NOVEDAD: 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.
NOVEDAD
Largest movements
- Cash -€15,374
down €15,374 (-12.2%), from €125,931 to €110,557
mainly Net result for the year (-€22,372) and Investment in fixed assets (net) (-€9,088)
- Tangible fixed assets -€12,616
down €12,616 (-3.7%), from €344,635 to €332,019
of which Land and buildings: -€16,543
- Profit (loss) carried forward -€22,372
down €22,372 (-7.3%), from -€308,487 to -€330,859
- Gross operating margin -€12,151
down €12,151, from €11,021 to -€1,130
- Financial income +€2,333
up €2,333 (+301.6%), from €773 to €3,106
- Depreciation +€470
up €470 (+2.2%), from €21,233 to €21,704
- Other operating charges +€211
up €211 (+9.0%), from €2,331 to €2,542
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 | €832,276 | €798,862 | -€33,414 | -4.0% |
| Fixed assets | 21/28 | €640,241 | €627,625 | -€12,616 | -2.0% |
| Tangible fixed assets | 22/27 | €344,635 | €332,019 | -€12,616 | -3.7% |
| Land and buildings | 22 | €341,394 | €324,852 | -€16,543 | -4.8% |
| Plant, machinery and equipment | 23 | €2,624 | €6,750 | +€4,127 | +157.3% |
| Furniture and vehicles | 24 | €617 | €417 | -€200 | -32.4% |
| Financial fixed assets | 28 | €295,606 | €295,606 | = | 0.0% |
| Current assets | 29/58 | €192,035 | €171,238 | -€20,798 | -10.8% |
| Amounts receivable after more than one year | 29 | €14,830 | €12,398 | -€2,431 | -16.4% |
| Trade receivables | 290 | €14,830 | €12,398 | -€2,431 | -16.4% |
| Amounts receivable within one year | 40/41 | €51,274 | €48,282 | -€2,993 | -5.8% |
| Trade receivables | 40 | €22,185 | €18,842 | -€3,343 | -15.1% |
| Other amounts receivable | 41 | €29,090 | €29,440 | +€350 | +1.2% |
| Cash at bank and in hand | 54/58 | €125,931 | €110,557 | -€15,374 | -12.2% |
| Total equity and liabilities | 10/49 | €832,276 | €798,862 | -€33,414 | -4.0% |
| Equity | 10/15 | -€229,654 | -€252,026 | -€22,372 | -9.7% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €14,833 | €14,833 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €8,433 | €8,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,487 | -€330,859 | -€22,372 | -7.3% |
| Amounts payable | 17/49 | €1,061,930 | €1,050,889 | -€11,041 | -1.0% |
| Amounts payable within one year | 42/48 | €1,061,930 | €1,050,889 | -€11,041 | -1.0% |
| Financial debts | 43 | €256 | €39 | -€217 | -84.8% |
| Credit institutions | 430/8 | €256 | €39 | -€217 | -84.8% |
| Trade debts | 44 | €2,959 | €34 | -€2,925 | -98.9% |
| Suppliers | 440/4 | €2,959 | €34 | -€2,925 | -98.9% |
| Other amounts payable | 47/48 | €1,058,716 | €1,050,816 | -€7,900 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,233 | €21,704 | +€470 | +2.2% |
| Other operating charges | 640/8 | €2,331 | €2,542 | +€211 | +9.0% |
| Gross operating margin | 9900 | €11,021 | -€1,130 | -€12,151 | |
| Operating profit (loss) | 9901 | -€12,544 | -€25,376 | -€12,832 | -102.3% |
| Financial income | 75/76B | €773 | €3,106 | +€2,333 | +301.6% |
| Recurring financial income | 75 | €773 | €3,106 | +€2,333 | +301.6% |
| Financial charges | 65/66B | €50 | €103 | +€53 | +106.4% |
| Recurring financial charges | 65 | €50 | €103 | +€53 | +106.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,820 | -€22,372 | -€10,552 | -89.3% |
| Profit (loss) for the period | 9904 | -€11,820 | -€22,372 | -€10,552 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,820 | -€22,372 | -€10,552 | -89.3% |
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 4 October 2026 via checked.be.