iii: 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.
iii
Largest movements
- Tangible fixed assets -€28,476
down €28,476 (-8.7%), from €328,501 to €300,026
of which Land and buildings: -€16,271
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year -€7,184
down €7,184 (-17.3%), from €41,564 to €34,380
of which Other amounts receivable: -€4,983
- Debts after one year -€27,321
down €27,321 (-17.4%), from €157,318 to €129,997
of which Financial debts: -€27,321
- Reserves -€21,084
down €21,084 (-9.6%), from €220,442 to €199,358
- Current portion of long-term debt -€5,382
down €5,382 (-16.5%), from €32,703 to €27,321
- Financial charges -€1,093
down €1,093 (-14.7%), from €7,420 to €6,328
- Depreciation -€1,012
down €1,012 (-3.0%), from €34,244 to €33,232
- Financial income -€639
down €639 (-73.4%), from €870 to €231
- Taxes +€488
up €488 (+37.0%), from €1,319 to €1,807
- Gross operating margin +€469
up €469 (+1.1%), from €42,573 to €43,042
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 | €427,276 | €374,689 | -€52,586 | -12.3% |
| Fixed assets | 21/28 | €334,751 | €306,276 | -€28,476 | -8.5% |
| Tangible fixed assets | 22/27 | €328,501 | €300,026 | -€28,476 | -8.7% |
| Land and buildings | 22 | €272,963 | €256,692 | -€16,271 | -6.0% |
| Plant, machinery and equipment | 23 | €248 | €153 | -€95 | -38.3% |
| Furniture and vehicles | 24 | €46,044 | €32,253 | -€13,791 | -30.0% |
| Other tangible fixed assets | 26 | €9,246 | €10,927 | +€1,681 | +18.2% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €92,524 | €68,414 | -€24,110 | -26.1% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €41,564 | €34,380 | -€7,184 | -17.3% |
| Trade receivables | 40 | €35,869 | €33,669 | -€2,201 | -6.1% |
| Other amounts receivable | 41 | €5,695 | €712 | -€4,983 | -87.5% |
| Cash at bank and in hand | 54/58 | €29,996 | €33,000 | +€3,004 | +10.0% |
| Deferred charges and accrued income | 490/1 | €964 | €1,033 | +€70 | +7.2% |
| Total equity and liabilities | 10/49 | €427,276 | €374,689 | -€52,586 | -12.3% |
| Equity | 10/15 | €223,192 | €202,108 | -€21,084 | -9.4% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Reserves | 13 | €220,442 | €199,358 | -€21,084 | -9.6% |
| Distributable reserves | 133 | €220,442 | €199,358 | -€21,084 | -9.6% |
| Amounts payable | 17/49 | €204,084 | €172,582 | -€31,502 | -15.4% |
| Amounts payable after more than one year | 17 | €157,318 | €129,997 | -€27,321 | -17.4% |
| Financial debts | 170/4 | €124,490 | €97,168 | -€27,321 | -21.9% |
| Other amounts payable | 178/9 | €32,829 | €32,829 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,412 | €37,961 | -€3,451 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €32,703 | €27,321 | -€5,382 | -16.5% |
| Trade debts | 44 | €4,974 | €4,392 | -€581 | -11.7% |
| Suppliers | 440/4 | €4,974 | €4,392 | -€581 | -11.7% |
| Taxes, remuneration and social security | 45 | €1,666 | €1,547 | -€118 | -7.1% |
| Taxes | 450/3 | €1,666 | €1,547 | -€118 | -7.1% |
| Other amounts payable | 47/48 | €2,069 | €4,699 | +€2,631 | +127.2% |
| Accrued charges and deferred income | 492/3 | €5,354 | €4,624 | -€730 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,244 | €33,232 | -€1,012 | -3.0% |
| Other operating charges | 640/8 | €2,086 | €1,991 | -€95 | -4.5% |
| Gross operating margin | 9900 | €42,573 | €43,042 | +€469 | +1.1% |
| Operating profit (loss) | 9901 | €6,243 | €7,819 | +€1,576 | +25.2% |
| Financial income | 75/76B | €870 | €231 | -€639 | -73.4% |
| Recurring financial income | 75 | €870 | €231 | -€639 | -73.4% |
| Financial charges | 65/66B | €7,420 | €6,328 | -€1,093 | -14.7% |
| Recurring financial charges | 65 | €7,420 | €6,328 | -€1,093 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€307 | €1,723 | +€2,030 | |
| Income taxes | 67/77 | €1,319 | €1,807 | +€488 | +37.0% |
| Profit (loss) for the period | 9904 | -€1,626 | -€84 | +€1,542 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,626 | -€84 | +€1,542 | +94.8% |
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 4 October 2026 via checked.be.