In Balance: 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.
In Balance
Largest movements
- Cash -€77,051
down €77,051 (-33.7%), from €228,304 to €151,252
mainly Contributions, distributions and other (-€43,995) and Other debts (-€33,721)
- Tangible fixed assets -€43,500
down €43,500 (-32.2%), from €135,167 to €91,667
of which Land and buildings: -€42,358
- Receivables within one year -€20,568
down €20,568 (-32.7%), from €62,851 to €42,283
of which Other amounts receivable: -€37,364
- Other debts -€33,721
down €33,721 (-25.4%), from €132,831 to €99,110
- Tax, wage and social debts -€33,292
down €33,292 (-95.7%), from €34,790 to €1,498
- Current portion of long-term debt -€27,394
down €27,394 (-54.3%), from €50,425 to €23,031
- Debts after one year -€23,031
down €23,031 (-27.6%), from €83,300 to €60,269
- Accrued charges and deferred income -€22,057
down €22,057 (-31.4%), from €70,328 to €48,271
- Gross operating margin -€46,999
down €46,999 (-29.6%), from €158,937 to €111,937
- Taxes -€13,912
down €13,912 (-47.3%), from €29,418 to €15,506
- Staff costs +€6,781
new in 2025: €6,781
- Financial income +€4,602
up €4,602 (+1,203%), from €383 to €4,985
- Financial charges -€2,222
down €2,222 (-38.6%), from €5,748 to €3,527
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 | €427,247 | €285,974 | -€141,273 | -33.1% |
| Fixed assets | 21/28 | €135,167 | €91,667 | -€43,500 | -32.2% |
| Tangible fixed assets | 22/27 | €135,167 | €91,667 | -€43,500 | -32.2% |
| Land and buildings | 22 | €119,772 | €77,414 | -€42,358 | -35.4% |
| Plant, machinery and equipment | 23 | €360 | €2,502 | +€2,142 | +595% |
| Furniture and vehicles | 24 | €15,035 | €11,751 | -€3,284 | -21.8% |
| Current assets | 29/58 | €292,080 | €194,307 | -€97,773 | -33.5% |
| Amounts receivable within one year | 40/41 | €62,851 | €42,283 | -€20,568 | -32.7% |
| Trade receivables | 40 | €20,844 | €37,639 | +€16,795 | +80.6% |
| Other amounts receivable | 41 | €42,007 | €4,643 | -€37,364 | -88.9% |
| Cash at bank and in hand | 54/58 | €228,304 | €151,252 | -€77,051 | -33.7% |
| Deferred charges and accrued income | 490/1 | €926 | €772 | -€153 | -16.6% |
| Total equity and liabilities | 10/49 | €427,247 | €285,974 | -€141,273 | -33.1% |
| Equity | 10/15 | €38,835 | €36,980 | -€1,855 | -4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €20,285 | €18,430 | -€1,855 | -9.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,285 | €18,430 | -€1,855 | -9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €388,412 | €248,994 | -€139,418 | -35.9% |
| Amounts payable after more than one year | 17 | €83,300 | €60,269 | -€23,031 | -27.6% |
| Financial debts | 170/4 | €83,300 | €60,269 | -€23,031 | -27.6% |
| Amounts payable within one year | 42/48 | €234,784 | €140,454 | -€94,330 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €50,425 | €23,031 | -€27,394 | -54.3% |
| Trade debts | 44 | €16,737 | €16,815 | +€78 | +0.5% |
| Suppliers | 440/4 | €16,737 | €16,815 | +€78 | +0.5% |
| Taxes, remuneration and social security | 45 | €34,790 | €1,498 | -€33,292 | -95.7% |
| Taxes | 450/3 | €34,790 | €1,498 | -€33,292 | -95.7% |
| Other amounts payable | 47/48 | €132,831 | €99,110 | -€33,721 | -25.4% |
| Accrued charges and deferred income | 492/3 | €70,328 | €48,271 | -€22,057 | -31.4% |
| Non-recurring operating income | 76A | €32,571 | €0 | -€32,571 | -100% |
| Remuneration, social security and pensions | 62 | - | €6,781 | +€6,781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,586 | €45,937 | +€351 | +0.8% |
| Other operating charges | 640/8 | €2,441 | €3,032 | +€590 | +24.2% |
| Gross operating margin | 9900 | €158,937 | €111,937 | -€46,999 | -29.6% |
| Operating profit (loss) | 9901 | €110,910 | €56,188 | -€54,722 | -49.3% |
| Financial income | 75/76B | €383 | €4,985 | +€4,602 | +1,203% |
| Recurring financial income | 75 | €383 | €4,985 | +€4,602 | +1,203% |
| Financial charges | 65/66B | €5,748 | €3,527 | -€2,222 | -38.6% |
| Recurring financial charges | 65 | €5,748 | €3,527 | -€2,222 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €105,544 | €57,646 | -€47,898 | -45.4% |
| Income taxes | 67/77 | €29,418 | €15,506 | -€13,912 | -47.3% |
| Profit (loss) for the period | 9904 | €76,126 | €42,140 | -€33,986 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,126 | €42,140 | -€33,986 | -44.6% |
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 16 October 2026 via checked.be.