FAKTA: 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.
FAKTA
Largest movements
- Tangible fixed assets -€41,895
down €41,895 (-8.1%), from €518,349 to €476,454
of which Land and buildings: -€29,332
- Receivables within one year +€19,343
up €19,343 (+114118.3%), from €17 to €19,360
of which Trade receivables: +€19,360
- Debts after one year -€57,681
down €57,681 (-14.4%), from €400,253 to €342,573
- Reserves +€22,474
up €22,474 (+19.1%), from €117,434 to €139,909
- Other debts +€15,110
up €15,110 (+11.2%), from €135,322 to €150,432
- Gross operating margin +€9,212
up €9,212 (+12.9%), from €71,349 to €80,561
- Depreciation +€4,668
up €4,668 (+12.5%), from €37,227 to €41,895
- Taxes +€1,923
up €1,923 (+93.6%), from €2,054 to €3,977
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 | €612,229 | €590,784 | -€21,445 | -3.5% |
| Fixed assets | 21/28 | €608,439 | €566,544 | -€41,895 | -6.9% |
| Tangible fixed assets | 22/27 | €518,349 | €476,454 | -€41,895 | -8.1% |
| Land and buildings | 22 | €466,340 | €437,008 | -€29,332 | -6.3% |
| Furniture and vehicles | 24 | €52,009 | €39,446 | -€12,563 | -24.2% |
| Financial fixed assets | 28 | €90,090 | €90,090 | = | 0.0% |
| Current assets | 29/58 | €3,790 | €24,240 | +€20,450 | +539.6% |
| Amounts receivable within one year | 40/41 | €17 | €19,360 | +€19,343 | +114118.3% |
| Trade receivables | 40 | - | €19,360 | +€19,360 | |
| Other amounts receivable | 41 | €17 | - | -€17 | |
| Cash at bank and in hand | 54/58 | €1,789 | €2,665 | +€875 | +48.9% |
| Deferred charges and accrued income | 490/1 | €1,984 | €2,215 | +€232 | +11.7% |
| Total equity and liabilities | 10/49 | €612,229 | €590,784 | -€21,445 | -3.5% |
| Equity | 10/15 | €1,889 | €24,363 | +€22,474 | +1189.9% |
| Contributions | 10/11 | €235,473 | €235,473 | = | 0.0% |
| Capital | 10 | €235,473 | €235,473 | = | 0.0% |
| Issued capital | 100 | €235,473 | €235,473 | = | 0.0% |
| Reserves | 13 | €117,434 | €139,909 | +€22,474 | +19.1% |
| Distributable reserves | 133 | €117,434 | €139,909 | +€22,474 | +19.1% |
| Profit (loss) carried forward | 14 | -€351,019 | -€351,019 | = | 0.0% |
| Amounts payable | 17/49 | €610,341 | €566,421 | -€43,920 | -7.2% |
| Amounts payable after more than one year | 17 | €400,253 | €342,573 | -€57,681 | -14.4% |
| Financial debts | 170/4 | €400,253 | €342,573 | -€57,681 | -14.4% |
| Amounts payable within one year | 42/48 | €206,337 | €223,848 | +€17,511 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €56,812 | €57,681 | +€868 | +1.5% |
| Trade debts | 44 | €4,814 | €1,904 | -€2,910 | -60.5% |
| Suppliers | 440/4 | €4,814 | €1,904 | -€2,910 | -60.5% |
| Taxes, remuneration and social security | 45 | €9,389 | €13,832 | +€4,443 | +47.3% |
| Taxes | 450/3 | €6,914 | €11,357 | +€4,443 | +64.3% |
| Remuneration and social security | 454/9 | €2,475 | €2,475 | = | 0.0% |
| Other amounts payable | 47/48 | €135,322 | €150,432 | +€15,110 | +11.2% |
| Accrued charges and deferred income | 492/3 | €3,750 | - | -€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,227 | €41,895 | +€4,668 | +12.5% |
| Other operating charges | 640/8 | €5,775 | €6,371 | +€596 | +10.3% |
| Gross operating margin | 9900 | €71,349 | €80,561 | +€9,212 | +12.9% |
| Operating profit (loss) | 9901 | €28,347 | €32,294 | +€3,947 | +13.9% |
| Financial charges | 65/66B | €6,134 | €5,843 | -€291 | -4.7% |
| Recurring financial charges | 65 | €6,134 | €5,843 | -€291 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €22,213 | €26,452 | +€4,238 | +19.1% |
| Income taxes | 67/77 | €2,054 | €3,977 | +€1,923 | +93.6% |
| Profit (loss) for the period | 9904 | €20,159 | €22,474 | +€2,316 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,159 | €22,474 | +€2,316 | +11.5% |
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 9 October 2026 via checked.be.