D en C: 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.
D en C
Largest movements
- Tangible fixed assets -€31,513
down €31,513 (-10.1%), from €311,320 to €279,807
of which Land and buildings: -€30,798
- Receivables within one year +€8,439
up €8,439 (+167%), from €5,046 to €13,485
of which Other amounts receivable: +€7,344
- Debts after one year -€27,894
down €27,894 (-46.1%), from €60,512 to €32,619
- Gross operating margin +€14,287
up €14,287 (+60.5%), from €23,604 to €37,890
- Depreciation -€2,173
down €2,173 (-6.2%), from €35,046 to €32,873
- Financial charges -€421
down €421 (-22.7%), from €1,853 to €1,432
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 | €525,647 | €504,449 | -€21,198 | -4.0% |
| Fixed assets | 21/28 | €518,820 | €487,307 | -€31,513 | -6.1% |
| Tangible fixed assets | 22/27 | €311,320 | €279,807 | -€31,513 | -10.1% |
| Land and buildings | 22 | €309,333 | €278,535 | -€30,798 | -10.0% |
| Plant, machinery and equipment | 23 | €1,535 | €1,049 | -€486 | -31.7% |
| Furniture and vehicles | 24 | €452 | €223 | -€229 | -50.7% |
| Financial fixed assets | 28 | €207,500 | €207,500 | = | 0.0% |
| Current assets | 29/58 | €6,826 | €17,142 | +€10,316 | +151% |
| Amounts receivable within one year | 40/41 | €5,046 | €13,485 | +€8,439 | +167% |
| Trade receivables | 40 | - | €1,096 | +€1,096 | |
| Other amounts receivable | 41 | €5,046 | €12,389 | +€7,344 | +146% |
| Cash at bank and in hand | 54/58 | €379 | €1,992 | +€1,613 | +425% |
| Deferred charges and accrued income | 490/1 | €1,402 | €1,665 | +€264 | +18.8% |
| Total equity and liabilities | 10/49 | €525,647 | €504,449 | -€21,198 | -4.0% |
| Equity | 10/15 | €351,422 | €352,926 | +€1,504 | +0.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €345,217 | €346,721 | +€1,504 | +0.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €343,358 | €344,862 | +€1,504 | +0.4% |
| Amounts payable | 17/49 | €174,225 | €151,523 | -€22,702 | -13.0% |
| Amounts payable after more than one year | 17 | €60,512 | €32,619 | -€27,894 | -46.1% |
| Financial debts | 170/4 | €60,512 | €32,619 | -€27,894 | -46.1% |
| Amounts payable within one year | 42/48 | €113,713 | €118,180 | +€4,467 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €26,541 | €28,539 | +€1,998 | +7.5% |
| Trade debts | 44 | €1,141 | - | -€1,141 | |
| Suppliers | 440/4 | €1,141 | - | -€1,141 | |
| Taxes, remuneration and social security | 45 | €576 | €754 | +€177 | +30.8% |
| Taxes | 450/3 | €576 | €754 | +€177 | +30.8% |
| Other amounts payable | 47/48 | €85,455 | €88,887 | +€3,432 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €724 | +€724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,046 | €32,873 | -€2,173 | -6.2% |
| Other operating charges | 640/8 | €2,764 | €2,454 | -€310 | -11.2% |
| Gross operating margin | 9900 | €23,604 | €37,890 | +€14,287 | +60.5% |
| Operating profit (loss) | 9901 | -€14,206 | €2,563 | +€16,770 | |
| Financial income | 75/76B | €274 | €523 | +€248 | +90.6% |
| Recurring financial income | 75 | €274 | €523 | +€248 | +90.6% |
| Financial charges | 65/66B | €1,853 | €1,432 | -€421 | -22.7% |
| Recurring financial charges | 65 | €1,853 | €1,432 | -€421 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,784 | €1,654 | +€17,439 | |
| Income taxes | 67/77 | €0 | €150 | +€150 | +299,900% |
| Profit (loss) for the period | 9904 | -€15,785 | €1,504 | +€17,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,785 | €1,504 | +€17,289 |
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 27 October 2026 via checked.be.