FUNDING FORCE: 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.
FUNDING FORCE
Largest movements
- Tangible fixed assets +€131,433
up €131,433 (+219%), from €60,067 to €191,500
of which Land and buildings: +€110,871
- Receivables within one year +€5,982
up €5,982 (+55.3%), from €10,816 to €16,798
of which Trade receivables: +€3,531
- Stocks and contracts -€5,741
down €5,741 (-100%), from €5,741 to €0
- Cash -€3,949
down €3,949 (-16.6%), from €23,763 to €19,813
mainly Investment in fixed assets (net) (-€151,526) and Receivables within one year (-€5,982)
- Deferred charges and accrued income +€3,458
up €3,458 (+124%), from €2,792 to €6,251
- Debts after one year +€97,556
up €97,556 (+210%), from €46,556 to €144,112
- Current portion of long-term debt +€17,222
up €17,222 (+169%), from €10,168 to €27,391
- Profit (loss) carried forward +€8,841
up €8,841 (+1,793%), from €493 to €9,334
- Tax, wage and social debts +€3,783
up €3,783 (+42.1%), from €8,981 to €12,764
of which Taxes: +€3,776
- Trade debts +€2,982
up €2,982 (+89.8%), from €3,319 to €6,301
- Gross operating margin +€34,395
up €34,395 (+197%), from €17,450 to €51,844
- Depreciation +€18,488
up €18,488 (+1,152%), from €1,605 to €20,093
- Taxes +€4,679
up €4,679 (+380%), from €1,232 to €5,912
- Staff costs +€4,586
up €4,586 (+293%), from €1,567 to €6,153
- Financial charges +€3,463
up €3,463 (+154%), from €2,247 to €5,710
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 | €103,179 | €234,362 | +€131,183 | +127% |
| Fixed assets | 21/28 | €60,067 | €191,500 | +€131,433 | +219% |
| Tangible fixed assets | 22/27 | €60,067 | €191,500 | +€131,433 | +219% |
| Land and buildings | 22 | - | €110,871 | +€110,871 | |
| Furniture and vehicles | 24 | €3,492 | €35,565 | +€32,073 | +919% |
| Leasing and similar rights | 25 | €56,575 | €45,065 | -€11,511 | -20.3% |
| Current assets | 29/58 | €43,112 | €42,862 | -€250 | -0.6% |
| Stocks and contracts in progress | 3 | €5,741 | €0 | -€5,741 | -100% |
| Contracts in progress | 37 | €5,741 | €0 | -€5,741 | -100% |
| Amounts receivable within one year | 40/41 | €10,816 | €16,798 | +€5,982 | +55.3% |
| Trade receivables | 40 | €10,600 | €14,131 | +€3,531 | +33.3% |
| Other amounts receivable | 41 | €216 | €2,667 | +€2,451 | +1,135% |
| Cash at bank and in hand | 54/58 | €23,763 | €19,813 | -€3,949 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,792 | €6,251 | +€3,458 | +124% |
| Total equity and liabilities | 10/49 | €103,179 | €234,362 | +€131,183 | +127% |
| Equity | 10/15 | €25,493 | €34,334 | +€8,841 | +34.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €493 | €9,334 | +€8,841 | +1,793% |
| Amounts payable | 17/49 | €77,686 | €200,027 | +€122,341 | +157% |
| Amounts payable after more than one year | 17 | €46,556 | €144,112 | +€97,556 | +210% |
| Financial debts | 170/4 | €46,556 | €144,112 | +€97,556 | +210% |
| Amounts payable within one year | 42/48 | €31,129 | €55,880 | +€24,751 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €10,168 | €27,391 | +€17,222 | +169% |
| Financial debts | 43 | - | €918 | +€918 | |
| Credit institutions | 430/8 | - | €918 | +€918 | |
| Trade debts | 44 | €3,319 | €6,301 | +€2,982 | +89.8% |
| Suppliers | 440/4 | €3,319 | €6,301 | +€2,982 | +89.8% |
| Taxes, remuneration and social security | 45 | €8,981 | €12,764 | +€3,783 | +42.1% |
| Taxes | 450/3 | €7,523 | €11,299 | +€3,776 | +50.2% |
| Remuneration and social security | 454/9 | €1,458 | €1,465 | +€7 | +0.5% |
| Other amounts payable | 47/48 | €8,661 | €8,507 | -€154 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Remuneration, social security and pensions | 62 | €1,567 | €6,153 | +€4,586 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,605 | €20,093 | +€18,488 | +1,152% |
| Other operating charges | 640/8 | €3,607 | €4,303 | +€696 | +19.3% |
| Non-recurring operating charges | 66A | €6,714 | €0 | -€6,714 | -100% |
| Gross operating margin | 9900 | €17,450 | €51,844 | +€34,395 | +197% |
| Operating profit (loss) | 9901 | €3,956 | €21,295 | +€17,339 | +438% |
| Financial income | 75/76B | €16 | €1 | -€15 | -96.8% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -96.8% |
| Financial charges | 65/66B | €2,247 | €5,710 | +€3,463 | +154% |
| Recurring financial charges | 65 | €2,247 | €5,710 | +€3,463 | +154% |
| Profit (loss) for the period before taxes | 9903 | €1,725 | €15,586 | +€13,861 | +803% |
| Income taxes | 67/77 | €1,232 | €5,912 | +€4,679 | +380% |
| Profit (loss) for the period | 9904 | €493 | €9,674 | +€9,181 | +1,862% |
| Profit (loss) for the period to be appropriated | 9905 | €493 | €9,674 | +€9,181 | +1,862% |
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 14 October 2026 via checked.be.