QUESS: 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.
QUESS
Largest movements
- Tangible fixed assets -€23,168
down €23,168 (-8.8%), from €262,090 to €238,922
of which Land and buildings: -€13,445
- Receivables within one year -€17,785
down €17,785 (-48.7%), from €36,556 to €18,771
of which Trade receivables: -€11,710
- Cash -€12,070
down €12,070 (-8.8%), from €136,636 to €124,566
mainly Contributions, distributions and other (-€28,519) and Other debts (-€28,505)
- Other debts -€28,505
down €28,505 (-32.3%), from €88,237 to €59,732
- Debts after one year -€15,350
down €15,350 (-26.8%), from €57,272 to €41,921
- Reserves -€5,407
down €5,407 (-2.2%), from €249,107 to €243,700
- Gross operating margin +€22,762
up €22,762 (+52.4%), from €43,420 to €66,182
- Taxes +€6,400
up €6,400 (+156.4%), from €4,091 to €10,492
- Other operating charges -€869
down €869 (-25.1%), from €3,458 to €2,589
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 | €437,579 | €385,044 | -€52,535 | -12.0% |
| Fixed assets | 21/28 | €262,741 | €239,248 | -€23,494 | -8.9% |
| Intangible fixed assets | 21 | €652 | €326 | -€326 | -50.0% |
| Tangible fixed assets | 22/27 | €262,090 | €238,922 | -€23,168 | -8.8% |
| Land and buildings | 22 | €226,407 | €212,962 | -€13,445 | -5.9% |
| Furniture and vehicles | 24 | €34,267 | €25,245 | -€9,023 | -26.3% |
| Other tangible fixed assets | 26 | €1,415 | €715 | -€700 | -49.5% |
| Current assets | 29/58 | €174,837 | €145,796 | -€29,041 | -16.6% |
| Amounts receivable within one year | 40/41 | €36,556 | €18,771 | -€17,785 | -48.7% |
| Trade receivables | 40 | €30,482 | €18,771 | -€11,710 | -38.4% |
| Other amounts receivable | 41 | €6,075 | - | -€6,075 | |
| Cash at bank and in hand | 54/58 | €136,636 | €124,566 | -€12,070 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1,645 | €2,458 | +€814 | +49.5% |
| Total equity and liabilities | 10/49 | €437,579 | €385,044 | -€52,535 | -12.0% |
| Equity | 10/15 | €261,507 | €256,100 | -€5,407 | -2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,107 | €243,700 | -€5,407 | -2.2% |
| Distributable reserves | 133 | €249,107 | €243,700 | -€5,407 | -2.2% |
| Amounts payable | 17/49 | €176,072 | €128,943 | -€47,128 | -26.8% |
| Amounts payable after more than one year | 17 | €57,272 | €41,921 | -€15,350 | -26.8% |
| Financial debts | 170/4 | €57,272 | €41,921 | -€15,350 | -26.8% |
| Amounts payable within one year | 42/48 | €118,406 | €87,022 | -€31,384 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €15,152 | €15,350 | +€198 | +1.3% |
| Trade debts | 44 | €7,193 | €5,637 | -€1,556 | -21.6% |
| Suppliers | 440/4 | €7,193 | €5,637 | -€1,556 | -21.6% |
| Taxes, remuneration and social security | 45 | €7,823 | €6,303 | -€1,521 | -19.4% |
| Taxes | 450/3 | €5,956 | €6,303 | +€346 | +5.8% |
| Remuneration and social security | 454/9 | €1,867 | - | -€1,867 | |
| Other amounts payable | 47/48 | €88,237 | €59,732 | -€28,505 | -32.3% |
| Accrued charges and deferred income | 492/3 | €394 | - | -€394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,527 | €29,091 | +€563 | +2.0% |
| Other operating charges | 640/8 | €3,458 | €2,589 | -€869 | -25.1% |
| Non-recurring operating charges | 66A | - | €79 | +€79 | |
| Gross operating margin | 9900 | €43,420 | €66,182 | +€22,762 | +52.4% |
| Operating profit (loss) | 9901 | €11,435 | €34,424 | +€22,989 | +201.0% |
| Financial income | 75/76B | €480 | €660 | +€180 | +37.6% |
| Recurring financial income | 75 | €480 | €660 | +€180 | +37.6% |
| Financial charges | 65/66B | €1,932 | €1,481 | -€451 | -23.3% |
| Recurring financial charges | 65 | €1,932 | €1,481 | -€451 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €9,983 | €33,604 | +€23,620 | +236.6% |
| Income taxes | 67/77 | €4,091 | €10,492 | +€6,400 | +156.4% |
| Profit (loss) for the period | 9904 | €5,892 | €23,112 | +€17,220 | +292.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,892 | €23,112 | +€17,220 | +292.3% |
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 8 October 2026 via checked.be.