DIALOGUE: 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.
DIALOGUE
Largest movements
- Tangible fixed assets -€21,480
down €21,480 (-8.4%), from €254,633 to €233,153
of which Land and buildings: -€16,497
- Cash -€5,096
down €5,096 (-17.1%), from €29,734 to €24,638
mainly Debts after one year (-€25,334) and Trade debts (-€9,234)
- Debts after one year -€25,334
down €25,334 (-12.6%), from €200,369 to €175,034
of which Financial debts: -€23,334
- Trade debts -€9,234
down €9,234 (-98.9%), from €9,338 to €104
- Reserves +€7,500
up €7,500 (+19.5%), from €38,455 to €45,955
- Gross operating margin -€5,407
down €5,407 (-10.0%), from €54,189 to €48,782
- Depreciation +€2,093
up €2,093 (+9.1%), from €22,909 to €25,002
- Taxes -€1,089
down €1,089 (-20.4%), from €5,346 to €4,257
- Financial charges -€848
down €848 (-9.5%), from €8,880 to €8,032
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 | €290,898 | €262,673 | -€28,226 | -9.7% |
| Fixed assets | 21/28 | €258,369 | €236,422 | -€21,947 | -8.5% |
| Intangible fixed assets | 21 | €3,736 | €3,269 | -€467 | -12.5% |
| Tangible fixed assets | 22/27 | €254,633 | €233,153 | -€21,480 | -8.4% |
| Land and buildings | 22 | €214,472 | €197,976 | -€16,497 | -7.7% |
| Plant, machinery and equipment | 23 | €26,437 | €23,442 | -€2,995 | -11.3% |
| Furniture and vehicles | 24 | €13,724 | €11,735 | -€1,989 | -14.5% |
| Current assets | 29/58 | €32,530 | €26,251 | -€6,279 | -19.3% |
| Cash at bank and in hand | 54/58 | €29,734 | €24,638 | -€5,096 | -17.1% |
| Deferred charges and accrued income | 490/1 | €2,796 | €1,612 | -€1,183 | -42.3% |
| Total equity and liabilities | 10/49 | €290,898 | €262,673 | -€28,226 | -9.7% |
| Equity | 10/15 | €51,777 | €59,732 | +€7,956 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,455 | €45,955 | +€7,500 | +19.5% |
| Distributable reserves | 133 | €38,455 | €45,955 | +€7,500 | +19.5% |
| Profit (loss) carried forward | 14 | €7,122 | €7,577 | +€456 | +6.4% |
| Amounts payable | 17/49 | €239,122 | €202,940 | -€36,182 | -15.1% |
| Amounts payable after more than one year | 17 | €200,369 | €175,034 | -€25,334 | -12.6% |
| Financial debts | 170/4 | €189,369 | €166,034 | -€23,334 | -12.3% |
| Other amounts payable | 178/9 | €11,000 | €9,000 | -€2,000 | -18.2% |
| Amounts payable within one year | 42/48 | €38,233 | €27,906 | -€10,327 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €22,436 | €23,334 | +€899 | +4.0% |
| Trade debts | 44 | €9,338 | €104 | -€9,234 | -98.9% |
| Suppliers | 440/4 | €9,338 | €104 | -€9,234 | -98.9% |
| Taxes, remuneration and social security | 45 | €5,895 | €3,950 | -€1,945 | -33.0% |
| Taxes | 450/3 | €5,895 | €3,950 | -€1,945 | -33.0% |
| Other amounts payable | 47/48 | €564 | €518 | -€47 | -8.3% |
| Accrued charges and deferred income | 492/3 | €520 | - | -€520 | |
| Non-recurring operating income | 76A | - | €2,185 | +€2,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,909 | €25,002 | +€2,093 | +9.1% |
| Other operating charges | 640/8 | €3,589 | €3,615 | +€26 | +0.7% |
| Gross operating margin | 9900 | €54,189 | €48,782 | -€5,407 | -10.0% |
| Operating profit (loss) | 9901 | €27,691 | €20,165 | -€7,526 | -27.2% |
| Financial income | 75/76B | €3 | €80 | +€77 | +2672.9% |
| Recurring financial income | 75 | €3 | €80 | +€77 | +2672.9% |
| Financial charges | 65/66B | €8,880 | €8,032 | -€848 | -9.5% |
| Recurring financial charges | 65 | €8,880 | €8,032 | -€848 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €18,814 | €12,213 | -€6,601 | -35.1% |
| Income taxes | 67/77 | €5,346 | €4,257 | -€1,089 | -20.4% |
| Profit (loss) for the period | 9904 | €13,468 | €7,956 | -€5,512 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,468 | €7,956 | -€5,512 | -40.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.