Clarity: 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.
Clarity
Largest movements
- Cash -€11,121
down €11,121 (-67.8%), from €16,407 to €5,286
mainly Other debts (-€55,143) and Investment in fixed assets (net) (-€39,823)
- Tangible fixed assets +€10,574
up €10,574 (+1.2%), from €912,459 to €923,033
of which Other tangible fixed assets: +€32,797
- Profit (loss) carried forward +€62,628
up €62,628 (+110%), from €56,795 to €119,423
- Other debts -€55,143
down €55,143 (-64.0%), from €86,169 to €31,026
- Debts after one year -€10,009
down €10,009 (-1.7%), from €584,154 to €574,145
- Gross operating margin +€40,046
up €40,046 (+37.0%), from €108,359 to €148,405
- Other operating charges +€8,283
up €8,283 (+457%), from €1,811 to €10,094
- Taxes +€7,761
up €7,761 (+58.4%), from €13,283 to €21,044
- Depreciation +€3,056
up €3,056 (+11.7%), from €26,193 to €29,249
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 | €975,932 | €983,358 | +€7,426 | +0.8% |
| Fixed assets | 21/28 | €912,459 | €923,033 | +€10,574 | +1.2% |
| Tangible fixed assets | 22/27 | €912,459 | €923,033 | +€10,574 | +1.2% |
| Land and buildings | 22 | €876,662 | €854,529 | -€22,133 | -2.5% |
| Furniture and vehicles | 24 | €343 | €253 | -€90 | -26.2% |
| Other tangible fixed assets | 26 | €35,454 | €68,251 | +€32,797 | +92.5% |
| Current assets | 29/58 | €63,473 | €60,325 | -€3,148 | -5.0% |
| Amounts receivable within one year | 40/41 | €47,066 | €55,039 | +€7,973 | +16.9% |
| Trade receivables | 40 | €47,066 | €43,526 | -€3,540 | -7.5% |
| Other amounts receivable | 41 | - | €11,513 | +€11,513 | |
| Cash at bank and in hand | 54/58 | €16,407 | €5,286 | -€11,121 | -67.8% |
| Total equity and liabilities | 10/49 | €975,932 | €983,358 | +€7,426 | +0.8% |
| Equity | 10/15 | €241,335 | €303,963 | +€62,628 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €165,940 | €165,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,795 | €119,423 | +€62,628 | +110% |
| Amounts payable | 17/49 | €734,597 | €679,395 | -€55,202 | -7.5% |
| Amounts payable after more than one year | 17 | €584,154 | €574,145 | -€10,009 | -1.7% |
| Financial debts | 170/4 | €584,154 | €574,145 | -€10,009 | -1.7% |
| Amounts payable within one year | 42/48 | €150,443 | €105,250 | -€45,193 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €38,727 | €44,430 | +€5,703 | +14.7% |
| Trade debts | 44 | €10,125 | €9,860 | -€265 | -2.6% |
| Suppliers | 440/4 | €10,125 | €9,860 | -€265 | -2.6% |
| Taxes, remuneration and social security | 45 | €15,422 | €19,934 | +€4,512 | +29.3% |
| Taxes | 450/3 | €15,422 | €19,934 | +€4,512 | +29.3% |
| Other amounts payable | 47/48 | €86,169 | €31,026 | -€55,143 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,193 | €29,249 | +€3,056 | +11.7% |
| Other operating charges | 640/8 | €1,811 | €10,094 | +€8,283 | +457% |
| Gross operating margin | 9900 | €108,359 | €148,405 | +€40,046 | +37.0% |
| Operating profit (loss) | 9901 | €80,355 | €109,062 | +€28,707 | +35.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €16,015 | €15,390 | -€625 | -3.9% |
| Recurring financial charges | 65 | €16,015 | €15,390 | -€625 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €64,341 | €93,672 | +€29,331 | +45.6% |
| Income taxes | 67/77 | €13,283 | €21,044 | +€7,761 | +58.4% |
| Profit (loss) for the period | 9904 | €51,058 | €72,628 | +€21,570 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,058 | €72,628 | +€21,570 | +42.2% |
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 24 October 2026 via checked.be.