CONTRAST: 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.
CONTRAST
Largest movements
- Cash +€30,015
up €30,015 (+30.2%), from €99,489 to €129,503
mainly Net result for the year (+€26,966) and Depreciation (+€1,844)
- Tangible fixed assets -€1,844
no longer reported in 2025 (was €1,844)
- Reserves +€26,966
up €26,966 (+31.9%), from €84,652 to €111,618
of which Distributable reserves: +€28,826
- Tax, wage and social debts +€1,728
up €1,728 (+38.1%), from €4,535 to €6,264
- Gross operating margin +€12,497
up €12,497 (+65.5%), from €19,066 to €31,563
- Taxes +€1,275
up €1,275 (+83.4%), from €1,529 to €2,804
- Financial income +€603
up €603 (+854%), from €71 to €673
- Depreciation -€516
down €516 (-21.9%), from €2,360 to €1,844
- Other operating charges -€452
down €452 (-43.8%), from €1,031 to €579
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 | €113,307 | €141,108 | +€27,801 | +24.5% |
| Fixed assets | 21/28 | €1,940 | €96 | -€1,844 | -95.0% |
| Tangible fixed assets | 22/27 | €1,844 | - | -€1,844 | |
| Furniture and vehicles | 24 | €1,844 | - | -€1,844 | |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €111,367 | €141,012 | +€29,645 | +26.6% |
| Amounts receivable within one year | 40/41 | €11,259 | €11,171 | -€88 | -0.8% |
| Trade receivables | 40 | €10,536 | €11,017 | +€480 | +4.6% |
| Other amounts receivable | 41 | €723 | €155 | -€568 | -78.6% |
| Cash at bank and in hand | 54/58 | €99,489 | €129,503 | +€30,015 | +30.2% |
| Deferred charges and accrued income | 490/1 | €619 | €337 | -€282 | -45.5% |
| Total equity and liabilities | 10/49 | €113,307 | €141,108 | +€27,801 | +24.5% |
| Equity | 10/15 | €103,252 | €130,218 | +€26,966 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,652 | €111,618 | +€26,966 | +31.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €16,475 | €16,475 | = | 0.0% |
| Distributable reserves | 133 | €66,317 | €95,143 | +€28,826 | +43.5% |
| Amounts payable | 17/49 | €10,055 | €10,891 | +€835 | +8.3% |
| Amounts payable within one year | 42/48 | €9,975 | €10,817 | +€842 | +8.4% |
| Trade debts | 44 | €440 | €34 | -€406 | -92.3% |
| Suppliers | 440/4 | €440 | €34 | -€406 | -92.3% |
| Taxes, remuneration and social security | 45 | €4,535 | €6,264 | +€1,728 | +38.1% |
| Taxes | 450/3 | €4,535 | €6,264 | +€1,728 | +38.1% |
| Other amounts payable | 47/48 | €5,000 | €4,520 | -€480 | -9.6% |
| Accrued charges and deferred income | 492/3 | €80 | €73 | -€7 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,360 | €1,844 | -€516 | -21.9% |
| Other operating charges | 640/8 | €1,031 | €579 | -€452 | -43.8% |
| Gross operating margin | 9900 | €19,066 | €31,563 | +€12,497 | +65.5% |
| Operating profit (loss) | 9901 | €15,675 | €29,140 | +€13,465 | +85.9% |
| Financial income | 75/76B | €71 | €673 | +€603 | +854% |
| Recurring financial income | 75 | €71 | €673 | +€603 | +854% |
| Financial charges | 65/66B | €40 | €44 | +€4 | +10.0% |
| Recurring financial charges | 65 | €40 | €44 | +€4 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €15,706 | €29,769 | +€14,064 | +89.5% |
| Income taxes | 67/77 | €1,529 | €2,804 | +€1,275 | +83.4% |
| Profit (loss) for the period | 9904 | €14,177 | €26,966 | +€12,789 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,177 | €26,966 | +€12,789 | +90.2% |
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 21 October 2026 via checked.be.