EXTERIOR: 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.
EXTERIOR
Largest movements
- Tangible fixed assets -€11,783
down €11,783 (-1.6%), from €727,719 to €715,936
of which Furniture and vehicles: -€11,810
- Reserves -€34,354
down €34,354 (-27.4%), from €125,176 to €90,821
of which Distributable reserves: -€32,188
- Current portion of long-term debt +€19,693
up €19,693 (+56.3%), from €34,987 to €54,680
- Other debts -€16,164
down €16,164 (-13.7%), from €117,997 to €101,834
- Debts after one year +€11,432
up €11,432 (+3.2%), from €357,221 to €368,652
- Trade debts +€8,827
up €8,827 (+40.0%), from €22,069 to €30,896
- Financial income -€48,131
down €48,131 (-87.3%), from €55,106 to €6,975
of which Non-recurring financial income: -€44,300
- Gross operating margin +€21,396
up €21,396 (+34.1%), from €62,703 to €84,100
- Taxes +€14,379
up €14,379 (+4,331%), from €332 to €14,711
- Other operating charges -€11,687
down €11,687 (-68.6%), from €17,041 to €5,354
- Financial charges +€7,795
up €7,795, from -€1,828 to €5,966
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 | €856,989 | €839,067 | -€17,923 | -2.1% |
| Fixed assets | 21/28 | €734,253 | €719,815 | -€14,438 | -2.0% |
| Intangible fixed assets | 21 | €6,534 | €3,880 | -€2,655 | -40.6% |
| Tangible fixed assets | 22/27 | €727,719 | €715,936 | -€11,783 | -1.6% |
| Land and buildings | 22 | €656,856 | €662,603 | +€5,747 | +0.9% |
| Plant, machinery and equipment | 23 | €20,650 | €22,444 | +€1,793 | +8.7% |
| Furniture and vehicles | 24 | €24,420 | €12,610 | -€11,810 | -48.4% |
| Leasing and similar rights | 25 | €25,793 | €18,279 | -€7,513 | -29.1% |
| Current assets | 29/58 | €122,736 | €119,252 | -€3,484 | -2.8% |
| Stocks and contracts in progress | 3 | €2,641 | €2,925 | +€283 | +10.7% |
| Stocks | 30/36 | €2,641 | €2,925 | +€283 | +10.7% |
| Amounts receivable within one year | 40/41 | €62,722 | €59,964 | -€2,758 | -4.4% |
| Trade receivables | 40 | €62,546 | €59,949 | -€2,598 | -4.2% |
| Other amounts receivable | 41 | €176 | €16 | -€160 | -91.1% |
| Cash at bank and in hand | 54/58 | €56,115 | €55,704 | -€412 | -0.7% |
| Deferred charges and accrued income | 490/1 | €1,257 | €659 | -€598 | -47.6% |
| Total equity and liabilities | 10/49 | €856,989 | €839,067 | -€17,923 | -2.1% |
| Equity | 10/15 | €289,176 | €254,821 | -€34,354 | -11.9% |
| Contributions | 10/11 | €164,000 | €164,000 | = | 0.0% |
| Reserves | 13 | €125,176 | €90,821 | -€34,354 | -27.4% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,297 | €22,131 | -€2,166 | -8.9% |
| Distributable reserves | 133 | €94,478 | €62,290 | -€32,188 | -34.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €9,283 | €8,354 | -€928 | -10.0% |
| Deferred taxes | 168 | €9,283 | €8,354 | -€928 | -10.0% |
| Amounts payable | 17/49 | €558,531 | €575,891 | +€17,360 | +3.1% |
| Amounts payable after more than one year | 17 | €357,221 | €368,652 | +€11,432 | +3.2% |
| Financial debts | 170/4 | €357,221 | €368,652 | +€11,432 | +3.2% |
| Amounts payable within one year | 42/48 | €201,311 | €207,239 | +€5,928 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €34,987 | €54,680 | +€19,693 | +56.3% |
| Trade debts | 44 | €22,069 | €30,896 | +€8,827 | +40.0% |
| Suppliers | 440/4 | €22,069 | €30,896 | +€8,827 | +40.0% |
| Advances received on contracts in progress | 46 | €8,758 | €8,373 | -€385 | -4.4% |
| Taxes, remuneration and social security | 45 | €17,500 | €11,456 | -€6,044 | -34.5% |
| Taxes | 450/3 | €17,500 | €11,456 | -€6,044 | -34.5% |
| Other amounts payable | 47/48 | €117,997 | €101,834 | -€16,164 | -13.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,692 | €100,325 | -€366 | -0.4% |
| Other operating charges | 640/8 | €17,041 | €5,354 | -€11,687 | -68.6% |
| Gross operating margin | 9900 | €62,703 | €84,100 | +€21,396 | +34.1% |
| Operating profit (loss) | 9901 | -€55,030 | -€21,580 | +€33,450 | +60.8% |
| Financial income | 75/76B | €55,106 | €6,975 | -€48,131 | -87.3% |
| Recurring financial income | 75 | €4,026 | €195 | -€3,832 | -95.2% |
| Non-recurring financial income | 76B | €51,079 | €6,780 | -€44,300 | -86.7% |
| Financial charges | 65/66B | -€1,828 | €5,966 | +€7,795 | |
| Recurring financial charges | 65 | -€1,828 | €5,966 | +€7,795 | |
| Profit (loss) for the period before taxes | 9903 | €1,905 | -€20,572 | -€22,476 | |
| Transfer from deferred taxes | 780 | €928 | €928 | = | 0.0% |
| Income taxes | 67/77 | €332 | €14,711 | +€14,379 | +4,331% |
| Profit (loss) for the period | 9904 | €2,501 | -€34,354 | -€36,855 | |
| Transfer from tax-exempt reserves | 789 | €2,166 | €2,166 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,667 | -€32,188 | -€36,855 |
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 18 October 2026 via checked.be.