QUESTION DE GOÛTS: 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.
QUESTION DE GOÛTS
Largest movements
- Tangible fixed assets -€17,523
down €17,523 (-4.9%), from €360,809 to €343,286
of which Land and buildings: -€12,667
- Receivables within one year +€14,721
up €14,721 (+820%), from €1,796 to €16,517
of which Trade receivables: +€12,124
- Stocks and contracts -€12,808
down €12,808 (-17.2%), from €74,500 to €61,691
- Debts after one year -€26,318
down €26,318 (-10.2%), from €256,922 to €230,604
- Trade debts +€16,126
up €16,126 (+45.8%), from €35,203 to €51,329
- Reserves +€13,000
up €13,000 (+19.7%), from €66,000 to €79,000
- Tax, wage and social debts -€9,316
down €9,316 (-22.0%), from €42,286 to €32,970
of which Remuneration and social security: -€8,849
- Other debts -€5,853
down €5,853 (-26.9%), from €21,768 to €15,915
- Gross operating margin -€19,150
down €19,150 (-6.8%), from €280,797 to €261,647
- Staff costs -€18,306
down €18,306 (-8.9%), from €204,630 to €186,324
- Taxes +€8,587
up €8,587 (+122%), from €7,029 to €15,616
- Depreciation -€7,792
down €7,792 (-34.2%), from €22,778 to €14,986
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 | €490,959 | €480,126 | -€10,833 | -2.2% |
| Fixed assets | 21/28 | €361,934 | €347,561 | -€14,373 | -4.0% |
| Tangible fixed assets | 22/27 | €360,809 | €343,286 | -€17,523 | -4.9% |
| Land and buildings | 22 | €355,147 | €342,480 | -€12,667 | -3.6% |
| Plant, machinery and equipment | 23 | €54 | €806 | +€752 | +1,406% |
| Furniture and vehicles | 24 | €4,933 | - | -€4,933 | |
| Other tangible fixed assets | 26 | €676 | - | -€676 | |
| Financial fixed assets | 28 | €1,125 | €4,275 | +€3,150 | +280% |
| Current assets | 29/58 | €129,025 | €132,565 | +€3,540 | +2.7% |
| Stocks and contracts in progress | 3 | €74,500 | €61,691 | -€12,808 | -17.2% |
| Stocks | 30/36 | €74,500 | €61,691 | -€12,808 | -17.2% |
| Amounts receivable within one year | 40/41 | €1,796 | €16,517 | +€14,721 | +820% |
| Trade receivables | 40 | €1,263 | €13,387 | +€12,124 | +960% |
| Other amounts receivable | 41 | €533 | €3,130 | +€2,597 | +487% |
| Cash at bank and in hand | 54/58 | €49,638 | €49,835 | +€197 | +0.4% |
| Deferred charges and accrued income | 490/1 | €3,092 | €4,523 | +€1,431 | +46.3% |
| Total equity and liabilities | 10/49 | €490,959 | €480,126 | -€10,833 | -2.2% |
| Equity | 10/15 | €108,873 | €122,990 | +€14,117 | +13.0% |
| Contributions | 10/11 | €21,120 | €21,120 | = | 0.0% |
| Reserves | 13 | €66,000 | €79,000 | +€13,000 | +19.7% |
| Distributable reserves | 133 | €66,000 | €79,000 | +€13,000 | +19.7% |
| Profit (loss) carried forward | 14 | €21,753 | €22,870 | +€1,117 | +5.1% |
| Amounts payable | 17/49 | €382,086 | €357,136 | -€24,951 | -6.5% |
| Amounts payable after more than one year | 17 | €256,922 | €230,604 | -€26,318 | -10.2% |
| Financial debts | 170/4 | €256,922 | €230,604 | -€26,318 | -10.2% |
| Amounts payable within one year | 42/48 | €125,165 | €126,532 | +€1,367 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €25,908 | €26,318 | +€410 | +1.6% |
| Trade debts | 44 | €35,203 | €51,329 | +€16,126 | +45.8% |
| Suppliers | 440/4 | €35,203 | €51,329 | +€16,126 | +45.8% |
| Taxes, remuneration and social security | 45 | €42,286 | €32,970 | -€9,316 | -22.0% |
| Taxes | 450/3 | €12,745 | €12,279 | -€466 | -3.7% |
| Remuneration and social security | 454/9 | €29,541 | €20,692 | -€8,849 | -30.0% |
| Other amounts payable | 47/48 | €21,768 | €15,915 | -€5,853 | -26.9% |
| Non-recurring operating income | 76A | - | €11,860 | +€11,860 | |
| Remuneration, social security and pensions | 62 | €204,630 | €186,324 | -€18,306 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,778 | €14,986 | -€7,792 | -34.2% |
| Other operating charges | 640/8 | €6,970 | €5,973 | -€996 | -14.3% |
| Non-recurring operating charges | 66A | €2,260 | €676 | -€1,584 | -70.1% |
| Gross operating margin | 9900 | €280,797 | €261,647 | -€19,150 | -6.8% |
| Operating profit (loss) | 9901 | €44,160 | €53,688 | +€9,528 | +21.6% |
| Financial income | 75/76B | €123 | €99 | -€25 | -20.0% |
| Recurring financial income | 75 | €15 | €11 | -€3 | -22.2% |
| Non-recurring financial income | 76B | €109 | €87 | -€21 | -19.7% |
| Financial charges | 65/66B | €7,309 | €8,053 | +€744 | +10.2% |
| Recurring financial charges | 65 | €7,309 | €8,053 | +€744 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €36,974 | €45,734 | +€8,759 | +23.7% |
| Income taxes | 67/77 | €7,029 | €15,616 | +€8,587 | +122% |
| Profit (loss) for the period | 9904 | €29,945 | €30,117 | +€172 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,945 | €30,117 | +€172 | +0.6% |
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 19 October 2026 via checked.be.