BOND APPLICATIONS: 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.
BOND APPLICATIONS
Largest movements
- Receivables within one year +€32,338
up €32,338 (+210.0%), from €15,402 to €47,740
of which Other amounts receivable: +€29,314
- Current investments +€12,355
up €12,355 (+29.2%), from €42,364 to €54,719
- Reserves +€41,599
up €41,599 (+18.3%), from €227,536 to €269,135
- Tax, wage and social debts +€3,608
up €3,608 (+24.2%), from €14,903 to €18,510
of which Taxes: +€5,858
- Gross operating margin +€13,374
up €13,374 (+20.4%), from €65,556 to €78,930
- Write-downs +€12,274
new in 2025: €12,274
- Taxes +€2,602
up €2,602 (+15.3%), from €16,988 to €19,590
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 | €262,250 | €306,960 | +€44,710 | +17.0% |
| Fixed assets | 21/28 | €7,603 | €4,649 | -€2,954 | -38.8% |
| Tangible fixed assets | 22/27 | €7,353 | €4,399 | -€2,954 | -40.2% |
| Plant, machinery and equipment | 23 | €1,910 | €1,123 | -€787 | -41.2% |
| Furniture and vehicles | 24 | €5,443 | €3,277 | -€2,167 | -39.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €254,647 | €302,311 | +€47,664 | +18.7% |
| Amounts receivable within one year | 40/41 | €15,402 | €47,740 | +€32,338 | +210.0% |
| Trade receivables | 40 | €12,336 | €15,360 | +€3,024 | +24.5% |
| Other amounts receivable | 41 | €3,066 | €32,380 | +€29,314 | +956.3% |
| Current investments | 50/53 | €42,364 | €54,719 | +€12,355 | +29.2% |
| Cash at bank and in hand | 54/58 | €195,027 | €197,897 | +€2,871 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,855 | €1,955 | +€100 | +5.4% |
| Total equity and liabilities | 10/49 | €262,250 | €306,960 | +€44,710 | +17.0% |
| Equity | 10/15 | €239,936 | €281,535 | +€41,599 | +17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,536 | €269,135 | +€41,599 | +18.3% |
| Distributable reserves | 133 | €227,536 | €269,135 | +€41,599 | +18.3% |
| Amounts payable | 17/49 | €22,315 | €25,425 | +€3,111 | +13.9% |
| Amounts payable within one year | 42/48 | €22,315 | €25,425 | +€3,111 | +13.9% |
| Trade debts | 44 | €528 | €595 | +€67 | +12.8% |
| Suppliers | 440/4 | €528 | €595 | +€67 | +12.8% |
| Taxes, remuneration and social security | 45 | €14,903 | €18,510 | +€3,608 | +24.2% |
| Taxes | 450/3 | €12,653 | €18,510 | +€5,858 | +46.3% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €6,884 | €6,320 | -€564 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,634 | €2,954 | +€320 | +12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,274 | +€12,274 | |
| Other operating charges | 640/8 | €1,318 | €1,302 | -€16 | -1.2% |
| Gross operating margin | 9900 | €65,556 | €78,930 | +€13,374 | +20.4% |
| Operating profit (loss) | 9901 | €61,604 | €62,400 | +€796 | +1.3% |
| Financial income | 75/76B | €178 | €510 | +€332 | +186.8% |
| Recurring financial income | 75 | €178 | €510 | +€332 | +186.8% |
| Financial charges | 65/66B | €619 | €888 | +€269 | +43.5% |
| Recurring financial charges | 65 | €619 | €888 | +€269 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €61,163 | €62,022 | +€859 | +1.4% |
| Income taxes | 67/77 | €16,988 | €19,590 | +€2,602 | +15.3% |
| Profit (loss) for the period | 9904 | €44,175 | €42,432 | -€1,743 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,175 | €42,432 | -€1,743 | -3.9% |
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 6 October 2026 via checked.be.