C & R: 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.
C & R
Largest movements
- Tangible fixed assets -€13,832
down €13,832 (-6.1%), from €227,483 to €213,651
- Stocks and contracts +€12,782
up €12,782 (+10.6%), from €120,280 to €133,062
- Other debts +€115,002
up €115,002 (+57500.9%), from €200 to €115,202
- Short-term financial debts -€106,100
down €106,100 (-92.2%), from €115,084 to €8,984
- Reserves +€33,348
up €33,348 (+25.1%), from €132,890 to €166,238
of which Distributable reserves: +€33,348
- Debts after one year -€31,883
down €31,883 (-27.5%), from €115,880 to €83,997
- Current portion of long-term debt -€12,398
down €12,398 (-28.0%), from €44,281 to €31,883
- Gross operating margin +€18,113
up €18,113 (+5.4%), from €334,735 to €352,849
- Purchases and services -€13,425
down €13,425 (-58.2%), from €23,056 to €9,631
- Taxes +€7,966
up €7,966 (+66.8%), from €11,930 to €19,897
- Staff costs +€7,296
up €7,296 (+2.9%), from €249,495 to €256,791
- Depreciation -€4,741
down €4,741 (-25.5%), from €18,573 to €13,832
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 | €532,265 | €527,673 | -€4,592 | -0.9% |
| Fixed assets | 21/28 | €377,483 | €363,651 | -€13,832 | -3.7% |
| Tangible fixed assets | 22/27 | €227,483 | €213,651 | -€13,832 | -6.1% |
| Land and buildings | 22 | €227,483 | €213,651 | -€13,832 | -6.1% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €154,782 | €164,022 | +€9,240 | +6.0% |
| Stocks and contracts in progress | 3 | €120,280 | €133,062 | +€12,782 | +10.6% |
| Stocks | 30/36 | €120,280 | €133,062 | +€12,782 | +10.6% |
| Amounts receivable within one year | 40/41 | €25,045 | €23,118 | -€1,927 | -7.7% |
| Trade receivables | 40 | €24,903 | €22,676 | -€2,227 | -8.9% |
| Other amounts receivable | 41 | €142 | €442 | +€300 | +210.6% |
| Cash at bank and in hand | 54/58 | €3,950 | €5,832 | +€1,882 | +47.7% |
| Deferred charges and accrued income | 490/1 | €5,507 | €2,010 | -€3,497 | -63.5% |
| Total equity and liabilities | 10/49 | €532,265 | €527,673 | -€4,592 | -0.9% |
| Equity | 10/15 | €151,490 | €184,838 | +€33,348 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,890 | €166,238 | +€33,348 | +25.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €132,890 | €166,238 | +€33,348 | +25.1% |
| Amounts payable | 17/49 | €380,775 | €342,835 | -€37,939 | -10.0% |
| Amounts payable after more than one year | 17 | €115,880 | €83,997 | -€31,883 | -27.5% |
| Financial debts | 170/4 | €115,880 | €83,997 | -€31,883 | -27.5% |
| Amounts payable within one year | 42/48 | €264,894 | €258,838 | -€6,056 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €44,281 | €31,883 | -€12,398 | -28.0% |
| Financial debts | 43 | €115,084 | €8,984 | -€106,100 | -92.2% |
| Credit institutions | 430/8 | €115,084 | €8,984 | -€106,100 | -92.2% |
| Trade debts | 44 | €631 | €46 | -€585 | -92.7% |
| Suppliers | 440/4 | €631 | €46 | -€585 | -92.7% |
| Taxes, remuneration and social security | 45 | €104,698 | €102,723 | -€1,975 | -1.9% |
| Taxes | 450/3 | €58,995 | €59,787 | +€792 | +1.3% |
| Remuneration and social security | 454/9 | €45,703 | €42,935 | -€2,767 | -6.1% |
| Other amounts payable | 47/48 | €200 | €115,202 | +€115,002 | +57500.9% |
| Turnover | 70 | €331,900 | €336,411 | +€4,511 | +1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,056 | €9,631 | -€13,425 | -58.2% |
| Remuneration, social security and pensions | 62 | €249,495 | €256,791 | +€7,296 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,573 | €13,832 | -€4,741 | -25.5% |
| Other operating charges | 640/8 | €9,459 | €12,688 | +€3,228 | +34.1% |
| Gross operating margin | 9900 | €334,735 | €352,849 | +€18,113 | +5.4% |
| Operating profit (loss) | 9901 | €57,208 | €69,537 | +€12,330 | +21.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,204 | €16,293 | +€1,089 | +7.2% |
| Recurring financial charges | 65 | €15,204 | €16,293 | +€1,089 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €42,003 | €53,244 | +€11,241 | +26.8% |
| Income taxes | 67/77 | €11,930 | €19,897 | +€7,966 | +66.8% |
| Profit (loss) for the period | 9904 | €30,073 | €33,348 | +€3,275 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,073 | €33,348 | +€3,275 | +10.9% |
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 9 October 2026 via checked.be.