MAIN ROAD: 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.
MAIN ROAD
Largest movements
- Current investments +€246,354
up €246,354 (+27.1%), from €909,445 to €1.2m
- Cash -€119,940
down €119,940 (-87.0%), from €137,906 to €17,966
mainly Current investments (-€246,354) and Tax, wage and social debts (-€5,924)
- Tangible fixed assets -€31,516
down €31,516 (-35.8%), from €88,116 to €56,601
of which Furniture and vehicles: -€29,062
- Reserves +€90,979
up €90,979 (+13.0%), from €699,433 to €790,412
of which Distributable reserves: +€90,979
- Other debts +€14,835
up €14,835 (+3.7%), from €400,692 to €415,527
- Financial income +€33,999
up €33,999 (+10241.6%), from €332 to €34,331
- Gross operating margin -€22,726
down €22,726 (-11.9%), from €190,410 to €167,684
- Depreciation +€8,404
up €8,404 (+31.0%), from €27,067 to €35,471
- Taxes +€4,671
up €4,671 (+11.8%), from €39,426 to €44,097
- Financial charges +€4,130
up €4,130 (+15.5%), from €26,708 to €30,839
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 | €1,168,493 | €1,264,168 | +€95,675 | +8.2% |
| Fixed assets | 21/28 | €88,116 | €56,601 | -€31,516 | -35.8% |
| Tangible fixed assets | 22/27 | €88,116 | €56,601 | -€31,516 | -35.8% |
| Land and buildings | 22 | €10,906 | €8,922 | -€1,984 | -18.2% |
| Furniture and vehicles | 24 | €75,370 | €46,308 | -€29,062 | -38.6% |
| Other tangible fixed assets | 26 | €1,840 | €1,371 | -€469 | -25.5% |
| Current assets | 29/58 | €1,080,376 | €1,207,567 | +€127,191 | +11.8% |
| Amounts receivable within one year | 40/41 | €33,026 | €33,803 | +€777 | +2.4% |
| Trade receivables | 40 | €33,026 | €22,709 | -€10,317 | -31.2% |
| Other amounts receivable | 41 | - | €11,094 | +€11,094 | |
| Current investments | 50/53 | €909,445 | €1,155,799 | +€246,354 | +27.1% |
| Cash at bank and in hand | 54/58 | €137,906 | €17,966 | -€119,940 | -87.0% |
| Total equity and liabilities | 10/49 | €1,168,493 | €1,264,168 | +€95,675 | +8.2% |
| Equity | 10/15 | €742,833 | €833,812 | +€90,979 | +12.2% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €699,433 | €790,412 | +€90,979 | +13.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €699,433 | €790,412 | +€90,979 | +13.0% |
| Amounts payable | 17/49 | €425,660 | €430,356 | +€4,696 | +1.1% |
| Amounts payable within one year | 42/48 | €425,660 | €430,356 | +€4,696 | +1.1% |
| Trade debts | 44 | €4,215 | €0 | -€4,215 | -100.0% |
| Suppliers | 440/4 | €4,215 | €0 | -€4,215 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,753 | €14,829 | -€5,924 | -28.5% |
| Taxes | 450/3 | €20,753 | €14,829 | -€5,924 | -28.5% |
| Other amounts payable | 47/48 | €400,692 | €415,527 | +€14,835 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,067 | €35,471 | +€8,404 | +31.0% |
| Other operating charges | 640/8 | €882 | €629 | -€253 | -28.7% |
| Gross operating margin | 9900 | €190,410 | €167,684 | -€22,726 | -11.9% |
| Operating profit (loss) | 9901 | €162,461 | €131,584 | -€30,877 | -19.0% |
| Financial income | 75/76B | €332 | €34,331 | +€33,999 | +10241.6% |
| Recurring financial income | 75 | €332 | €34,331 | +€33,999 | +10241.6% |
| Financial charges | 65/66B | €26,708 | €30,839 | +€4,130 | +15.5% |
| Recurring financial charges | 65 | €26,708 | €30,839 | +€4,130 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €136,085 | €135,076 | -€1,008 | -0.7% |
| Income taxes | 67/77 | €39,426 | €44,097 | +€4,671 | +11.8% |
| Profit (loss) for the period | 9904 | €96,659 | €90,979 | -€5,680 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,659 | €90,979 | -€5,680 | -5.9% |
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 5 October 2026 via checked.be.