CLICKING: 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.
CLICKING
Largest movements
- Current investments -€67,841
down €67,841 (-14.3%), from €474,984 to €407,142
- Tangible fixed assets -€52,317
down €52,317 (-4.1%), from €1.3m to €1.2m
of which Land and buildings: -€42,074
- Receivables within one year +€43,759
up €43,759 (+24.4%), from €179,177 to €222,936
of which Trade receivables: +€68,902
- Cash -€40,876
down €40,876 (-34.4%), from €118,762 to €77,886
mainly Current portion of long-term debt (-€150,000) and Receivables within one year (-€43,759)
- Current portion of long-term debt -€150,000
down €150,000 (-100%), from €150,000 to €0
- Trade debts +€53,739
up €53,739 (+112%), from €47,778 to €101,517
- Tax, wage and social debts +€29,139
up €29,139 (+92.8%), from €31,405 to €60,544
of which Taxes: +€26,889
- Other debts -€26,037
down €26,037 (-2.9%), from €903,802 to €877,765
- Financial charges +€8,405
up €8,405 (+14.7%), from €57,287 to €65,692
- Taxes +€4,889
up €4,889 (+49.7%), from €9,833 to €14,722
- Gross operating margin +€4,307
up €4,307 (+3.4%), from €125,753 to €130,060
- Financial income -€2,020
down €2,020 (-14.9%), from €13,588 to €11,568
- Other operating charges +€1,447
up €1,447 (+32.7%), from €4,420 to €5,867
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 | €2,060,576 | €1,948,039 | -€112,537 | -5.5% |
| Fixed assets | 21/28 | €1,287,654 | €1,235,336 | -€52,317 | -4.1% |
| Tangible fixed assets | 22/27 | €1,287,599 | €1,235,282 | -€52,317 | -4.1% |
| Land and buildings | 22 | €1,270,315 | €1,228,241 | -€42,074 | -3.3% |
| Plant, machinery and equipment | 23 | €13,094 | €5,016 | -€8,077 | -61.7% |
| Furniture and vehicles | 24 | €4,190 | €2,024 | -€2,166 | -51.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €772,923 | €712,703 | -€60,220 | -7.8% |
| Amounts receivable within one year | 40/41 | €179,177 | €222,936 | +€43,759 | +24.4% |
| Trade receivables | 40 | €38,917 | €107,819 | +€68,902 | +177% |
| Other amounts receivable | 41 | €140,260 | €115,117 | -€25,143 | -17.9% |
| Current investments | 50/53 | €474,984 | €407,142 | -€67,841 | -14.3% |
| Cash at bank and in hand | 54/58 | €118,762 | €77,886 | -€40,876 | -34.4% |
| Deferred charges and accrued income | 490/1 | €0 | €4,738 | +€4,738 | |
| Total equity and liabilities | 10/49 | €2,060,576 | €1,948,039 | -€112,537 | -5.5% |
| Equity | 10/15 | €904,116 | €905,651 | +€1,535 | +0.2% |
| Contributions | 10/11 | €657,042 | €657,042 | = | 0.0% |
| Revaluation surpluses | 12 | €258,391 | €258,391 | = | 0.0% |
| Reserves | 13 | €33,045 | €33,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,576 | €3,576 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,576 | €3,576 | = | 0.0% |
| Distributable reserves | 133 | €29,469 | €29,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,361 | -€42,826 | +€1,535 | +3.5% |
| Amounts payable | 17/49 | €1,156,460 | €1,042,388 | -€114,072 | -9.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,137,460 | €1,042,388 | -€95,072 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €0 | -€150,000 | -100% |
| Financial debts | 43 | €4,476 | €2,563 | -€1,913 | -42.7% |
| Credit institutions | 430/8 | €4,476 | €2,563 | -€1,913 | -42.7% |
| Trade debts | 44 | €47,778 | €101,517 | +€53,739 | +112% |
| Suppliers | 440/4 | €47,778 | €101,517 | +€53,739 | +112% |
| Taxes, remuneration and social security | 45 | €31,405 | €60,544 | +€29,139 | +92.8% |
| Taxes | 450/3 | €31,405 | €58,294 | +€26,889 | +85.6% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €903,802 | €877,765 | -€26,037 | -2.9% |
| Accrued charges and deferred income | 492/3 | €19,000 | €0 | -€19,000 | -100% |
| Non-recurring operating income | 76A | €1,495 | €1,495 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,328 | €53,812 | -€517 | -1.0% |
| Other operating charges | 640/8 | €4,420 | €5,867 | +€1,447 | +32.7% |
| Non-recurring operating charges | 66A | €12,349 | €0 | -€12,349 | -100% |
| Gross operating margin | 9900 | €125,753 | €130,060 | +€4,307 | +3.4% |
| Operating profit (loss) | 9901 | €54,655 | €70,381 | +€15,726 | +28.8% |
| Financial income | 75/76B | €13,588 | €11,568 | -€2,020 | -14.9% |
| Recurring financial income | 75 | €13,588 | €11,568 | -€2,020 | -14.9% |
| Financial charges | 65/66B | €57,287 | €65,692 | +€8,405 | +14.7% |
| Recurring financial charges | 65 | €57,287 | €65,692 | +€8,405 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €10,957 | €16,257 | +€5,301 | +48.4% |
| Income taxes | 67/77 | €9,833 | €14,722 | +€4,889 | +49.7% |
| Profit (loss) for the period | 9904 | €1,123 | €1,535 | +€412 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,123 | €1,535 | +€412 | +36.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.