P & P: 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.
P & P
Largest movements
- Cash +€180,986
up €180,986 (+361%), from €50,159 to €231,146
mainly Current investments (+€180,000) and Receivables within one year (+€14,747)
- Current investments -€180,000
down €180,000 (-100%), from €180,000 to €0
- Receivables within one year -€14,747
down €14,747 (-23.9%), from €61,635 to €46,889
of which Other amounts receivable: -€13,125
- Tangible fixed assets -€12,303
down €12,303 (-4.3%), from €283,346 to €271,043
of which Land and buildings: -€12,303
- Profit (loss) carried forward -€30,186
down €30,186 (-17.1%), from -€176,364 to -€206,550
- Reserves -€8,079
down €8,079 (-7.9%), from €102,675 to €94,596
of which Distributable reserves: -€8,079
- Other debts +€8,079
up €8,079, from €0 to €8,079
- Financial charges -€373,971
down €373,971 (-100.0%), from €374,139 to €168
of which Non-recurring financial charges: -€373,978
- Financial income -€369,118
down €369,118 (-98.6%), from €374,181 to €5,063
of which Non-recurring financial income: -€368,765
- Other operating charges +€4,118
up €4,118 (+825%), from €499 to €4,618
- Gross operating margin +€491
up €491 (+3.0%), from -€16,413 to -€15,922
- Taxes -€379
down €379 (-100%), from €379 to €0
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 | €577,694 | €550,775 | -€26,919 | -4.7% |
| Fixed assets | 21/28 | €283,346 | €271,043 | -€12,303 | -4.3% |
| Tangible fixed assets | 22/27 | €283,346 | €271,043 | -€12,303 | -4.3% |
| Land and buildings | 22 | €283,346 | €271,043 | -€12,303 | -4.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €294,348 | €279,732 | -€14,616 | -5.0% |
| Amounts receivable within one year | 40/41 | €61,635 | €46,889 | -€14,747 | -23.9% |
| Trade receivables | 40 | €2,233 | €611 | -€1,622 | -72.6% |
| Other amounts receivable | 41 | €59,402 | €46,277 | -€13,125 | -22.1% |
| Current investments | 50/53 | €180,000 | €0 | -€180,000 | -100% |
| Cash at bank and in hand | 54/58 | €50,159 | €231,146 | +€180,986 | +361% |
| Deferred charges and accrued income | 490/1 | €2,553 | €1,698 | -€856 | -33.5% |
| Total equity and liabilities | 10/49 | €577,694 | €550,775 | -€26,919 | -4.7% |
| Equity | 10/15 | €577,256 | €538,991 | -€38,265 | -6.6% |
| Contributions | 10/11 | €650,946 | €650,946 | = | 0.0% |
| Reserves | 13 | €102,675 | €94,596 | -€8,079 | -7.9% |
| Non-distributable reserves | 130/1 | €65,095 | €65,095 | = | 0.0% |
| Reserves not available under the articles | 1311 | €65,095 | €65,095 | = | 0.0% |
| Distributable reserves | 133 | €37,580 | €29,502 | -€8,079 | -21.5% |
| Profit (loss) carried forward | 14 | -€176,364 | -€206,550 | -€30,186 | -17.1% |
| Amounts payable | 17/49 | €437 | €11,783 | +€11,346 | +2,594% |
| Amounts payable within one year | 42/48 | €437 | €11,783 | +€11,346 | +2,594% |
| Trade debts | 44 | €437 | €3,705 | +€3,267 | +747% |
| Suppliers | 440/4 | €437 | €3,705 | +€3,267 | +747% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €8,079 | +€8,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,206 | €14,543 | +€337 | +2.4% |
| Other operating charges | 640/8 | €499 | €4,618 | +€4,118 | +825% |
| Gross operating margin | 9900 | -€16,413 | -€15,922 | +€491 | +3.0% |
| Operating profit (loss) | 9901 | -€31,117 | -€35,082 | -€3,965 | -12.7% |
| Financial income | 75/76B | €374,181 | €5,063 | -€369,118 | -98.6% |
| Recurring financial income | 75 | €5,417 | €5,063 | -€353 | -6.5% |
| Non-recurring financial income | 76B | €368,765 | €0 | -€368,765 | -100% |
| Financial charges | 65/66B | €374,139 | €168 | -€373,971 | -100.0% |
| Recurring financial charges | 65 | €160 | €168 | +€7 | +4.5% |
| Non-recurring financial charges | 66B | €373,978 | €0 | -€373,978 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€31,075 | -€30,186 | +€889 | +2.9% |
| Income taxes | 67/77 | €379 | €0 | -€379 | -100% |
| Profit (loss) for the period | 9904 | -€31,454 | -€30,186 | +€1,267 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,454 | -€30,186 | +€1,267 | +4.0% |
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 18 October 2026 via checked.be.