O.: 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.
O.
Largest movements
- Tangible fixed assets +€70,930
up €70,930 (+8.6%), from €828,349 to €899,279
of which Land and buildings: +€72,861
- Receivables within one year +€33,057
up €33,057 (+116%), from €28,573 to €61,630
of which Trade receivables: +€42,614
- Cash +€16,321
up €16,321 (+3.9%), from €418,378 to €434,699
mainly Debts after one year (+€74,047) and Depreciation (+€49,675)
- Debts after one year +€74,047
up €74,047 (+12.3%), from €601,535 to €675,581
- Reserves +€45,152
up €45,152 (+8.2%), from €547,397 to €592,549
- Tax, wage and social debts +€19,891
up €19,891 (+1,594%), from €1,248 to €21,139
- Trade debts -€18,213
down €18,213 (-81.8%), from €22,252 to €4,040
- Gross operating margin +€112,155
up €112,155 (+550%), from €20,408 to €132,564
- Taxes +€9,922
up €9,922 (+2,244%), from €442 to €10,364
- Depreciation +€7,996
up €7,996 (+19.2%), from €41,679 to €49,675
- Financial charges +€3,979
up €3,979 (+19.4%), from €20,476 to €24,455
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 | €1,278,254 | €1,401,091 | +€122,837 | +9.6% |
| Fixed assets | 21/28 | €828,349 | €899,279 | +€70,930 | +8.6% |
| Tangible fixed assets | 22/27 | €828,349 | €899,279 | +€70,930 | +8.6% |
| Land and buildings | 22 | €825,420 | €898,281 | +€72,861 | +8.8% |
| Plant, machinery and equipment | 23 | - | €997 | +€997 | |
| Furniture and vehicles | 24 | €2,929 | - | -€2,929 | |
| Current assets | 29/58 | €449,906 | €501,813 | +€51,907 | +11.5% |
| Amounts receivable within one year | 40/41 | €28,573 | €61,630 | +€33,057 | +116% |
| Trade receivables | 40 | €19,015 | €61,630 | +€42,614 | +224% |
| Other amounts receivable | 41 | €9,558 | - | -€9,558 | |
| Cash at bank and in hand | 54/58 | €418,378 | €434,699 | +€16,321 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,954 | €5,484 | +€2,529 | +85.6% |
| Total equity and liabilities | 10/49 | €1,278,254 | €1,401,091 | +€122,837 | +9.6% |
| Equity | 10/15 | €615,418 | €660,569 | +€45,152 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €547,397 | €592,549 | +€45,152 | +8.2% |
| Distributable reserves | 133 | €547,397 | €592,549 | +€45,152 | +8.2% |
| Profit (loss) carried forward | 14 | €49,421 | €49,421 | = | 0.0% |
| Amounts payable | 17/49 | €662,837 | €740,522 | +€77,685 | +11.7% |
| Amounts payable after more than one year | 17 | €601,535 | €675,581 | +€74,047 | +12.3% |
| Financial debts | 170/4 | €601,535 | €675,581 | +€74,047 | +12.3% |
| Amounts payable within one year | 42/48 | €55,801 | €56,994 | +€1,192 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €29,635 | €30,664 | +€1,029 | +3.5% |
| Trade debts | 44 | €22,252 | €4,040 | -€18,213 | -81.8% |
| Suppliers | 440/4 | €22,252 | €4,040 | -€18,213 | -81.8% |
| Taxes, remuneration and social security | 45 | €1,248 | €21,139 | +€19,891 | +1,594% |
| Taxes | 450/3 | €1,248 | €21,139 | +€19,891 | +1,594% |
| Other amounts payable | 47/48 | €2,666 | €1,151 | -€1,514 | -56.8% |
| Accrued charges and deferred income | 492/3 | €5,501 | €7,947 | +€2,446 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,679 | €49,675 | +€7,996 | +19.2% |
| Other operating charges | 640/8 | €1,808 | €2,922 | +€1,114 | +61.6% |
| Gross operating margin | 9900 | €20,408 | €132,564 | +€112,155 | +550% |
| Operating profit (loss) | 9901 | -€23,078 | €79,967 | +€103,045 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +6,300% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +6,300% |
| Financial charges | 65/66B | €20,476 | €24,455 | +€3,979 | +19.4% |
| Recurring financial charges | 65 | €20,476 | €24,455 | +€3,979 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,554 | €55,516 | +€99,070 | |
| Income taxes | 67/77 | €442 | €10,364 | +€9,922 | +2,244% |
| Profit (loss) for the period | 9904 | -€43,996 | €45,152 | +€89,148 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,996 | €45,152 | +€89,148 |
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 27 October 2026 via checked.be.