PIRAMIDE: 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.
PIRAMIDE
Largest movements
- Receivables after one year -€142,421
down €142,421 (-100.0%), from €142,421 to €0
- Receivables within one year +€46,186
up €46,186 (+628.1%), from €7,354 to €53,539
of which Trade receivables: +€48,214
- Intangible fixed assets -€28,571
down €28,571 (-50.0%), from €57,143 to €28,571
- Tangible fixed assets -€24,606
down €24,606 (-3.3%), from €750,820 to €726,213
of which Land and buildings: -€27,609
- Cash -€23,240
down €23,240 (-95.0%), from €24,462 to €1,223
mainly Debts after one year (-€184,645) and Receivables within one year (-€46,186)
- Debts after one year -€184,645
down €184,645 (-19.3%), from €956,872 to €772,227
of which Other amounts payable: -€184,645
- Short-term financial debts +€50,000
up €50,000, from €0 to €50,000
- Profit (loss) carried forward -€30,904
down €30,904 (-2.7%), from -€1.1m to -€1.2m
- Gross operating margin +€90,188
up €90,188, from -€47,663 to €42,525
- Financial charges -€9,890
down €9,890 (-57.4%), from €17,242 to €7,352
- Other operating charges -€8,590
down €8,590 (-57.8%), from €14,865 to €6,275
- Depreciation -€1,764
down €1,764 (-2.9%), from €61,087 to €59,322
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 | €1,032,775 | €858,871 | -€173,904 | -16.8% |
| Fixed assets | 21/28 | €807,981 | €755,503 | -€52,478 | -6.5% |
| Intangible fixed assets | 21 | €57,143 | €28,571 | -€28,571 | -50.0% |
| Tangible fixed assets | 22/27 | €750,820 | €726,213 | -€24,606 | -3.3% |
| Land and buildings | 22 | €740,932 | €713,323 | -€27,609 | -3.7% |
| Plant, machinery and equipment | 23 | €4,174 | €3,134 | -€1,040 | -24.9% |
| Furniture and vehicles | 24 | €5,714 | €9,756 | +€4,043 | +70.8% |
| Financial fixed assets | 28 | €19 | €719 | +€700 | +3763.4% |
| Current assets | 29/58 | €224,794 | €103,368 | -€121,426 | -54.0% |
| Amounts receivable after more than one year | 29 | €142,421 | €0 | -€142,421 | -100.0% |
| Other amounts receivable | 291 | €142,421 | €0 | -€142,421 | -100.0% |
| Stocks and contracts in progress | 3 | €44,216 | €44,216 | = | 0.0% |
| Stocks | 30/36 | €44,216 | €44,216 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,354 | €53,539 | +€46,186 | +628.1% |
| Trade receivables | 40 | €5,215 | €53,429 | +€48,214 | +924.6% |
| Other amounts receivable | 41 | €2,139 | €111 | -€2,029 | -94.8% |
| Current investments | 50/53 | €14 | €13 | -€1 | -4.0% |
| Cash at bank and in hand | 54/58 | €24,462 | €1,223 | -€23,240 | -95.0% |
| Deferred charges and accrued income | 490/1 | €6,328 | €4,377 | -€1,951 | -30.8% |
| Total equity and liabilities | 10/49 | €1,032,775 | €858,871 | -€173,904 | -16.8% |
| Equity | 10/15 | €58,877 | €27,972 | -€30,904 | -52.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €187,360 | €187,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €147,360 | €147,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,128,483 | -€1,159,388 | -€30,904 | -2.7% |
| Amounts payable | 17/49 | €973,899 | €830,899 | -€143,000 | -14.7% |
| Amounts payable after more than one year | 17 | €956,872 | €772,227 | -€184,645 | -19.3% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Other amounts payable | 178/9 | €206,872 | €22,227 | -€184,645 | -89.3% |
| Amounts payable within one year | 42/48 | €17,027 | €58,672 | +€41,645 | +244.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | €0 | €50,000 | +€50,000 | |
| Trade debts | 44 | €6,487 | €6,184 | -€303 | -4.7% |
| Suppliers | 440/4 | €6,487 | €6,184 | -€303 | -4.7% |
| Taxes, remuneration and social security | 45 | €10,540 | €2,488 | -€8,052 | -76.4% |
| Taxes | 450/3 | €10,540 | €2,488 | -€8,052 | -76.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | -€48 | €0 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,087 | €59,322 | -€1,764 | -2.9% |
| Other operating charges | 640/8 | €14,865 | €6,275 | -€8,590 | -57.8% |
| Non-recurring operating charges | 66A | €890 | €174 | -€716 | -80.4% |
| Gross operating margin | 9900 | -€47,663 | €42,525 | +€90,188 | |
| Operating profit (loss) | 9901 | -€124,456 | -€23,246 | +€101,210 | +81.3% |
| Financial income | 75/76B | €13 | €193 | +€180 | +1410.9% |
| Recurring financial income | 75 | €13 | €193 | +€180 | +1410.9% |
| Financial charges | 65/66B | €17,242 | €7,352 | -€9,890 | -57.4% |
| Recurring financial charges | 65 | €17,242 | €7,352 | -€9,890 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | -€141,685 | -€30,406 | +€111,279 | +78.5% |
| Income taxes | 67/77 | €393 | €499 | +€106 | +27.0% |
| Profit (loss) for the period | 9904 | -€142,078 | -€30,904 | +€111,173 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,078 | -€30,904 | +€111,173 | +78.2% |
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 5 October 2026 via checked.be.