CFS: what changed
Two fiscal 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.
CFS
Largest movements
- Cash -€139,419
down €139,419 (-89.2%), from €156,253 to €16,834
mainly Contributions, distributions and other (-€318,213) and Debts after one year (-€67,167)
- Tangible fixed assets -€57,868
down €57,868 (-8.0%), from €725,847 to €667,979
of which Plant, machinery and equipment: -€38,352
- Profit (loss) carried forward -€144,217
no longer reported in 2025 (was €144,217)
- Other debts +€72,136
up €72,136 (+46.7%), from €154,447 to €226,583
- Debts after one year -€67,167
down €67,167 (-42.0%), from €159,736 to €92,569
- Accrued charges and deferred income -€38,000
down €38,000 (-16.9%), from €225,000 to €187,000
- Tax, wage and social debts +€27,818
up €27,818 (+490.2%), from €5,675 to €33,493
of which Taxes: +€27,719
- Gross operating margin +€156,571
up €156,571 (+49.2%), from €318,487 to €475,057
- Taxes +€45,233
up €45,233 (+127.1%), from €35,601 to €80,834
- Other operating charges -€23,606
down €23,606 (-63.4%), from €37,251 to €13,644
- Financial charges -€5,482
down €5,482 (-27.6%), from €19,867 to €14,385
- Staff costs +€5,087
up €5,087 (+3.7%), from €137,873 to €142,960
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 | €916,519 | €720,426 | -€196,092 | -21.4% |
| Fixed assets | 21/28 | €725,847 | €667,979 | -€57,868 | -8.0% |
| Tangible fixed assets | 22/27 | €725,847 | €667,979 | -€57,868 | -8.0% |
| Land and buildings | 22 | €361,789 | €351,841 | -€9,947 | -2.7% |
| Plant, machinery and equipment | 23 | €341,639 | €303,287 | -€38,352 | -11.2% |
| Furniture and vehicles | 24 | €22,419 | €12,851 | -€9,568 | -42.7% |
| Current assets | 29/58 | €190,672 | €52,447 | -€138,225 | -72.5% |
| Amounts receivable within one year | 40/41 | €34,419 | €35,613 | +€1,194 | +3.5% |
| Trade receivables | 40 | €3,512 | €35,535 | +€32,023 | +911.8% |
| Other amounts receivable | 41 | €30,907 | €78 | -€30,829 | -99.7% |
| Cash at bank and in hand | 54/58 | €156,253 | €16,834 | -€139,419 | -89.2% |
| Total equity and liabilities | 10/49 | €916,519 | €720,426 | -€196,092 | -21.4% |
| Equity | 10/15 | €237,217 | €93,000 | -€144,217 | -60.8% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,217 | - | -€144,217 | |
| Amounts payable | 17/49 | €679,301 | €627,426 | -€51,875 | -7.6% |
| Amounts payable after more than one year | 17 | €159,736 | €92,569 | -€67,167 | -42.0% |
| Financial debts | 170/4 | €159,736 | €92,569 | -€67,167 | -42.0% |
| Amounts payable within one year | 42/48 | €294,566 | €347,858 | +€53,292 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €39,394 | €27,386 | -€12,008 | -30.5% |
| Trade debts | 44 | €71,083 | €44,487 | -€26,597 | -37.4% |
| Suppliers | 440/4 | €71,083 | €44,487 | -€26,597 | -37.4% |
| Advances received on contracts in progress | 46 | €23,967 | €15,909 | -€8,058 | -33.6% |
| Taxes, remuneration and social security | 45 | €5,675 | €33,493 | +€27,818 | +490.2% |
| Taxes | 450/3 | €5,675 | €33,394 | +€27,719 | +488.5% |
| Remuneration and social security | 454/9 | - | €99 | +€99 | |
| Other amounts payable | 47/48 | €154,447 | €226,583 | +€72,136 | +46.7% |
| Accrued charges and deferred income | 492/3 | €225,000 | €187,000 | -€38,000 | -16.9% |
| Remuneration, social security and pensions | 62 | €137,873 | €142,960 | +€5,087 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,098 | €50,007 | -€1,092 | -2.1% |
| Other operating charges | 640/8 | €37,251 | €13,644 | -€23,606 | -63.4% |
| Gross operating margin | 9900 | €318,487 | €475,057 | +€156,571 | +49.2% |
| Operating profit (loss) | 9901 | €92,264 | €268,446 | +€176,182 | +191.0% |
| Financial income | 75/76B | €971 | €768 | -€203 | -20.9% |
| Recurring financial income | 75 | €971 | €768 | -€203 | -20.9% |
| Financial charges | 65/66B | €19,867 | €14,385 | -€5,482 | -27.6% |
| Recurring financial charges | 65 | €19,867 | €14,385 | -€5,482 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €73,369 | €254,830 | +€181,461 | +247.3% |
| Transfer from deferred taxes | 780 | €106,449 | - | -€106,449 | |
| Income taxes | 67/77 | €35,601 | €80,834 | +€45,233 | +127.1% |
| Profit (loss) for the period | 9904 | €144,217 | €173,996 | +€29,778 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €144,217 | €173,996 | +€29,778 | +20.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.