I - TON: 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 - TON
Largest movements
- Tangible fixed assets -€57,720
down €57,720 (-2.6%), from €2.2m to €2.1m
of which Land and buildings: -€50,273
- Cash +€25,158
up €25,158 (+60.8%), from €41,410 to €66,568
mainly Depreciation (+€70,809) and Tax, wage and social debts (+€5,089)
- Reserves -€25,090
down €25,090 (-4.1%), from €618,965 to €593,875
of which Tax-exempt reserves: -€25,090
- Debts after one year -€23,044
down €23,044 (-4.5%), from €510,010 to €486,966
- Gross operating margin +€20,462
up €20,462 (+21.5%), from €95,131 to €115,594
- Financial charges +€16,234
up €16,234 (+55.0%), from €29,522 to €45,757
- Depreciation -€2,840
down €2,840 (-3.9%), from €73,649 to €70,809
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 | €2,247,743 | €2,211,567 | -€36,176 | -1.6% |
| Fixed assets | 21/28 | €2,199,983 | €2,142,263 | -€57,720 | -2.6% |
| Tangible fixed assets | 22/27 | €2,199,413 | €2,141,693 | -€57,720 | -2.6% |
| Land and buildings | 22 | €2,144,540 | €2,094,267 | -€50,273 | -2.3% |
| Plant, machinery and equipment | 23 | €53,544 | €44,396 | -€9,148 | -17.1% |
| Furniture and vehicles | 24 | €1,329 | €3,031 | +€1,702 | +128% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €47,759 | €69,303 | +€21,544 | +45.1% |
| Amounts receivable within one year | 40/41 | €1,457 | €1,050 | -€406 | -27.9% |
| Trade receivables | 40 | €1,027 | €155 | -€872 | -84.9% |
| Other amounts receivable | 41 | €430 | €896 | +€466 | +108% |
| Cash at bank and in hand | 54/58 | €41,410 | €66,568 | +€25,158 | +60.8% |
| Deferred charges and accrued income | 490/1 | €4,892 | €1,685 | -€3,208 | -65.6% |
| Total equity and liabilities | 10/49 | €2,247,743 | €2,211,567 | -€36,176 | -1.6% |
| Equity | 10/15 | €1,021,637 | €1,018,761 | -€2,876 | -0.3% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €618,965 | €593,875 | -€25,090 | -4.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €617,077 | €591,988 | -€25,090 | -4.1% |
| Distributable reserves | 133 | €1,888 | €1,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,062 | -€194,848 | +€22,213 | +10.2% |
| Provisions and deferred taxes | 16 | €205,692 | €197,329 | -€8,363 | -4.1% |
| Deferred taxes | 168 | €205,692 | €197,329 | -€8,363 | -4.1% |
| Amounts payable | 17/49 | €1,020,413 | €995,476 | -€24,937 | -2.4% |
| Amounts payable after more than one year | 17 | €510,010 | €486,966 | -€23,044 | -4.5% |
| Financial debts | 170/4 | €510,010 | €486,966 | -€23,044 | -4.5% |
| Amounts payable within one year | 42/48 | €496,107 | €493,574 | -€2,533 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €22,377 | €23,044 | +€667 | +3.0% |
| Trade debts | 44 | €12,797 | €8,127 | -€4,670 | -36.5% |
| Suppliers | 440/4 | €12,797 | €8,127 | -€4,670 | -36.5% |
| Taxes, remuneration and social security | 45 | €4,011 | €9,099 | +€5,089 | +127% |
| Taxes | 450/3 | €4,011 | €9,099 | +€5,089 | +127% |
| Other amounts payable | 47/48 | €456,922 | €453,304 | -€3,618 | -0.8% |
| Accrued charges and deferred income | 492/3 | €14,296 | €14,937 | +€641 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,649 | €70,809 | -€2,840 | -3.9% |
| Other operating charges | 640/8 | €10,029 | €10,267 | +€238 | +2.4% |
| Gross operating margin | 9900 | €95,131 | €115,594 | +€20,462 | +21.5% |
| Operating profit (loss) | 9901 | €11,453 | €34,517 | +€23,065 | +201% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €29,522 | €45,757 | +€16,234 | +55.0% |
| Recurring financial charges | 65 | €29,522 | €45,757 | +€16,234 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,045 | -€11,240 | +€6,805 | +37.7% |
| Transfer from deferred taxes | 780 | €8,363 | €8,363 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,682 | -€2,876 | +€6,805 | +70.3% |
| Transfer from tax-exempt reserves | 789 | €25,090 | €25,090 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,408 | €22,213 | +€6,805 | +44.2% |
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 19 October 2026 via checked.be.