PREMIUM MANAGEMENT: 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.
PREMIUM MANAGEMENT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Current portion of long-term debt -€60,543
down €60,543 (-100%), from €60,543 to €0
- Reserves +€42,896
up €42,896 (+11.8%), from €362,603 to €405,499
- Short-term financial debts +€9,965
up €9,965 (+39.8%), from €25,036 to €35,001
- Other debts +€6,836
new in 2025: €6,836
- Tax, wage and social debts -€6,829
down €6,829 (-18.9%), from €36,094 to €29,265
- Financial income +€409,627
up €409,627 (+365%), from €112,373 to €522,000
of which Non-recurring financial income: +€412,000
- Write-downs -€215,256
down €215,256, from €107,628 to -€107,628
- Other operating charges +€55,406
up €55,406 (+3,537%), from €1,567 to €56,973
- Gross operating margin -€30,916
down €30,916 (-68.6%), from €45,048 to €14,132
- Financial charges +€14,478
up €14,478 (+2.7%), from €528,580 to €543,057
of which Financial charges: +€14,478
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 | €590,826 | €588,672 | -€2,155 | -0.4% |
| Fixed assets | 21/28 | €168,611 | €168,899 | +€287 | +0.2% |
| Tangible fixed assets | 22/27 | - | €287 | +€287 | |
| Furniture and vehicles | 24 | - | €287 | +€287 | |
| Financial fixed assets | 28 | €168,611 | €168,611 | = | 0.0% |
| Current assets | 29/58 | €422,215 | €419,773 | -€2,442 | -0.6% |
| Amounts receivable within one year | 40/41 | €417,505 | €414,444 | -€3,062 | -0.7% |
| Trade receivables | 40 | €12,895 | €13,498 | +€603 | +4.7% |
| Other amounts receivable | 41 | €404,610 | €400,946 | -€3,664 | -0.9% |
| Cash at bank and in hand | 54/58 | - | €20 | +€20 | |
| Deferred charges and accrued income | 490/1 | €4,709 | €5,309 | +€599 | +12.7% |
| Total equity and liabilities | 10/49 | €590,826 | €588,672 | -€2,155 | -0.4% |
| Equity | 10/15 | €457,103 | €499,999 | +€42,896 | +9.4% |
| Contributions | 10/11 | €94,500 | €94,500 | = | 0.0% |
| Reserves | 13 | €362,603 | €405,499 | +€42,896 | +11.8% |
| Distributable reserves | 133 | €362,603 | €405,499 | +€42,896 | +11.8% |
| Amounts payable | 17/49 | €133,723 | €88,673 | -€45,051 | -33.7% |
| Amounts payable within one year | 42/48 | €133,723 | €88,673 | -€45,051 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €60,543 | €0 | -€60,543 | -100% |
| Financial debts | 43 | €25,036 | €35,001 | +€9,965 | +39.8% |
| Credit institutions | 430/8 | €25,036 | €35,001 | +€9,965 | +39.8% |
| Trade debts | 44 | €12,050 | €17,571 | +€5,521 | +45.8% |
| Suppliers | 440/4 | €12,050 | €17,571 | +€5,521 | +45.8% |
| Taxes, remuneration and social security | 45 | €36,094 | €29,265 | -€6,829 | -18.9% |
| Taxes | 450/3 | €36,094 | €29,265 | -€6,829 | -18.9% |
| Other amounts payable | 47/48 | - | €6,836 | +€6,836 | |
| Non-recurring operating income | 76A | - | €12,980 | +€12,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €115 | +€115 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €107,628 | -€107,628 | -€215,256 | |
| Other operating charges | 640/8 | €1,567 | €56,973 | +€55,406 | +3,537% |
| Gross operating margin | 9900 | €45,048 | €14,132 | -€30,916 | -68.6% |
| Operating profit (loss) | 9901 | -€64,147 | €64,673 | +€128,820 | |
| Financial income | 75/76B | €112,373 | €522,000 | +€409,627 | +365% |
| Recurring financial income | 75 | €2,373 | €0 | -€2,373 | -100% |
| Non-recurring financial income | 76B | €110,000 | €522,000 | +€412,000 | +375% |
| Financial charges | 65/66B | €528,580 | €543,057 | +€14,478 | +2.7% |
| Recurring financial charges | 65 | €6,580 | €21,057 | +€14,478 | +220% |
| Non-recurring financial charges | 66B | €522,000 | €522,000 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€480,355 | €43,615 | +€523,970 | |
| Income taxes | 67/77 | €262 | €719 | +€457 | +175% |
| Profit (loss) for the period | 9904 | -€480,616 | €42,896 | +€523,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€480,616 | €42,896 | +€523,512 |
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 15 October 2026 via checked.be.