Insight & Vision: 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.
Insight & Vision
Largest movements
- Cash -€37,580
down €37,580 (-49.1%), from €76,587 to €39,007
mainly Contributions, distributions and other (-€36,199) and Receivables within one year (-€29,164)
- Receivables within one year +€29,164
up €29,164 (+165%), from €17,661 to €46,825
of which Trade receivables: +€30,094
- Current investments +€28,204
up €28,204 (+26.8%), from €105,311 to €133,514
- Other debts +€19,700
up €19,700 (+119%), from €16,500 to €36,200
- Gross operating margin +€16,806
up €16,806 (+40.0%), from €41,980 to €58,786
- Taxes +€5,118
up €5,118 (+38.1%), from €13,449 to €18,567
- Financial income +€1,747
up €1,747 (+466%), from €375 to €2,122
- Other operating charges -€755
down €755 (-79.6%), from €949 to €194
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 | €210,814 | €228,524 | +€17,710 | +8.4% |
| Fixed assets | 21/28 | €9,968 | €7,915 | -€2,054 | -20.6% |
| Tangible fixed assets | 22/27 | €8,768 | €6,715 | -€2,054 | -23.4% |
| Plant, machinery and equipment | 23 | €754 | €288 | -€466 | -61.9% |
| Furniture and vehicles | 24 | €3,039 | €2,105 | -€934 | -30.7% |
| Other tangible fixed assets | 26 | €4,976 | €4,322 | -€653 | -13.1% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €200,846 | €220,610 | +€19,764 | +9.8% |
| Amounts receivable within one year | 40/41 | €17,661 | €46,825 | +€29,164 | +165% |
| Trade receivables | 40 | €15,281 | €45,375 | +€30,094 | +197% |
| Other amounts receivable | 41 | €2,380 | €1,450 | -€929 | -39.1% |
| Current investments | 50/53 | €105,311 | €133,514 | +€28,204 | +26.8% |
| Cash at bank and in hand | 54/58 | €76,587 | €39,007 | -€37,580 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,287 | €1,263 | -€24 | -1.9% |
| Total equity and liabilities | 10/49 | €210,814 | €228,524 | +€17,710 | +8.4% |
| Equity | 10/15 | €181,730 | €183,199 | +€1,469 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,130 | €164,599 | +€1,469 | +0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €163,130 | €164,599 | +€1,469 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,084 | €45,326 | +€16,241 | +55.8% |
| Amounts payable within one year | 42/48 | €29,084 | €45,326 | +€16,241 | +55.8% |
| Financial debts | 43 | €1,974 | €0 | -€1,974 | -100% |
| Credit institutions | 430/8 | €1,974 | €0 | -€1,974 | -100% |
| Trade debts | 44 | €3,895 | €2,753 | -€1,141 | -29.3% |
| Suppliers | 440/4 | €3,895 | €2,753 | -€1,141 | -29.3% |
| Taxes, remuneration and social security | 45 | €6,716 | €6,372 | -€343 | -5.1% |
| Taxes | 450/3 | €6,716 | €6,372 | -€343 | -5.1% |
| Other amounts payable | 47/48 | €16,500 | €36,200 | +€19,700 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,009 | €2,054 | +€44 | +2.2% |
| Other operating charges | 640/8 | €949 | €194 | -€755 | -79.6% |
| Gross operating margin | 9900 | €41,980 | €58,786 | +€16,806 | +40.0% |
| Operating profit (loss) | 9901 | €39,022 | €56,538 | +€17,516 | +44.9% |
| Financial income | 75/76B | €375 | €2,122 | +€1,747 | +466% |
| Recurring financial income | 75 | €375 | €2,122 | +€1,747 | +466% |
| Financial charges | 65/66B | €1,890 | €2,426 | +€535 | +28.3% |
| Recurring financial charges | 65 | €1,890 | €2,426 | +€535 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €37,506 | €56,234 | +€18,728 | +49.9% |
| Income taxes | 67/77 | €13,449 | €18,567 | +€5,118 | +38.1% |
| Profit (loss) for the period | 9904 | €24,058 | €37,668 | +€13,610 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,058 | €37,668 | +€13,610 | +56.6% |
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.