OBJECTIF: 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.
OBJECTIF
Largest movements
- Tangible fixed assets -€8,251
down €8,251 (-4.4%), from €188,966 to €180,715
of which Land and buildings: -€7,033
- Current investments +€7,023
up €7,023 (+96.8%), from €7,254 to €14,277
- Receivables within one year +€2,667
up €2,667 (+16.1%), from €16,528 to €19,195
of which Trade receivables: +€2,695
No liability line moved by more than 1% of the balance sheet total.
- Staff costs +€8,793
up €8,793 (+11.1%), from €78,934 to €87,727
- Gross operating margin +€1,780
up €1,780 (+1.9%), from €93,717 to €95,497
- Financial income -€1,482
down €1,482 (-45.4%), from €3,262 to €1,780
of which Non-recurring financial income: -€1,548
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 | €220,418 | €220,559 | +€141 | +0.1% |
| Fixed assets | 21/28 | €189,397 | €181,146 | -€8,251 | -4.4% |
| Tangible fixed assets | 22/27 | €188,966 | €180,715 | -€8,251 | -4.4% |
| Land and buildings | 22 | €186,530 | €179,497 | -€7,033 | -3.8% |
| Furniture and vehicles | 24 | €2,436 | €1,218 | -€1,218 | -50.0% |
| Financial fixed assets | 28 | €431 | €431 | = | 0.0% |
| Current assets | 29/58 | €31,021 | €39,413 | +€8,392 | +27.1% |
| Amounts receivable within one year | 40/41 | €16,528 | €19,195 | +€2,667 | +16.1% |
| Trade receivables | 40 | €16,463 | €19,158 | +€2,695 | +16.4% |
| Other amounts receivable | 41 | €65 | €37 | -€28 | -43.1% |
| Current investments | 50/53 | €7,254 | €14,277 | +€7,023 | +96.8% |
| Cash at bank and in hand | 54/58 | €7,239 | €5,941 | -€1,298 | -17.9% |
| Total equity and liabilities | 10/49 | €220,418 | €220,559 | +€141 | +0.1% |
| Equity | 10/15 | €198,236 | €199,429 | +€1,193 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,785 | €178,978 | +€1,193 | +0.7% |
| Amounts payable | 17/49 | €22,182 | €21,130 | -€1,052 | -4.7% |
| Amounts payable within one year | 42/48 | €21,856 | €21,130 | -€726 | -3.3% |
| Trade debts | 44 | €7,238 | €5,608 | -€1,630 | -22.5% |
| Suppliers | 440/4 | €7,238 | €5,608 | -€1,630 | -22.5% |
| Taxes, remuneration and social security | 45 | €14,618 | €15,522 | +€904 | +6.2% |
| Taxes | 450/3 | €4,196 | €4,426 | +€230 | +5.5% |
| Remuneration and social security | 454/9 | €10,422 | €11,096 | +€674 | +6.5% |
| Accrued charges and deferred income | 492/3 | €326 | - | -€326 | |
| Remuneration, social security and pensions | 62 | €78,934 | €87,727 | +€8,793 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €8,251 | = | 0.0% |
| Gross operating margin | 9900 | €93,717 | €95,497 | +€1,780 | +1.9% |
| Operating profit (loss) | 9901 | €6,532 | -€481 | -€7,013 | |
| Financial income | 75/76B | €3,262 | €1,780 | -€1,482 | -45.4% |
| Recurring financial income | 75 | €55 | €121 | +€66 | +120.0% |
| Non-recurring financial income | 76B | €3,207 | €1,659 | -€1,548 | -48.3% |
| Financial charges | 65/66B | €755 | €86 | -€669 | -88.6% |
| Recurring financial charges | 65 | €755 | €86 | -€669 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €9,039 | €1,213 | -€7,826 | -86.6% |
| Income taxes | 67/77 | €13 | €20 | +€7 | +53.8% |
| Profit (loss) for the period | 9904 | €9,026 | €1,193 | -€7,833 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,026 | €1,193 | -€7,833 | -86.8% |
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 3 October 2026 via checked.be.