BUILD UP: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
BUILD UP
Largest movements
- Current investments +€200,000
up €200,000 (+66.7%), from €300,000 to €500,000
- Cash -€65,438
down €65,438 (-33.7%), from €194,301 to €128,863
mainly Current investments (-€200,000) and Tax, wage and social debts (-€7,149)
- Other debts +€78,933
up €78,933 (+4.9%), from €1.6m to €1.7m
- Reserves +€34,000
up €34,000 (+14.7%), from €231,460 to €265,460
of which Distributable reserves: +€34,000
- Other operating charges -€12,069
down €12,069 (-98.9%), from €12,199 to €130
- Gross operating margin -€8,314
down €8,314 (-4.8%), from €173,764 to €165,450
- Financial charges -€5,363
down €5,363 (-4.1%), from €131,284 to €125,920
- Financial income +€3,633
up €3,633 (+62.9%), from €5,781 to €9,414
- Taxes +€1,955
up €1,955 (+15.8%), from €12,386 to €14,340
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,184,327 | €3,287,250 | +€102,923 | +3.2% |
| Fixed assets | 21/28 | €2,487,244 | €2,487,244 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,476 | €12,476 | = | 0.0% |
| Land and buildings | 22 | €12,476 | €12,476 | = | 0.0% |
| Financial fixed assets | 28 | €2,474,768 | €2,474,768 | = | 0.0% |
| Current assets | 29/58 | €697,083 | €800,006 | +€102,923 | +14.8% |
| Amounts receivable within one year | 40/41 | €202,326 | €170,362 | -€31,964 | -15.8% |
| Trade receivables | 40 | €186,364 | €156,958 | -€29,406 | -15.8% |
| Other amounts receivable | 41 | €15,962 | €13,405 | -€2,558 | -16.0% |
| Current investments | 50/53 | €300,000 | €500,000 | +€200,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €194,301 | €128,863 | -€65,438 | -33.7% |
| Deferred charges and accrued income | 490/1 | €456 | €781 | +€325 | +71.3% |
| Total equity and liabilities | 10/49 | €3,184,327 | €3,287,250 | +€102,923 | +3.2% |
| Equity | 10/15 | €1,503,058 | €1,537,531 | +€34,473 | +2.3% |
| Contributions | 10/11 | €1,268,592 | €1,268,592 | = | 0.0% |
| Reserves | 13 | €231,460 | €265,460 | +€34,000 | +14.7% |
| Non-distributable reserves | 130/1 | €12,460 | €12,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,460 | €12,460 | = | 0.0% |
| Distributable reserves | 133 | €219,000 | €253,000 | +€34,000 | +15.5% |
| Profit (loss) carried forward | 14 | €3,006 | €3,479 | +€473 | +15.8% |
| Amounts payable | 17/49 | €1,681,269 | €1,749,719 | +€68,450 | +4.1% |
| Amounts payable within one year | 42/48 | €1,680,655 | €1,746,297 | +€65,642 | +3.9% |
| Trade debts | 44 | €12,510 | €6,369 | -€6,141 | -49.1% |
| Suppliers | 440/4 | €12,510 | €6,369 | -€6,141 | -49.1% |
| Taxes, remuneration and social security | 45 | €59,654 | €52,505 | -€7,149 | -12.0% |
| Taxes | 450/3 | €59,654 | €52,505 | -€7,149 | -12.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,608,491 | €1,687,424 | +€78,933 | +4.9% |
| Accrued charges and deferred income | 492/3 | €614 | €3,422 | +€2,808 | +457% |
| Other operating charges | 640/8 | €12,199 | €130 | -€12,069 | -98.9% |
| Gross operating margin | 9900 | €173,764 | €165,450 | -€8,314 | -4.8% |
| Operating profit (loss) | 9901 | €161,565 | €165,320 | +€3,755 | +2.3% |
| Financial income | 75/76B | €5,781 | €9,414 | +€3,633 | +62.9% |
| Recurring financial income | 75 | €5,781 | €9,414 | +€3,633 | +62.9% |
| Financial charges | 65/66B | €131,284 | €125,920 | -€5,363 | -4.1% |
| Recurring financial charges | 65 | €131,284 | €125,920 | -€5,363 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €36,062 | €48,814 | +€12,751 | +35.4% |
| Income taxes | 67/77 | €12,386 | €14,340 | +€1,955 | +15.8% |
| Profit (loss) for the period | 9904 | €23,677 | €34,473 | +€10,797 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,677 | €34,473 | +€10,797 | +45.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.