Code 84: 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.
Code 84
Largest movements
- Receivables within one year +€544,718
up €544,718 (+1,297%), from €41,986 to €586,704
of which Other amounts receivable: +€488,694
- Tangible fixed assets -€441,542
down €441,542 (-20.7%), from €2.1m to €1.7m
of which Land and buildings: -€426,462
- Deferred charges and accrued income +€168,156
up €168,156 (+76.0%), from €221,266 to €389,422
- Reserves +€468,880
up €468,880 (+105%), from €445,618 to €914,498
of which Tax-exempt reserves: +€433,730
- Debts after one year -€292,493
down €292,493 (-24.0%), from €1.2m to €924,947
- Other debts -€148,364
down €148,364 (-29.0%), from €512,314 to €363,950
- Provisions +€144,577
up €144,577 (+191%), from €75,554 to €220,130
- Profit (loss) carried forward +€108,396
no longer reported in 2025 (was -€108,396)
- Gross operating margin +€493,632
up €493,632 (+138%), from €357,889 to €851,521
- Depreciation -€14,603
down €14,603 (-16.9%), from €86,506 to €71,903
- Financial charges -€12,918
down €12,918 (-22.4%), from €57,555 to €44,637
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 | €2,437,339 | €2,685,515 | +€248,176 | +10.2% |
| Fixed assets | 21/28 | €2,135,885 | €1,694,343 | -€441,542 | -20.7% |
| Tangible fixed assets | 22/27 | €2,135,885 | €1,694,343 | -€441,542 | -20.7% |
| Land and buildings | 22 | €2,116,770 | €1,690,308 | -€426,462 | -20.1% |
| Furniture and vehicles | 24 | €12,485 | €4,035 | -€8,450 | -67.7% |
| Other tangible fixed assets | 26 | €6,630 | - | -€6,630 | |
| Current assets | 29/58 | €301,454 | €991,172 | +€689,718 | +229% |
| Amounts receivable within one year | 40/41 | €41,986 | €586,704 | +€544,718 | +1,297% |
| Trade receivables | 40 | €41,958 | €97,982 | +€56,025 | +134% |
| Other amounts receivable | 41 | €28 | €488,722 | +€488,694 | +1,744,089% |
| Cash at bank and in hand | 54/58 | €38,203 | €15,046 | -€23,157 | -60.6% |
| Deferred charges and accrued income | 490/1 | €221,266 | €389,422 | +€168,156 | +76.0% |
| Total equity and liabilities | 10/49 | €2,437,339 | €2,685,515 | +€248,176 | +10.2% |
| Equity | 10/15 | €367,222 | €944,498 | +€577,276 | +157% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €445,618 | €914,498 | +€468,880 | +105% |
| Tax-exempt reserves | 132 | €226,661 | €660,391 | +€433,730 | +191% |
| Distributable reserves | 133 | €218,957 | €254,108 | +€35,150 | +16.1% |
| Profit (loss) carried forward | 14 | -€108,396 | - | +€108,396 | |
| Provisions and deferred taxes | 16 | €75,554 | €220,130 | +€144,577 | +191% |
| Deferred taxes | 168 | €75,554 | €220,130 | +€144,577 | +191% |
| Amounts payable | 17/49 | €1,994,563 | €1,520,886 | -€473,677 | -23.7% |
| Amounts payable after more than one year | 17 | €1,217,440 | €924,947 | -€292,493 | -24.0% |
| Financial debts | 170/4 | €1,217,440 | €924,947 | -€292,493 | -24.0% |
| Amounts payable within one year | 42/48 | €768,281 | €587,299 | -€180,983 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €156,772 | €104,734 | -€52,038 | -33.2% |
| Financial debts | 43 | €22,841 | €30,808 | +€7,967 | +34.9% |
| Other loans | 439 | €22,841 | €30,808 | +€7,967 | +34.9% |
| Trade debts | 44 | €74,941 | €81,508 | +€6,567 | +8.8% |
| Suppliers | 440/4 | €74,941 | €81,508 | +€6,567 | +8.8% |
| Taxes, remuneration and social security | 45 | €1,413 | €6,299 | +€4,886 | +346% |
| Taxes | 450/3 | €1,413 | €6,299 | +€4,886 | +346% |
| Other amounts payable | 47/48 | €512,314 | €363,950 | -€148,364 | -29.0% |
| Accrued charges and deferred income | 492/3 | €8,842 | €8,640 | -€202 | -2.3% |
| Non-recurring operating income | 76A | €302,215 | €593,310 | +€291,095 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,506 | €71,903 | -€14,603 | -16.9% |
| Other operating charges | 640/8 | €14,895 | €11,262 | -€3,633 | -24.4% |
| Gross operating margin | 9900 | €357,889 | €851,521 | +€493,632 | +138% |
| Operating profit (loss) | 9901 | €256,489 | €768,356 | +€511,867 | +200% |
| Financial income | 75/76B | €89 | €2,014 | +€1,925 | +2,170% |
| Recurring financial income | 75 | €89 | €2,014 | +€1,925 | +2,170% |
| Financial charges | 65/66B | €57,555 | €44,637 | -€12,918 | -22.4% |
| Recurring financial charges | 65 | €57,555 | €44,637 | -€12,918 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €199,022 | €725,733 | +€526,710 | +265% |
| Transfer from deferred taxes | 780 | - | €3,441 | +€3,441 | |
| Transfer to deferred taxes | 680 | €75,554 | €148,018 | +€72,464 | +95.9% |
| Income taxes | 67/77 | €147 | €3,880 | +€3,733 | +2,540% |
| Profit (loss) for the period | 9904 | €123,322 | €577,276 | +€453,955 | +368% |
| Transfer from tax-exempt reserves | 789 | - | €10,323 | +€10,323 | |
| Transfer to tax-exempt reserves | 689 | €226,661 | €444,053 | +€217,392 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,339 | €143,546 | +€246,886 |
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 15 October 2026 via checked.be.