IN TOUCH: 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.
IN TOUCH
Largest movements
- Cash +€923,680
up €923,680 (+1848.3%), from €49,975 to €973,654
mainly Net result for the year (+€809,986) and Provisions (+€304,273)
- Current investments +€286,760
up €286,760 (+327.8%), from €87,471 to €374,232
- Tangible fixed assets +€66,357
up €66,357 (+8.1%), from €822,357 to €888,713
of which Land and buildings: +€66,357
- Reserves +€912,819
up €912,819 (+454.7%), from €200,752 to €1.1m
of which Tax-exempt reserves: +€912,819
- Provisions +€304,273
up €304,273, from €0 to €304,273
of which Deferred taxes: +€304,273
- Debts after one year +€142,932
up €142,932 (+33.2%), from €430,451 to €573,383
- Profit (loss) carried forward -€102,833
down €102,833 (-32.8%), from €313,097 to €210,264
- Gross operating margin +€1.1m
up €1.1m (+14311.9%), from €7,923 to €1.1m
- Provisions +€51,007
up €51,007, from -€51,007 to €0
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 | €1,001,489 | €2,280,815 | +€1.3m | +127.7% |
| Fixed assets | 21/28 | €836,164 | €889,692 | +€53,528 | +6.4% |
| Tangible fixed assets | 22/27 | €822,357 | €888,713 | +€66,357 | +8.1% |
| Land and buildings | 22 | €820,357 | €886,713 | +€66,357 | +8.1% |
| Other tangible fixed assets | 26 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €13,807 | €979 | -€12,828 | -92.9% |
| Current assets | 29/58 | €165,325 | €1,391,123 | +€1.2m | +741.4% |
| Amounts receivable within one year | 40/41 | €23,490 | €39,501 | +€16,011 | +68.2% |
| Trade receivables | 40 | €0 | €2,516 | +€2,516 | |
| Other amounts receivable | 41 | €23,490 | €36,985 | +€13,495 | +57.4% |
| Current investments | 50/53 | €87,471 | €374,232 | +€286,760 | +327.8% |
| Cash at bank and in hand | 54/58 | €49,975 | €973,654 | +€923,680 | +1848.3% |
| Deferred charges and accrued income | 490/1 | €4,389 | €3,736 | -€653 | -14.9% |
| Total equity and liabilities | 10/49 | €1,001,489 | €2,280,815 | +€1.3m | +127.7% |
| Equity | 10/15 | €532,441 | €1,342,427 | +€809,986 | +152.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €200,752 | €1,113,571 | +€912,819 | +454.7% |
| Tax-exempt reserves | 132 | - | €912,819 | +€912,819 | |
| Distributable reserves | 133 | €200,752 | €200,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,097 | €210,264 | -€102,833 | -32.8% |
| Provisions and deferred taxes | 16 | €0 | €304,273 | +€304,273 | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Deferred taxes | 168 | - | €304,273 | +€304,273 | |
| Amounts payable | 17/49 | €469,048 | €634,115 | +€165,067 | +35.2% |
| Amounts payable after more than one year | 17 | €430,451 | €573,383 | +€142,932 | +33.2% |
| Financial debts | 170/4 | €430,451 | €573,383 | +€142,932 | +33.2% |
| Amounts payable within one year | 42/48 | €34,313 | €58,493 | +€24,181 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €19,952 | €41,964 | +€22,012 | +110.3% |
| Trade debts | 44 | €6,794 | €15,987 | +€9,193 | +135.3% |
| Suppliers | 440/4 | €6,794 | €15,987 | +€9,193 | +135.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,566 | €542 | -€7,024 | -92.8% |
| Accrued charges and deferred income | 492/3 | €4,284 | €2,239 | -€2,045 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,245 | €29,644 | -€10,602 | -26.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€51,007 | €0 | +€51,007 | |
| Other operating charges | 640/8 | €12,582 | €3,939 | -€8,643 | -68.7% |
| Gross operating margin | 9900 | €7,923 | €1,141,909 | +€1.1m | +14311.9% |
| Operating profit (loss) | 9901 | €6,103 | €1,108,326 | +€1.1m | +18060.2% |
| Financial income | 75/76B | €7,156 | €16,587 | +€9,431 | +131.8% |
| Recurring financial income | 75 | €7,156 | €16,587 | +€9,431 | +131.8% |
| Financial charges | 65/66B | €6,556 | €10,655 | +€4,098 | +62.5% |
| Recurring financial charges | 65 | €6,556 | €10,655 | +€4,098 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €6,703 | €1,114,259 | +€1.1m | +16522.9% |
| Transfer from deferred taxes | 780 | - | €1,520 | +€1,520 | |
| Transfer to deferred taxes | 680 | - | €305,793 | +€305,793 | |
| Income taxes | 67/77 | €1,515 | €0 | -€1,515 | -100.0% |
| Profit (loss) for the period | 9904 | €5,188 | €809,986 | +€804,798 | +15512.4% |
| Transfer from tax-exempt reserves | 789 | - | €4,560 | +€4,560 | |
| Transfer to tax-exempt reserves | 689 | - | €917,379 | +€917,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,188 | -€102,833 | -€108,021 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.