BREAK: 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.
BREAK
Largest movements
- Cash +€81,628
up €81,628 (+44.3%), from €184,438 to €266,066
mainly Net result for the year (+€104,396) and Investment in fixed assets (net) (+€33,409)
- Tangible fixed assets -€56,037
down €56,037 (-28.2%), from €198,614 to €142,576
of which Land and buildings: -€99,287
- Receivables within one year +€35,276
up €35,276 (+123.7%), from €28,526 to €63,803
of which Other amounts receivable: +€31,041
- Financial fixed assets +€10,000
new in 2025: €10,000
- Current investments +€7,000
up €7,000 (+47.3%), from €14,814 to €21,814
- Reserves +€104,396
up €104,396 (+173.3%), from €60,254 to €164,650
of which Distributable reserves: +€104,396
- Other debts -€51,853
down €51,853 (-27.3%), from €190,281 to €138,428
- Tax, wage and social debts +€13,410
up €13,410 (+79.7%), from €16,827 to €30,236
of which Taxes: +€13,410
- Current portion of long-term debt +€11,728
up €11,728 (+112.6%), from €10,412 to €22,140
- Trade debts +€5,613
up €5,613 (+141.1%), from €3,978 to €9,591
- Gross operating margin +€103,660
up €103,660 (+119.8%), from €86,563 to €190,223
- Taxes +€14,910
up €14,910 (+89.8%), from €16,599 to €31,509
- Depreciation +€6,159
up €6,159 (+95.2%), from €6,469 to €12,628
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 | €428,187 | €505,923 | +€77,736 | +18.2% |
| Fixed assets | 21/28 | €198,614 | €152,576 | -€46,037 | -23.2% |
| Tangible fixed assets | 22/27 | €198,614 | €142,576 | -€56,037 | -28.2% |
| Land and buildings | 22 | €192,892 | €93,605 | -€99,287 | -51.5% |
| Furniture and vehicles | 24 | €5,722 | €21,117 | +€15,395 | +269.1% |
| Assets under construction and advance payments | 27 | - | €27,854 | +€27,854 | |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €229,573 | €353,346 | +€123,773 | +53.9% |
| Amounts receivable within one year | 40/41 | €28,526 | €63,803 | +€35,276 | +123.7% |
| Trade receivables | 40 | €15,125 | €19,360 | +€4,235 | +28.0% |
| Other amounts receivable | 41 | €13,401 | €44,443 | +€31,041 | +231.6% |
| Current investments | 50/53 | €14,814 | €21,814 | +€7,000 | +47.3% |
| Cash at bank and in hand | 54/58 | €184,438 | €266,066 | +€81,628 | +44.3% |
| Deferred charges and accrued income | 490/1 | €1,794 | €1,663 | -€131 | -7.3% |
| Total equity and liabilities | 10/49 | €428,187 | €505,923 | +€77,736 | +18.2% |
| Equity | 10/15 | €78,854 | €183,250 | +€104,396 | +132.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,254 | €164,650 | +€104,396 | +173.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €60,254 | €164,650 | +€104,396 | +173.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €349,333 | €322,673 | -€26,660 | -7.6% |
| Amounts payable after more than one year | 17 | €126,796 | €121,203 | -€5,593 | -4.4% |
| Financial debts | 170/4 | €126,796 | €121,203 | -€5,593 | -4.4% |
| Amounts payable within one year | 42/48 | €222,537 | €201,470 | -€21,067 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €10,412 | €22,140 | +€11,728 | +112.6% |
| Financial debts | 43 | €1,040 | €1,074 | +€35 | +3.3% |
| Credit institutions | 430/8 | €1,040 | €1,074 | +€35 | +3.3% |
| Trade debts | 44 | €3,978 | €9,591 | +€5,613 | +141.1% |
| Suppliers | 440/4 | €3,978 | €9,591 | +€5,613 | +141.1% |
| Taxes, remuneration and social security | 45 | €16,827 | €30,236 | +€13,410 | +79.7% |
| Taxes | 450/3 | €16,827 | €30,236 | +€13,410 | +79.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €190,281 | €138,428 | -€51,853 | -27.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,845 | +€2,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €12,628 | +€6,159 | +95.2% |
| Other operating charges | 640/8 | €1,876 | €2,103 | +€227 | +12.1% |
| Non-recurring operating charges | 66A | - | €35,768 | +€35,768 | |
| Gross operating margin | 9900 | €86,563 | €190,223 | +€103,660 | +119.8% |
| Operating profit (loss) | 9901 | €78,218 | €139,724 | +€61,506 | +78.6% |
| Financial income | 75/76B | €0 | €25 | +€25 | |
| Recurring financial income | 75 | €0 | €25 | +€25 | |
| Financial charges | 65/66B | €3,877 | €3,844 | -€32 | -0.8% |
| Recurring financial charges | 65 | €3,877 | €3,844 | -€32 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €74,341 | €135,905 | +€61,564 | +82.8% |
| Income taxes | 67/77 | €16,599 | €31,509 | +€14,910 | +89.8% |
| Profit (loss) for the period | 9904 | €57,742 | €104,396 | +€46,653 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,742 | €104,396 | +€46,653 | +80.8% |
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 12 October 2026 via checked.be.