@blue: 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.
@blue
Largest movements
- Receivables within one year +€77,209
up €77,209 (+73.3%), from €105,352 to €182,561
of which Trade receivables: +€66,037
- Cash -€40,736
down €40,736 (-34.8%), from €117,112 to €76,375
mainly Contributions, distributions and other (-€169,155) and Receivables within one year (-€77,209)
- Tangible fixed assets +€8,677
up €8,677 (+23.9%), from €36,256 to €44,933
of which Furniture and vehicles: +€11,767
- Other debts +€131,682
up €131,682 (+84.5%), from €155,762 to €287,443
- Reserves -€89,632
down €89,632 (-30.1%), from €297,351 to €207,719
of which Distributable reserves: -€89,632
- Gross operating margin -€3,828
down €3,828 (-3.2%), from €121,498 to €117,670
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 | €515,185 | €560,485 | +€45,300 | +8.8% |
| Fixed assets | 21/28 | €291,256 | €299,933 | +€8,677 | +3.0% |
| Tangible fixed assets | 22/27 | €36,256 | €44,933 | +€8,677 | +23.9% |
| Land and buildings | 22 | €36,256 | €33,166 | -€3,090 | -8.5% |
| Furniture and vehicles | 24 | €0 | €11,767 | +€11,767 | |
| Financial fixed assets | 28 | €255,000 | €255,000 | = | 0.0% |
| Current assets | 29/58 | €223,929 | €260,552 | +€36,623 | +16.4% |
| Amounts receivable within one year | 40/41 | €105,352 | €182,561 | +€77,209 | +73.3% |
| Trade receivables | 40 | €102,006 | €168,043 | +€66,037 | +64.7% |
| Other amounts receivable | 41 | €3,346 | €14,518 | +€11,172 | +333.9% |
| Cash at bank and in hand | 54/58 | €117,112 | €76,375 | -€40,736 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,465 | €1,616 | +€151 | +10.3% |
| Total equity and liabilities | 10/49 | €515,185 | €560,485 | +€45,300 | +8.8% |
| Equity | 10/15 | €352,168 | €262,536 | -€89,632 | -25.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €297,351 | €207,719 | -€89,632 | -30.1% |
| Non-distributable reserves | 130/1 | €5,157 | €5,157 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,157 | €5,157 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,407 | €2,407 | = | 0.0% |
| Distributable reserves | 133 | €289,787 | €200,155 | -€89,632 | -30.9% |
| Profit (loss) carried forward | 14 | €42,417 | €42,417 | = | 0.0% |
| Amounts payable | 17/49 | €163,016 | €297,949 | +€134,932 | +82.8% |
| Amounts payable within one year | 42/48 | €163,016 | €297,949 | +€134,932 | +82.8% |
| Trade debts | 44 | €81 | €3,669 | +€3,588 | +4412.8% |
| Suppliers | 440/4 | €81 | €3,669 | +€3,588 | +4412.8% |
| Advances received on contracts in progress | 46 | €122 | €0 | -€122 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,051 | €6,837 | -€215 | -3.0% |
| Taxes | 450/3 | €7,051 | €6,837 | -€215 | -3.0% |
| Other amounts payable | 47/48 | €155,762 | €287,443 | +€131,682 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,109 | €3,497 | -€613 | -14.9% |
| Other operating charges | 640/8 | €897 | €987 | +€90 | +10.0% |
| Gross operating margin | 9900 | €121,498 | €117,670 | -€3,828 | -3.2% |
| Operating profit (loss) | 9901 | €116,491 | €113,186 | -€3,305 | -2.8% |
| Financial income | 75/76B | €30 | €548 | +€518 | +1734.1% |
| Recurring financial income | 75 | €30 | €548 | +€518 | +1734.1% |
| Financial charges | 65/66B | €452 | €302 | -€150 | -33.1% |
| Recurring financial charges | 65 | €452 | €302 | -€150 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €116,069 | €113,431 | -€2,637 | -2.3% |
| Income taxes | 67/77 | €33,885 | €33,908 | +€23 | +0.1% |
| Profit (loss) for the period | 9904 | €82,184 | €79,523 | -€2,661 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,184 | €79,523 | -€2,661 | -3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.