LES FACTEURS: 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.
LES FACTEURS
Largest movements
- Cash +€9,700
up €9,700 (+11.1%), from €87,451 to €97,151
mainly Other debts (+€56,084) and Net result for the year (+€29,956)
- Tangible fixed assets -€6,485
down €6,485 (-29.8%), from €21,774 to €15,289
of which Other tangible fixed assets: -€3,948
- Reserves -€62,371
down €62,371 (-38.3%), from €162,776 to €100,405
- Other debts +€56,084
up €56,084 (+158%), from €35,506 to €91,590
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts +€2,640
up €2,640 (+212%), from €1,244 to €3,885
of which Remuneration and social security: +€2,000
- Accrued charges and deferred income +€2,355
up €2,355 (+478%), from €493 to €2,847
- Gross operating margin +€5,430
up €5,430 (+13.7%), from €39,506 to €44,936
- Financial charges +€2,377
up €2,377 (+381%), from €625 to €3,001
- Financial income +€1,194
up €1,194 (+61.6%), from €1,938 to €3,132
- Taxes +€699
up €699 (+9.4%), from €7,473 to €8,171
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 | €213,074 | €217,513 | +€4,439 | +2.1% |
| Fixed assets | 21/28 | €21,774 | €15,289 | -€6,485 | -29.8% |
| Tangible fixed assets | 22/27 | €21,774 | €15,289 | -€6,485 | -29.8% |
| Furniture and vehicles | 24 | €4,963 | €2,426 | -€2,537 | -51.1% |
| Other tangible fixed assets | 26 | €16,812 | €12,864 | -€3,948 | -23.5% |
| Current assets | 29/58 | €191,300 | €202,224 | +€10,924 | +5.7% |
| Stocks and contracts in progress | 3 | €4,281 | €4,281 | = | 0.0% |
| Stocks | 30/36 | €4,281 | €4,281 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,166 | €30,356 | +€1,190 | +4.1% |
| Trade receivables | 40 | €26,057 | €27,588 | +€1,531 | +5.9% |
| Other amounts receivable | 41 | €3,109 | €2,768 | -€340 | -10.9% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,451 | €97,151 | +€9,700 | +11.1% |
| Deferred charges and accrued income | 490/1 | €402 | €436 | +€34 | +8.3% |
| Total equity and liabilities | 10/49 | €213,074 | €217,513 | +€4,439 | +2.1% |
| Equity | 10/15 | €175,176 | €119,005 | -€56,171 | -32.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €162,776 | €100,405 | -€62,371 | -38.3% |
| Distributable reserves | 133 | €162,776 | €100,405 | -€62,371 | -38.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,899 | €98,508 | +€60,609 | +160% |
| Amounts payable within one year | 42/48 | €37,406 | €95,661 | +€58,255 | +156% |
| Trade debts | 44 | €656 | €186 | -€470 | -71.6% |
| Suppliers | 440/4 | €656 | €186 | -€470 | -71.6% |
| Taxes, remuneration and social security | 45 | €1,244 | €3,885 | +€2,640 | +212% |
| Taxes | 450/3 | €1,244 | €1,885 | +€640 | +51.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €35,506 | €91,590 | +€56,084 | +158% |
| Accrued charges and deferred income | 492/3 | €493 | €2,847 | +€2,355 | +478% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,762 | €6,485 | -€277 | -4.1% |
| Other operating charges | 640/8 | €446 | €455 | +€9 | +2.0% |
| Gross operating margin | 9900 | €39,506 | €44,936 | +€5,430 | +13.7% |
| Operating profit (loss) | 9901 | €32,298 | €37,996 | +€5,699 | +17.6% |
| Financial income | 75/76B | €1,938 | €3,132 | +€1,194 | +61.6% |
| Recurring financial income | 75 | €1,938 | €3,132 | +€1,194 | +61.6% |
| Financial charges | 65/66B | €625 | €3,001 | +€2,377 | +381% |
| Recurring financial charges | 65 | €625 | €3,001 | +€2,377 | +381% |
| Profit (loss) for the period before taxes | 9903 | €33,611 | €38,127 | +€4,516 | +13.4% |
| Income taxes | 67/77 | €7,473 | €8,171 | +€699 | +9.4% |
| Profit (loss) for the period | 9904 | €26,139 | €29,956 | +€3,818 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,139 | €29,956 | +€3,818 | +14.6% |
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 31 October 2026 via checked.be.