PLAN F: 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.
PLAN F
Largest movements
- Receivables within one year -€72,086
down €72,086 (-71.9%), from €100,319 to €28,233
of which Other amounts receivable: -€72,086
- Cash +€53,305
up €53,305 (+40.1%), from €132,973 to €186,278
mainly Net result for the year (+€151,584) and Receivables within one year (+€72,086)
- Tangible fixed assets -€34,409
down €34,409 (-50.7%), from €67,863 to €33,454
of which Furniture and vehicles: -€33,851
- Reserves -€117,838
down €117,838 (-20.6%), from €571,629 to €453,791
of which Distributable reserves: -€117,838
- Tax, wage and social debts +€63,360
up €63,360 (+202.9%), from €31,225 to €94,585
- Debts after one year -€37,211
down €37,211 (-48.8%), from €76,330 to €39,119
- Other debts +€35,043
new in 2025: €35,043
- Depreciation -€39,078
down €39,078 (-53.2%), from €73,487 to €34,409
- Gross operating margin +€26,870
up €26,870 (+11.5%), from €234,597 to €261,467
- Taxes +€19,554
up €19,554 (+33.5%), from €58,374 to €77,928
- Financial charges +€8,630
up €8,630 (+190.9%), from €4,520 to €13,150
- Financial income +€5,552
up €5,552 (+24.4%), from €22,710 to €28,262
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 | €728,205 | €675,015 | -€53,190 | -7.3% |
| Fixed assets | 21/28 | €67,913 | €33,504 | -€34,409 | -50.7% |
| Tangible fixed assets | 22/27 | €67,863 | €33,454 | -€34,409 | -50.7% |
| Land and buildings | 22 | €558 | - | -€558 | |
| Furniture and vehicles | 24 | €67,305 | €33,454 | -€33,851 | -50.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €660,292 | €641,511 | -€18,781 | -2.8% |
| Amounts receivable after more than one year | 29 | €427,000 | €427,000 | = | 0.0% |
| Other amounts receivable | 291 | €427,000 | €427,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,319 | €28,233 | -€72,086 | -71.9% |
| Trade receivables | 40 | €28,233 | €28,233 | = | 0.0% |
| Other amounts receivable | 41 | €72,086 | - | -€72,086 | |
| Cash at bank and in hand | 54/58 | €132,973 | €186,278 | +€53,305 | +40.1% |
| Total equity and liabilities | 10/49 | €728,205 | €675,015 | -€53,190 | -7.3% |
| Equity | 10/15 | €577,829 | €459,991 | -€117,838 | -20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €571,629 | €453,791 | -€117,838 | -20.6% |
| Non-distributable reserves | 130/1 | €3,746 | €3,746 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,746 | €3,746 | = | 0.0% |
| Distributable reserves | 133 | €567,883 | €450,045 | -€117,838 | -20.8% |
| Amounts payable | 17/49 | €150,376 | €215,024 | +€64,648 | +43.0% |
| Amounts payable after more than one year | 17 | €76,330 | €39,119 | -€37,211 | -48.8% |
| Financial debts | 170/4 | €76,330 | €39,119 | -€37,211 | -48.8% |
| Amounts payable within one year | 42/48 | €74,046 | €175,905 | +€101,859 | +137.6% |
| Current portion of amounts payable after more than one year | 42 | €39,572 | €37,211 | -€2,361 | -6.0% |
| Trade debts | 44 | €3,249 | €9,066 | +€5,817 | +179.0% |
| Suppliers | 440/4 | €3,249 | €9,066 | +€5,817 | +179.0% |
| Taxes, remuneration and social security | 45 | €31,225 | €94,585 | +€63,360 | +202.9% |
| Taxes | 450/3 | €31,225 | €94,585 | +€63,360 | +202.9% |
| Other amounts payable | 47/48 | - | €35,043 | +€35,043 | |
| Remuneration, social security and pensions | 62 | €2,858 | €4,700 | +€1,842 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,487 | €34,409 | -€39,078 | -53.2% |
| Other operating charges | 640/8 | €6,092 | €7,958 | +€1,866 | +30.6% |
| Gross operating margin | 9900 | €234,597 | €261,467 | +€26,870 | +11.5% |
| Operating profit (loss) | 9901 | €152,160 | €214,400 | +€62,240 | +40.9% |
| Financial income | 75/76B | €22,710 | €28,262 | +€5,552 | +24.4% |
| Recurring financial income | 75 | €22,710 | €28,262 | +€5,552 | +24.4% |
| Financial charges | 65/66B | €4,520 | €13,150 | +€8,630 | +190.9% |
| Recurring financial charges | 65 | €4,520 | €13,150 | +€8,630 | +190.9% |
| Profit (loss) for the period before taxes | 9903 | €170,350 | €229,512 | +€59,162 | +34.7% |
| Income taxes | 67/77 | €58,374 | €77,928 | +€19,554 | +33.5% |
| Profit (loss) for the period | 9904 | €111,976 | €151,584 | +€39,608 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,976 | €151,584 | +€39,608 | +35.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.