Het Sluitstuk: 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 Sluitstuk
Largest movements
- Tangible fixed assets -€24,793
down €24,793 (-10.9%), from €227,184 to €202,391
- Cash +€2,405
up €2,405 (+25.7%), from €9,363 to €11,768
mainly Depreciation (+€24,793)
- Other debts -€7,875
down €7,875 (-5.9%), from €134,255 to €126,380
- Trade debts -€7,313
no longer reported in 2025 (was €7,313)
- Profit (loss) carried forward -€7,200
down €7,200 (-42.6%), from -€16,903 to -€24,103
- Depreciation +€16,308
up €16,308 (+192.2%), from €8,485 to €24,793
- Gross operating margin +€11,646
up €11,646 (+176.9%), from €6,584 to €18,230
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 | €236,547 | €214,159 | -€22,388 | -9.5% |
| Fixed assets | 21/28 | €227,184 | €202,391 | -€24,793 | -10.9% |
| Tangible fixed assets | 22/27 | €227,184 | €202,391 | -€24,793 | -10.9% |
| Land and buildings | 22 | €227,184 | €202,391 | -€24,793 | -10.9% |
| Current assets | 29/58 | €9,363 | €11,768 | +€2,405 | +25.7% |
| Cash at bank and in hand | 54/58 | €9,363 | €11,768 | +€2,405 | +25.7% |
| Total equity and liabilities | 10/49 | €236,547 | €214,159 | -€22,388 | -9.5% |
| Equity | 10/15 | €94,979 | €87,779 | -€7,200 | -7.6% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €93,290 | €91,431 | -€1,859 | -2.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €91,431 | €91,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,903 | -€24,103 | -€7,200 | -42.6% |
| Amounts payable | 17/49 | €141,568 | €126,380 | -€15,188 | -10.7% |
| Amounts payable within one year | 42/48 | €141,568 | €126,380 | -€15,188 | -10.7% |
| Trade debts | 44 | €7,313 | - | -€7,313 | |
| Suppliers | 440/4 | €7,313 | - | -€7,313 | |
| Other amounts payable | 47/48 | €134,255 | €126,380 | -€7,875 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,485 | €24,793 | +€16,308 | +192.2% |
| Gross operating margin | 9900 | €6,584 | €18,230 | +€11,646 | +176.9% |
| Operating profit (loss) | 9901 | -€1,901 | -€6,563 | -€4,662 | -245.2% |
| Financial charges | 65/66B | €579 | €637 | +€58 | +10.0% |
| Recurring financial charges | 65 | €579 | €637 | +€58 | +10.0% |
| Non-recurring financial charges | 66B | - | €637 | +€637 | |
| Profit (loss) for the period before taxes | 9903 | -€2,480 | -€7,200 | -€4,720 | -190.3% |
| Profit (loss) for the period | 9904 | -€2,480 | -€7,200 | -€4,720 | -190.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,480 | -€7,200 | -€4,720 | -190.3% |
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 10 October 2026 via checked.be.