HOME ~: 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.
HOME ~
Largest movements
- Tangible fixed assets -€36,876
down €36,876 (-5.2%), from €712,840 to €675,964
of which Land and buildings: -€36,140
- Cash -€20,000
down €20,000 (-24.6%), from €81,136 to €61,136
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€26,810)
- Receivables within one year +€19,166
up €19,166 (+54,127%), from €35 to €19,202
of which Trade receivables: +€19,166
- Debts after one year -€26,810
down €26,810 (-20.4%), from €131,423 to €104,613
- Reserves -€9,980
down €9,980 (-2.0%), from €498,973 to €488,994
of which Distributable reserves: -€9,980
- Gross operating margin -€43,545
down €43,545 (-37.1%), from €117,306 to €73,762
- Staff costs -€26,995
no longer reported in 2025 (was €26,995)
- Taxes -€6,351
down €6,351 (-44.8%), from €14,174 to €7,822
- Depreciation -€1,647
down €1,647 (-4.1%), from €40,209 to €38,563
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 | €794,596 | €756,887 | -€37,710 | -4.7% |
| Fixed assets | 21/28 | €712,840 | €675,964 | -€36,876 | -5.2% |
| Tangible fixed assets | 22/27 | €712,840 | €675,964 | -€36,876 | -5.2% |
| Land and buildings | 22 | €710,150 | €674,010 | -€36,140 | -5.1% |
| Plant, machinery and equipment | 23 | €518 | - | -€518 | |
| Furniture and vehicles | 24 | €2,173 | €1,954 | -€218 | -10.0% |
| Current assets | 29/58 | €81,756 | €80,923 | -€833 | -1.0% |
| Amounts receivable within one year | 40/41 | €35 | €19,202 | +€19,166 | +54,127% |
| Trade receivables | 40 | - | €19,166 | +€19,166 | |
| Other amounts receivable | 41 | €35 | €35 | = | 0.0% |
| Current investments | 50/53 | €585 | €585 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,136 | €61,136 | -€20,000 | -24.6% |
| Total equity and liabilities | 10/49 | €794,596 | €756,887 | -€37,710 | -4.7% |
| Equity | 10/15 | €585,535 | €575,555 | -€9,980 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €498,973 | €488,994 | -€9,980 | -2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,180 | €22,180 | = | 0.0% |
| Distributable reserves | 133 | €474,934 | €464,954 | -€9,980 | -2.1% |
| Profit (loss) carried forward | 14 | €67,962 | €67,962 | = | 0.0% |
| Amounts payable | 17/49 | €209,061 | €181,332 | -€27,730 | -13.3% |
| Amounts payable after more than one year | 17 | €131,423 | €104,613 | -€26,810 | -20.4% |
| Financial debts | 170/4 | €131,423 | €104,613 | -€26,810 | -20.4% |
| Amounts payable within one year | 42/48 | €77,638 | €76,718 | -€920 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €27,913 | €26,799 | -€1,114 | -4.0% |
| Trade debts | 44 | €1,912 | €2,527 | +€615 | +32.1% |
| Suppliers | 440/4 | €1,912 | €2,527 | +€615 | +32.1% |
| Taxes, remuneration and social security | 45 | €7,444 | €8,255 | +€811 | +10.9% |
| Taxes | 450/3 | €7,444 | €8,255 | +€811 | +10.9% |
| Other amounts payable | 47/48 | €40,369 | €39,139 | -€1,231 | -3.0% |
| Remuneration, social security and pensions | 62 | €26,995 | - | -€26,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,209 | €38,563 | -€1,647 | -4.1% |
| Other operating charges | 640/8 | €4,196 | €4,819 | +€622 | +14.8% |
| Gross operating margin | 9900 | €117,306 | €73,762 | -€43,545 | -37.1% |
| Operating profit (loss) | 9901 | €45,906 | €30,380 | -€15,526 | -33.8% |
| Financial income | 75/76B | €81 | €54 | -€28 | -34.0% |
| Recurring financial income | 75 | €81 | €54 | -€28 | -34.0% |
| Financial charges | 65/66B | €3,347 | €2,591 | -€756 | -22.6% |
| Recurring financial charges | 65 | €3,347 | €2,591 | -€756 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €42,640 | €27,842 | -€14,798 | -34.7% |
| Income taxes | 67/77 | €14,174 | €7,822 | -€6,351 | -44.8% |
| Profit (loss) for the period | 9904 | €28,466 | €20,020 | -€8,446 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,466 | €20,020 | -€8,446 | -29.7% |
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 31 October 2026 via checked.be.