Focus'Inside: 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'Inside
Largest movements
- Tangible fixed assets -€36,240
down €36,240 (-5.5%), from €653,586 to €617,347
of which Land and buildings: -€32,320
- Receivables within one year +€25,398
up €25,398 (+120.9%), from €21,012 to €46,409
of which Other amounts receivable: +€19,500
- Reserves +€43,500
up €43,500 (+22.3%), from €195,000 to €238,500
- Debts after one year -€34,539
down €34,539 (-9.4%), from €369,178 to €334,638
- Tax, wage and social debts -€11,888
down €11,888 (-28.1%), from €42,331 to €30,443
- Gross operating margin +€58,846
up €58,846 (+92.0%), from €63,967 to €122,813
- Taxes +€15,140
up €15,140 (+133.3%), from €11,361 to €26,501
- Financial income +€6,490
up €6,490 (+528.1%), from €1,229 to €7,718
- Financial charges +€3,750
up €3,750 (+39.1%), from €9,589 to €13,339
- Depreciation -€3,584
down €3,584 (-8.6%), from €41,873 to €38,288
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 | €869,341 | €868,071 | -€1,270 | -0.1% |
| Fixed assets | 21/28 | €653,586 | €617,347 | -€36,240 | -5.5% |
| Tangible fixed assets | 22/27 | €653,586 | €617,347 | -€36,240 | -5.5% |
| Land and buildings | 22 | €627,653 | €595,333 | -€32,320 | -5.1% |
| Furniture and vehicles | 24 | €25,933 | €22,014 | -€3,919 | -15.1% |
| Current assets | 29/58 | €215,754 | €250,724 | +€34,970 | +16.2% |
| Amounts receivable after more than one year | 29 | €167,420 | €174,356 | +€6,936 | +4.1% |
| Other amounts receivable | 291 | €167,420 | €174,356 | +€6,936 | +4.1% |
| Amounts receivable within one year | 40/41 | €21,012 | €46,409 | +€25,398 | +120.9% |
| Trade receivables | 40 | €18,255 | €24,153 | +€5,898 | +32.3% |
| Other amounts receivable | 41 | €2,756 | €22,256 | +€19,500 | +707.5% |
| Cash at bank and in hand | 54/58 | €22,584 | €24,297 | +€1,713 | +7.6% |
| Deferred charges and accrued income | 490/1 | €4,738 | €5,662 | +€924 | +19.5% |
| Total equity and liabilities | 10/49 | €869,341 | €868,071 | -€1,270 | -0.1% |
| Equity | 10/15 | €358,572 | €402,106 | +€43,534 | +12.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €195,000 | €238,500 | +€43,500 | +22.3% |
| Distributable reserves | 133 | €195,000 | €238,500 | +€43,500 | +22.3% |
| Profit (loss) carried forward | 14 | €101,072 | €101,106 | +€34 | 0.0% |
| Amounts payable | 17/49 | €510,769 | €465,965 | -€44,804 | -8.8% |
| Amounts payable after more than one year | 17 | €369,178 | €334,638 | -€34,539 | -9.4% |
| Financial debts | 170/4 | €369,178 | €334,638 | -€34,539 | -9.4% |
| Amounts payable within one year | 42/48 | €141,591 | €131,326 | -€10,265 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €86,280 | €84,539 | -€1,740 | -2.0% |
| Trade debts | 44 | €6,914 | €6,455 | -€459 | -6.6% |
| Suppliers | 440/4 | €6,914 | €6,455 | -€459 | -6.6% |
| Advances received on contracts in progress | 46 | €5,067 | €8,389 | +€3,322 | +65.6% |
| Taxes, remuneration and social security | 45 | €42,331 | €30,443 | -€11,888 | -28.1% |
| Taxes | 450/3 | €42,331 | €30,443 | -€11,888 | -28.1% |
| Other amounts payable | 47/48 | €1,000 | €1,500 | +€500 | +50.0% |
| Non-recurring operating income | 76A | €1,063 | - | -€1,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,873 | €38,288 | -€3,584 | -8.6% |
| Other operating charges | 640/8 | €5,559 | €8,869 | +€3,311 | +59.6% |
| Gross operating margin | 9900 | €63,967 | €122,813 | +€58,846 | +92.0% |
| Operating profit (loss) | 9901 | €16,536 | €75,656 | +€59,120 | +357.5% |
| Financial income | 75/76B | €1,229 | €7,718 | +€6,490 | +528.1% |
| Recurring financial income | 75 | €1,229 | €7,718 | +€6,490 | +528.1% |
| Financial charges | 65/66B | €9,589 | €13,339 | +€3,750 | +39.1% |
| Recurring financial charges | 65 | €9,589 | €13,339 | +€3,750 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €8,176 | €70,035 | +€61,860 | +756.6% |
| Income taxes | 67/77 | €11,361 | €26,501 | +€15,140 | +133.3% |
| Profit (loss) for the period | 9904 | -€3,186 | €43,534 | +€46,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,186 | €43,534 | +€46,720 |
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 5 October 2026 via checked.be.