I.D.: 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.
I.D.
Largest movements
- Receivables within one year -€127,933
down €127,933 (-44.0%), from €290,546 to €162,613
of which Trade receivables: -€100,214
- Tangible fixed assets -€87,771
down €87,771 (-17.0%), from €517,684 to €429,912
of which Leasing and similar rights: -€44,817
- Cash -€84,785
down €84,785 (-49.9%), from €169,890 to €85,105
mainly Trade debts (-€101,029) and Debts after one year (-€89,634)
- Trade debts -€101,029
down €101,029 (-87.9%), from €114,985 to €13,955
- Debts after one year -€89,634
down €89,634 (-48.2%), from €186,149 to €96,516
- Reserves -€64,931
down €64,931 (-7.3%), from €890,198 to €825,267
of which Distributable reserves: -€38,512
- Current portion of long-term debt -€39,105
down €39,105 (-30.4%), from €128,738 to €89,634
- Accrued charges and deferred income -€25,846
down €25,846 (-70.5%), from €36,685 to €10,838
- Depreciation -€43,571
down €43,571 (-28.6%), from €152,132 to €108,561
- Write-downs +€33,281
up €33,281 (+146%), from €22,728 to €56,009
- Financial income -€4,422
down €4,422 (-77.7%), from €5,690 to €1,268
- Staff costs +€4,140
up €4,140 (+4.8%), from €86,461 to €90,601
- Gross operating margin +€3,321
up €3,321 (+1.6%), from €208,370 to €211,690
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 | €1,514,674 | €1,202,484 | -€312,190 | -20.6% |
| Fixed assets | 21/28 | €1,040,799 | €947,658 | -€93,141 | -8.9% |
| Intangible fixed assets | 21 | €21,480 | €16,110 | -€5,370 | -25.0% |
| Tangible fixed assets | 22/27 | €517,684 | €429,912 | -€87,771 | -17.0% |
| Land and buildings | 22 | €445,684 | €411,064 | -€34,620 | -7.8% |
| Plant, machinery and equipment | 23 | €19,804 | €10,859 | -€8,945 | -45.2% |
| Furniture and vehicles | 24 | €7,379 | €7,989 | +€611 | +8.3% |
| Leasing and similar rights | 25 | €44,817 | €0 | -€44,817 | -100% |
| Financial fixed assets | 28 | €501,635 | €501,635 | = | 0.0% |
| Current assets | 29/58 | €473,875 | €254,826 | -€219,049 | -46.2% |
| Amounts receivable after more than one year | 29 | €11,100 | €3,724 | -€7,376 | -66.4% |
| Other amounts receivable | 291 | €11,100 | €3,724 | -€7,376 | -66.4% |
| Amounts receivable within one year | 40/41 | €290,546 | €162,613 | -€127,933 | -44.0% |
| Trade receivables | 40 | €243,960 | €143,746 | -€100,214 | -41.1% |
| Other amounts receivable | 41 | €46,586 | €18,867 | -€27,719 | -59.5% |
| Current investments | 50/53 | €11 | €10 | -€1 | -5.0% |
| Cash at bank and in hand | 54/58 | €169,890 | €85,105 | -€84,785 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,328 | €3,374 | +€1,046 | +44.9% |
| Total equity and liabilities | 10/49 | €1,514,674 | €1,202,484 | -€312,190 | -20.6% |
| Equity | 10/15 | €1,015,198 | €950,267 | -€64,931 | -6.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €890,198 | €825,267 | -€64,931 | -7.3% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,064 | €9,645 | -€26,419 | -73.3% |
| Distributable reserves | 133 | €841,634 | €803,122 | -€38,512 | -4.6% |
| Provisions and deferred taxes | 16 | €8,806 | €0 | -€8,806 | -100% |
| Deferred taxes | 168 | €8,806 | €0 | -€8,806 | -100% |
| Amounts payable | 17/49 | €490,670 | €252,217 | -€238,453 | -48.6% |
| Amounts payable after more than one year | 17 | €186,149 | €96,516 | -€89,634 | -48.2% |
| Financial debts | 170/4 | €186,149 | €96,516 | -€89,634 | -48.2% |
| Amounts payable within one year | 42/48 | €267,836 | €144,863 | -€122,973 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €128,738 | €89,634 | -€39,105 | -30.4% |
| Trade debts | 44 | €114,985 | €13,955 | -€101,029 | -87.9% |
| Suppliers | 440/4 | €114,985 | €13,955 | -€101,029 | -87.9% |
| Taxes, remuneration and social security | 45 | €14,682 | €32,630 | +€17,948 | +122% |
| Taxes | 450/3 | €2,932 | €19,456 | +€16,524 | +564% |
| Remuneration and social security | 454/9 | €11,751 | €13,174 | +€1,423 | +12.1% |
| Other amounts payable | 47/48 | €9,430 | €8,644 | -€787 | -8.3% |
| Accrued charges and deferred income | 492/3 | €36,685 | €10,838 | -€25,846 | -70.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €86,461 | €90,601 | +€4,140 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,132 | €108,561 | -€43,571 | -28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,728 | €56,009 | +€33,281 | +146% |
| Other operating charges | 640/8 | €21,818 | €24,852 | +€3,034 | +13.9% |
| Gross operating margin | 9900 | €208,370 | €211,690 | +€3,321 | +1.6% |
| Operating profit (loss) | 9901 | -€74,770 | -€68,333 | +€6,436 | +8.6% |
| Financial income | 75/76B | €5,690 | €1,268 | -€4,422 | -77.7% |
| Recurring financial income | 75 | €5,690 | €1,268 | -€4,422 | -77.7% |
| Financial charges | 65/66B | €9,230 | €6,230 | -€3,001 | -32.5% |
| Recurring financial charges | 65 | €9,230 | €6,230 | -€3,001 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€78,310 | -€73,295 | +€5,015 | +6.4% |
| Transfer from deferred taxes | 780 | €8,873 | €8,806 | -€67 | -0.8% |
| Income taxes | 67/77 | €0 | €443 | +€443 | |
| Profit (loss) for the period | 9904 | -€69,437 | -€64,931 | +€4,506 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €26,618 | €26,419 | -€200 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,819 | -€38,512 | +€4,306 | +10.1% |
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 23 October 2026 via checked.be.