FOCUS2B: 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.
FOCUS2B
Largest movements
- Current investments +€282,118
up €282,118 (+40.5%), from €696,765 to €978,883
- Receivables within one year +€20,443
up €20,443 (+72.1%), from €28,354 to €48,797
of which Other amounts receivable: +€20,443
- Tangible fixed assets -€17,443
down €17,443 (-9.8%), from €178,257 to €160,814
of which Land and buildings: -€19,405
- Reserves +€270,378
up €270,378 (+27.5%), from €981,526 to €1.3m
of which Distributable reserves: +€270,378
- Gross operating margin -€105,984
down €105,984 (-16.2%), from €654,333 to €548,349
- Taxes -€49,982
down €49,982 (-23.0%), from €216,996 to €167,014
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 | €1,062,935 | €1,343,560 | +€280,625 | +26.4% |
| Fixed assets | 21/28 | €178,257 | €160,814 | -€17,443 | -9.8% |
| Tangible fixed assets | 22/27 | €178,257 | €160,814 | -€17,443 | -9.8% |
| Land and buildings | 22 | €177,331 | €157,926 | -€19,405 | -10.9% |
| Plant, machinery and equipment | 23 | - | €1,001 | +€1,001 | |
| Furniture and vehicles | 24 | €925 | €1,887 | +€962 | +103.9% |
| Current assets | 29/58 | €884,679 | €1,182,747 | +€298,068 | +33.7% |
| Amounts receivable within one year | 40/41 | €28,354 | €48,797 | +€20,443 | +72.1% |
| Trade receivables | 40 | €27,500 | €27,500 | = | 0.0% |
| Other amounts receivable | 41 | €854 | €21,297 | +€20,443 | +2393.6% |
| Current investments | 50/53 | €696,765 | €978,883 | +€282,118 | +40.5% |
| Cash at bank and in hand | 54/58 | €158,978 | €147,218 | -€11,760 | -7.4% |
| Deferred charges and accrued income | 490/1 | €582 | €7,848 | +€7,266 | +1248.3% |
| Total equity and liabilities | 10/49 | €1,062,935 | €1,343,560 | +€280,625 | +26.4% |
| Equity | 10/15 | €1,001,074 | €1,270,503 | +€269,429 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €981,526 | €1,251,903 | +€270,378 | +27.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €981,526 | €1,251,903 | +€270,378 | +27.5% |
| Profit (loss) carried forward | 14 | €948 | €0 | -€948 | -100.0% |
| Amounts payable | 17/49 | €61,861 | €73,057 | +€11,196 | +18.1% |
| Amounts payable within one year | 42/48 | €61,861 | €73,057 | +€11,196 | +18.1% |
| Trade debts | 44 | €1,694 | €7,773 | +€6,080 | +359.0% |
| Suppliers | 440/4 | €1,694 | €7,773 | +€6,080 | +359.0% |
| Taxes, remuneration and social security | 45 | €55,650 | €55,886 | +€236 | +0.4% |
| Taxes | 450/3 | €52,300 | €55,886 | +€3,586 | +6.9% |
| Remuneration and social security | 454/9 | €3,350 | €0 | -€3,350 | -100.0% |
| Other amounts payable | 47/48 | €4,518 | €9,398 | +€4,880 | +108.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,080 | €20,350 | +€270 | +1.3% |
| Other operating charges | 640/8 | €7,495 | €8,431 | +€936 | +12.5% |
| Gross operating margin | 9900 | €654,333 | €548,349 | -€105,984 | -16.2% |
| Operating profit (loss) | 9901 | €626,758 | €519,568 | -€107,190 | -17.1% |
| Financial income | 75/76B | €4,587 | €8,234 | +€3,647 | +79.5% |
| Recurring financial income | 75 | €4,587 | €8,234 | +€3,647 | +79.5% |
| Financial charges | 65/66B | €3,402 | €3,859 | +€458 | +13.5% |
| Recurring financial charges | 65 | €3,402 | €3,859 | +€458 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €627,944 | €523,943 | -€104,001 | -16.6% |
| Income taxes | 67/77 | €216,996 | €167,014 | -€49,982 | -23.0% |
| Profit (loss) for the period | 9904 | €410,948 | €356,929 | -€54,019 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €410,948 | €356,929 | -€54,019 | -13.1% |
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 1 October 2026 via checked.be.