PRESS LINE: 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.
PRESS LINE
Largest movements
- Stocks and contracts +€19,930
up €19,930 (+15.3%), from €130,500 to €150,430
- Cash -€18,953
down €18,953 (-78.7%), from €24,092 to €5,139
mainly Investment in fixed assets (net) (-€25,717) and Debts after one year (-€25,379)
- Receivables within one year +€7,122
up €7,122 (+14.4%), from €49,608 to €56,731
of which Other amounts receivable: +€3,716
- Other debts +€34,136
up €34,136 (+8.5%), from €400,456 to €434,591
- Profit (loss) carried forward +€30,566
up €30,566 (+6.8%), from -€451,748 to -€421,182
- Debts after one year -€25,379
down €25,379 (-20.9%), from €121,702 to €96,323
- Trade debts -€14,755
down €14,755 (-22.6%), from €65,380 to €50,625
- Current portion of long-term debt -€14,512
down €14,512 (-36.4%), from €39,891 to €25,379
- Gross operating margin -€17,069
down €17,069 (-4.6%), from €372,033 to €354,964
- Staff costs +€8,614
up €8,614 (+3.3%), from €258,396 to €267,010
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 | €324,074 | €329,209 | +€5,135 | +1.6% |
| Fixed assets | 21/28 | €117,256 | €113,100 | -€4,156 | -3.5% |
| Intangible fixed assets | 21 | €3,488 | €1,888 | -€1,600 | -45.9% |
| Tangible fixed assets | 22/27 | €111,352 | €108,796 | -€2,556 | -2.3% |
| Plant, machinery and equipment | 23 | €98,534 | €96,144 | -€2,390 | -2.4% |
| Furniture and vehicles | 24 | €12,818 | €12,652 | -€166 | -1.3% |
| Financial fixed assets | 28 | €2,416 | €2,416 | = | 0.0% |
| Current assets | 29/58 | €206,818 | €216,108 | +€9,291 | +4.5% |
| Stocks and contracts in progress | 3 | €130,500 | €150,430 | +€19,930 | +15.3% |
| Stocks | 30/36 | €130,500 | €150,430 | +€19,930 | +15.3% |
| Amounts receivable within one year | 40/41 | €49,608 | €56,731 | +€7,122 | +14.4% |
| Trade receivables | 40 | €29,188 | €32,594 | +€3,406 | +11.7% |
| Other amounts receivable | 41 | €20,420 | €24,136 | +€3,716 | +18.2% |
| Cash at bank and in hand | 54/58 | €24,092 | €5,139 | -€18,953 | -78.7% |
| Deferred charges and accrued income | 490/1 | €2,617 | €3,808 | +€1,192 | +45.5% |
| Total equity and liabilities | 10/49 | €324,074 | €329,209 | +€5,135 | +1.6% |
| Equity | 10/15 | -€332,546 | -€305,149 | +€27,397 | +8.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,103 | €7,103 | = | 0.0% |
| Distributable reserves | 133 | €7,103 | €7,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€451,748 | -€421,182 | +€30,566 | +6.8% |
| Investment grants | 15 | €12,098 | €8,929 | -€3,169 | -26.2% |
| Amounts payable | 17/49 | €656,620 | €634,358 | -€22,262 | -3.4% |
| Amounts payable after more than one year | 17 | €121,702 | €96,323 | -€25,379 | -20.9% |
| Financial debts | 170/4 | €121,702 | €96,323 | -€25,379 | -20.9% |
| Amounts payable within one year | 42/48 | €534,918 | €538,035 | +€3,117 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €39,891 | €25,379 | -€14,512 | -36.4% |
| Trade debts | 44 | €65,380 | €50,625 | -€14,755 | -22.6% |
| Suppliers | 440/4 | €65,380 | €50,625 | -€14,755 | -22.6% |
| Taxes, remuneration and social security | 45 | €29,191 | €27,439 | -€1,752 | -6.0% |
| Taxes | 450/3 | €3,112 | €1,082 | -€2,030 | -65.2% |
| Remuneration and social security | 454/9 | €26,080 | €26,357 | +€278 | +1.1% |
| Other amounts payable | 47/48 | €400,456 | €434,591 | +€34,136 | +8.5% |
| Remuneration, social security and pensions | 62 | €258,396 | €267,010 | +€8,614 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,884 | €29,873 | -€1,011 | -3.3% |
| Other operating charges | 640/8 | €3,556 | €2,675 | -€881 | -24.8% |
| Gross operating margin | 9900 | €372,033 | €354,964 | -€17,069 | -4.6% |
| Operating profit (loss) | 9901 | €79,196 | €55,407 | -€23,789 | -30.0% |
| Financial income | 75/76B | €4,403 | €3,645 | -€758 | -17.2% |
| Recurring financial income | 75 | €4,403 | €3,645 | -€758 | -17.2% |
| Financial charges | 65/66B | €25,548 | €28,128 | +€2,580 | +10.1% |
| Recurring financial charges | 65 | €25,548 | €28,128 | +€2,580 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €58,051 | €30,924 | -€27,128 | -46.7% |
| Income taxes | 67/77 | €341 | €357 | +€17 | +4.9% |
| Profit (loss) for the period | 9904 | €57,711 | €30,566 | -€27,144 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,711 | €30,566 | -€27,144 | -47.0% |
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 3 October 2026 via checked.be.