Lei 27: 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.
Lei 27
Largest movements
- Tangible fixed assets -€673,103
down €673,103 (-19.6%), from €3.4m to €2.8m
of which Land and buildings: -€667,996
- Receivables within one year +€35,679
up €35,679 (+309.8%), from €11,517 to €47,196
of which Other amounts receivable: +€46,898
- Short-term financial debts -€549,999
down €549,999 (-100.0%), from €550,000 to €1
- Debts after one year +€364,628
up €364,628 (+16.5%), from €2.2m to €2.6m
of which Financial debts: +€367,858
- Other debts -€332,745
down €332,745 (-52.6%), from €632,478 to €299,733
- Profit (loss) carried forward -€217,518
down €217,518 (-246.1%), from -€88,403 to -€305,921
- Current portion of long-term debt +€48,863
up €48,863 (+46.9%), from €104,139 to €153,002
- Depreciation -€98,385
down €98,385 (-29.8%), from €329,647 to €231,262
- Financial income -€7,655
down €7,655 (-97.3%), from €7,870 to €215
- Taxes -€7,083
down €7,083 (-97.8%), from €7,241 to €158
- Other operating charges +€4,711
up €4,711 (+21.8%), from €21,588 to €26,299
- Gross operating margin +€3,517
up €3,517 (+3.5%), from €99,337 to €102,854
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 | €3,551,272 | €2,882,565 | -€668,707 | -18.8% |
| Fixed assets | 21/28 | €3,436,550 | €2,763,446 | -€673,103 | -19.6% |
| Tangible fixed assets | 22/27 | €3,436,550 | €2,763,446 | -€673,103 | -19.6% |
| Land and buildings | 22 | €3,420,386 | €2,752,390 | -€667,996 | -19.5% |
| Plant, machinery and equipment | 23 | €780 | €509 | -€271 | -34.8% |
| Furniture and vehicles | 24 | €15,384 | €10,548 | -€4,836 | -31.4% |
| Current assets | 29/58 | €114,722 | €119,119 | +€4,397 | +3.8% |
| Amounts receivable within one year | 40/41 | €11,517 | €47,196 | +€35,679 | +309.8% |
| Trade receivables | 40 | €11,218 | €0 | -€11,218 | -100.0% |
| Other amounts receivable | 41 | €298 | €47,196 | +€46,898 | +15725.4% |
| Cash at bank and in hand | 54/58 | €101,954 | €68,081 | -€33,873 | -33.2% |
| Deferred charges and accrued income | 490/1 | €1,252 | €3,842 | +€2,590 | +206.9% |
| Total equity and liabilities | 10/49 | €3,551,272 | €2,882,565 | -€668,707 | -18.8% |
| Equity | 10/15 | €20,232 | -€197,286 | -€217,518 | |
| Contributions | 10/11 | €67,650 | €67,650 | = | 0.0% |
| Reserves | 13 | €40,985 | €40,985 | = | 0.0% |
| Distributable reserves | 133 | €40,985 | €40,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,403 | -€305,921 | -€217,518 | -246.1% |
| Amounts payable | 17/49 | €3,531,040 | €3,079,851 | -€451,189 | -12.8% |
| Amounts payable after more than one year | 17 | €2,208,753 | €2,573,380 | +€364,628 | +16.5% |
| Financial debts | 170/4 | €2,167,103 | €2,534,960 | +€367,858 | +17.0% |
| Other amounts payable | 178/9 | €41,650 | €38,420 | -€3,230 | -7.8% |
| Amounts payable within one year | 42/48 | €1,310,934 | €492,921 | -€818,013 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €104,139 | €153,002 | +€48,863 | +46.9% |
| Financial debts | 43 | €550,000 | €1 | -€549,999 | -100.0% |
| Credit institutions | 430/8 | €550,000 | €1 | -€549,999 | -100.0% |
| Trade debts | 44 | €22,750 | €40,085 | +€17,335 | +76.2% |
| Suppliers | 440/4 | €22,750 | €40,085 | +€17,335 | +76.2% |
| Taxes, remuneration and social security | 45 | €1,567 | €99 | -€1,468 | -93.7% |
| Taxes | 450/3 | €1,567 | €99 | -€1,468 | -93.7% |
| Other amounts payable | 47/48 | €632,478 | €299,733 | -€332,745 | -52.6% |
| Accrued charges and deferred income | 492/3 | €11,353 | €13,550 | +€2,197 | +19.3% |
| Non-recurring operating income | 76A | €35,681 | €70,929 | +€35,248 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,647 | €231,262 | -€98,385 | -29.8% |
| Other operating charges | 640/8 | €21,588 | €26,299 | +€4,711 | +21.8% |
| Non-recurring operating charges | 66A | €15,154 | €0 | -€15,154 | -100.0% |
| Gross operating margin | 9900 | €99,337 | €102,854 | +€3,517 | +3.5% |
| Operating profit (loss) | 9901 | -€267,052 | -€154,706 | +€112,345 | +42.1% |
| Financial income | 75/76B | €7,870 | €215 | -€7,655 | -97.3% |
| Recurring financial income | 75 | €7,870 | €215 | -€7,655 | -97.3% |
| Financial charges | 65/66B | €59,533 | €62,868 | +€3,335 | +5.6% |
| Recurring financial charges | 65 | €59,533 | €62,868 | +€3,335 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€318,715 | -€217,360 | +€101,355 | +31.8% |
| Transfer from deferred taxes | 780 | €6,805 | €0 | -€6,805 | -100.0% |
| Income taxes | 67/77 | €7,241 | €158 | -€7,083 | -97.8% |
| Profit (loss) for the period | 9904 | -€319,151 | -€217,518 | +€101,633 | +31.8% |
| Transfer from tax-exempt reserves | 789 | €20,415 | €0 | -€20,415 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€298,736 | -€217,518 | +€81,219 | +27.2% |
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 10 October 2026 via checked.be.