GLOBAL ASSET: 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.
GLOBAL ASSET
Largest movements
- Tangible fixed assets -€27,329
down €27,329 (-3.9%), from €704,084 to €676,755
- Cash -€19,230
down €19,230 (-7.6%), from €253,345 to €234,115
mainly Other debts (-€103,413) and Debts after one year (-€75,207)
- Reserves +€108,221
up €108,221 (+64.9%), from €166,774 to €274,996
- Other debts -€103,413
down €103,413 (-53.1%), from €194,731 to €91,318
- Debts after one year -€75,207
down €75,207 (-13.8%), from €544,219 to €469,012
- Gross operating margin -€124,968
down €124,968 (-37.5%), from €333,516 to €208,548
- Taxes -€29,027
down €29,027 (-36.5%), from €79,560 to €50,533
- Depreciation -€19,895
down €19,895 (-42.1%), from €47,224 to €27,329
- Other operating charges +€4,276
up €4,276 (+94.8%), from €4,512 to €8,788
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 | €978,505 | €924,332 | -€54,173 | -5.5% |
| Fixed assets | 21/28 | €704,270 | €676,941 | -€27,329 | -3.9% |
| Tangible fixed assets | 22/27 | €704,084 | €676,755 | -€27,329 | -3.9% |
| Land and buildings | 22 | €704,084 | €676,755 | -€27,329 | -3.9% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €274,235 | €247,391 | -€26,844 | -9.8% |
| Amounts receivable within one year | 40/41 | €20,890 | €13,276 | -€7,614 | -36.4% |
| Trade receivables | 40 | €20,890 | €3,808 | -€17,082 | -81.8% |
| Other amounts receivable | 41 | - | €9,467 | +€9,467 | |
| Cash at bank and in hand | 54/58 | €253,345 | €234,115 | -€19,230 | -7.6% |
| Total equity and liabilities | 10/49 | €978,505 | €924,332 | -€54,173 | -5.5% |
| Equity | 10/15 | €172,974 | €281,196 | +€108,221 | +62.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,774 | €274,996 | +€108,221 | +64.9% |
| Distributable reserves | 133 | €166,774 | €274,996 | +€108,221 | +64.9% |
| Amounts payable | 17/49 | €805,530 | €643,136 | -€162,394 | -20.2% |
| Amounts payable after more than one year | 17 | €544,219 | €469,012 | -€75,207 | -13.8% |
| Financial debts | 170/4 | €544,219 | €469,012 | -€75,207 | -13.8% |
| Amounts payable within one year | 42/48 | €259,777 | €165,792 | -€93,985 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €44,553 | €45,207 | +€654 | +1.5% |
| Trade debts | 44 | - | €4,715 | +€4,715 | |
| Suppliers | 440/4 | - | €4,715 | +€4,715 | |
| Taxes, remuneration and social security | 45 | €20,493 | €24,552 | +€4,059 | +19.8% |
| Taxes | 450/3 | €20,493 | €24,552 | +€4,059 | +19.8% |
| Other amounts payable | 47/48 | €194,731 | €91,318 | -€103,413 | -53.1% |
| Accrued charges and deferred income | 492/3 | €1,535 | €8,332 | +€6,798 | +443% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,224 | €27,329 | -€19,895 | -42.1% |
| Other operating charges | 640/8 | €4,512 | €8,788 | +€4,276 | +94.8% |
| Gross operating margin | 9900 | €333,516 | €208,548 | -€124,968 | -37.5% |
| Operating profit (loss) | 9901 | €281,780 | €172,431 | -€109,349 | -38.8% |
| Financial charges | 65/66B | €13,892 | €13,677 | -€214 | -1.5% |
| Recurring financial charges | 65 | €13,892 | €13,677 | -€214 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €267,889 | €158,754 | -€109,135 | -40.7% |
| Income taxes | 67/77 | €79,560 | €50,533 | -€29,027 | -36.5% |
| Profit (loss) for the period | 9904 | €188,329 | €108,221 | -€80,108 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,329 | €108,221 | -€80,108 | -42.5% |
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 20 October 2026 via checked.be.