COUNTRYBUTE: 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.
COUNTRYBUTE
Largest movements
- Current investments -€192,875
down €192,875 (-70.6%), from €273,170 to €80,295
- Cash +€113,471
up €113,471 (+175%), from €64,755 to €178,226
mainly Current investments (+€192,875) and Receivables within one year (+€32,917)
- Receivables within one year -€32,917
down €32,917 (-67.9%), from €48,448 to €15,531
of which Trade receivables: -€46,767
- Other debts -€67,902
down €67,902 (-100%), from €67,902 to €0
- Reserves -€49,508
down €49,508 (-15.8%), from €313,352 to €263,844
- Gross operating margin -€94,848
down €94,848 (-88.3%), from €107,380 to €12,532
- Taxes -€25,508
down €25,508 (-83.5%), from €30,536 to €5,028
- Financial income +€19,786
up €19,786 (+186%), from €10,654 to €30,440
- Financial charges +€7,740
up €7,740 (+259%), from €2,984 to €10,724
- Depreciation -€2,515
down €2,515 (-28.6%), from €8,779 to €6,265
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 | €412,153 | €295,800 | -€116,353 | -28.2% |
| Fixed assets | 21/28 | €24,434 | €20,739 | -€3,695 | -15.1% |
| Tangible fixed assets | 22/27 | €23,934 | €20,739 | -€3,195 | -13.3% |
| Land and buildings | 22 | €17,060 | €13,934 | -€3,127 | -18.3% |
| Plant, machinery and equipment | 23 | €3,064 | €2,016 | -€1,048 | -34.2% |
| Furniture and vehicles | 24 | €3,810 | €1,975 | -€1,835 | -48.2% |
| Other tangible fixed assets | 26 | - | €2,815 | +€2,815 | |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €387,719 | €275,061 | -€112,658 | -29.1% |
| Amounts receivable within one year | 40/41 | €48,448 | €15,531 | -€32,917 | -67.9% |
| Trade receivables | 40 | €46,767 | €0 | -€46,767 | -100% |
| Other amounts receivable | 41 | €1,681 | €15,531 | +€13,849 | +824% |
| Current investments | 50/53 | €273,170 | €80,295 | -€192,875 | -70.6% |
| Cash at bank and in hand | 54/58 | €64,755 | €178,226 | +€113,471 | +175% |
| Deferred charges and accrued income | 490/1 | €1,346 | €1,009 | -€337 | -25.0% |
| Total equity and liabilities | 10/49 | €412,153 | €295,800 | -€116,353 | -28.2% |
| Equity | 10/15 | €319,552 | €270,044 | -€49,508 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €313,352 | €263,844 | -€49,508 | -15.8% |
| Distributable reserves | 133 | €313,352 | €263,844 | -€49,508 | -15.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,601 | €25,756 | -€66,845 | -72.2% |
| Amounts payable within one year | 42/48 | €92,601 | €25,756 | -€66,845 | -72.2% |
| Financial debts | 43 | €984 | €984 | -€0 | 0.0% |
| Credit institutions | 430/8 | €984 | €984 | -€0 | 0.0% |
| Trade debts | 44 | €717 | €1,330 | +€613 | +85.5% |
| Suppliers | 440/4 | €717 | €1,330 | +€613 | +85.5% |
| Advances received on contracts in progress | 46 | - | €1,047 | +€1,047 | |
| Taxes, remuneration and social security | 45 | €22,997 | €22,395 | -€602 | -2.6% |
| Taxes | 450/3 | €22,997 | €18,804 | -€4,193 | -18.2% |
| Remuneration and social security | 454/9 | - | €3,591 | +€3,591 | |
| Other amounts payable | 47/48 | €67,902 | €0 | -€67,902 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,779 | €6,265 | -€2,515 | -28.6% |
| Other operating charges | 640/8 | €688 | €1,164 | +€476 | +69.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €107,380 | €12,532 | -€94,848 | -88.3% |
| Operating profit (loss) | 9901 | €97,912 | €5,103 | -€92,809 | -94.8% |
| Financial income | 75/76B | €10,654 | €30,440 | +€19,786 | +186% |
| Recurring financial income | 75 | €10,654 | €30,440 | +€19,786 | +186% |
| Financial charges | 65/66B | €2,984 | €10,724 | +€7,740 | +259% |
| Recurring financial charges | 65 | €2,984 | €10,724 | +€7,740 | +259% |
| Profit (loss) for the period before taxes | 9903 | €105,581 | €24,818 | -€80,763 | -76.5% |
| Income taxes | 67/77 | €30,536 | €5,028 | -€25,508 | -83.5% |
| Profit (loss) for the period | 9904 | €75,045 | €19,790 | -€55,255 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,045 | €19,790 | -€55,255 | -73.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.