ESPACE DE RESSOURCEMENT: 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.
ESPACE DE RESSOURCEMENT
Largest movements
- Tangible fixed assets -€51,194
down €51,194 (-9.7%), from €527,714 to €476,519
of which Land and buildings: -€43,027
- Receivables within one year -€21,667
down €21,667 (-38.3%), from €56,577 to €34,910
of which Trade receivables: -€19,146
- Intangible fixed assets -€17,001
down €17,001 (-29.0%), from €58,591 to €41,591
- Cash -€11,607
down €11,607 (-97.6%), from €11,888 to €281
mainly Net result for the year (-€100,743) and Short-term financial debts (-€36,622)
- Deferred charges and accrued income +€11,268
up €11,268 (+447%), from €2,523 to €13,791
- Profit (loss) carried forward -€100,743
down €100,743 (-122%), from -€82,834 to -€183,576
- Other debts +€67,730
up €67,730 (+347%), from €19,544 to €87,274
- Short-term financial debts -€36,622
down €36,622 (-93.7%), from €39,087 to €2,465
- Debts after one year -€34,599
down €34,599 (-7.2%), from €483,094 to €448,495
- Trade debts -€34,164
down €34,164 (-36.3%), from €94,032 to €59,868
- Gross operating margin +€36,901
up €36,901 (+44.9%), from €82,191 to €119,092
- Financial charges +€8,620
up €8,620 (+39.1%), from €22,042 to €30,662
- Staff costs +€8,072
up €8,072 (+7.7%), from €105,410 to €113,483
- Other operating charges +€3,894
up €3,894 (+97.9%), from €3,979 to €7,873
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 | €659,553 | €569,353 | -€90,200 | -13.7% |
| Fixed assets | 21/28 | €588,565 | €520,370 | -€68,195 | -11.6% |
| Intangible fixed assets | 21 | €58,591 | €41,591 | -€17,001 | -29.0% |
| Tangible fixed assets | 22/27 | €527,714 | €476,519 | -€51,194 | -9.7% |
| Land and buildings | 22 | €516,149 | €473,122 | -€43,027 | -8.3% |
| Furniture and vehicles | 24 | €11,564 | €3,397 | -€8,167 | -70.6% |
| Financial fixed assets | 28 | €2,260 | €2,260 | = | 0.0% |
| Current assets | 29/58 | €70,988 | €48,983 | -€22,005 | -31.0% |
| Amounts receivable within one year | 40/41 | €56,577 | €34,910 | -€21,667 | -38.3% |
| Trade receivables | 40 | €53,458 | €34,311 | -€19,146 | -35.8% |
| Other amounts receivable | 41 | €3,119 | €599 | -€2,520 | -80.8% |
| Cash at bank and in hand | 54/58 | €11,888 | €281 | -€11,607 | -97.6% |
| Deferred charges and accrued income | 490/1 | €2,523 | €13,791 | +€11,268 | +447% |
| Total equity and liabilities | 10/49 | €659,553 | €569,353 | -€90,200 | -13.7% |
| Equity | 10/15 | -€60,834 | -€161,576 | -€100,743 | -166% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,834 | -€183,576 | -€100,743 | -122% |
| Amounts payable | 17/49 | €720,386 | €730,929 | +€10,543 | +1.5% |
| Amounts payable after more than one year | 17 | €483,094 | €448,495 | -€34,599 | -7.2% |
| Financial debts | 170/4 | €483,094 | €448,495 | -€34,599 | -7.2% |
| Amounts payable within one year | 42/48 | €236,278 | €257,527 | +€21,249 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €70,667 | €82,520 | +€11,853 | +16.8% |
| Financial debts | 43 | €39,087 | €2,465 | -€36,622 | -93.7% |
| Credit institutions | 430/8 | €39,087 | €2,465 | -€36,622 | -93.7% |
| Trade debts | 44 | €94,032 | €59,868 | -€34,164 | -36.3% |
| Suppliers | 440/4 | €94,032 | €59,868 | -€34,164 | -36.3% |
| Advances received on contracts in progress | 46 | - | €8,295 | +€8,295 | |
| Taxes, remuneration and social security | 45 | €12,948 | €17,106 | +€4,157 | +32.1% |
| Taxes | 450/3 | €2,882 | €483 | -€2,399 | -83.2% |
| Remuneration and social security | 454/9 | €10,066 | €16,622 | +€6,556 | +65.1% |
| Other amounts payable | 47/48 | €19,544 | €87,274 | +€67,730 | +347% |
| Accrued charges and deferred income | 492/3 | €1,015 | €24,907 | +€23,892 | +2,354% |
| Remuneration, social security and pensions | 62 | €105,410 | €113,483 | +€8,072 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,004 | €68,195 | -€809 | -1.2% |
| Other operating charges | 640/8 | €3,979 | €7,873 | +€3,894 | +97.9% |
| Non-recurring operating charges | 66A | €317 | €856 | +€539 | +170% |
| Gross operating margin | 9900 | €82,191 | €119,092 | +€36,901 | +44.9% |
| Operating profit (loss) | 9901 | -€96,520 | -€71,314 | +€25,205 | +26.1% |
| Financial income | 75/76B | €955 | €1,687 | +€732 | +76.6% |
| Recurring financial income | 75 | €955 | €1,687 | +€732 | +76.6% |
| Financial charges | 65/66B | €22,042 | €30,662 | +€8,620 | +39.1% |
| Recurring financial charges | 65 | €22,042 | €30,662 | +€8,620 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | -€117,607 | -€100,290 | +€17,317 | +14.7% |
| Income taxes | 67/77 | €395 | €453 | +€58 | +14.7% |
| Profit (loss) for the period | 9904 | -€118,002 | -€100,743 | +€17,259 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,002 | -€100,743 | +€17,259 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.