FOREIGN OFFICE: 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.
FOREIGN OFFICE
Largest movements
- Tangible fixed assets -€64,223
down €64,223 (-5.0%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€36,573
- Cash -€19,663
down €19,663 (-35.2%), from €55,851 to €36,189
mainly Debts after one year (-€76,950) and Net result for the year (-€11,405)
- Debts after one year -€76,950
down €76,950 (-14.2%), from €543,656 to €466,706
of which Financial debts: -€87,649
- Reserves -€14,622
down €14,622 (-5.9%), from €248,318 to €233,695
of which Tax-exempt reserves: -€14,622
- Financial charges +€4,616
up €4,616 (+25.9%), from €17,842 to €22,457
- Taxes -€1,762
down €1,762 (-51.3%), from €3,435 to €1,673
- Gross operating margin -€1,429
down €1,429 (-1.5%), from €94,202 to €92,773
- Depreciation +€1,057
up €1,057 (+1.6%), from €65,400 to €66,457
- Other operating charges -€947
down €947 (-4.8%), from €19,701 to €18,754
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 | €1,339,034 | €1,254,968 | -€84,066 | -6.3% |
| Fixed assets | 21/28 | €1,278,290 | €1,214,067 | -€64,223 | -5.0% |
| Tangible fixed assets | 22/27 | €1,278,290 | €1,214,067 | -€64,223 | -5.0% |
| Land and buildings | 22 | €632,540 | €604,600 | -€27,939 | -4.4% |
| Plant, machinery and equipment | 23 | €645,148 | €608,575 | -€36,573 | -5.7% |
| Furniture and vehicles | 24 | €603 | €892 | +€289 | +47.9% |
| Current assets | 29/58 | €60,744 | €40,901 | -€19,843 | -32.7% |
| Amounts receivable within one year | 40/41 | €190 | €33 | -€157 | -82.9% |
| Other amounts receivable | 41 | €190 | €33 | -€157 | -82.9% |
| Cash at bank and in hand | 54/58 | €55,851 | €36,189 | -€19,663 | -35.2% |
| Deferred charges and accrued income | 490/1 | €4,703 | €4,680 | -€23 | -0.5% |
| Total equity and liabilities | 10/49 | €1,339,034 | €1,254,968 | -€84,066 | -6.3% |
| Equity | 10/15 | €557,873 | €542,415 | -€15,458 | -2.8% |
| Contributions | 10/11 | €142,561 | €142,561 | = | 0.0% |
| Capital | 10 | €142,561 | €142,561 | = | 0.0% |
| Issued capital | 100 | €142,561 | €142,561 | = | 0.0% |
| Reserves | 13 | €248,318 | €233,695 | -€14,622 | -5.9% |
| Non-distributable reserves | 130/1 | €14,256 | €14,256 | = | 0.0% |
| Legal reserve | 130 | €14,256 | €14,256 | = | 0.0% |
| Tax-exempt reserves | 132 | €234,062 | €219,439 | -€14,622 | -6.2% |
| Profit (loss) carried forward | 14 | €91,831 | €95,049 | +€3,218 | +3.5% |
| Investment grants | 15 | €75,164 | €71,110 | -€4,054 | -5.4% |
| Provisions and deferred taxes | 16 | €103,075 | €96,850 | -€6,225 | -6.0% |
| Deferred taxes | 168 | €103,075 | €96,850 | -€6,225 | -6.0% |
| Amounts payable | 17/49 | €678,086 | €615,703 | -€62,382 | -9.2% |
| Amounts payable after more than one year | 17 | €543,656 | €466,706 | -€76,950 | -14.2% |
| Financial debts | 170/4 | €256,213 | €168,563 | -€87,649 | -34.2% |
| Other amounts payable | 178/9 | €287,443 | €298,142 | +€10,699 | +3.7% |
| Amounts payable within one year | 42/48 | €130,060 | €144,149 | +€14,089 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €92,239 | €94,843 | +€2,604 | +2.8% |
| Trade debts | 44 | €16,644 | €29,894 | +€13,250 | +79.6% |
| Suppliers | 440/4 | €16,644 | €29,894 | +€13,250 | +79.6% |
| Taxes, remuneration and social security | 45 | €4,287 | €2,479 | -€1,808 | -42.2% |
| Taxes | 450/3 | €3,497 | €1,783 | -€1,714 | -49.0% |
| Remuneration and social security | 454/9 | €790 | €696 | -€94 | -11.9% |
| Other amounts payable | 47/48 | €16,890 | €16,932 | +€43 | +0.3% |
| Accrued charges and deferred income | 492/3 | €4,370 | €4,849 | +€479 | +11.0% |
| Remuneration, social security and pensions | 62 | €5,293 | €5,114 | -€179 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,400 | €66,457 | +€1,057 | +1.6% |
| Other operating charges | 640/8 | €19,701 | €18,754 | -€947 | -4.8% |
| Gross operating margin | 9900 | €94,202 | €92,773 | -€1,429 | -1.5% |
| Operating profit (loss) | 9901 | €3,807 | €2,447 | -€1,360 | -35.7% |
| Financial income | 75/76B | €4,231 | €4,054 | -€177 | -4.2% |
| Recurring financial income | 75 | €4,231 | €4,054 | -€177 | -4.2% |
| Financial charges | 65/66B | €17,842 | €22,457 | +€4,616 | +25.9% |
| Recurring financial charges | 65 | €17,842 | €22,457 | +€4,616 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,804 | -€15,957 | -€6,153 | -62.8% |
| Transfer from deferred taxes | 780 | €6,225 | €6,225 | = | 0.0% |
| Income taxes | 67/77 | €3,435 | €1,673 | -€1,762 | -51.3% |
| Profit (loss) for the period | 9904 | -€7,013 | -€11,405 | -€4,391 | -62.6% |
| Transfer from tax-exempt reserves | 789 | €14,622 | €14,622 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,609 | €3,218 | -€4,391 | -57.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.