RESPAN: 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.
RESPAN
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+101.1%), from €1.3m to €2.7m
of which Trade receivables: +€1.3m
- Cash -€1.0m
down €1.0m (-96.7%), from €1.0m to €34,844
mainly Receivables within one year (-€1.3m) and Contributions, distributions and other (-€291,573)
- Tangible fixed assets -€161,642
down €161,642 (-3.1%), from €5.1m to €5.0m
of which Land and buildings: -€157,162
- Other debts +€292,324
up €292,324 (+26.4%), from €1.1m to €1.4m
- Debts after one year -€282,675
down €282,675 (-10.1%), from €2.8m to €2.5m
- Reserves +€155,673
up €155,673 (+5.5%), from €2.8m to €3.0m
of which Distributable reserves: +€167,867
- Staff costs -€42,311
down €42,311 (-7.7%), from €551,035 to €508,725
- Other operating charges +€16,377
up €16,377 (+207.3%), from €7,901 to €24,277
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 | €7,509,271 | €7,690,573 | +€181,302 | +2.4% |
| Fixed assets | 21/28 | €5,134,259 | €4,972,617 | -€161,642 | -3.1% |
| Tangible fixed assets | 22/27 | €5,133,862 | €4,972,221 | -€161,642 | -3.1% |
| Land and buildings | 22 | €5,127,816 | €4,970,654 | -€157,162 | -3.1% |
| Plant, machinery and equipment | 23 | €6,046 | €1,567 | -€4,480 | -74.1% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €2,375,012 | €2,717,956 | +€342,944 | +14.4% |
| Amounts receivable within one year | 40/41 | €1,334,224 | €2,683,112 | +€1.3m | +101.1% |
| Trade receivables | 40 | €1,334,224 | €2,658,539 | +€1.3m | +99.3% |
| Other amounts receivable | 41 | €0 | €24,573 | +€24,573 | |
| Cash at bank and in hand | 54/58 | €1,040,788 | €34,844 | -€1.0m | -96.7% |
| Total equity and liabilities | 10/49 | €7,509,271 | €7,690,573 | +€181,302 | +2.4% |
| Equity | 10/15 | €3,083,068 | €3,238,741 | +€155,673 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,841,289 | €2,996,962 | +€155,673 | +5.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €242,873 | €230,680 | -€12,193 | -5.0% |
| Distributable reserves | 133 | €2,596,556 | €2,764,423 | +€167,867 | +6.5% |
| Profit (loss) carried forward | 14 | €223,188 | €223,188 | = | 0.0% |
| Provisions and deferred taxes | 16 | €77,224 | €73,160 | -€4,064 | -5.3% |
| Deferred taxes | 168 | €77,224 | €73,160 | -€4,064 | -5.3% |
| Amounts payable | 17/49 | €4,348,978 | €4,378,671 | +€29,693 | +0.7% |
| Amounts payable after more than one year | 17 | €2,796,804 | €2,514,130 | -€282,675 | -10.1% |
| Financial debts | 170/4 | €2,796,804 | €2,514,130 | -€282,675 | -10.1% |
| Amounts payable within one year | 42/48 | €1,550,523 | €1,862,891 | +€312,368 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €277,199 | €282,675 | +€5,476 | +2.0% |
| Trade debts | 44 | €19,157 | €38,793 | +€19,636 | +102.5% |
| Suppliers | 440/4 | €19,157 | €38,793 | +€19,636 | +102.5% |
| Taxes, remuneration and social security | 45 | €147,391 | €142,322 | -€5,068 | -3.4% |
| Taxes | 450/3 | €94,469 | €87,434 | -€7,035 | -7.4% |
| Remuneration and social security | 454/9 | €52,922 | €54,889 | +€1,967 | +3.7% |
| Other amounts payable | 47/48 | €1,106,777 | €1,399,101 | +€292,324 | +26.4% |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,650 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €551,035 | €508,725 | -€42,311 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,136 | €162,555 | +€4,419 | +2.8% |
| Other operating charges | 640/8 | €7,901 | €24,277 | +€16,377 | +207.3% |
| Gross operating margin | 9900 | €1,472,846 | €1,487,068 | +€14,223 | +1.0% |
| Operating profit (loss) | 9901 | €755,774 | €791,512 | +€35,738 | +4.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €114,979 | €126,959 | +€11,980 | +10.4% |
| Recurring financial charges | 65 | €114,979 | €126,959 | +€11,980 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €640,796 | €664,553 | +€23,756 | +3.7% |
| Transfer from deferred taxes | 780 | €4,064 | €4,064 | +€0 | 0.0% |
| Income taxes | 67/77 | €214,050 | €221,371 | +€7,321 | +3.4% |
| Profit (loss) for the period | 9904 | €430,811 | €447,246 | +€16,435 | +3.8% |
| Transfer from tax-exempt reserves | 789 | €12,193 | €12,193 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €443,004 | €459,439 | +€16,435 | +3.7% |
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 29 September 2026 via checked.be.