MOVED: 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.
MOVED
Largest movements
- Tangible fixed assets -€858,714
down €858,714 (-100%), from €858,714 to €0
of which Land and buildings: -€836,585
- Receivables within one year +€45,707
up €45,707 (+44.4%), from €102,853 to €148,560
of which Trade receivables: +€24,747
- Cash -€37,484
down €37,484 (-26.0%), from €143,931 to €106,448
mainly Debts after one year (-€454,432) and Other debts (-€381,350)
- Debts after one year -€454,432
down €454,432 (-82.7%), from €549,221 to €94,789
- Other debts -€381,350
down €381,350 (-100%), from €381,350 to €0
- Profit (loss) carried forward +€71,010
up €71,010, from -€47,338 to €23,672
- Current portion of long-term debt -€42,814
down €42,814 (-59.4%), from €72,053 to €29,239
- Revaluation surpluses -€25,000
down €25,000 (-100%), from €25,000 to €0
- Gross operating margin +€73,856
up €73,856 (+218%), from €33,919 to €107,775
- Depreciation -€70,070
down €70,070 (-100%), from €70,070 to €0
- Other operating charges +€11,542
up €11,542 (+241%), from €4,783 to €16,325
- Staff costs +€4,626
up €4,626, from -€3,995 to €631
- Financial charges +€1,774
up €1,774 (+9.8%), from €18,036 to €19,810
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 | €1,124,922 | €271,508 | -€853,414 | -75.9% |
| Fixed assets | 21/28 | €875,214 | €16,500 | -€858,714 | -98.1% |
| Tangible fixed assets | 22/27 | €858,714 | €0 | -€858,714 | -100% |
| Land and buildings | 22 | €836,585 | €0 | -€836,585 | -100% |
| Plant, machinery and equipment | 23 | €796 | €0 | -€796 | -100% |
| Leasing and similar rights | 25 | €8,165 | €0 | -€8,165 | -100% |
| Other tangible fixed assets | 26 | €13,167 | €0 | -€13,167 | -100% |
| Financial fixed assets | 28 | €16,500 | €16,500 | = | 0.0% |
| Current assets | 29/58 | €249,708 | €255,008 | +€5,300 | +2.1% |
| Amounts receivable within one year | 40/41 | €102,853 | €148,560 | +€45,707 | +44.4% |
| Trade receivables | 40 | €102,853 | €127,600 | +€24,747 | +24.1% |
| Other amounts receivable | 41 | - | €20,960 | +€20,960 | |
| Cash at bank and in hand | 54/58 | €143,931 | €106,448 | -€37,484 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,924 | €0 | -€2,924 | -100% |
| Total equity and liabilities | 10/49 | €1,124,922 | €271,508 | -€853,414 | -75.9% |
| Equity | 10/15 | €100,748 | €146,758 | +€46,010 | +45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €25,000 | €0 | -€25,000 | -100% |
| Reserves | 13 | €104,486 | €104,486 | = | 0.0% |
| Distributable reserves | 133 | €104,486 | €104,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,338 | €23,672 | +€71,010 | |
| Amounts payable | 17/49 | €1,024,174 | €124,750 | -€899,424 | -87.8% |
| Amounts payable after more than one year | 17 | €549,221 | €94,789 | -€454,432 | -82.7% |
| Financial debts | 170/4 | €549,221 | €94,789 | -€454,432 | -82.7% |
| Amounts payable within one year | 42/48 | €474,953 | €29,961 | -€444,992 | -93.7% |
| Current portion of amounts payable after more than one year | 42 | €72,053 | €29,239 | -€42,814 | -59.4% |
| Trade debts | 44 | €13,065 | €722 | -€12,342 | -94.5% |
| Suppliers | 440/4 | €13,065 | €722 | -€12,342 | -94.5% |
| Taxes, remuneration and social security | 45 | €8,485 | €0 | -€8,485 | -100% |
| Taxes | 450/3 | €8,475 | €0 | -€8,475 | -100% |
| Remuneration and social security | 454/9 | €10 | €0 | -€10 | -100% |
| Other amounts payable | 47/48 | €381,350 | €0 | -€381,350 | -100% |
| Non-recurring operating income | 76A | - | €5,040 | +€5,040 | |
| Remuneration, social security and pensions | 62 | -€3,995 | €631 | +€4,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,070 | €0 | -€70,070 | -100% |
| Other operating charges | 640/8 | €4,783 | €16,325 | +€11,542 | +241% |
| Gross operating margin | 9900 | €33,919 | €107,775 | +€73,856 | +218% |
| Operating profit (loss) | 9901 | -€36,938 | €90,820 | +€127,758 | |
| Financial charges | 65/66B | €18,036 | €19,810 | +€1,774 | +9.8% |
| Recurring financial charges | 65 | €18,036 | €19,810 | +€1,774 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€54,974 | €71,010 | +€125,984 | |
| Profit (loss) for the period | 9904 | -€54,974 | €71,010 | +€125,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,974 | €71,010 | +€125,984 |
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 20 October 2026 via checked.be.