CORPORATE: 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.
CORPORATE
Largest movements
- Tangible fixed assets -€53,630
down €53,630 (-19.1%), from €280,573 to €226,943
of which Land and buildings: -€51,055
- Other debts -€60,232
down €60,232 (-17.4%), from €345,278 to €285,046
- Profit (loss) carried forward +€4,223
up €4,223 (+4.7%), from -€89,103 to -€84,879
- Gross operating margin -€2,948
down €2,948 (-9.8%), from €30,004 to €27,056
- Other operating charges -€2,524
down €2,524 (-39.3%), from €6,428 to €3,904
- Financial charges +€1,180
up €1,180 (+584.6%), from €202 to €1,381
- Taxes -€843
down €843 (-34.1%), from €2,470 to €1,627
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 | €291,719 | €234,919 | -€56,800 | -19.5% |
| Fixed assets | 21/28 | €280,573 | €226,943 | -€53,630 | -19.1% |
| Tangible fixed assets | 22/27 | €280,573 | €226,943 | -€53,630 | -19.1% |
| Land and buildings | 22 | €263,982 | €212,927 | -€51,055 | -19.3% |
| Plant, machinery and equipment | 23 | €12,027 | €11,164 | -€863 | -7.2% |
| Furniture and vehicles | 24 | €4,565 | €2,852 | -€1,712 | -37.5% |
| Current assets | 29/58 | €11,146 | €7,976 | -€3,170 | -28.4% |
| Amounts receivable within one year | 40/41 | €5,734 | €5,564 | -€170 | -3.0% |
| Trade receivables | 40 | €5,564 | €5,564 | = | 0.0% |
| Other amounts receivable | 41 | €170 | €0 | -€170 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,550 | €1,642 | -€2,908 | -63.9% |
| Deferred charges and accrued income | 490/1 | €861 | €770 | -€91 | -10.6% |
| Total equity and liabilities | 10/49 | €291,719 | €234,919 | -€56,800 | -19.5% |
| Equity | 10/15 | -€68,651 | -€64,428 | +€4,223 | +6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,103 | -€84,879 | +€4,223 | +4.7% |
| Amounts payable | 17/49 | €360,370 | €299,347 | -€61,023 | -16.9% |
| Amounts payable after more than one year | 17 | €8,299 | €8,299 | = | 0.0% |
| Other amounts payable | 178/9 | €8,299 | €8,299 | = | 0.0% |
| Amounts payable within one year | 42/48 | €352,071 | €291,048 | -€61,023 | -17.3% |
| Trade debts | 44 | €4,354 | €4,328 | -€26 | -0.6% |
| Suppliers | 440/4 | €4,354 | €4,328 | -€26 | -0.6% |
| Taxes, remuneration and social security | 45 | €2,439 | €1,673 | -€766 | -31.4% |
| Taxes | 450/3 | €2,439 | €1,673 | -€766 | -31.4% |
| Other amounts payable | 47/48 | €345,278 | €285,046 | -€60,232 | -17.4% |
| Non-recurring operating income | 76A | - | €10,409 | +€10,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,827 | €15,921 | +€94 | +0.6% |
| Other operating charges | 640/8 | €6,428 | €3,904 | -€2,524 | -39.3% |
| Gross operating margin | 9900 | €30,004 | €27,056 | -€2,948 | -9.8% |
| Operating profit (loss) | 9901 | €7,749 | €7,232 | -€517 | -6.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €202 | €1,381 | +€1,180 | +584.6% |
| Recurring financial charges | 65 | €202 | €1,381 | +€1,180 | +584.6% |
| Profit (loss) for the period before taxes | 9903 | €7,549 | €5,850 | -€1,699 | -22.5% |
| Income taxes | 67/77 | €2,470 | €1,627 | -€843 | -34.1% |
| Profit (loss) for the period | 9904 | €5,079 | €4,223 | -€856 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,079 | €4,223 | -€856 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.