O.2.: 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.
O.2.
Largest movements
- Current investments -€50,000
down €50,000 (-40.0%), from €125,000 to €75,000
- Tangible fixed assets -€25,262
down €25,262 (-3.5%), from €726,998 to €701,736
of which Land and buildings: -€17,618
- Debts after one year -€76,413
down €76,413 (-15.6%), from €490,238 to €413,825
of which Other amounts payable: -€41,429
- Gross operating margin -€9,109
down €9,109 (-15.1%), from €60,290 to €51,180
- Financial charges +€3,349
up €3,349 (+14.2%), from €23,662 to €27,010
- Other operating charges +€1,816
up €1,816 (+667.7%), from €272 to €2,088
- Taxes -€1,473
down €1,473 (-91.9%), from €1,603 to €130
- Financial income +€978
up €978 (+49.8%), from €1,966 to €2,944
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 | €873,762 | €798,409 | -€75,353 | -8.6% |
| Fixed assets | 21/28 | €726,998 | €701,736 | -€25,262 | -3.5% |
| Tangible fixed assets | 22/27 | €726,998 | €701,736 | -€25,262 | -3.5% |
| Land and buildings | 22 | €688,749 | €671,132 | -€17,618 | -2.6% |
| Plant, machinery and equipment | 23 | €7,197 | €6,597 | -€600 | -8.3% |
| Furniture and vehicles | 24 | €31,052 | €24,007 | -€7,044 | -22.7% |
| Current assets | 29/58 | €146,765 | €96,674 | -€50,091 | -34.1% |
| Amounts receivable within one year | 40/41 | €11,198 | €14,588 | +€3,390 | +30.3% |
| Trade receivables | 40 | €10,222 | €11,335 | +€1,113 | +10.9% |
| Other amounts receivable | 41 | €976 | €3,253 | +€2,277 | +233.2% |
| Current investments | 50/53 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €8,703 | €5,153 | -€3,551 | -40.8% |
| Deferred charges and accrued income | 490/1 | €1,864 | €1,933 | +€69 | +3.7% |
| Total equity and liabilities | 10/49 | €873,762 | €798,409 | -€75,353 | -8.6% |
| Equity | 10/15 | €301,136 | €297,871 | -€3,265 | -1.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,844 | €8,798 | +€4,953 | +128.8% |
| Reserves | 13 | €227,292 | €219,074 | -€8,218 | -3.6% |
| Distributable reserves | 133 | €227,292 | €219,074 | -€8,218 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €572,627 | €500,538 | -€72,089 | -12.6% |
| Amounts payable after more than one year | 17 | €490,238 | €413,825 | -€76,413 | -15.6% |
| Financial debts | 170/4 | €157,292 | €122,308 | -€34,984 | -22.2% |
| Other amounts payable | 178/9 | €332,946 | €291,517 | -€41,429 | -12.4% |
| Amounts payable within one year | 42/48 | €82,002 | €86,713 | +€4,712 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €34,757 | €37,889 | +€3,132 | +9.0% |
| Trade debts | 44 | €1,949 | €717 | -€1,232 | -63.2% |
| Suppliers | 440/4 | €1,949 | €717 | -€1,232 | -63.2% |
| Taxes, remuneration and social security | 45 | €8,026 | €9,177 | +€1,150 | +14.3% |
| Taxes | 450/3 | €8,026 | €9,177 | +€1,150 | +14.3% |
| Other amounts payable | 47/48 | €37,269 | €38,930 | +€1,661 | +4.5% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Non-recurring operating income | 76A | €10,560 | €9,697 | -€863 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,803 | €33,114 | -€689 | -2.0% |
| Other operating charges | 640/8 | €272 | €2,088 | +€1,816 | +667.7% |
| Gross operating margin | 9900 | €60,290 | €51,180 | -€9,109 | -15.1% |
| Operating profit (loss) | 9901 | €26,215 | €15,979 | -€10,236 | -39.0% |
| Financial income | 75/76B | €1,966 | €2,944 | +€978 | +49.8% |
| Recurring financial income | 75 | €1,966 | €2,944 | +€978 | +49.8% |
| Financial charges | 65/66B | €23,662 | €27,010 | +€3,349 | +14.2% |
| Recurring financial charges | 65 | €23,662 | €27,010 | +€3,349 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €4,519 | -€8,088 | -€12,606 | |
| Income taxes | 67/77 | €1,603 | €130 | -€1,473 | -91.9% |
| Profit (loss) for the period | 9904 | €2,915 | -€8,218 | -€11,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,915 | -€8,218 | -€11,133 |
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.