BREAK THROUGH: 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 THROUGH
Largest movements
- Current investments -€375,000
down €375,000 (-78.9%), from €475,000 to €100,000
- Cash -€29,301
down €29,301 (-92.4%), from €31,717 to €2,417
mainly Contributions, distributions and other (-€361,450) and Investment in fixed assets (net) (-€44,200)
- Tangible fixed assets +€20,898
up €20,898 (+5.6%), from €370,009 to €390,906
of which Furniture and vehicles: +€38,025
- Reserves -€361,450
down €361,450 (-36.4%), from €994,050 to €632,600
- Trade debts -€26,736
down €26,736 (-86.6%), from €30,886 to €4,150
- Other debts +€13,247
up €13,247 (+1,993%), from €664 to €13,911
- Gross operating margin -€205,354
down €205,354, from €178,227 to -€27,127
- Taxes -€55,702
down €55,702 (-99.9%), from €55,738 to €36
- Financial income +€36,711
up €36,711 (+389%), from €9,437 to €46,147
- Depreciation +€7,627
up €7,627 (+48.7%), from €15,675 to €23,302
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 | €1,046,857 | €664,566 | -€382,290 | -36.5% |
| Fixed assets | 21/28 | €381,169 | €402,066 | +€20,898 | +5.5% |
| Tangible fixed assets | 22/27 | €370,009 | €390,906 | +€20,898 | +5.6% |
| Land and buildings | 22 | €316,335 | €307,786 | -€8,549 | -2.7% |
| Plant, machinery and equipment | 23 | €53,205 | €44,627 | -€8,578 | -16.1% |
| Furniture and vehicles | 24 | €468 | €38,494 | +€38,025 | +8,119% |
| Financial fixed assets | 28 | €11,160 | €11,160 | = | 0.0% |
| Current assets | 29/58 | €665,688 | €262,500 | -€403,188 | -60.6% |
| Amounts receivable within one year | 40/41 | €148,127 | €149,240 | +€1,113 | +0.8% |
| Trade receivables | 40 | €14,740 | €25,000 | +€10,260 | +69.6% |
| Other amounts receivable | 41 | €133,387 | €124,240 | -€9,147 | -6.9% |
| Current investments | 50/53 | €475,000 | €100,000 | -€375,000 | -78.9% |
| Cash at bank and in hand | 54/58 | €31,717 | €2,417 | -€29,301 | -92.4% |
| Deferred charges and accrued income | 490/1 | €10,844 | €10,844 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,046,857 | €664,566 | -€382,290 | -36.5% |
| Equity | 10/15 | €1,014,224 | €646,505 | -€367,719 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €994,050 | €632,600 | -€361,450 | -36.4% |
| Distributable reserves | 133 | €994,050 | €632,600 | -€361,450 | -36.4% |
| Profit (loss) carried forward | 14 | €1,574 | -€4,695 | -€6,269 | |
| Amounts payable | 17/49 | €32,633 | €18,061 | -€14,572 | -44.7% |
| Amounts payable within one year | 42/48 | €32,633 | €18,061 | -€14,572 | -44.7% |
| Trade debts | 44 | €30,886 | €4,150 | -€26,736 | -86.6% |
| Suppliers | 440/4 | €30,886 | €4,150 | -€26,736 | -86.6% |
| Taxes, remuneration and social security | 45 | €1,082 | - | -€1,082 | |
| Taxes | 450/3 | €1,082 | - | -€1,082 | |
| Other amounts payable | 47/48 | €664 | €13,911 | +€13,247 | +1,993% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,675 | €23,302 | +€7,627 | +48.7% |
| Other operating charges | 640/8 | €695 | €880 | +€185 | +26.6% |
| Gross operating margin | 9900 | €178,227 | -€27,127 | -€205,354 | |
| Operating profit (loss) | 9901 | €161,857 | -€51,309 | -€213,166 | |
| Financial income | 75/76B | €9,437 | €46,147 | +€36,711 | +389% |
| Recurring financial income | 75 | €9,437 | €46,147 | +€36,711 | +389% |
| Financial charges | 65/66B | €218 | €1,071 | +€853 | +392% |
| Recurring financial charges | 65 | €218 | €1,071 | +€853 | +392% |
| Profit (loss) for the period before taxes | 9903 | €171,076 | -€6,233 | -€177,309 | |
| Income taxes | 67/77 | €55,738 | €36 | -€55,702 | -99.9% |
| Profit (loss) for the period | 9904 | €115,338 | -€6,269 | -€121,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,338 | -€6,269 | -€121,607 |
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 19 October 2026 via checked.be.