Nugget: 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.
Nugget
Largest movements
- Tangible fixed assets +€225,957
up €225,957 (+54.9%), from €411,787 to €637,744
of which Land and buildings: +€226,020
- Receivables within one year -€205,744
down €205,744 (-86.6%), from €237,604 to €31,860
of which Other amounts receivable: -€174,188
- Cash -€56,245
down €56,245 (-80.8%), from €69,607 to €13,362
mainly Investment in fixed assets (net) (-€296,985) and Tax, wage and social debts (-€42,546)
- Tax, wage and social debts -€42,546
down €42,546 (-88.1%), from €48,286 to €5,740
- Debts after one year -€32,492
down €32,492 (-9.5%), from €343,703 to €311,211
- Trade debts +€18,138
up €18,138, from €0 to €18,138
- Reserves +€18,113
up €18,113 (+7.0%), from €260,294 to €278,407
- Other debts +€11,663
up €11,663 (+22.8%), from €51,201 to €62,864
- Gross operating margin -€59,601
down €59,601 (-33.7%), from €176,641 to €117,040
- Depreciation +€41,127
up €41,127 (+137.5%), from €29,901 to €71,028
- Taxes -€22,172
down €22,172 (-73.8%), from €30,026 to €7,854
- Financial charges +€8,143
up €8,143 (+94.7%), from €8,598 to €16,741
- Other operating charges +€3,464
up €3,464 (+469.7%), from €738 to €4,202
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 | €742,268 | €713,852 | -€28,416 | -3.8% |
| Fixed assets | 21/28 | €411,787 | €637,744 | +€225,957 | +54.9% |
| Tangible fixed assets | 22/27 | €411,787 | €637,744 | +€225,957 | +54.9% |
| Land and buildings | 22 | €411,723 | €637,744 | +€226,020 | +54.9% |
| Plant, machinery and equipment | 23 | €63 | €0 | -€63 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €330,482 | €76,109 | -€254,373 | -77.0% |
| Amounts receivable within one year | 40/41 | €237,604 | €31,860 | -€205,744 | -86.6% |
| Trade receivables | 40 | €50,917 | €19,360 | -€31,557 | -62.0% |
| Other amounts receivable | 41 | €186,688 | €12,500 | -€174,188 | -93.3% |
| Current investments | 50/53 | €23,100 | €30,043 | +€6,943 | +30.1% |
| Cash at bank and in hand | 54/58 | €69,607 | €13,362 | -€56,245 | -80.8% |
| Deferred charges and accrued income | 490/1 | €171 | €844 | +€673 | +393.9% |
| Total equity and liabilities | 10/49 | €742,268 | €713,852 | -€28,416 | -3.8% |
| Equity | 10/15 | €265,294 | €283,407 | +€18,113 | +6.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €260,294 | €278,407 | +€18,113 | +7.0% |
| Distributable reserves | 133 | €260,294 | €278,407 | +€18,113 | +7.0% |
| Amounts payable | 17/49 | €476,974 | €430,445 | -€46,529 | -9.8% |
| Amounts payable after more than one year | 17 | €343,703 | €311,211 | -€32,492 | -9.5% |
| Financial debts | 170/4 | €343,703 | €311,211 | -€32,492 | -9.5% |
| Amounts payable within one year | 42/48 | €132,823 | €119,234 | -€13,589 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €33,336 | €32,492 | -€844 | -2.5% |
| Trade debts | 44 | €0 | €18,138 | +€18,138 | |
| Suppliers | 440/4 | €0 | €18,138 | +€18,138 | |
| Taxes, remuneration and social security | 45 | €48,286 | €5,740 | -€42,546 | -88.1% |
| Taxes | 450/3 | €48,286 | €5,740 | -€42,546 | -88.1% |
| Other amounts payable | 47/48 | €51,201 | €62,864 | +€11,663 | +22.8% |
| Accrued charges and deferred income | 492/3 | €448 | €0 | -€448 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,901 | €71,028 | +€41,127 | +137.5% |
| Other operating charges | 640/8 | €738 | €4,202 | +€3,464 | +469.7% |
| Gross operating margin | 9900 | €176,641 | €117,040 | -€59,601 | -33.7% |
| Operating profit (loss) | 9901 | €146,003 | €41,810 | -€104,192 | -71.4% |
| Financial income | 75/76B | €0 | €898 | +€898 | |
| Recurring financial income | 75 | €0 | €898 | +€898 | |
| Financial charges | 65/66B | €8,598 | €16,741 | +€8,143 | +94.7% |
| Recurring financial charges | 65 | €8,598 | €16,741 | +€8,143 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €137,404 | €25,967 | -€111,438 | -81.1% |
| Income taxes | 67/77 | €30,026 | €7,854 | -€22,172 | -73.8% |
| Profit (loss) for the period | 9904 | €107,379 | €18,113 | -€89,265 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,379 | €18,113 | -€89,265 | -83.1% |
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 8 October 2026 via checked.be.