PRESS EX PRESS: 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.
PRESS EX PRESS
Largest movements
- Tangible fixed assets +€150,531
up €150,531 (+32.1%), from €469,235 to €619,766
of which Land and buildings: +€165,261
- Cash -€95,193
down €95,193 (-87.8%), from €108,381 to €13,187
mainly Investment in fixed assets (net) (-€238,838) and Contributions, distributions and other (-€42,333)
- Receivables within one year -€87,449
down €87,449 (-56.0%), from €156,214 to €68,766
of which Trade receivables: -€78,929
- Current portion of long-term debt +€42,899
up €42,899 (+52.0%), from €82,468 to €125,367
- Trade debts -€35,605
down €35,605 (-35.9%), from €99,104 to €63,498
- Other debts +€31,766
up €31,766 (+62.5%), from €50,798 to €82,564
- Reserves -€27,231
down €27,231 (-9.1%), from €299,700 to €272,469
of which Distributable reserves: -€27,000
- Debts after one year -€26,547
down €26,547 (-13.0%), from €204,114 to €177,567
- Gross operating margin -€90,542
down €90,542 (-28.2%), from €321,378 to €230,836
- Taxes -€23,266
down €23,266 (-63.8%), from €36,494 to €13,227
- Financial charges -€16,626
down €16,626 (-51.6%), from €32,212 to €15,585
- Depreciation +€7,317
up €7,317 (+8.9%), from €81,800 to €89,117
- Write-downs +€6,495
up €6,495, from -€6,495 to €0
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 | €790,876 | €753,404 | -€37,471 | -4.7% |
| Fixed assets | 21/28 | €473,504 | €623,225 | +€149,721 | +31.6% |
| Intangible fixed assets | 21 | €477 | €0 | -€477 | -100.0% |
| Tangible fixed assets | 22/27 | €469,235 | €619,766 | +€150,531 | +32.1% |
| Land and buildings | 22 | €243,661 | €408,923 | +€165,261 | +67.8% |
| Plant, machinery and equipment | 23 | €20,368 | €41,213 | +€20,845 | +102.3% |
| Furniture and vehicles | 24 | €140,525 | €99,983 | -€40,542 | -28.9% |
| Other tangible fixed assets | 26 | €64,682 | €69,648 | +€4,967 | +7.7% |
| Financial fixed assets | 28 | €3,792 | €3,459 | -€333 | -8.8% |
| Current assets | 29/58 | €317,371 | €130,179 | -€187,192 | -59.0% |
| Stocks and contracts in progress | 3 | €7,741 | €7,651 | -€90 | -1.2% |
| Stocks | 30/36 | €7,741 | €7,651 | -€90 | -1.2% |
| Amounts receivable within one year | 40/41 | €156,214 | €68,766 | -€87,449 | -56.0% |
| Trade receivables | 40 | €147,630 | €68,702 | -€78,929 | -53.5% |
| Other amounts receivable | 41 | €8,584 | €64 | -€8,520 | -99.3% |
| Cash at bank and in hand | 54/58 | €108,381 | €13,187 | -€95,193 | -87.8% |
| Deferred charges and accrued income | 490/1 | €45,035 | €40,575 | -€4,460 | -9.9% |
| Total equity and liabilities | 10/49 | €790,876 | €753,404 | -€37,471 | -4.7% |
| Equity | 10/15 | €321,507 | €294,331 | -€27,175 | -8.5% |
| Contributions | 10/11 | €21,800 | €21,800 | = | 0.0% |
| Reserves | 13 | €299,700 | €272,469 | -€27,231 | -9.1% |
| Tax-exempt reserves | 132 | €21,203 | €20,972 | -€231 | -1.1% |
| Distributable reserves | 133 | €278,497 | €251,497 | -€27,000 | -9.7% |
| Profit (loss) carried forward | 14 | €7 | €63 | +€56 | +809.9% |
| Provisions and deferred taxes | 16 | €575 | €456 | -€119 | -20.7% |
| Deferred taxes | 168 | €575 | €456 | -€119 | -20.7% |
| Amounts payable | 17/49 | €468,794 | €458,617 | -€10,177 | -2.2% |
| Amounts payable after more than one year | 17 | €204,114 | €177,567 | -€26,547 | -13.0% |
| Financial debts | 170/4 | €204,114 | €177,567 | -€26,547 | -13.0% |
| Amounts payable within one year | 42/48 | €259,012 | €275,300 | +€16,288 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €82,468 | €125,367 | +€42,899 | +52.0% |
| Trade debts | 44 | €99,104 | €63,498 | -€35,605 | -35.9% |
| Suppliers | 440/4 | €99,104 | €63,498 | -€35,605 | -35.9% |
| Taxes, remuneration and social security | 45 | €26,643 | €3,871 | -€22,771 | -85.5% |
| Taxes | 450/3 | €24,143 | €1,179 | -€22,965 | -95.1% |
| Remuneration and social security | 454/9 | €2,499 | €2,693 | +€193 | +7.7% |
| Other amounts payable | 47/48 | €50,798 | €82,564 | +€31,766 | +62.5% |
| Accrued charges and deferred income | 492/3 | €5,668 | €5,750 | +€82 | +1.5% |
| Non-recurring operating income | 76A | €3,406 | €0 | -€3,406 | -100.0% |
| Remuneration, social security and pensions | 62 | €87,497 | €82,320 | -€5,177 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,800 | €89,117 | +€7,317 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,495 | €0 | +€6,495 | |
| Other operating charges | 640/8 | €14,533 | €15,618 | +€1,085 | +7.5% |
| Non-recurring operating charges | 66A | €1,673 | €0 | -€1,673 | -100.0% |
| Gross operating margin | 9900 | €321,378 | €230,836 | -€90,542 | -28.2% |
| Operating profit (loss) | 9901 | €142,369 | €43,781 | -€98,588 | -69.2% |
| Financial income | 75/76B | €460 | €71 | -€389 | -84.6% |
| Recurring financial income | 75 | €460 | €71 | -€389 | -84.6% |
| Financial charges | 65/66B | €32,212 | €15,585 | -€16,626 | -51.6% |
| Recurring financial charges | 65 | €32,212 | €15,585 | -€16,626 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €110,617 | €28,266 | -€82,351 | -74.4% |
| Transfer from deferred taxes | 780 | €119 | €119 | = | 0.0% |
| Income taxes | 67/77 | €36,494 | €13,227 | -€23,266 | -63.8% |
| Profit (loss) for the period | 9904 | €74,243 | €15,158 | -€59,085 | -79.6% |
| Transfer from tax-exempt reserves | 789 | €231 | €231 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,474 | €15,389 | -€59,085 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.