COMMONSENSE: 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.
COMMONSENSE
Largest movements
- Tangible fixed assets +€534,886
up €534,886 (+118.1%), from €452,935 to €987,821
of which Land and buildings: +€540,696
- Cash +€133,864
up €133,864 (+93.4%), from €143,397 to €277,261
mainly Contributions, distributions and other (+€515,915) and Net result for the year (+€158,621)
- Receivables within one year -€25,888
down €25,888 (-21.5%), from €120,484 to €94,596
of which Trade receivables: -€33,775
- Revaluation surpluses +€562,037
new in 2025: €562,037
- Reserves +€112,499
up €112,499 (+25.3%), from €443,873 to €556,372
of which Distributable reserves: +€112,499
- Debts after one year -€45,294
down €45,294 (-28.4%), from €159,556 to €114,262
- Tax, wage and social debts +€41,619
up €41,619 (+592.6%), from €7,024 to €48,643
- Trade debts -€30,047
down €30,047 (-66.0%), from €45,503 to €15,456
- Gross operating margin +€78,880
up €78,880 (+40.1%), from €196,941 to €275,821
- Taxes +€29,124
up €29,124 (+64.0%), from €45,503 to €74,627
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 | €719,562 | €1,364,878 | +€645,316 | +89.7% |
| Fixed assets | 21/28 | €452,935 | €987,821 | +€534,886 | +118.1% |
| Tangible fixed assets | 22/27 | €452,935 | €987,821 | +€534,886 | +118.1% |
| Land and buildings | 22 | €427,930 | €968,626 | +€540,696 | +126.4% |
| Plant, machinery and equipment | 23 | €2,664 | €1,921 | -€743 | -27.9% |
| Furniture and vehicles | 24 | €22,340 | €17,273 | -€5,067 | -22.7% |
| Current assets | 29/58 | €266,627 | €377,057 | +€110,429 | +41.4% |
| Amounts receivable within one year | 40/41 | €120,484 | €94,596 | -€25,888 | -21.5% |
| Trade receivables | 40 | €80,932 | €47,157 | -€33,775 | -41.7% |
| Other amounts receivable | 41 | €39,552 | €47,439 | +€7,887 | +19.9% |
| Cash at bank and in hand | 54/58 | €143,397 | €277,261 | +€133,864 | +93.4% |
| Deferred charges and accrued income | 490/1 | €2,747 | €5,200 | +€2,453 | +89.3% |
| Total equity and liabilities | 10/49 | €719,562 | €1,364,878 | +€645,316 | +89.7% |
| Equity | 10/15 | €463,153 | €1,137,689 | +€674,536 | +145.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | - | €562,037 | +€562,037 | |
| Reserves | 13 | €443,873 | €556,372 | +€112,499 | +25.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €443,873 | €556,372 | +€112,499 | +25.3% |
| Profit (loss) carried forward | 14 | €6,880 | €6,880 | = | 0.0% |
| Amounts payable | 17/49 | €256,409 | €227,189 | -€29,220 | -11.4% |
| Amounts payable after more than one year | 17 | €159,556 | €114,262 | -€45,294 | -28.4% |
| Financial debts | 170/4 | €159,556 | €114,262 | -€45,294 | -28.4% |
| Amounts payable within one year | 42/48 | €95,865 | €112,122 | +€16,257 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €43,338 | €45,294 | +€1,955 | +4.5% |
| Financial debts | 43 | - | €2,729 | +€2,729 | |
| Credit institutions | 430/8 | - | €2,729 | +€2,729 | |
| Trade debts | 44 | €45,503 | €15,456 | -€30,047 | -66.0% |
| Suppliers | 440/4 | €45,503 | €15,456 | -€30,047 | -66.0% |
| Taxes, remuneration and social security | 45 | €7,024 | €48,643 | +€41,619 | +592.6% |
| Taxes | 450/3 | €7,024 | €48,643 | +€41,619 | +592.6% |
| Accrued charges and deferred income | 492/3 | €988 | €805 | -€183 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,661 | €29,381 | +€720 | +2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,818 | €2,824 | +€6 | +0.2% |
| Non-recurring operating charges | 66A | €3,036 | €1,353 | -€1,683 | -55.4% |
| Gross operating margin | 9900 | €196,941 | €275,821 | +€78,880 | +40.1% |
| Operating profit (loss) | 9901 | €162,426 | €242,263 | +€79,837 | +49.2% |
| Financial income | 75/76B | €1,844 | €2,464 | +€621 | +33.7% |
| Recurring financial income | 75 | €1,844 | €2,464 | +€621 | +33.7% |
| Financial charges | 65/66B | €13,216 | €11,479 | -€1,737 | -13.1% |
| Recurring financial charges | 65 | €13,216 | €11,479 | -€1,737 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €151,054 | €233,249 | +€82,195 | +54.4% |
| Income taxes | 67/77 | €45,503 | €74,627 | +€29,124 | +64.0% |
| Profit (loss) for the period | 9904 | €105,551 | €158,621 | +€53,071 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,551 | €158,621 | +€53,071 | +50.3% |
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 6 October 2026 via checked.be.