MISSION: 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.
MISSION
Largest movements
- Receivables after one year -€91,258
down €91,258 (-7.8%), from €1.2m to €1.1m
- Cash +€52,096
up €52,096 (+101.4%), from €51,365 to €103,461
mainly Depreciation (+€149,918) and Receivables after one year (+€91,258)
- Tangible fixed assets -€46,702
down €46,702 (-2.8%), from €1.7m to €1.6m
of which Land and buildings: -€46,702
- Debts after one year -€220,803
down €220,803 (-14.2%), from €1.6m to €1.3m
- Trade debts +€88,291
up €88,291 (+299.0%), from €29,524 to €117,815
- Current portion of long-term debt +€80,795
up €80,795 (+57.7%), from €140,009 to €220,803
- Reserves +€48,125
up €48,125 (+3.7%), from €1.3m to €1.3m
of which Distributable reserves: +€48,125
- Other debts -€40,000
down €40,000 (-38.1%), from €105,000 to €65,000
- Gross operating margin -€105,034
down €105,034 (-29.3%), from €358,284 to €253,249
- Taxes -€25,090
down €25,090 (-83.3%), from €30,113 to €5,022
- Financial charges +€15,642
up €15,642 (+61.9%), from €25,262 to €40,904
- Financial income +€12,787
up €12,787 (+105.1%), from €12,169 to €24,955
- Depreciation +€10,185
up €10,185 (+7.3%), from €139,733 to €149,918
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 | €3,183,951 | €3,115,667 | -€68,284 | -2.1% |
| Fixed assets | 21/28 | €1,696,136 | €1,649,434 | -€46,702 | -2.8% |
| Tangible fixed assets | 22/27 | €1,696,062 | €1,649,360 | -€46,702 | -2.8% |
| Land and buildings | 22 | €1,696,062 | €1,649,360 | -€46,702 | -2.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,487,814 | €1,466,233 | -€21,582 | -1.5% |
| Amounts receivable after more than one year | 29 | €1,174,175 | €1,082,916 | -€91,258 | -7.8% |
| Other amounts receivable | 291 | €1,174,175 | €1,082,916 | -€91,258 | -7.8% |
| Amounts receivable within one year | 40/41 | €262,275 | €267,980 | +€5,705 | +2.2% |
| Trade receivables | 40 | €131,243 | €127,563 | -€3,680 | -2.8% |
| Other amounts receivable | 41 | €131,032 | €140,418 | +€9,386 | +7.2% |
| Cash at bank and in hand | 54/58 | €51,365 | €103,461 | +€52,096 | +101.4% |
| Deferred charges and accrued income | 490/1 | - | €11,875 | +€11,875 | |
| Total equity and liabilities | 10/49 | €3,183,951 | €3,115,667 | -€68,284 | -2.1% |
| Equity | 10/15 | €1,314,605 | €1,358,050 | +€43,445 | +3.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,285,875 | €1,334,000 | +€48,125 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €1,271,875 | €1,320,000 | +€48,125 | +3.8% |
| Profit (loss) carried forward | 14 | €9,137 | €4,941 | -€4,196 | -45.9% |
| Investment grants | 15 | €843 | €359 | -€483 | -57.3% |
| Provisions and deferred taxes | 16 | €434 | €185 | -€249 | -57.3% |
| Deferred taxes | 168 | €434 | €185 | -€249 | -57.3% |
| Amounts payable | 17/49 | €1,868,912 | €1,757,432 | -€111,481 | -6.0% |
| Amounts payable after more than one year | 17 | €1,557,263 | €1,336,460 | -€220,803 | -14.2% |
| Financial debts | 170/4 | €1,557,263 | €1,336,460 | -€220,803 | -14.2% |
| Amounts payable within one year | 42/48 | €311,649 | €420,972 | +€109,323 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €140,009 | €220,803 | +€80,795 | +57.7% |
| Financial debts | 43 | €20,919 | €12,544 | -€8,375 | -40.0% |
| Credit institutions | 430/8 | €20,919 | €12,544 | -€8,375 | -40.0% |
| Trade debts | 44 | €29,524 | €117,815 | +€88,291 | +299.0% |
| Suppliers | 440/4 | €29,524 | €117,815 | +€88,291 | +299.0% |
| Taxes, remuneration and social security | 45 | €16,198 | €4,810 | -€11,388 | -70.3% |
| Taxes | 450/3 | €16,198 | €4,810 | -€11,388 | -70.3% |
| Other amounts payable | 47/48 | €105,000 | €65,000 | -€40,000 | -38.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,733 | €149,918 | +€10,185 | +7.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €14,007 | €8,680 | -€5,328 | -38.0% |
| Gross operating margin | 9900 | €358,284 | €253,249 | -€105,034 | -29.3% |
| Operating profit (loss) | 9901 | €204,543 | €94,651 | -€109,892 | -53.7% |
| Financial income | 75/76B | €12,169 | €24,955 | +€12,787 | +105.1% |
| Recurring financial income | 75 | €12,169 | €24,955 | +€12,787 | +105.1% |
| Financial charges | 65/66B | €25,262 | €40,904 | +€15,642 | +61.9% |
| Recurring financial charges | 65 | €25,262 | €40,904 | +€15,642 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €191,449 | €78,702 | -€112,747 | -58.9% |
| Transfer from deferred taxes | 780 | €249 | €249 | -€0 | 0.0% |
| Income taxes | 67/77 | €30,113 | €5,022 | -€25,090 | -83.3% |
| Profit (loss) for the period | 9904 | €161,585 | €73,929 | -€87,657 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €161,585 | €73,929 | -€87,657 | -54.2% |
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.