P & R: 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.
P & R
Largest movements
- Receivables within one year +€5,043
up €5,043 (+120.9%), from €4,172 to €9,215
of which Other amounts receivable: +€6,614
- Stocks and contracts +€2,225
up €2,225 (+244.5%), from €910 to €3,135
- Deferred charges and accrued income -€1,751
down €1,751 (-83.6%), from €2,096 to €344
- Tangible fixed assets +€1,018
up €1,018 (+2139.2%), from €48 to €1,065
- Reserves +€9,256
up €9,256 (+25.2%), from €36,790 to €46,046
of which Distributable reserves: +€9,256
- Other debts -€1,799
no longer reported in 2025 (was €1,799)
- Gross operating margin +€1,852
up €1,852 (+15.3%), from €12,134 to €13,986
- Other operating charges +€408
up €408 (+65.0%), from €628 to €1,037
- Taxes +€344
up €344 (+7.7%), from €4,479 to €4,822
- Financial income +€253
up €253 (+22.3%), from €1,134 to €1,387
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 | €59,770 | €66,643 | +€6,873 | +11.5% |
| Fixed assets | 21/28 | €568 | €1,585 | +€1,018 | +179.3% |
| Tangible fixed assets | 22/27 | €48 | €1,065 | +€1,018 | +2139.2% |
| Plant, machinery and equipment | 23 | €48 | €1,065 | +€1,018 | +2139.2% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €59,202 | €65,057 | +€5,856 | +9.9% |
| Amounts receivable after more than one year | 29 | €51,000 | €51,000 | = | 0.0% |
| Other amounts receivable | 291 | €51,000 | €51,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €910 | €3,135 | +€2,225 | +244.5% |
| Stocks | 30/36 | €910 | €3,135 | +€2,225 | +244.5% |
| Amounts receivable within one year | 40/41 | €4,172 | €9,215 | +€5,043 | +120.9% |
| Trade receivables | 40 | €4,172 | €2,602 | -€1,570 | -37.6% |
| Other amounts receivable | 41 | - | €6,614 | +€6,614 | |
| Cash at bank and in hand | 54/58 | €1,024 | €1,363 | +€339 | +33.1% |
| Deferred charges and accrued income | 490/1 | €2,096 | €344 | -€1,751 | -83.6% |
| Total equity and liabilities | 10/49 | €59,770 | €66,643 | +€6,873 | +11.5% |
| Equity | 10/15 | €55,390 | €64,646 | +€9,256 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,790 | €46,046 | +€9,256 | +25.2% |
| 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 | €34,930 | €44,186 | +€9,256 | +26.5% |
| Amounts payable | 17/49 | €4,379 | €1,997 | -€2,383 | -54.4% |
| Amounts payable within one year | 42/48 | €2,994 | €747 | -€2,248 | -75.1% |
| Taxes, remuneration and social security | 45 | €1,195 | €747 | -€449 | -37.5% |
| Taxes | 450/3 | €1,195 | €747 | -€449 | -37.5% |
| Other amounts payable | 47/48 | €1,799 | - | -€1,799 | |
| Accrued charges and deferred income | 492/3 | €1,385 | €1,250 | -€135 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €118 | -€75 | -39.0% |
| Other operating charges | 640/8 | €628 | €1,037 | +€408 | +65.0% |
| Gross operating margin | 9900 | €12,134 | €13,986 | +€1,852 | +15.3% |
| Operating profit (loss) | 9901 | €11,312 | €12,831 | +€1,519 | +13.4% |
| Financial income | 75/76B | €1,134 | €1,387 | +€253 | +22.3% |
| Recurring financial income | 75 | €1,134 | €1,387 | +€253 | +22.3% |
| Financial charges | 65/66B | €55 | €139 | +€85 | +155.3% |
| Recurring financial charges | 65 | €55 | €139 | +€85 | +155.3% |
| Profit (loss) for the period before taxes | 9903 | €12,392 | €14,078 | +€1,687 | +13.6% |
| Income taxes | 67/77 | €4,479 | €4,822 | +€344 | +7.7% |
| Profit (loss) for the period | 9904 | €7,913 | €9,256 | +€1,343 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,913 | €9,256 | +€1,343 | +17.0% |
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 6 October 2026 via checked.be.