DARK MODE DM: 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.
DARK MODE DM
Largest movements
- Tangible fixed assets +€216,727
up €216,727 (+28.1%), from €772,592 to €989,319
of which Land and buildings: +€224,881
- Cash -€15,592
down €15,592 (-43.6%), from €35,730 to €20,138
mainly Investment in fixed assets (net) (-€301,577) and Other debts (-€2,616)
- Debts after one year +€164,101
up €164,101 (+32.0%), from €513,158 to €677,259
- Reserves +€39,097
up €39,097 (+24.3%), from €160,925 to €200,022
- Depreciation -€7,257
down €7,257 (-7.9%), from €92,108 to €84,851
- Gross operating margin +€5,672
up €5,672 (+3.5%), from €162,000 to €167,672
- Financial charges +€5,224
up €5,224 (+36.4%), from €14,361 to €19,585
- Taxes +€2,651
up €2,651 (+18.9%), from €13,992 to €16,643
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 | €832,712 | €1,034,764 | +€202,052 | +24.3% |
| Fixed assets | 21/28 | €773,192 | €989,919 | +€216,727 | +28.0% |
| Tangible fixed assets | 22/27 | €772,592 | €989,319 | +€216,727 | +28.1% |
| Land and buildings | 22 | €764,438 | €989,319 | +€224,881 | +29.4% |
| Furniture and vehicles | 24 | €8,154 | - | -€8,154 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €59,520 | €44,845 | -€14,675 | -24.7% |
| Amounts receivable within one year | 40/41 | €21,670 | €23,405 | +€1,735 | +8.0% |
| Trade receivables | 40 | €21,669 | €23,405 | +€1,736 | +8.0% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €35,730 | €20,138 | -€15,592 | -43.6% |
| Deferred charges and accrued income | 490/1 | €2,120 | €1,302 | -€818 | -38.6% |
| Total equity and liabilities | 10/49 | €832,712 | €1,034,764 | +€202,052 | +24.3% |
| Equity | 10/15 | €175,925 | €215,022 | +€39,097 | +22.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €160,925 | €200,022 | +€39,097 | +24.3% |
| Distributable reserves | 133 | €160,925 | €200,022 | +€39,097 | +24.3% |
| Amounts payable | 17/49 | €656,787 | €819,742 | +€162,955 | +24.8% |
| Amounts payable after more than one year | 17 | €513,158 | €677,259 | +€164,101 | +32.0% |
| Financial debts | 170/4 | €513,158 | €677,259 | +€164,101 | +32.0% |
| Amounts payable within one year | 42/48 | €143,290 | €142,140 | -€1,150 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €43,002 | €45,899 | +€2,897 | +6.7% |
| Trade debts | 44 | €620 | €923 | +€303 | +48.8% |
| Suppliers | 440/4 | €620 | €923 | +€303 | +48.8% |
| Taxes, remuneration and social security | 45 | €22,910 | €21,177 | -€1,733 | -7.6% |
| Taxes | 450/3 | €20,410 | €18,677 | -€1,733 | -8.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €76,757 | €74,141 | -€2,616 | -3.4% |
| Accrued charges and deferred income | 492/3 | €339 | €343 | +€4 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,108 | €84,851 | -€7,257 | -7.9% |
| Other operating charges | 640/8 | €8,846 | €7,497 | -€1,350 | -15.3% |
| Gross operating margin | 9900 | €162,000 | €167,672 | +€5,672 | +3.5% |
| Operating profit (loss) | 9901 | €61,046 | €75,325 | +€14,279 | +23.4% |
| Financial charges | 65/66B | €14,361 | €19,585 | +€5,224 | +36.4% |
| Recurring financial charges | 65 | €14,361 | €19,585 | +€5,224 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €46,685 | €55,741 | +€9,056 | +19.4% |
| Income taxes | 67/77 | €13,992 | €16,643 | +€2,651 | +18.9% |
| Profit (loss) for the period | 9904 | €32,692 | €39,097 | +€6,405 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,692 | €39,097 | +€6,405 | +19.6% |
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 13 October 2026 via checked.be.