RESTORE: 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.
RESTORE
Largest movements
- Tangible fixed assets -€81,821
down €81,821 (-24.3%), from €337,324 to €255,503
of which Land and buildings: -€91,015
- Receivables within one year -€11,609
down €11,609 (-29.4%), from €39,464 to €27,855
of which Trade receivables: -€8,669
- Stocks and contracts -€8,909
down €8,909 (-11.0%), from €80,843 to €71,934
of which Stocks: -€20,867
- Other debts -€47,030
down €47,030 (-54.0%), from €87,040 to €40,010
- Profit (loss) carried forward -€27,707
down €27,707 (-66.8%), from €41,498 to €13,791
- Short-term financial debts -€15,572
no longer reported in 2025 (was €15,572)
- Tax, wage and social debts -€14,604
down €14,604 (-27.5%), from €53,143 to €38,539
of which Remuneration and social security: -€12,373
- Trade debts +€7,864
up €7,864 (+27.7%), from €28,429 to €36,293
- Gross operating margin -€92,191
down €92,191 (-40.9%), from €225,399 to €133,207
- Staff costs -€47,843
down €47,843 (-29.0%), from €164,947 to €117,104
- Financial charges +€7,314
up €7,314 (+60.7%), from €12,044 to €19,358
- Financial income +€7,108
up €7,108 (+968.0%), from €734 to €7,843
- Depreciation -€3,950
down €3,950 (-12.3%), from €32,238 to €28,288
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 | €552,939 | €454,057 | -€98,882 | -17.9% |
| Fixed assets | 21/28 | €337,324 | €255,503 | -€81,821 | -24.3% |
| Tangible fixed assets | 22/27 | €337,324 | €255,503 | -€81,821 | -24.3% |
| Land and buildings | 22 | €242,552 | €151,536 | -€91,015 | -37.5% |
| Plant, machinery and equipment | 23 | €73,724 | €86,892 | +€13,167 | +17.9% |
| Furniture and vehicles | 24 | €1,614 | €1,027 | -€587 | -36.4% |
| Other tangible fixed assets | 26 | €19,434 | €16,047 | -€3,386 | -17.4% |
| Current assets | 29/58 | €215,616 | €198,555 | -€17,061 | -7.9% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €80,843 | €71,934 | -€8,909 | -11.0% |
| Stocks | 30/36 | €80,843 | €59,975 | -€20,867 | -25.8% |
| Contracts in progress | 37 | - | €11,959 | +€11,959 | |
| Amounts receivable within one year | 40/41 | €39,464 | €27,855 | -€11,609 | -29.4% |
| Trade receivables | 40 | €33,052 | €24,383 | -€8,669 | -26.2% |
| Other amounts receivable | 41 | €6,412 | €3,472 | -€2,940 | -45.9% |
| Cash at bank and in hand | 54/58 | - | €3,766 | +€3,766 | |
| Deferred charges and accrued income | 490/1 | €309 | - | -€309 | |
| Total equity and liabilities | 10/49 | €552,939 | €454,057 | -€98,882 | -17.9% |
| Equity | 10/15 | €61,958 | €34,251 | -€27,707 | -44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,498 | €13,791 | -€27,707 | -66.8% |
| Amounts payable | 17/49 | €490,981 | €419,806 | -€71,175 | -14.5% |
| Amounts payable after more than one year | 17 | €276,658 | €268,894 | -€7,764 | -2.8% |
| Financial debts | 170/4 | €276,658 | €268,894 | -€7,764 | -2.8% |
| Amounts payable within one year | 42/48 | €212,114 | €147,833 | -€64,281 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €26,830 | €32,992 | +€6,162 | +23.0% |
| Financial debts | 43 | €15,572 | - | -€15,572 | |
| Credit institutions | 430/8 | €15,572 | - | -€15,572 | |
| Trade debts | 44 | €28,429 | €36,293 | +€7,864 | +27.7% |
| Suppliers | 440/4 | €28,429 | €36,293 | +€7,864 | +27.7% |
| Advances received on contracts in progress | 46 | €1,100 | - | -€1,100 | |
| Taxes, remuneration and social security | 45 | €53,143 | €38,539 | -€14,604 | -27.5% |
| Taxes | 450/3 | €8,684 | €6,453 | -€2,231 | -25.7% |
| Remuneration and social security | 454/9 | €44,459 | €32,086 | -€12,373 | -27.8% |
| Other amounts payable | 47/48 | €87,040 | €40,010 | -€47,030 | -54.0% |
| Accrued charges and deferred income | 492/3 | €2,209 | €3,079 | +€870 | +39.4% |
| Non-recurring operating income | 76A | €4,763 | €1,476 | -€3,287 | -69.0% |
| Remuneration, social security and pensions | 62 | €164,947 | €117,104 | -€47,843 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,238 | €28,288 | -€3,950 | -12.3% |
| Other operating charges | 640/8 | €3,983 | €743 | -€3,240 | -81.3% |
| Non-recurring operating charges | 66A | €4,248 | €3,152 | -€1,096 | -25.8% |
| Gross operating margin | 9900 | €225,399 | €133,207 | -€92,191 | -40.9% |
| Operating profit (loss) | 9901 | €19,984 | -€16,080 | -€36,064 | |
| Financial income | 75/76B | €734 | €7,843 | +€7,108 | +968.0% |
| Recurring financial income | 75 | €734 | €7,843 | +€7,108 | +968.0% |
| Financial charges | 65/66B | €12,044 | €19,358 | +€7,314 | +60.7% |
| Recurring financial charges | 65 | €12,044 | €19,358 | +€7,314 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €8,674 | -€27,596 | -€36,269 | |
| Income taxes | 67/77 | €112 | €111 | -€1 | -0.7% |
| Profit (loss) for the period | 9904 | €8,562 | -€27,707 | -€36,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,562 | -€27,707 | -€36,269 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.