Fare: 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.
Fare
Largest movements
- Receivables within one year -€276,562
down €276,562 (-53.8%), from €513,827 to €237,265
of which Other amounts receivable: -€288,870
- Cash -€82,263
down €82,263 (-61.2%), from €134,407 to €52,143
mainly Contributions, distributions and other (-€950,000)
- Tangible fixed assets -€70,054
down €70,054 (-18.5%), from €379,337 to €309,283
of which Furniture and vehicles: -€40,930
- Profit (loss) carried forward -€776,672
down €776,672 (-95.6%), from €812,640 to €35,968
- Other debts +€328,916
up €328,916 (+6111.9%), from €5,382 to €334,297
- Trade debts +€18,112
up €18,112 (+226.7%), from €7,989 to €26,101
- Staff costs +€26,245
up €26,245 (+14.3%), from €183,821 to €210,066
- Depreciation +€18,516
up €18,516 (+35.9%), from €51,537 to €70,054
- Taxes -€12,997
down €12,997 (-16.6%), from €78,320 to €65,323
- Gross operating margin -€10,089
down €10,089 (-1.9%), from €530,425 to €520,336
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 | €1,027,933 | €599,263 | -€428,671 | -41.7% |
| Fixed assets | 21/28 | €379,700 | €309,646 | -€70,054 | -18.4% |
| Tangible fixed assets | 22/27 | €379,337 | €309,283 | -€70,054 | -18.5% |
| Plant, machinery and equipment | 23 | €209,017 | €179,893 | -€29,124 | -13.9% |
| Furniture and vehicles | 24 | €170,320 | €129,390 | -€40,930 | -24.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €648,234 | €289,617 | -€358,617 | -55.3% |
| Amounts receivable within one year | 40/41 | €513,827 | €237,265 | -€276,562 | -53.8% |
| Trade receivables | 40 | €93,721 | €106,029 | +€12,308 | +13.1% |
| Other amounts receivable | 41 | €420,106 | €131,236 | -€288,870 | -68.8% |
| Cash at bank and in hand | 54/58 | €134,407 | €52,143 | -€82,263 | -61.2% |
| Deferred charges and accrued income | 490/1 | - | €208 | +€208 | |
| Total equity and liabilities | 10/49 | €1,027,933 | €599,263 | -€428,671 | -41.7% |
| Equity | 10/15 | €912,640 | €135,968 | -€776,672 | -85.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €812,640 | €35,968 | -€776,672 | -95.6% |
| Amounts payable | 17/49 | €115,293 | €463,294 | +€348,001 | +301.8% |
| Amounts payable within one year | 42/48 | €115,293 | €463,294 | +€348,001 | +301.8% |
| Trade debts | 44 | €7,989 | €26,101 | +€18,112 | +226.7% |
| Suppliers | 440/4 | €7,989 | €26,101 | +€18,112 | +226.7% |
| Taxes, remuneration and social security | 45 | €101,922 | €102,896 | +€973 | +1.0% |
| Taxes | 450/3 | €79,918 | €74,787 | -€5,131 | -6.4% |
| Remuneration and social security | 454/9 | €22,004 | €28,109 | +€6,105 | +27.7% |
| Other amounts payable | 47/48 | €5,382 | €334,297 | +€328,916 | +6111.9% |
| Remuneration, social security and pensions | 62 | €183,821 | €210,066 | +€26,245 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,537 | €70,054 | +€18,516 | +35.9% |
| Other operating charges | 640/8 | €1,971 | €1,544 | -€427 | -21.6% |
| Gross operating margin | 9900 | €530,425 | €520,336 | -€10,089 | -1.9% |
| Operating profit (loss) | 9901 | €293,096 | €238,672 | -€54,424 | -18.6% |
| Financial income | 75/76B | €0 | €36 | +€36 | +8797.6% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +8797.6% |
| Financial charges | 65/66B | €35 | €57 | +€23 | +64.6% |
| Recurring financial charges | 65 | €35 | €57 | +€23 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €293,061 | €238,651 | -€54,410 | -18.6% |
| Income taxes | 67/77 | €78,320 | €65,323 | -€12,997 | -16.6% |
| Profit (loss) for the period | 9904 | €214,742 | €173,328 | -€41,414 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €214,742 | €173,328 | -€41,414 | -19.3% |
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 2 October 2026 via checked.be.