GLOBAL DEVELOPMENTS: 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.
GLOBAL DEVELOPMENTS
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€103,583
up €103,583 (+75.6%), from €137,015 to €240,598
- Cash +€36,087
up €36,087 (+28.7%), from €125,787 to €161,874
mainly Current investments (+€150,000) and Net result for the year (+€12,995)
- Debts after one year -€29,473
down €29,473 (-31.6%), from €93,412 to €63,938
- Reserves +€12,995
up €12,995 (+5.6%), from €232,846 to €245,841
of which Distributable reserves: +€12,995
- Tax, wage and social debts +€6,149
new in 2025: €6,149
- Gross operating margin +€22,375
up €22,375, from -€4,659 to €17,716
- Taxes +€6,149
new in 2025: €6,149
- Financial income -€1,845
down €1,845 (-50.7%), from €3,639 to €1,794
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 | €412,802 | €402,472 | -€10,330 | -2.5% |
| Current assets | 29/58 | €412,802 | €402,472 | -€10,330 | -2.5% |
| Amounts receivable within one year | 40/41 | €137,015 | €240,598 | +€103,583 | +75.6% |
| Other amounts receivable | 41 | €137,015 | €240,598 | +€103,583 | +75.6% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €125,787 | €161,874 | +€36,087 | +28.7% |
| Total equity and liabilities | 10/49 | €412,802 | €402,472 | -€10,330 | -2.5% |
| Equity | 10/15 | €276,586 | €289,581 | +€12,995 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,846 | €245,841 | +€12,995 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,986 | €243,981 | +€12,995 | +5.6% |
| Profit (loss) carried forward | 14 | €25,140 | €25,140 | = | 0.0% |
| Amounts payable | 17/49 | €136,216 | €112,891 | -€23,325 | -17.1% |
| Amounts payable after more than one year | 17 | €93,412 | €63,938 | -€29,473 | -31.6% |
| Financial debts | 170/4 | €93,412 | €63,938 | -€29,473 | -31.6% |
| Amounts payable within one year | 42/48 | €42,804 | €48,953 | +€6,149 | +14.4% |
| Taxes, remuneration and social security | 45 | - | €6,149 | +€6,149 | |
| Taxes | 450/3 | - | €6,149 | +€6,149 | |
| Other amounts payable | 47/48 | €42,804 | €42,804 | = | 0.0% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | -€4,659 | €17,716 | +€22,375 | |
| Operating profit (loss) | 9901 | -€4,768 | €17,598 | +€22,366 | |
| Financial income | 75/76B | €3,639 | €1,794 | -€1,845 | -50.7% |
| Recurring financial income | 75 | €3,639 | €1,794 | -€1,845 | -50.7% |
| Financial charges | 65/66B | €219 | €248 | +€29 | +13.2% |
| Recurring financial charges | 65 | €219 | €248 | +€29 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,348 | €19,144 | +€20,492 | |
| Income taxes | 67/77 | - | €6,149 | +€6,149 | |
| Profit (loss) for the period | 9904 | -€1,348 | €12,995 | +€14,343 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,348 | €12,995 | +€14,343 |
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 2 October 2026 via checked.be.