COMPETENCE (a): 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.
COMPETENCE (a)
Largest movements
- Current investments -€97,461
down €97,461 (-29.3%), from €333,114 to €235,654
- Receivables within one year +€54,675
up €54,675 (+1513.0%), from €3,614 to €58,289
of which Other amounts receivable: +€55,133
- Cash +€24,996
up €24,996 (+291.5%), from €8,574 to €33,570
mainly Current investments (+€97,461)
- Other debts -€9,989
down €9,989 (-6.4%), from €155,962 to €145,973
- Profit (loss) carried forward -€7,603
down €7,603 (-3.0%), from -€257,415 to -€265,018
- Financial income +€8,589
up €8,589 (+165.8%), from €5,181 to €13,769
- Gross operating margin -€2,640
down €2,640 (-15.6%), from -€16,963 to -€19,602
- Taxes -€336
no longer reported in 2025 (was €336)
- Other operating charges +€282
up €282 (+23.4%), from €1,207 to €1,488
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 | €345,302 | €327,756 | -€17,547 | -5.1% |
| Current assets | 29/58 | €345,302 | €327,756 | -€17,547 | -5.1% |
| Amounts receivable within one year | 40/41 | €3,614 | €58,289 | +€54,675 | +1513.0% |
| Trade receivables | 40 | €457 | - | -€457 | |
| Other amounts receivable | 41 | €3,156 | €58,289 | +€55,133 | +1746.7% |
| Current investments | 50/53 | €333,114 | €235,654 | -€97,461 | -29.3% |
| Cash at bank and in hand | 54/58 | €8,574 | €33,570 | +€24,996 | +291.5% |
| Deferred charges and accrued income | 490/1 | - | €243 | +€243 | |
| Total equity and liabilities | 10/49 | €345,302 | €327,756 | -€17,547 | -5.1% |
| Equity | 10/15 | €188,699 | €181,097 | -€7,603 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €384,115 | €384,115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €377,915 | €377,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,415 | -€265,018 | -€7,603 | -3.0% |
| Amounts payable | 17/49 | €156,603 | €146,659 | -€9,944 | -6.3% |
| Amounts payable within one year | 42/48 | €156,603 | €146,659 | -€9,944 | -6.3% |
| Trade debts | 44 | €361 | €424 | +€63 | +17.4% |
| Suppliers | 440/4 | €361 | €424 | +€63 | +17.4% |
| Taxes, remuneration and social security | 45 | €280 | €262 | -€18 | -6.5% |
| Taxes | 450/3 | €280 | €262 | -€18 | -6.5% |
| Other amounts payable | 47/48 | €155,962 | €145,973 | -€9,989 | -6.4% |
| Other operating charges | 640/8 | €1,207 | €1,488 | +€282 | +23.4% |
| Gross operating margin | 9900 | -€16,963 | -€19,602 | -€2,640 | -15.6% |
| Operating profit (loss) | 9901 | -€18,169 | -€21,090 | -€2,921 | -16.1% |
| Financial income | 75/76B | €5,181 | €13,769 | +€8,589 | +165.8% |
| Recurring financial income | 75 | €5,181 | €13,769 | +€8,589 | +165.8% |
| Financial charges | 65/66B | €233 | €282 | +€49 | +20.9% |
| Recurring financial charges | 65 | €233 | €282 | +€49 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,221 | -€7,603 | +€5,619 | +42.5% |
| Income taxes | 67/77 | €336 | - | -€336 | |
| Profit (loss) for the period | 9904 | -€13,557 | -€7,603 | +€5,955 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,557 | -€7,603 | +€5,955 | +43.9% |
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 4 October 2026 via checked.be.