OPTIMISED: 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.
OPTIMISED
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Tangible fixed assets -€46,536
down €46,536 (-32.3%), from €144,145 to €97,608
of which Land and buildings: -€31,793
- Cash -€24,376
down €24,376 (-16.6%), from €147,214 to €122,838
mainly Receivables after one year (-€100,000) and Contributions, distributions and other (-€38,133)
- Receivables within one year +€7,113
up €7,113 (+13.1%), from €54,394 to €61,506
of which Other amounts receivable: +€7,531
- Reserves +€39,085
up €39,085 (+11.5%), from €338,539 to €377,624
- Gross operating margin +€10,419
up €10,419 (+7.1%), from €147,505 to €157,924
- Taxes +€3,906
up €3,906 (+14.5%), from €27,007 to €30,914
- Financial income +€2,029
up €2,029 (+930%), from €218 to €2,247
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 | €372,859 | €409,119 | +€36,260 | +9.7% |
| Fixed assets | 21/28 | €169,145 | €122,608 | -€46,536 | -27.5% |
| Tangible fixed assets | 22/27 | €144,145 | €97,608 | -€46,536 | -32.3% |
| Land and buildings | 22 | €109,648 | €77,855 | -€31,793 | -29.0% |
| Plant, machinery and equipment | 23 | €2,457 | €1,518 | -€939 | -38.2% |
| Furniture and vehicles | 24 | €32,039 | €18,235 | -€13,804 | -43.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €203,714 | €286,511 | +€82,796 | +40.6% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €54,394 | €61,506 | +€7,113 | +13.1% |
| Trade receivables | 40 | €24,001 | €23,582 | -€419 | -1.7% |
| Other amounts receivable | 41 | €30,393 | €37,924 | +€7,531 | +24.8% |
| Cash at bank and in hand | 54/58 | €147,214 | €122,838 | -€24,376 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,107 | €2,166 | +€59 | +2.8% |
| Total equity and liabilities | 10/49 | €372,859 | €409,119 | +€36,260 | +9.7% |
| Equity | 10/15 | €344,739 | €383,824 | +€39,085 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €338,539 | €377,624 | +€39,085 | +11.5% |
| Distributable reserves | 133 | €338,539 | €377,624 | +€39,085 | +11.5% |
| Amounts payable | 17/49 | €28,120 | €25,295 | -€2,825 | -10.0% |
| Amounts payable within one year | 42/48 | €25,556 | €22,730 | -€2,827 | -11.1% |
| Trade debts | 44 | €4,649 | €5,205 | +€556 | +12.0% |
| Suppliers | 440/4 | €4,649 | €5,205 | +€556 | +12.0% |
| Taxes, remuneration and social security | 45 | €20,908 | €17,525 | -€3,383 | -16.2% |
| Taxes | 450/3 | €20,908 | €17,525 | -€3,383 | -16.2% |
| Accrued charges and deferred income | 492/3 | €2,564 | €2,566 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,439 | €48,035 | +€596 | +1.3% |
| Other operating charges | 640/8 | €4,044 | €3,849 | -€196 | -4.8% |
| Gross operating margin | 9900 | €147,505 | €157,924 | +€10,419 | +7.1% |
| Operating profit (loss) | 9901 | €96,022 | €106,041 | +€10,019 | +10.4% |
| Financial income | 75/76B | €218 | €2,247 | +€2,029 | +930% |
| Recurring financial income | 75 | €218 | €2,247 | +€2,029 | +930% |
| Financial charges | 65/66B | €157 | €157 | -€0 | -0.2% |
| Recurring financial charges | 65 | €157 | €157 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €96,083 | €108,131 | +€12,048 | +12.5% |
| Income taxes | 67/77 | €27,007 | €30,914 | +€3,906 | +14.5% |
| Profit (loss) for the period | 9904 | €69,076 | €77,217 | +€8,141 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,076 | €77,217 | +€8,141 | +11.8% |
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 14 October 2026 via checked.be.