Perform: 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.
Perform
Largest movements
- Stocks and contracts +€87,359
up €87,359 (+15.1%), from €578,530 to €665,889
of which Stocks: +€87,359
- Receivables within one year -€47,775
down €47,775 (-19.2%), from €248,403 to €200,629
of which Trade receivables: -€67,386
- Cash +€21,049
up €21,049 (+45.1%), from €46,723 to €67,772
mainly Short-term financial debts (+€193,000) and Receivables within one year (+€47,775)
- Short-term financial debts +€193,000
up €193,000 (+257%), from €75,000 to €268,000
- Trade debts -€103,596
down €103,596 (-63.2%), from €163,833 to €60,237
- Debts after one year -€32,504
down €32,504 (-6.2%), from €523,552 to €491,048
- Accrued charges and deferred income -€15,194
down €15,194 (-74.5%), from €20,381 to €5,188
- Gross operating margin -€61,843
down €61,843 (-27.0%), from €229,394 to €167,551
- Financial charges -€18,237
down €18,237 (-33.8%), from €54,014 to €35,777
- Staff costs -€13,796
down €13,796 (-18.0%), from €76,806 to €63,010
- Other operating charges +€3,800
up €3,800 (+50.1%), from €7,592 to €11,392
- Depreciation +€3,339
up €3,339 (+9.7%), from €34,578 to €37,917
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 | €1,441,576 | €1,501,570 | +€59,994 | +4.2% |
| Fixed assets | 21/28 | €564,123 | €555,895 | -€8,228 | -1.5% |
| Tangible fixed assets | 22/27 | €564,123 | €555,895 | -€8,228 | -1.5% |
| Land and buildings | 22 | €556,515 | €526,805 | -€29,710 | -5.3% |
| Plant, machinery and equipment | 23 | €3,200 | €5,974 | +€2,773 | +86.7% |
| Furniture and vehicles | 24 | €4,408 | €23,117 | +€18,709 | +424% |
| Current assets | 29/58 | €877,452 | €945,675 | +€68,222 | +7.8% |
| Stocks and contracts in progress | 3 | €578,530 | €665,889 | +€87,359 | +15.1% |
| Stocks | 30/36 | €578,530 | €665,889 | +€87,359 | +15.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €248,403 | €200,629 | -€47,775 | -19.2% |
| Trade receivables | 40 | €248,020 | €180,634 | -€67,386 | -27.2% |
| Other amounts receivable | 41 | €384 | €19,995 | +€19,611 | +5,111% |
| Cash at bank and in hand | 54/58 | €46,723 | €67,772 | +€21,049 | +45.1% |
| Deferred charges and accrued income | 490/1 | €3,796 | €11,386 | +€7,590 | +200% |
| Total equity and liabilities | 10/49 | €1,441,576 | €1,501,570 | +€59,994 | +4.2% |
| Equity | 10/15 | €321,139 | €326,447 | +€5,308 | +1.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €320,139 | €325,447 | +€5,308 | +1.7% |
| Distributable reserves | 133 | €320,139 | €325,447 | +€5,308 | +1.7% |
| Amounts payable | 17/49 | €1,120,437 | €1,175,123 | +€54,686 | +4.9% |
| Amounts payable after more than one year | 17 | €523,552 | €491,048 | -€32,504 | -6.2% |
| Financial debts | 170/4 | €523,552 | €491,048 | -€32,504 | -6.2% |
| Amounts payable within one year | 42/48 | €576,504 | €678,888 | +€102,384 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €31,328 | €32,504 | +€1,176 | +3.8% |
| Financial debts | 43 | €75,000 | €268,000 | +€193,000 | +257% |
| Credit institutions | 430/8 | €75,000 | €268,000 | +€193,000 | +257% |
| Trade debts | 44 | €163,833 | €60,237 | -€103,596 | -63.2% |
| Suppliers | 440/4 | €163,833 | €60,237 | -€103,596 | -63.2% |
| Taxes, remuneration and social security | 45 | €72,334 | €83,219 | +€10,885 | +15.0% |
| Taxes | 450/3 | €55,725 | €62,669 | +€6,944 | +12.5% |
| Remuneration and social security | 454/9 | €16,609 | €20,550 | +€3,942 | +23.7% |
| Other amounts payable | 47/48 | €234,009 | €234,927 | +€918 | +0.4% |
| Accrued charges and deferred income | 492/3 | €20,381 | €5,188 | -€15,194 | -74.5% |
| Remuneration, social security and pensions | 62 | €76,806 | €63,010 | -€13,796 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,578 | €37,917 | +€3,339 | +9.7% |
| Other operating charges | 640/8 | €7,592 | €11,392 | +€3,800 | +50.1% |
| Gross operating margin | 9900 | €229,394 | €167,551 | -€61,843 | -27.0% |
| Operating profit (loss) | 9901 | €110,418 | €55,232 | -€55,186 | -50.0% |
| Financial income | 75/76B | €135 | €688 | +€553 | +409% |
| Recurring financial income | 75 | €135 | €688 | +€553 | +409% |
| Financial charges | 65/66B | €54,014 | €35,777 | -€18,237 | -33.8% |
| Recurring financial charges | 65 | €54,014 | €35,777 | -€18,237 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €56,539 | €20,143 | -€36,396 | -64.4% |
| Income taxes | 67/77 | €13,177 | €14,835 | +€1,658 | +12.6% |
| Profit (loss) for the period | 9904 | €43,362 | €5,308 | -€38,054 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,362 | €5,308 | -€38,054 | -87.8% |
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 18 October 2026 via checked.be.