tangible fixed assets | 22/27 | €390,632 | €381,280 | -€9,352 | -2.4% |
| Land and buildings | 22 | €390,632 | €381,280 | -€9,352 | -2.4% |
| Current assets | 29/58 | €75 | €235 | +€161 | +215.1% |
| Cash at bank and in hand | 54/58 | €75 | €235 | +€161 | +215.1% |
| Total equity and liabilities | 10/49 | €390,706 | €381,515 | -€9,191 | -2.4% |
| Equity | 10/15 | €351,759 | €347,914 | -€3,845 | -1.1% |
| Contributions | 10/11 | €313,600 | €313,600 | = | 0.0% |
| Reserves | 13 | €47,068 | €47,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €45,209 | €45,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,909 | -€12,755 | -€3,845 | -43.2% |
| Amounts payable | 17/49 | €38,947 | €33,601 | -€5,346 | -13.7% |
| Amounts payable within one year | 42/48 | €38,947 | €33,601 | -€5,346 | -13.7% |
| Trade debts | 44 | €794 | €1,532 | +€737 | +92.8% |
| Suppliers | 440/4 | €794 | €1,532 | +€737 | +92.8% |
| Other amounts payable | 47/48 | €38,153 | €32,070 | -€6,083 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,183 | €9,352 | -€1,831 | -16.4% |
| Other operating charges | 640/8 | €1,433 | €2,101 | +€668 | +46.6% |
| Gross operating margin | 9900 | €9,916 | €7,631 | -€2,285 | -23.0% |
| Operating profit (loss) | 9901 | -€2,700 | -€3,822 | -€1,122 | -41.6% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €170 | €46 | -€124 | -73.0% |
| Recurring financial charges | 65 | €170 | €46 | -€124 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,869 | -€3,845 | -€976 | -34.0% |
| Profit (loss) for the period | 9904 | -€2,869 | -€3,845 | -€976 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,869 | -€3,845 | -€976 | -34.0% |
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 28 September 2026 via checked.be.