I3: what changed
Two fiscal 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.
I3
Largest movements
- Tangible fixed assets -€17,949
down €17,949 (-2.8%), from €635,562 to €617,613
of which Land and buildings: -€17,949
- Cash +€10,981
up €10,981 (+80.0%), from €13,732 to €24,713
mainly Net result for the year (+€27,313) and Depreciation (+€17,949)
- Debts after one year -€52,025
down €52,025 (-9.7%), from €537,112 to €485,087
- Reserves +€27,313
up €27,313 (+106.8%), from €25,578 to €52,891
- Tax, wage and social debts +€13,446
up €13,446 (+2493.9%), from €539 to €13,985
- Depreciation -€35,487
down €35,487 (-66.4%), from €53,436 to €17,949
- Gross operating margin +€15,092
up €15,092 (+22.8%), from €66,077 to €81,170
- Taxes +€13,446
up €13,446 (+2493.9%), from €539 to €13,985
- Financial charges +€7,073
up €7,073 (+95.5%), from €7,408 to €14,481
- Other operating charges +€3,824
up €3,824 (+105.7%), from €3,617 to €7,441
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 | €649,406 | €642,326 | -€7,080 | -1.1% |
| Fixed assets | 21/28 | €635,562 | €617,613 | -€17,949 | -2.8% |
| Tangible fixed assets | 22/27 | €635,562 | €617,613 | -€17,949 | -2.8% |
| Land and buildings | 22 | €635,562 | €617,613 | -€17,949 | -2.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €13,845 | €24,713 | +€10,868 | +78.5% |
| Cash at bank and in hand | 54/58 | €13,732 | €24,713 | +€10,981 | +80.0% |
| Deferred charges and accrued income | 490/1 | €113 | €0 | -€113 | -100.0% |
| Total equity and liabilities | 10/49 | €649,406 | €642,326 | -€7,080 | -1.1% |
| Equity | 10/15 | €60,578 | €87,891 | +€27,313 | +45.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €25,578 | €52,891 | +€27,313 | +106.8% |
| Distributable reserves | 133 | €25,578 | €52,891 | +€27,313 | +106.8% |
| Amounts payable | 17/49 | €588,828 | €554,435 | -€34,394 | -5.8% |
| Amounts payable after more than one year | 17 | €537,112 | €485,087 | -€52,025 | -9.7% |
| Financial debts | 170/4 | €537,112 | €485,087 | -€52,025 | -9.7% |
| Amounts payable within one year | 42/48 | €51,716 | €69,348 | +€17,632 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €50,719 | €52,025 | +€1,307 | +2.6% |
| Trade debts | 44 | €459 | €3,337 | +€2,879 | +627.8% |
| Suppliers | 440/4 | €459 | €3,337 | +€2,879 | +627.8% |
| Taxes, remuneration and social security | 45 | €539 | €13,985 | +€13,446 | +2493.9% |
| Taxes | 450/3 | €539 | €13,985 | +€13,446 | +2493.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €16,839 | €0 | -€16,839 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,436 | €17,949 | -€35,487 | -66.4% |
| Other operating charges | 640/8 | €3,617 | €7,441 | +€3,824 | +105.7% |
| Gross operating margin | 9900 | €66,077 | €81,170 | +€15,092 | +22.8% |
| Operating profit (loss) | 9901 | €9,025 | €55,780 | +€46,755 | +518.1% |
| Financial charges | 65/66B | €7,408 | €14,481 | +€7,073 | +95.5% |
| Recurring financial charges | 65 | €7,408 | €14,481 | +€7,073 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €1,617 | €41,299 | +€39,682 | +2454.7% |
| Income taxes | 67/77 | €539 | €13,985 | +€13,446 | +2493.9% |
| Profit (loss) for the period | 9904 | €1,077 | €27,313 | +€26,236 | +2435.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,077 | €27,313 | +€26,236 | +2435.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.