QUOTED: 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.
QUOTED
Largest movements
- Current investments +€30,319
up €30,319 (+7.4%), from €409,082 to €439,401
- Tangible fixed assets -€29,159
down €29,159 (-5.4%), from €537,262 to €508,103
of which Land and buildings: -€28,380
- Cash -€18,252
down €18,252 (-7.0%), from €260,608 to €242,355
mainly Contributions, distributions and other (-€84,433) and Debts after one year (-€41,667)
- Debts after one year -€41,667
down €41,667 (-20.8%), from €200,001 to €158,334
- Reserves +€35,407
up €35,407 (+3.6%), from €970,898 to €1.0m
of which Distributable reserves: +€40,807
- Gross operating margin -€17,495
down €17,495 (-7.7%), from €228,282 to €210,787
- Taxes -€7,023
down €7,023 (-11.8%), from €59,444 to €52,421
- Depreciation +€4,290
up €4,290 (+12.7%), from €33,903 to €38,192
- Financial charges -€2,318
down €2,318 (-18.2%), from €12,707 to €10,390
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 | €1,263,088 | €1,238,227 | -€24,861 | -2.0% |
| Fixed assets | 21/28 | €539,779 | €510,608 | -€29,171 | -5.4% |
| Tangible fixed assets | 22/27 | €537,262 | €508,103 | -€29,159 | -5.4% |
| Land and buildings | 22 | €525,320 | €496,941 | -€28,380 | -5.4% |
| Furniture and vehicles | 24 | €8,360 | €9,868 | +€1,508 | +18.0% |
| Other tangible fixed assets | 26 | €3,581 | €1,294 | -€2,287 | -63.9% |
| Financial fixed assets | 28 | €2,517 | €2,505 | -€12 | -0.5% |
| Current assets | 29/58 | €723,309 | €727,619 | +€4,310 | +0.6% |
| Amounts receivable within one year | 40/41 | €43,931 | €37,498 | -€6,434 | -14.6% |
| Trade receivables | 40 | €36,171 | €25,909 | -€10,262 | -28.4% |
| Other amounts receivable | 41 | €7,760 | €11,588 | +€3,828 | +49.3% |
| Current investments | 50/53 | €409,082 | €439,401 | +€30,319 | +7.4% |
| Cash at bank and in hand | 54/58 | €260,608 | €242,355 | -€18,252 | -7.0% |
| Deferred charges and accrued income | 490/1 | €9,687 | €8,365 | -€1,323 | -13.7% |
| Total equity and liabilities | 10/49 | €1,263,088 | €1,238,227 | -€24,861 | -2.0% |
| Equity | 10/15 | €983,087 | €1,012,505 | +€29,418 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €970,898 | €1,006,305 | +€35,407 | +3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,226 | €826 | -€5,400 | -86.7% |
| Distributable reserves | 133 | €964,672 | €1,005,479 | +€40,807 | +4.2% |
| Profit (loss) carried forward | 14 | €5,989 | €0 | -€5,989 | -100% |
| Amounts payable | 17/49 | €280,000 | €225,722 | -€54,278 | -19.4% |
| Amounts payable after more than one year | 17 | €200,001 | €158,334 | -€41,667 | -20.8% |
| Financial debts | 170/4 | €200,001 | €158,334 | -€41,667 | -20.8% |
| Amounts payable within one year | 42/48 | €80,000 | €67,388 | -€12,612 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €41,667 | €41,667 | = | 0.0% |
| Trade debts | 44 | €10,107 | €6,606 | -€3,501 | -34.6% |
| Suppliers | 440/4 | €10,107 | €6,606 | -€3,501 | -34.6% |
| Taxes, remuneration and social security | 45 | €28,226 | €18,615 | -€9,611 | -34.1% |
| Taxes | 450/3 | €28,226 | €18,615 | -€9,611 | -34.1% |
| Other amounts payable | 47/48 | €0 | €500 | +€500 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,903 | €38,192 | +€4,290 | +12.7% |
| Other operating charges | 640/8 | €1,921 | €3,870 | +€1,949 | +101% |
| Gross operating margin | 9900 | €228,282 | €210,787 | -€17,495 | -7.7% |
| Operating profit (loss) | 9901 | €192,458 | €168,725 | -€23,733 | -12.3% |
| Financial income | 75/76B | €6,506 | €7,937 | +€1,431 | +22.0% |
| Recurring financial income | 75 | €6,506 | €7,937 | +€1,431 | +22.0% |
| Financial charges | 65/66B | €12,707 | €10,390 | -€2,318 | -18.2% |
| Recurring financial charges | 65 | €12,707 | €10,390 | -€2,318 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €186,256 | €166,272 | -€19,985 | -10.7% |
| Income taxes | 67/77 | €59,444 | €52,421 | -€7,023 | -11.8% |
| Profit (loss) for the period | 9904 | €126,813 | €113,851 | -€12,962 | -10.2% |
| Transfer from tax-exempt reserves | 789 | €32,040 | €5,400 | -€26,640 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €158,853 | €119,251 | -€39,602 | -24.9% |
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 17 October 2026 via checked.be.