MANAGEMENT FOR ALL: 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.
MANAGEMENT FOR ALL
Largest movements
- Tangible fixed assets +€15,690
up €15,690 (+162%), from €9,708 to €25,398
- Other debts +€22,441
up €22,441 (+98.6%), from €22,760 to €45,202
- Profit (loss) carried forward -€7,888
down €7,888 (-40.7%), from -€19,370 to -€27,258
- Tax, wage and social debts +€749
up €749 (+1,734%), from €43 to €792
- Gross operating margin +€7,348
up €7,348 (+57.1%), from -€12,867 to -€5,520
- Depreciation +€490
up €490 (+32.7%), from €1,500 to €1,990
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 | €11,614 | €26,916 | +€15,302 | +132% |
| Fixed assets | 21/28 | €9,708 | €25,398 | +€15,690 | +162% |
| Tangible fixed assets | 22/27 | €9,708 | €25,398 | +€15,690 | +162% |
| Land and buildings | 22 | €9,708 | €25,398 | +€15,690 | +162% |
| Current assets | 29/58 | €1,906 | €1,518 | -€388 | -20.4% |
| Amounts receivable after more than one year | 29 | €177 | - | -€177 | |
| Other amounts receivable | 291 | €177 | - | -€177 | |
| Cash at bank and in hand | 54/58 | €1,729 | €1,518 | -€211 | -12.2% |
| Total equity and liabilities | 10/49 | €11,614 | €26,916 | +€15,302 | +132% |
| Equity | 10/15 | -€11,190 | -€19,078 | -€7,888 | -70.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,980 | €1,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,980 | €1,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,980 | €1,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,370 | -€27,258 | -€7,888 | -40.7% |
| Amounts payable | 17/49 | €22,804 | €45,994 | +€23,190 | +102% |
| Amounts payable within one year | 42/48 | €22,804 | €45,994 | +€23,190 | +102% |
| Taxes, remuneration and social security | 45 | €43 | €792 | +€749 | +1,734% |
| Taxes | 450/3 | €43 | €792 | +€749 | +1,734% |
| Other amounts payable | 47/48 | €22,760 | €45,202 | +€22,441 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,990 | +€490 | +32.7% |
| Other operating charges | 640/8 | €160 | €230 | +€70 | +43.7% |
| Gross operating margin | 9900 | -€12,867 | -€5,520 | +€7,348 | +57.1% |
| Operating profit (loss) | 9901 | -€14,527 | -€7,740 | +€6,788 | +46.7% |
| Financial charges | 65/66B | €148 | €148 | +€0 | +0.1% |
| Recurring financial charges | 65 | €148 | €148 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,675 | -€7,888 | +€6,788 | +46.3% |
| Profit (loss) for the period | 9904 | -€14,675 | -€7,888 | +€6,788 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,675 | -€7,888 | +€6,788 | +46.3% |
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 24 October 2026 via checked.be.