LEXICON: 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.
LEXICON
Largest movements
- Cash -€58,096
down €58,096 (-16.6%), from €349,313 to €291,218
mainly Contributions, distributions and other (-€137,692) and Trade debts (-€66,580)
- Receivables within one year -€40,162
down €40,162 (-17.5%), from €229,411 to €189,250
of which Trade receivables: -€39,770
- Deferred charges and accrued income -€28,680
down €28,680 (-4.0%), from €712,500 to €683,820
- Contributions -€87,692
down €87,692 (-92.0%), from €95,297 to €7,605
- Trade debts -€66,580
down €66,580 (-38.4%), from €173,382 to €106,802
- Reserves +€40,751
up €40,751 (+23.5%), from €173,526 to €214,277
of which Distributable reserves: +€40,751
- Other debts +€37,300
up €37,300 (+30.0%), from €124,389 to €161,689
- Debts after one year -€30,000
down €30,000 (-4.4%), from €682,500 to €652,500
- Gross operating margin -€77,902
down €77,902 (-18.8%), from €415,197 to €337,295
- Staff costs -€23,688
down €23,688 (-10.2%), from €232,335 to €208,647
- Depreciation +€10,467
up €10,467 (+74.8%), from €13,989 to €24,456
- Financial income +€10,095
up €10,095 (+130.0%), from €7,763 to €17,858
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 | €1,355,251 | €1,236,723 | -€118,527 | -8.7% |
| Fixed assets | 21/28 | €62,708 | €71,118 | +€8,409 | +13.4% |
| Tangible fixed assets | 22/27 | €62,708 | €71,118 | +€8,409 | +13.4% |
| Land and buildings | 22 | €53,731 | €40,741 | -€12,990 | -24.2% |
| Furniture and vehicles | 24 | €8,977 | €30,377 | +€21,400 | +238.4% |
| Current assets | 29/58 | €1,292,543 | €1,165,606 | -€126,937 | -9.8% |
| Amounts receivable within one year | 40/41 | €229,411 | €189,250 | -€40,162 | -17.5% |
| Trade receivables | 40 | €227,006 | €187,236 | -€39,770 | -17.5% |
| Other amounts receivable | 41 | €2,406 | €2,014 | -€392 | -16.3% |
| Current investments | 50/53 | €1,318 | €1,318 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €349,313 | €291,218 | -€58,096 | -16.6% |
| Deferred charges and accrued income | 490/1 | €712,500 | €683,820 | -€28,680 | -4.0% |
| Total equity and liabilities | 10/49 | €1,355,251 | €1,236,723 | -€118,527 | -8.7% |
| Equity | 10/15 | €268,823 | €221,882 | -€46,941 | -17.5% |
| Contributions | 10/11 | €95,297 | €7,605 | -€87,692 | -92.0% |
| Reserves | 13 | €173,526 | €214,277 | +€40,751 | +23.5% |
| Non-distributable reserves | 130/1 | €10,769 | €10,769 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,769 | €10,769 | = | 0.0% |
| Distributable reserves | 133 | €162,756 | €203,508 | +€40,751 | +25.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,086,428 | €1,014,841 | -€71,587 | -6.6% |
| Amounts payable after more than one year | 17 | €682,500 | €652,500 | -€30,000 | -4.4% |
| Financial debts | 170/4 | €682,500 | €652,500 | -€30,000 | -4.4% |
| Amounts payable within one year | 42/48 | €403,907 | €362,320 | -€41,587 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €173,382 | €106,802 | -€66,580 | -38.4% |
| Suppliers | 440/4 | €173,382 | €106,802 | -€66,580 | -38.4% |
| Taxes, remuneration and social security | 45 | €76,135 | €63,829 | -€12,307 | -16.2% |
| Taxes | 450/3 | €50,750 | €34,029 | -€16,721 | -32.9% |
| Remuneration and social security | 454/9 | €25,385 | €29,800 | +€4,414 | +17.4% |
| Other amounts payable | 47/48 | €124,389 | €161,689 | +€37,300 | +30.0% |
| Accrued charges and deferred income | 492/3 | €21 | €21 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €232,335 | €208,647 | -€23,688 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,989 | €24,456 | +€10,467 | +74.8% |
| Other operating charges | 640/8 | €2,766 | €3,333 | +€567 | +20.5% |
| Gross operating margin | 9900 | €415,197 | €337,295 | -€77,902 | -18.8% |
| Operating profit (loss) | 9901 | €166,106 | €100,858 | -€65,248 | -39.3% |
| Financial income | 75/76B | €7,763 | €17,858 | +€10,095 | +130.0% |
| Recurring financial income | 75 | €7,763 | €17,858 | +€10,095 | +130.0% |
| Financial charges | 65/66B | €765 | €993 | +€228 | +29.8% |
| Recurring financial charges | 65 | €765 | €993 | +€228 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €173,105 | €117,724 | -€55,381 | -32.0% |
| Income taxes | 67/77 | €24,163 | €26,973 | +€2,810 | +11.6% |
| Profit (loss) for the period | 9904 | €148,942 | €90,751 | -€58,191 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €148,942 | €90,751 | -€58,191 | -39.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.