PRESIDENTS: 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.
PRESIDENTS
Largest movements
- Receivables after one year +€954,470
up €954,470 (+10,241%), from €9,320 to €963,790
of which Other amounts receivable: +€947,720
- Cash -€566,698
down €566,698 (-43.4%), from €1.3m to €739,272
mainly Receivables after one year (-€954,470) and Debts after one year (-€30,950)
- Tangible fixed assets -€56,450
down €56,450 (-5.8%), from €979,265 to €922,815
of which Other tangible fixed assets: -€30,004
- Reserves +€325,000
up €325,000 (+11.4%), from €2.9m to €3.2m
of which Distributable reserves: +€325,000
- Turnover -€253,132
no longer reported in 2025 (was €253,132)
- Purchases and services -€178,549
no longer reported in 2025 (was €178,549)
- Financial income +€83,583
up €83,583 (+34.6%), from €241,418 to €325,001
- Gross operating margin +€57,510
up €57,510 (+77.1%), from €74,583 to €132,092
- Financial charges +€8,471
up €8,471 (+72.1%), from €11,751 to €20,222
of which Non-recurring financial charges: +€9,320
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 | €3,315,417 | €3,628,832 | +€313,415 | +9.5% |
| Fixed assets | 21/28 | €1,989,265 | €1,922,860 | -€66,405 | -3.3% |
| Tangible fixed assets | 22/27 | €979,265 | €922,815 | -€56,450 | -5.8% |
| Land and buildings | 22 | €779,234 | €752,788 | -€26,446 | -3.4% |
| Other tangible fixed assets | 26 | €200,031 | €170,027 | -€30,004 | -15.0% |
| Financial fixed assets | 28 | €1,010,000 | €1,000,045 | -€9,955 | -1.0% |
| Current assets | 29/58 | €1,326,152 | €1,705,971 | +€379,820 | +28.6% |
| Amounts receivable after more than one year | 29 | €9,320 | €963,790 | +€954,470 | +10,241% |
| Trade receivables | 290 | - | €6,750 | +€6,750 | |
| Other amounts receivable | 291 | €9,320 | €957,040 | +€947,720 | +10,168% |
| Amounts receivable within one year | 40/41 | €3,587 | €166 | -€3,421 | -95.4% |
| Other amounts receivable | 41 | €3,587 | €166 | -€3,421 | -95.4% |
| Cash at bank and in hand | 54/58 | €1,305,969 | €739,272 | -€566,698 | -43.4% |
| Deferred charges and accrued income | 490/1 | €7,275 | €2,744 | -€4,531 | -62.3% |
| Total equity and liabilities | 10/49 | €3,315,417 | €3,628,832 | +€313,415 | +9.5% |
| Equity | 10/15 | €2,879,666 | €3,224,088 | +€344,421 | +12.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,860,539 | €3,185,539 | +€325,000 | +11.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €2,858,639 | €3,183,639 | +€325,000 | +11.4% |
| Profit (loss) carried forward | 14 | €127 | €19,548 | +€19,421 | +15,271% |
| Amounts payable | 17/49 | €435,750 | €404,744 | -€31,006 | -7.1% |
| Amounts payable after more than one year | 17 | €362,441 | €331,491 | -€30,950 | -8.5% |
| Financial debts | 170/4 | €362,441 | €331,491 | -€30,950 | -8.5% |
| Amounts payable within one year | 42/48 | €73,309 | €73,253 | -€56 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €40,302 | €41,078 | +€776 | +1.9% |
| Trade debts | 44 | €8,253 | €8,942 | +€688 | +8.3% |
| Suppliers | 440/4 | €8,253 | €8,942 | +€688 | +8.3% |
| Taxes, remuneration and social security | 45 | €13,950 | €10,827 | -€3,123 | -22.4% |
| Taxes | 450/3 | €11,262 | €8,111 | -€3,150 | -28.0% |
| Remuneration and social security | 454/9 | €2,688 | €2,716 | +€27 | +1.0% |
| Other amounts payable | 47/48 | €10,804 | €12,406 | +€1,603 | +14.8% |
| Turnover | 70 | €253,132 | - | -€253,132 | |
| Goods, raw materials, services and sundry goods | 60/61 | €178,549 | - | -€178,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,998 | €56,450 | +€7,452 | +15.2% |
| Other operating charges | 640/8 | €8,972 | €6,000 | -€2,972 | -33.1% |
| Gross operating margin | 9900 | €74,583 | €132,092 | +€57,510 | +77.1% |
| Operating profit (loss) | 9901 | €16,613 | €69,643 | +€53,030 | +319% |
| Financial income | 75/76B | €241,418 | €325,001 | +€83,583 | +34.6% |
| Recurring financial income | 75 | €241,418 | €325,001 | +€83,583 | +34.6% |
| Financial charges | 65/66B | €11,751 | €20,222 | +€8,471 | +72.1% |
| Recurring financial charges | 65 | €11,751 | €10,902 | -€849 | -7.2% |
| Non-recurring financial charges | 66B | - | €9,320 | +€9,320 | |
| Profit (loss) for the period before taxes | 9903 | €246,279 | €374,421 | +€128,142 | +52.0% |
| Income taxes | 67/77 | €31,152 | €30,000 | -€1,152 | -3.7% |
| Profit (loss) for the period | 9904 | €215,127 | €344,421 | +€129,294 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €215,127 | €344,421 | +€129,294 | +60.1% |
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 28 October 2026 via checked.be.