RESULTA: 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.
RESULTA
Largest movements
- Tangible fixed assets -€127,326
down €127,326 (-27.1%), from €469,624 to €342,299
of which Leasing and similar rights: -€112,004
- Receivables within one year -€13,787
down €13,787 (-28.3%), from €48,693 to €34,906
- Cash +€5,706
up €5,706 (+113%), from €5,069 to €10,774
mainly Depreciation (+€85,223) and Investment in fixed assets (net) (+€42,103)
- Debts after one year -€56,230
down €56,230 (-21.4%), from €262,379 to €206,149
of which Financial debts: -€90,771
- Profit (loss) carried forward -€44,624
down €44,624 (-139%), from -€32,210 to -€76,834
- Current portion of long-term debt -€26,949
down €26,949 (-22.9%), from €117,720 to €90,771
- Short-term financial debts -€10,987
no longer reported in 2025 (was €10,987)
- Gross operating margin -€106,182
down €106,182 (-21.9%), from €484,725 to €378,544
- Depreciation -€36,634
down €36,634 (-30.1%), from €121,857 to €85,223
- Staff costs -€16,875
down €16,875 (-6.3%), from €269,263 to €252,388
- Financial charges +€8,432
up €8,432 (+26.1%), from €32,315 to €40,747
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 | €549,669 | €411,905 | -€137,764 | -25.1% |
| Fixed assets | 21/28 | €472,184 | €344,858 | -€127,326 | -27.0% |
| Tangible fixed assets | 22/27 | €469,624 | €342,299 | -€127,326 | -27.1% |
| Plant, machinery and equipment | 23 | €4,846 | €3,599 | -€1,247 | -25.7% |
| Furniture and vehicles | 24 | €38,804 | €24,730 | -€14,074 | -36.3% |
| Leasing and similar rights | 25 | €425,974 | €313,970 | -€112,004 | -26.3% |
| Financial fixed assets | 28 | €2,560 | €2,560 | = | 0.0% |
| Current assets | 29/58 | €77,485 | €67,047 | -€10,438 | -13.5% |
| Amounts receivable within one year | 40/41 | €48,693 | €34,906 | -€13,787 | -28.3% |
| Trade receivables | 40 | €48,693 | €34,906 | -€13,787 | -28.3% |
| Cash at bank and in hand | 54/58 | €5,069 | €10,774 | +€5,706 | +113% |
| Deferred charges and accrued income | 490/1 | €23,723 | €21,366 | -€2,357 | -9.9% |
| Total equity and liabilities | 10/49 | €549,669 | €411,905 | -€137,764 | -25.1% |
| Equity | 10/15 | €70,750 | €26,126 | -€44,624 | -63.1% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €9,360 | €9,360 | = | 0.0% |
| Distributable reserves | 133 | €9,360 | €9,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,210 | -€76,834 | -€44,624 | -139% |
| Amounts payable | 17/49 | €478,919 | €385,779 | -€93,140 | -19.4% |
| Amounts payable after more than one year | 17 | €262,379 | €206,149 | -€56,230 | -21.4% |
| Financial debts | 170/4 | €208,005 | €117,234 | -€90,771 | -43.6% |
| Other amounts payable | 178/9 | €54,374 | €88,915 | +€34,540 | +63.5% |
| Amounts payable within one year | 42/48 | €216,527 | €179,618 | -€36,910 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €117,720 | €90,771 | -€26,949 | -22.9% |
| Financial debts | 43 | €10,987 | - | -€10,987 | |
| Credit institutions | 430/8 | €10,987 | - | -€10,987 | |
| Trade debts | 44 | €37,284 | €40,420 | +€3,136 | +8.4% |
| Suppliers | 440/4 | €37,284 | €40,420 | +€3,136 | +8.4% |
| Advances received on contracts in progress | 46 | €581 | €581 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €49,956 | €47,846 | -€2,110 | -4.2% |
| Taxes | 450/3 | €27,685 | €27,494 | -€191 | -0.7% |
| Remuneration and social security | 454/9 | €22,272 | €20,352 | -€1,920 | -8.6% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | +€0 | +3.1% |
| Non-recurring operating income | 76A | €27,172 | €88,691 | +€61,519 | +226% |
| Remuneration, social security and pensions | 62 | €269,263 | €252,388 | -€16,875 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,857 | €85,223 | -€36,634 | -30.1% |
| Other operating charges | 640/8 | €47,389 | €44,365 | -€3,025 | -6.4% |
| Gross operating margin | 9900 | €484,725 | €378,544 | -€106,182 | -21.9% |
| Operating profit (loss) | 9901 | €46,216 | -€3,432 | -€49,648 | |
| Financial income | 75/76B | €93 | €23 | -€69 | -74.8% |
| Recurring financial income | 75 | €93 | €23 | -€69 | -74.8% |
| Financial charges | 65/66B | €32,315 | €40,747 | +€8,432 | +26.1% |
| Recurring financial charges | 65 | €32,315 | €40,747 | +€8,432 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €13,993 | -€44,155 | -€58,149 | |
| Income taxes | 67/77 | €333 | €468 | +€135 | +40.6% |
| Profit (loss) for the period | 9904 | €13,660 | -€44,624 | -€58,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,660 | -€44,624 | -€58,284 |
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 15 October 2026 via checked.be.