LE CHOIX: 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.
LE CHOIX
Largest movements
- Cash +€1,038
up €1,038 (+2.7%), from €38,840 to €39,879
mainly Net result for the year (+€6,314) and Depreciation (+€285)
- Reserves +€3,386
up €3,386 (+16.1%), from €21,074 to €24,460
of which Distributable reserves: +€3,600
- Other debts -€1,067
down €1,067 (-26.7%), from €3,995 to €2,928
- Depreciation -€661
down €661 (-69.9%), from €946 to €285
- Gross operating margin -€634
down €634 (-5.2%), from €12,209 to €11,575
- Taxes -€239
down €239 (-7.4%), from €3,209 to €2,970
- Financial income +€143
up €143 (+128%), from €112 to €254
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 | €78,372 | €79,930 | +€1,558 | +2.0% |
| Fixed assets | 21/28 | €39,527 | €39,243 | -€285 | -0.7% |
| Tangible fixed assets | 22/27 | €39,527 | €39,243 | -€285 | -0.7% |
| Land and buildings | 22 | €39,527 | €39,243 | -€285 | -0.7% |
| Current assets | 29/58 | €38,845 | €40,687 | +€1,843 | +4.7% |
| Amounts receivable within one year | 40/41 | - | €530 | +€530 | |
| Other amounts receivable | 41 | - | €530 | +€530 | |
| Cash at bank and in hand | 54/58 | €38,840 | €39,879 | +€1,038 | +2.7% |
| Deferred charges and accrued income | 490/1 | €4 | €279 | +€274 | +6,278% |
| Total equity and liabilities | 10/49 | €78,372 | €79,930 | +€1,558 | +2.0% |
| Equity | 10/15 | €71,010 | €74,396 | +€3,386 | +4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €21,074 | €24,460 | +€3,386 | +16.1% |
| Tax-exempt reserves | 132 | €2,019 | €1,806 | -€214 | -10.6% |
| Distributable reserves | 133 | €19,055 | €22,655 | +€3,600 | +18.9% |
| Profit (loss) carried forward | 14 | €24,935 | €24,935 | = | 0.0% |
| Provisions and deferred taxes | 16 | €673 | €602 | -€71 | -10.6% |
| Deferred taxes | 168 | €673 | €602 | -€71 | -10.6% |
| Amounts payable | 17/49 | €6,689 | €4,932 | -€1,757 | -26.3% |
| Amounts payable within one year | 42/48 | €4,786 | €3,016 | -€1,770 | -37.0% |
| Trade debts | 44 | €82 | €88 | +€6 | +7.3% |
| Suppliers | 440/4 | €82 | €88 | +€6 | +7.3% |
| Taxes, remuneration and social security | 45 | €709 | - | -€709 | |
| Taxes | 450/3 | €709 | - | -€709 | |
| Other amounts payable | 47/48 | €3,995 | €2,928 | -€1,067 | -26.7% |
| Accrued charges and deferred income | 492/3 | €1,904 | €1,916 | +€12 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €946 | €285 | -€661 | -69.9% |
| Other operating charges | 640/8 | €2,172 | €2,286 | +€114 | +5.2% |
| Gross operating margin | 9900 | €12,209 | €11,575 | -€634 | -5.2% |
| Operating profit (loss) | 9901 | €9,091 | €9,004 | -€87 | -1.0% |
| Financial income | 75/76B | €112 | €254 | +€143 | +128% |
| Recurring financial income | 75 | €112 | €254 | +€143 | +128% |
| Financial charges | 65/66B | €45 | €45 | +€0 | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €9,158 | €9,213 | +€55 | +0.6% |
| Transfer from deferred taxes | 780 | €236 | €71 | -€165 | -69.9% |
| Income taxes | 67/77 | €3,209 | €2,970 | -€239 | -7.4% |
| Profit (loss) for the period | 9904 | €6,185 | €6,314 | +€129 | +2.1% |
| Transfer from tax-exempt reserves | 789 | €709 | €214 | -€495 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,894 | €6,528 | -€367 | -5.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.