EDIT CONSULT: 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.
EDIT CONSULT
Largest movements
- Tangible fixed assets -€73,714
down €73,714 (-8.0%), from €922,329 to €848,616
of which Land and buildings: -€73,433
- Receivables within one year +€26,931
up €26,931 (+52.0%), from €51,804 to €78,735
of which Other amounts receivable: +€27,342
- Debts after one year -€145,040
down €145,040 (-19.1%), from €758,822 to €613,782
- Current portion of long-term debt +€39,195
up €39,195 (+76.7%), from €51,104 to €90,298
- Other debts +€28,917
up €28,917 (+26.5%), from €109,123 to €138,040
- Reserves +€21,673
up €21,673 (+7.3%), from €297,938 to €319,611
of which Distributable reserves: +€39,170
- Gross operating margin +€21,771
up €21,771 (+14.8%), from €147,291 to €169,062
- Financial charges +€8,493
up €8,493 (+41.7%), from €20,368 to €28,861
- Depreciation -€7,817
down €7,817 (-9.6%), from €81,531 to €73,714
- Taxes +€6,819
up €6,819 (+46.2%), from €14,752 to €21,570
- Financial income -€3,147
down €3,147 (-76.6%), from €4,108 to €961
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 | €1,428,773 | €1,382,829 | -€45,945 | -3.2% |
| Fixed assets | 21/28 | €1,122,944 | €1,049,231 | -€73,714 | -6.6% |
| Tangible fixed assets | 22/27 | €922,329 | €848,616 | -€73,714 | -8.0% |
| Land and buildings | 22 | €920,154 | €846,721 | -€73,433 | -8.0% |
| Furniture and vehicles | 24 | €2,176 | €1,895 | -€281 | -12.9% |
| Financial fixed assets | 28 | €200,615 | €200,615 | = | 0.0% |
| Current assets | 29/58 | €305,829 | €333,598 | +€27,769 | +9.1% |
| Amounts receivable after more than one year | 29 | €241,000 | €241,000 | = | 0.0% |
| Other amounts receivable | 291 | €241,000 | €241,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,804 | €78,735 | +€26,931 | +52.0% |
| Trade receivables | 40 | €412 | - | -€412 | |
| Other amounts receivable | 41 | €51,392 | €78,735 | +€27,342 | +53.2% |
| Cash at bank and in hand | 54/58 | €10,729 | €12,363 | +€1,635 | +15.2% |
| Deferred charges and accrued income | 490/1 | €2,297 | €1,500 | -€797 | -34.7% |
| Total equity and liabilities | 10/49 | €1,428,773 | €1,382,829 | -€45,945 | -3.2% |
| Equity | 10/15 | €491,504 | €513,178 | +€21,673 | +4.4% |
| Contributions | 10/11 | €193,566 | €193,566 | = | 0.0% |
| Reserves | 13 | €297,938 | €319,611 | +€21,673 | +7.3% |
| Non-distributable reserves | 130/1 | €17,497 | - | -€17,497 | |
| Reserves not available under the articles | 1311 | €17,497 | - | -€17,497 | |
| Distributable reserves | 133 | €280,441 | €319,611 | +€39,170 | +14.0% |
| Amounts payable | 17/49 | €937,269 | €869,651 | -€67,618 | -7.2% |
| Amounts payable after more than one year | 17 | €758,822 | €613,782 | -€145,040 | -19.1% |
| Financial debts | 170/4 | €758,822 | €613,782 | -€145,040 | -19.1% |
| Amounts payable within one year | 42/48 | €177,547 | €255,820 | +€78,273 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €51,104 | €90,298 | +€39,195 | +76.7% |
| Trade debts | 44 | €2,479 | €2,922 | +€443 | +17.8% |
| Suppliers | 440/4 | €2,479 | €2,922 | +€443 | +17.8% |
| Advances received on contracts in progress | 46 | - | €2,900 | +€2,900 | |
| Taxes, remuneration and social security | 45 | €14,841 | €21,659 | +€6,819 | +45.9% |
| Taxes | 450/3 | €14,841 | €21,659 | +€6,819 | +45.9% |
| Other amounts payable | 47/48 | €109,123 | €138,040 | +€28,917 | +26.5% |
| Accrued charges and deferred income | 492/3 | €900 | €49 | -€851 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,531 | €73,714 | -€7,817 | -9.6% |
| Other operating charges | 640/8 | €5,488 | €3,751 | -€1,737 | -31.7% |
| Gross operating margin | 9900 | €147,291 | €169,062 | +€21,771 | +14.8% |
| Operating profit (loss) | 9901 | €60,272 | €91,598 | +€31,325 | +52.0% |
| Financial income | 75/76B | €4,108 | €961 | -€3,147 | -76.6% |
| Recurring financial income | 75 | €4,108 | €961 | -€3,147 | -76.6% |
| Financial charges | 65/66B | €20,368 | €28,861 | +€8,493 | +41.7% |
| Recurring financial charges | 65 | €20,368 | €28,861 | +€8,493 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €44,012 | €63,698 | +€19,685 | +44.7% |
| Income taxes | 67/77 | €14,752 | €21,570 | +€6,819 | +46.2% |
| Profit (loss) for the period | 9904 | €29,261 | €42,127 | +€12,867 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,261 | €42,127 | +€12,867 | +44.0% |
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 3 October 2026 via checked.be.