HET OPEN BOEK: 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.
HET OPEN BOEK
Largest movements
- Receivables within one year +€24,219
up €24,219 (+28.7%), from €84,261 to €108,480
- Tangible fixed assets -€1,996
down €1,996 (-2.4%), from €84,030 to €82,034
- Reserves +€25,099
up €25,099 (+37.1%), from €67,630 to €92,729
of which Distributable reserves: +€25,099
- Debts after one year -€10,542
down €10,542 (-56.8%), from €18,548 to €8,006
- Current portion of long-term debt +€8,502
up €8,502 (+81.8%), from €10,393 to €18,895
- Tax, wage and social debts -€7,628
down €7,628 (-74.3%), from €10,269 to €2,642
- Other debts +€4,724
up €4,724 (+10.8%), from €43,923 to €48,647
- Financial income -€1,018
down €1,018 (-24.7%), from €4,121 to €3,103
- Taxes -€893
down €893 (-9.4%), from €9,469 to €8,577
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 | €169,364 | €190,810 | +€21,446 | +12.7% |
| Fixed assets | 21/28 | €84,030 | €82,034 | -€1,996 | -2.4% |
| Tangible fixed assets | 22/27 | €84,030 | €82,034 | -€1,996 | -2.4% |
| Land and buildings | 22 | €84,030 | €82,034 | -€1,996 | -2.4% |
| Current assets | 29/58 | €85,334 | €108,776 | +€23,442 | +27.5% |
| Amounts receivable within one year | 40/41 | €84,261 | €108,480 | +€24,219 | +28.7% |
| Other amounts receivable | 41 | €84,261 | €108,480 | +€24,219 | +28.7% |
| Cash at bank and in hand | 54/58 | €911 | €126 | -€785 | -86.2% |
| Deferred charges and accrued income | 490/1 | €162 | €170 | +€8 | +4.9% |
| Total equity and liabilities | 10/49 | €169,364 | €190,810 | +€21,446 | +12.7% |
| Equity | 10/15 | €86,230 | €111,329 | +€25,099 | +29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,630 | €92,729 | +€25,099 | +37.1% |
| Tax-exempt reserves | 132 | €10,900 | €10,900 | = | 0.0% |
| Distributable reserves | 133 | €56,730 | €81,830 | +€25,099 | +44.2% |
| Amounts payable | 17/49 | €83,134 | €79,480 | -€3,654 | -4.4% |
| Amounts payable after more than one year | 17 | €18,548 | €8,006 | -€10,542 | -56.8% |
| Financial debts | 170/4 | €18,548 | €8,006 | -€10,542 | -56.8% |
| Amounts payable within one year | 42/48 | €64,586 | €71,474 | +€6,889 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €10,393 | €18,895 | +€8,502 | +81.8% |
| Trade debts | 44 | - | €1,291 | +€1,291 | |
| Suppliers | 440/4 | - | €1,291 | +€1,291 | |
| Taxes, remuneration and social security | 45 | €10,269 | €2,642 | -€7,628 | -74.3% |
| Taxes | 450/3 | €10,269 | €2,642 | -€7,628 | -74.3% |
| Other amounts payable | 47/48 | €43,923 | €48,647 | +€4,724 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €1,996 | = | 0.0% |
| Other operating charges | 640/8 | €711 | €680 | -€31 | -4.3% |
| Gross operating margin | 9900 | €84,748 | €84,063 | -€686 | -0.8% |
| Operating profit (loss) | 9901 | €82,041 | €81,386 | -€655 | -0.8% |
| Financial income | 75/76B | €4,121 | €3,103 | -€1,018 | -24.7% |
| Recurring financial income | 75 | €4,121 | €3,103 | -€1,018 | -24.7% |
| Financial charges | 65/66B | €679 | €813 | +€134 | +19.7% |
| Recurring financial charges | 65 | €679 | €813 | +€134 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €85,483 | €83,676 | -€1,807 | -2.1% |
| Income taxes | 67/77 | €9,469 | €8,577 | -€893 | -9.4% |
| Profit (loss) for the period | 9904 | €76,013 | €75,099 | -€914 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,013 | €75,099 | -€914 | -1.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.