OLD STYLE: 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.
OLD STYLE
Largest movements
- Cash +€859,120
up €859,120 (+1143.1%), from €75,157 to €934,277
mainly Net result for the year (+€837,263) and Receivables within one year (+€523,280)
- Receivables within one year -€523,280
down €523,280 (-24.9%), from €2.1m to €1.6m
of which Other amounts receivable: -€324,417
- Tangible fixed assets -€251,642
down €251,642 (-4.7%), from €5.3m to €5.1m
- Reserves +€837,263
up €837,263 (+13.8%), from €6.1m to €6.9m
of which Distributable reserves: +€837,263
- Debts after one year -€490,087
down €490,087 (-22.8%), from €2.1m to €1.7m
- Current portion of long-term debt -€228,947
down €228,947 (-36.1%), from €634,538 to €405,591
- Gross operating margin -€231,252
down €231,252 (-13.9%), from €1.7m to €1.4m
- Taxes -€86,200
down €86,200 (-23.2%), from €370,789 to €284,588
- Depreciation +€25,812
up €25,812 (+14.7%), from €176,130 to €201,942
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 | €9,192,044 | €9,268,803 | +€76,758 | +0.8% |
| Fixed assets | 21/28 | €6,647,608 | €6,395,966 | -€251,642 | -3.8% |
| Tangible fixed assets | 22/27 | €5,346,708 | €5,095,066 | -€251,642 | -4.7% |
| Land and buildings | 22 | €5,019,897 | €4,896,093 | -€123,804 | -2.5% |
| Plant, machinery and equipment | 23 | €59,774 | €39,177 | -€20,596 | -34.5% |
| Furniture and vehicles | 24 | €248,078 | €140,836 | -€107,242 | -43.2% |
| Other tangible fixed assets | 26 | €18,960 | €18,960 | = | 0.0% |
| Financial fixed assets | 28 | €1,300,900 | €1,300,900 | = | 0.0% |
| Current assets | 29/58 | €2,544,437 | €2,872,837 | +€328,400 | +12.9% |
| Stocks and contracts in progress | 3 | €323,842 | €321,052 | -€2,790 | -0.9% |
| Stocks | 30/36 | €323,842 | €321,052 | -€2,790 | -0.9% |
| Amounts receivable within one year | 40/41 | €2,103,815 | €1,580,535 | -€523,280 | -24.9% |
| Trade receivables | 40 | €441,180 | €242,317 | -€198,864 | -45.1% |
| Other amounts receivable | 41 | €1,662,635 | €1,338,218 | -€324,417 | -19.5% |
| Cash at bank and in hand | 54/58 | €75,157 | €934,277 | +€859,120 | +1143.1% |
| Deferred charges and accrued income | 490/1 | €41,623 | €36,973 | -€4,649 | -11.2% |
| Total equity and liabilities | 10/49 | €9,192,044 | €9,268,803 | +€76,758 | +0.8% |
| Equity | 10/15 | €6,099,805 | €6,937,068 | +€837,263 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,081,205 | €6,918,468 | +€837,263 | +13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,079,345 | €6,916,608 | +€837,263 | +13.8% |
| Amounts payable | 17/49 | €3,092,239 | €2,331,735 | -€760,504 | -24.6% |
| Amounts payable after more than one year | 17 | €2,146,627 | €1,656,540 | -€490,087 | -22.8% |
| Financial debts | 170/4 | €2,146,627 | €1,656,540 | -€490,087 | -22.8% |
| Amounts payable within one year | 42/48 | €945,612 | €675,195 | -€270,417 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €634,538 | €405,591 | -€228,947 | -36.1% |
| Trade debts | 44 | €251,706 | €209,412 | -€42,294 | -16.8% |
| Suppliers | 440/4 | €251,706 | €209,412 | -€42,294 | -16.8% |
| Taxes, remuneration and social security | 45 | €59,368 | €36,338 | -€23,030 | -38.8% |
| Taxes | 450/3 | €49,978 | €26,727 | -€23,251 | -46.5% |
| Remuneration and social security | 454/9 | €9,390 | €9,611 | +€221 | +2.4% |
| Other amounts payable | 47/48 | €0 | €23,853 | +€23,853 | |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Remuneration, social security and pensions | 62 | €46,567 | €47,184 | +€616 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,130 | €201,942 | +€25,812 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €510 | €0 | -€510 | -100.0% |
| Other operating charges | 640/8 | €27,523 | €23,576 | -€3,947 | -14.3% |
| Non-recurring operating charges | 66A | €43,922 | €7,018 | -€36,903 | -84.0% |
| Gross operating margin | 9900 | €1,661,148 | €1,429,896 | -€231,252 | -13.9% |
| Operating profit (loss) | 9901 | €1,366,496 | €1,150,176 | -€216,320 | -15.8% |
| Financial income | 75/76B | €3,742 | €8,059 | +€4,318 | +115.4% |
| Recurring financial income | 75 | €3,742 | €8,059 | +€4,318 | +115.4% |
| Financial charges | 65/66B | €43,652 | €36,384 | -€7,268 | -16.6% |
| Recurring financial charges | 65 | €43,652 | €36,384 | -€7,268 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €1,326,586 | €1,121,851 | -€204,735 | -15.4% |
| Income taxes | 67/77 | €370,789 | €284,588 | -€86,200 | -23.2% |
| Profit (loss) for the period | 9904 | €955,797 | €837,263 | -€118,535 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €955,797 | €837,263 | -€118,535 | -12.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.