PROPERTY: 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.
PROPERTY
Largest movements
- Cash +€157,314
up €157,314 (+1,511%), from €10,409 to €167,723
mainly Current investments (+€150,000) and Depreciation (+€22,571)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€22,571
down €22,571 (-2.0%), from €1.1m to €1.1m
- Debts after one year -€18,680
down €18,680 (-14.3%), from €130,293 to €111,613
- Gross operating margin +€8,373
up €8,373 (+43.4%), from €19,284 to €27,657
- Financial income +€4,728
new in 2025: €4,728
- Financial charges -€288
down €288 (-10.8%), from €2,674 to €2,386
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 | €1,296,051 | €1,282,212 | -€13,839 | -1.1% |
| Fixed assets | 21/28 | €1,135,642 | €1,113,071 | -€22,571 | -2.0% |
| Tangible fixed assets | 22/27 | €1,135,642 | €1,113,071 | -€22,571 | -2.0% |
| Land and buildings | 22 | €1,135,642 | €1,113,071 | -€22,571 | -2.0% |
| Current assets | 29/58 | €160,409 | €169,141 | +€8,732 | +5.4% |
| Amounts receivable within one year | 40/41 | - | €1,418 | +€1,418 | |
| Other amounts receivable | 41 | - | €1,418 | +€1,418 | |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €10,409 | €167,723 | +€157,314 | +1,511% |
| Total equity and liabilities | 10/49 | €1,296,051 | €1,282,212 | -€13,839 | -1.1% |
| Equity | 10/15 | €1,136,478 | €1,141,026 | +€4,548 | +0.4% |
| Contributions | 10/11 | €1,255,000 | €1,255,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,522 | -€113,974 | +€4,548 | +3.8% |
| Amounts payable | 17/49 | €159,573 | €141,186 | -€18,387 | -11.5% |
| Amounts payable after more than one year | 17 | €130,293 | €111,613 | -€18,680 | -14.3% |
| Financial debts | 170/4 | €130,293 | €111,613 | -€18,680 | -14.3% |
| Amounts payable within one year | 42/48 | €29,279 | €29,572 | +€293 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €18,387 | €18,680 | +€293 | +1.6% |
| Other amounts payable | 47/48 | €10,892 | €10,892 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,571 | €22,571 | = | 0.0% |
| Other operating charges | 640/8 | €2,723 | €2,879 | +€156 | +5.7% |
| Gross operating margin | 9900 | €19,284 | €27,657 | +€8,373 | +43.4% |
| Operating profit (loss) | 9901 | -€6,010 | €2,207 | +€8,217 | |
| Financial income | 75/76B | - | €4,728 | +€4,728 | |
| Recurring financial income | 75 | - | €4,728 | +€4,728 | |
| Financial charges | 65/66B | €2,674 | €2,386 | -€288 | -10.8% |
| Recurring financial charges | 65 | €2,674 | €2,386 | -€288 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,684 | €4,548 | +€13,233 | |
| Profit (loss) for the period | 9904 | -€8,684 | €4,548 | +€13,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,684 | €4,548 | +€13,233 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.