BRIDGES FOR CHOICE: 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.
BRIDGES FOR CHOICE
Largest movements
- Current investments +€32,286
up €32,286 (+23.5%), from €137,500 to €169,786
- Receivables within one year -€16,690
down €16,690 (-99.2%), from €16,825 to €135
of which Trade receivables: -€15,728
- Cash -€14,301
down €14,301 (-77.9%), from €18,349 to €4,048
mainly Current investments (-€32,286) and Contributions, distributions and other (-€21,429)
- Tangible fixed assets -€1,939
down €1,939 (-54.1%), from €3,581 to €1,642
- Other debts +€14,540
up €14,540 (+198%), from €7,352 to €21,892
- Provisions -€8,000
down €8,000 (-57.1%), from €14,000 to €6,000
- Tax, wage and social debts -€3,973
down €3,973 (-33.7%), from €11,781 to €7,808
- Trade debts -€2,702
no longer reported in 2025 (was €2,702)
- Gross operating margin +€14,739
up €14,739 (+134%), from €10,970 to €25,710
- Provisions +€6,000
up €6,000 (+42.9%), from -€14,000 to -€8,000
- Taxes +€4,755
up €4,755 (+92.9%), from €5,116 to €9,871
- Financial charges +€3,054
up €3,054 (+288%), from €1,060 to €4,115
- Financial income +€1,753
up €1,753 (+127%), from €1,381 to €3,135
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 | €176,255 | €175,611 | -€644 | -0.4% |
| Fixed assets | 21/28 | €3,581 | €1,642 | -€1,939 | -54.1% |
| Tangible fixed assets | 22/27 | €3,581 | €1,642 | -€1,939 | -54.1% |
| Plant, machinery and equipment | 23 | €3,581 | €1,642 | -€1,939 | -54.1% |
| Current assets | 29/58 | €172,675 | €173,969 | +€1,295 | +0.7% |
| Amounts receivable within one year | 40/41 | €16,825 | €135 | -€16,690 | -99.2% |
| Trade receivables | 40 | €15,728 | - | -€15,728 | |
| Other amounts receivable | 41 | €1,097 | €135 | -€961 | -87.7% |
| Current investments | 50/53 | €137,500 | €169,786 | +€32,286 | +23.5% |
| Cash at bank and in hand | 54/58 | €18,349 | €4,048 | -€14,301 | -77.9% |
| Total equity and liabilities | 10/49 | €176,255 | €175,611 | -€644 | -0.4% |
| Equity | 10/15 | €140,419 | €139,911 | -€509 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €120,419 | €119,911 | -€509 | -0.4% |
| Distributable reserves | 133 | €120,419 | €119,911 | -€509 | -0.4% |
| Provisions and deferred taxes | 16 | €14,000 | €6,000 | -€8,000 | -57.1% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €6,000 | -€8,000 | -57.1% |
| Other liabilities and charges | 164/5 | €14,000 | €6,000 | -€8,000 | -57.1% |
| Amounts payable | 17/49 | €21,836 | €29,700 | +€7,865 | +36.0% |
| Amounts payable within one year | 42/48 | €21,836 | €29,700 | +€7,865 | +36.0% |
| Trade debts | 44 | €2,702 | - | -€2,702 | |
| Suppliers | 440/4 | €2,702 | - | -€2,702 | |
| Taxes, remuneration and social security | 45 | €11,781 | €7,808 | -€3,973 | -33.7% |
| Taxes | 450/3 | €11,781 | €7,808 | -€3,973 | -33.7% |
| Other amounts payable | 47/48 | €7,352 | €21,892 | +€14,540 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,774 | €1,939 | +€165 | +9.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,000 | -€8,000 | +€6,000 | +42.9% |
| Other operating charges | 640/8 | €63 | - | -€63 | |
| Gross operating margin | 9900 | €10,970 | €25,710 | +€14,739 | +134% |
| Operating profit (loss) | 9901 | €23,134 | €31,771 | +€8,637 | +37.3% |
| Financial income | 75/76B | €1,381 | €3,135 | +€1,753 | +127% |
| Recurring financial income | 75 | €1,381 | €3,135 | +€1,753 | +127% |
| Financial charges | 65/66B | €1,060 | €4,115 | +€3,054 | +288% |
| Recurring financial charges | 65 | €1,060 | €4,115 | +€3,054 | +288% |
| Profit (loss) for the period before taxes | 9903 | €23,454 | €30,791 | +€7,336 | +31.3% |
| Income taxes | 67/77 | €5,116 | €9,871 | +€4,755 | +92.9% |
| Profit (loss) for the period | 9904 | €18,338 | €20,920 | +€2,582 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,338 | €20,920 | +€2,582 | +14.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.