CONTENT: 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.
CONTENT
Largest movements
- Receivables within one year +€33,269
up €33,269 (+5.9%), from €562,337 to €595,606
of which Other amounts receivable: +€25,351
- Reserves +€49,003
up €49,003 (+13.3%), from €367,821 to €416,824
- Tax, wage and social debts -€22,052
down €22,052 (-48.6%), from €45,382 to €23,331
- Gross operating margin -€145,079
down €145,079 (-76.1%), from €190,767 to €45,687
- Taxes -€47,018
down €47,018 (-68.7%), from €68,446 to €21,428
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 | €595,979 | €624,190 | +€28,211 | +4.7% |
| Fixed assets | 21/28 | €17,410 | €13,427 | -€3,983 | -22.9% |
| Tangible fixed assets | 22/27 | €17,410 | €13,427 | -€3,983 | -22.9% |
| Furniture and vehicles | 24 | €3,241 | €1,396 | -€1,845 | -56.9% |
| Other tangible fixed assets | 26 | €14,169 | €12,030 | -€2,138 | -15.1% |
| Current assets | 29/58 | €578,570 | €610,763 | +€32,194 | +5.6% |
| Amounts receivable within one year | 40/41 | €562,337 | €595,606 | +€33,269 | +5.9% |
| Trade receivables | 40 | €9,075 | €16,992 | +€7,917 | +87.2% |
| Other amounts receivable | 41 | €553,262 | €578,614 | +€25,351 | +4.6% |
| Current investments | 50/53 | €5,950 | €5,903 | -€47 | -0.8% |
| Cash at bank and in hand | 54/58 | €8,685 | €7,726 | -€958 | -11.0% |
| Deferred charges and accrued income | 490/1 | €1,597 | €1,528 | -€70 | -4.4% |
| Total equity and liabilities | 10/49 | €595,979 | €624,190 | +€28,211 | +4.7% |
| Equity | 10/15 | €416,330 | €465,332 | +€49,003 | +11.8% |
| Contributions | 10/11 | €48,509 | €48,509 | = | 0.0% |
| Reserves | 13 | €367,821 | €416,824 | +€49,003 | +13.3% |
| Distributable reserves | 133 | €367,821 | €416,824 | +€49,003 | +13.3% |
| Amounts payable | 17/49 | €179,649 | €158,857 | -€20,792 | -11.6% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,137 | €79,807 | -€20,329 | -20.3% |
| Trade debts | 44 | €322 | €5,419 | +€5,098 | +1583.8% |
| Suppliers | 440/4 | €322 | €5,419 | +€5,098 | +1583.8% |
| Taxes, remuneration and social security | 45 | €45,382 | €23,331 | -€22,052 | -48.6% |
| Taxes | 450/3 | €45,382 | €23,331 | -€22,052 | -48.6% |
| Other amounts payable | 47/48 | €54,433 | €51,058 | -€3,375 | -6.2% |
| Accrued charges and deferred income | 492/3 | €4,513 | €4,050 | -€463 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,606 | €3,983 | +€1,377 | +52.9% |
| Other operating charges | 640/8 | €814 | €1,887 | +€1,073 | +131.8% |
| Gross operating margin | 9900 | €190,767 | €45,687 | -€145,079 | -76.1% |
| Operating profit (loss) | 9901 | €187,347 | €39,817 | -€147,529 | -78.7% |
| Financial income | 75/76B | €36,440 | €36,866 | +€425 | +1.2% |
| Recurring financial income | 75 | €36,440 | €36,866 | +€425 | +1.2% |
| Financial charges | 65/66B | €7,859 | €6,252 | -€1,607 | -20.4% |
| Recurring financial charges | 65 | €7,859 | €6,252 | -€1,607 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €215,927 | €70,431 | -€145,497 | -67.4% |
| Income taxes | 67/77 | €68,446 | €21,428 | -€47,018 | -68.7% |
| Profit (loss) for the period | 9904 | €147,481 | €49,003 | -€98,478 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €147,481 | €49,003 | -€98,478 | -66.8% |
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 12 October 2026 via checked.be.