ELINE: 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.
ELINE
Largest movements
- Receivables within one year +€22,783
up €22,783 (+30.9%), from €73,740 to €96,523
of which Other amounts receivable: +€32,328
- Current investments +€9,356
up €9,356 (+389.8%), from €2,400 to €11,756
- Cash -€8,110
down €8,110 (-21.3%), from €38,147 to €30,036
mainly Contributions, distributions and other (-€94,094) and Short-term financial debts (-€28,596)
- Other debts +€94,094
new in 2025: €94,094
- Reserves -€30,954
down €30,954 (-16.6%), from €185,945 to €154,991
of which Distributable reserves: -€30,954
- Short-term financial debts -€28,596
down €28,596 (-71.0%), from €40,263 to €11,667
- Debts after one year -€18,825
down €18,825 (-15.5%), from €121,706 to €102,881
- Financial income +€49,618
up €49,618 (+1253.3%), from €3,959 to €53,577
of which Financial income: +€33,885
- Gross operating margin -€42,996
down €42,996 (-36.1%), from €119,051 to €76,054
- Financial charges +€4,028
up €4,028 (+92.7%), from €4,347 to €8,375
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 | €444,545 | €464,587 | +€20,042 | +4.5% |
| Fixed assets | 21/28 | €181,192 | €176,544 | -€4,648 | -2.6% |
| Tangible fixed assets | 22/27 | €45,281 | €40,733 | -€4,548 | -10.0% |
| Land and buildings | 22 | €15,185 | €7,592 | -€7,592 | -50.0% |
| Plant, machinery and equipment | 23 | €28,142 | €25,239 | -€2,903 | -10.3% |
| Furniture and vehicles | 24 | €1,954 | €7,902 | +€5,947 | +304.3% |
| Financial fixed assets | 28 | €135,911 | €135,811 | -€100 | -0.1% |
| Current assets | 29/58 | €263,353 | €288,043 | +€24,690 | +9.4% |
| Amounts receivable after more than one year | 29 | €146,500 | €146,500 | = | 0.0% |
| Other amounts receivable | 291 | €146,500 | €146,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,740 | €96,523 | +€22,783 | +30.9% |
| Trade receivables | 40 | €37,495 | €27,950 | -€9,545 | -25.5% |
| Other amounts receivable | 41 | €36,245 | €68,573 | +€32,328 | +89.2% |
| Current investments | 50/53 | €2,400 | €11,756 | +€9,356 | +389.8% |
| Cash at bank and in hand | 54/58 | €38,147 | €30,036 | -€8,110 | -21.3% |
| Deferred charges and accrued income | 490/1 | €2,567 | €3,228 | +€662 | +25.8% |
| Total equity and liabilities | 10/49 | €444,545 | €464,587 | +€20,042 | +4.5% |
| Equity | 10/15 | €204,587 | €173,633 | -€30,954 | -15.1% |
| Contributions | 10/11 | €18,642 | €18,642 | = | 0.0% |
| Reserves | 13 | €185,945 | €154,991 | -€30,954 | -16.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €185,945 | €154,991 | -€30,954 | -16.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €239,958 | €290,954 | +€50,997 | +21.3% |
| Amounts payable after more than one year | 17 | €121,706 | €102,881 | -€18,825 | -15.5% |
| Financial debts | 170/4 | €121,706 | €102,881 | -€18,825 | -15.5% |
| Amounts payable within one year | 42/48 | €117,907 | €187,217 | +€69,310 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €18,072 | €18,825 | +€753 | +4.2% |
| Financial debts | 43 | €40,263 | €11,667 | -€28,596 | -71.0% |
| Credit institutions | 430/8 | €40,263 | €11,667 | -€28,596 | -71.0% |
| Trade debts | 44 | €15,557 | €14,271 | -€1,286 | -8.3% |
| Suppliers | 440/4 | €15,557 | €14,271 | -€1,286 | -8.3% |
| Taxes, remuneration and social security | 45 | €44,014 | €48,360 | +€4,346 | +9.9% |
| Taxes | 450/3 | €40,790 | €45,127 | +€4,337 | +10.6% |
| Remuneration and social security | 454/9 | €3,224 | €3,233 | +€9 | +0.3% |
| Other amounts payable | 47/48 | - | €94,094 | +€94,094 | |
| Accrued charges and deferred income | 492/3 | €345 | €856 | +€511 | +148.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,854 | €14,881 | +€1,026 | +7.4% |
| Other operating charges | 640/8 | €6,915 | €7,456 | +€541 | +7.8% |
| Gross operating margin | 9900 | €119,051 | €76,054 | -€42,996 | -36.1% |
| Operating profit (loss) | 9901 | €98,281 | €53,718 | -€44,564 | -45.3% |
| Financial income | 75/76B | €3,959 | €53,577 | +€49,618 | +1253.3% |
| Recurring financial income | 75 | €3,959 | €37,844 | +€33,885 | +855.9% |
| Non-recurring financial income | 76B | - | €15,733 | +€15,733 | |
| Financial charges | 65/66B | €4,347 | €8,375 | +€4,028 | +92.7% |
| Recurring financial charges | 65 | €4,347 | €8,375 | +€4,028 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €97,894 | €98,920 | +€1,026 | +1.0% |
| Income taxes | 67/77 | €35,324 | €35,780 | +€455 | +1.3% |
| Profit (loss) for the period | 9904 | €62,569 | €63,140 | +€571 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,569 | €63,140 | +€571 | +0.9% |
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.