FOCUS: 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.
FOCUS
Largest movements
- Current investments -€66,202
down €66,202 (-100.0%), from €66,202 to €0
- Cash -€11,337
down €11,337 (-18.0%), from €62,981 to €51,644
mainly Contributions, distributions and other (-€108,374) and Debts after one year (-€3,671)
- Tangible fixed assets -€7,855
down €7,855 (-28.1%), from €27,924 to €20,069
of which Furniture and vehicles: -€7,402
- Receivables within one year -€6,405
down €6,405 (-63.9%), from €10,023 to €3,618
of which Other amounts receivable: -€6,802
- Contributions -€108,374
down €108,374 (-85.2%), from €127,271 to €18,897
- Reserves +€9,649
up €9,649 (+25.5%), from €37,773 to €47,422
of which Distributable reserves: +€9,649
- Profit (loss) carried forward +€7,789
up €7,789, from -€7,789 to €0
- Debts after one year -€3,671
down €3,671 (-32.7%), from €11,219 to €7,548
- Tax, wage and social debts +€1,830
new in 2025: €1,830
- Gross operating margin +€33,173
up €33,173, from -€6,648 to €26,525
- Depreciation +€5,534
up €5,534 (+123.3%), from €4,488 to €10,021
- Financial income +€1,882
up €1,882 (+122.1%), from €1,541 to €3,423
of which Financial income: +€1,262
- Other operating charges -€935
down €935 (-58.3%), from €1,605 to €670
- Taxes +€821
up €821 (+482.3%), from €170 to €992
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 | €175,743 | €83,086 | -€92,657 | -52.7% |
| Fixed assets | 21/28 | €27,955 | €20,100 | -€7,855 | -28.1% |
| Tangible fixed assets | 22/27 | €27,924 | €20,069 | -€7,855 | -28.1% |
| Furniture and vehicles | 24 | €26,714 | €19,312 | -€7,402 | -27.7% |
| Other tangible fixed assets | 26 | €1,210 | €757 | -€453 | -37.4% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €147,788 | €62,986 | -€84,802 | -57.4% |
| Stocks and contracts in progress | 3 | €7,391 | €6,892 | -€499 | -6.7% |
| Stocks | 30/36 | €7,391 | €6,892 | -€499 | -6.7% |
| Amounts receivable within one year | 40/41 | €10,023 | €3,618 | -€6,405 | -63.9% |
| Trade receivables | 40 | €1,953 | €2,350 | +€397 | +20.3% |
| Other amounts receivable | 41 | €8,069 | €1,268 | -€6,802 | -84.3% |
| Current investments | 50/53 | €66,202 | €0 | -€66,202 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,981 | €51,644 | -€11,337 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,191 | €833 | -€359 | -30.1% |
| Total equity and liabilities | 10/49 | €175,743 | €83,086 | -€92,657 | -52.7% |
| Equity | 10/15 | €157,255 | €66,319 | -€90,936 | -57.8% |
| Contributions | 10/11 | €127,271 | €18,897 | -€108,374 | -85.2% |
| Reserves | 13 | €37,773 | €47,422 | +€9,649 | +25.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €32,773 | €42,422 | +€9,649 | +29.4% |
| Profit (loss) carried forward | 14 | -€7,789 | €0 | +€7,789 | |
| Amounts payable | 17/49 | €18,488 | €16,767 | -€1,720 | -9.3% |
| Amounts payable after more than one year | 17 | €11,219 | €7,548 | -€3,671 | -32.7% |
| Financial debts | 170/4 | €11,219 | €7,548 | -€3,671 | -32.7% |
| Amounts payable within one year | 42/48 | €7,269 | €9,219 | +€1,950 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €3,499 | €3,671 | +€172 | +4.9% |
| Trade debts | 44 | €3,770 | €3,719 | -€51 | -1.4% |
| Suppliers | 440/4 | €3,770 | €3,719 | -€51 | -1.4% |
| Taxes, remuneration and social security | 45 | - | €1,830 | +€1,830 | |
| Taxes | 450/3 | - | €1,830 | +€1,830 | |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Remuneration, social security and pensions | 62 | €315 | €0 | -€315 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,488 | €10,021 | +€5,534 | +123.3% |
| Other operating charges | 640/8 | €1,605 | €670 | -€935 | -58.3% |
| Gross operating margin | 9900 | -€6,648 | €26,525 | +€33,173 | |
| Operating profit (loss) | 9901 | -€13,055 | €15,834 | +€28,889 | |
| Financial income | 75/76B | €1,541 | €3,423 | +€1,882 | +122.1% |
| Recurring financial income | 75 | €1,541 | €2,803 | +€1,262 | +81.9% |
| Non-recurring financial income | 76B | - | €620 | +€620 | |
| Financial charges | 65/66B | €276 | €827 | +€551 | +199.5% |
| Recurring financial charges | 65 | €276 | €827 | +€551 | +199.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,790 | €18,429 | +€30,220 | |
| Income taxes | 67/77 | €170 | €992 | +€821 | +482.3% |
| Profit (loss) for the period | 9904 | -€11,960 | €17,438 | +€29,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,960 | €17,438 | +€29,398 |
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 4 October 2026 via checked.be.