Fin-2K: 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.
Fin-2K
Largest movements
- Cash +€64,409
up €64,409 (+16.3%), from €394,978 to €459,387
mainly Net result for the year (+€220,439) and Tax, wage and social debts (+€6,779)
- Financial fixed assets +€52,500
new in 2025: €52,500
- Receivables within one year +€44,578
up €44,578 (+151%), from €29,528 to €74,105
of which Trade receivables: +€44,573
- Reserves +€220,439
up €220,439 (+118%), from €186,643 to €407,082
of which Distributable reserves: +€115,189
- Other debts -€55,888
down €55,888 (-22.3%), from €250,208 to €194,320
- Tax, wage and social debts +€6,779
up €6,779 (+26.3%), from €25,799 to €32,578
- Gross operating margin +€71,132
up €71,132 (+30.0%), from €236,780 to €307,913
- Taxes +€18,260
up €18,260 (+32.1%), from €56,888 to €75,149
- Financial charges +€4,561
up €4,561 (+88.2%), from €5,171 to €9,732
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 | €490,353 | €657,172 | +€166,819 | +34.0% |
| Fixed assets | 21/28 | €3,119 | €55,788 | +€52,669 | +1,689% |
| Tangible fixed assets | 22/27 | €3,119 | €3,288 | +€169 | +5.4% |
| Plant, machinery and equipment | 23 | - | €985 | +€985 | |
| Furniture and vehicles | 24 | €3,119 | €2,304 | -€816 | -26.1% |
| Financial fixed assets | 28 | - | €52,500 | +€52,500 | |
| Current assets | 29/58 | €487,233 | €601,384 | +€114,150 | +23.4% |
| Amounts receivable within one year | 40/41 | €29,528 | €74,105 | +€44,578 | +151% |
| Trade receivables | 40 | €29,528 | €74,101 | +€44,573 | +151% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Current investments | 50/53 | €59,770 | €65,152 | +€5,382 | +9.0% |
| Cash at bank and in hand | 54/58 | €394,978 | €459,387 | +€64,409 | +16.3% |
| Deferred charges and accrued income | 490/1 | €2,958 | €2,740 | -€218 | -7.4% |
| Total equity and liabilities | 10/49 | €490,353 | €657,172 | +€166,819 | +34.0% |
| Equity | 10/15 | €205,243 | €425,682 | +€220,439 | +107% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,643 | €407,082 | +€220,439 | +118% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €186,643 | €301,832 | +€115,189 | +61.7% |
| Amounts payable | 17/49 | €285,110 | €231,490 | -€53,620 | -18.8% |
| Amounts payable within one year | 42/48 | €277,351 | €228,524 | -€48,827 | -17.6% |
| Trade debts | 44 | €1,343 | €1,626 | +€282 | +21.0% |
| Suppliers | 440/4 | €1,343 | €1,626 | +€282 | +21.0% |
| Taxes, remuneration and social security | 45 | €25,799 | €32,578 | +€6,779 | +26.3% |
| Taxes | 450/3 | €25,799 | €32,578 | +€6,779 | +26.3% |
| Other amounts payable | 47/48 | €250,208 | €194,320 | -€55,888 | -22.3% |
| Accrued charges and deferred income | 492/3 | €7,759 | €2,966 | -€4,793 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €1,074 | +€259 | +31.8% |
| Other operating charges | 640/8 | €2,631 | €1,522 | -€1,110 | -42.2% |
| Gross operating margin | 9900 | €236,780 | €307,913 | +€71,132 | +30.0% |
| Operating profit (loss) | 9901 | €233,334 | €305,317 | +€71,983 | +30.8% |
| Financial income | 75/76B | €11 | €3 | -€8 | -70.0% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -70.0% |
| Financial charges | 65/66B | €5,171 | €9,732 | +€4,561 | +88.2% |
| Recurring financial charges | 65 | €5,171 | €9,732 | +€4,561 | +88.2% |
| Profit (loss) for the period before taxes | 9903 | €228,174 | €295,588 | +€67,414 | +29.5% |
| Income taxes | 67/77 | €56,888 | €75,149 | +€18,260 | +32.1% |
| Profit (loss) for the period | 9904 | €171,286 | €220,439 | +€49,153 | +28.7% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €171,286 | €115,189 | -€56,097 | -32.8% |
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 24 October 2026 via checked.be.