ROOT: 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.
ROOT
Largest movements
- Cash +€87,931
up €87,931 (+192.4%), from €45,696 to €133,627
mainly Current investments (+€70,829) and Net result for the year (+€63,276)
- Tangible fixed assets +€80,381
up €80,381 (+1028.0%), from €7,819 to €88,199
of which Furniture and vehicles: +€50,477
- Current investments -€70,829
down €70,829 (-37.2%), from €190,592 to €119,763
- Deferred charges and accrued income -€23,955
down €23,955 (-90.9%), from €26,364 to €2,409
- Receivables within one year -€19,650
down €19,650 (-33.7%), from €58,225 to €38,575
of which Other amounts receivable: -€35,612
- Reserves +€63,276
up €63,276 (+26.3%), from €240,237 to €303,513
of which Distributable reserves: +€63,276
- Debts after one year +€37,027
new in 2025: €37,027
- Short-term financial debts -€32,169
down €32,169 (-97.3%), from €33,056 to €887
- Tax, wage and social debts -€13,126
down €13,126 (-68.2%), from €19,247 to €6,121
- Current portion of long-term debt +€10,169
new in 2025: €10,169
- Gross operating margin -€31,633
down €31,633 (-22.7%), from €139,067 to €107,434
- Taxes -€14,363
down €14,363 (-37.0%), from €38,845 to €24,481
- Depreciation +€13,318
up €13,318 (+390.7%), from €3,408 to €16,726
- Financial charges +€2,085
up €2,085 (+133.9%), from €1,557 to €3,642
- Other operating charges -€1,573
down €1,573 (-62.2%), from €2,527 to €954
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 | €328,721 | €382,574 | +€53,853 | +16.4% |
| Fixed assets | 21/28 | €7,844 | €88,199 | +€80,356 | +1024.4% |
| Tangible fixed assets | 22/27 | €7,819 | €88,199 | +€80,381 | +1028.0% |
| Land and buildings | 22 | €0 | €31,091 | +€31,091 | |
| Plant, machinery and equipment | 23 | €3,220 | €2,033 | -€1,187 | -36.9% |
| Furniture and vehicles | 24 | €4,598 | €55,075 | +€50,477 | +1097.7% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Current assets | 29/58 | €320,877 | €294,375 | -€26,502 | -8.3% |
| Amounts receivable within one year | 40/41 | €58,225 | €38,575 | -€19,650 | -33.7% |
| Trade receivables | 40 | €18,806 | €34,768 | +€15,962 | +84.9% |
| Other amounts receivable | 41 | €39,419 | €3,807 | -€35,612 | -90.3% |
| Current investments | 50/53 | €190,592 | €119,763 | -€70,829 | -37.2% |
| Cash at bank and in hand | 54/58 | €45,696 | €133,627 | +€87,931 | +192.4% |
| Deferred charges and accrued income | 490/1 | €26,364 | €2,409 | -€23,955 | -90.9% |
| Total equity and liabilities | 10/49 | €328,721 | €382,574 | +€53,853 | +16.4% |
| Equity | 10/15 | €260,237 | €323,513 | +€63,276 | +24.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €240,237 | €303,513 | +€63,276 | +26.3% |
| Tax-exempt reserves | 132 | €89 | €89 | = | 0.0% |
| Distributable reserves | 133 | €240,148 | €303,424 | +€63,276 | +26.3% |
| Amounts payable | 17/49 | €68,484 | €59,061 | -€9,422 | -13.8% |
| Amounts payable after more than one year | 17 | - | €37,027 | +€37,027 | |
| Financial debts | 170/4 | - | €37,027 | +€37,027 | |
| Amounts payable within one year | 42/48 | €66,757 | €18,973 | -€47,784 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,169 | +€10,169 | |
| Financial debts | 43 | €33,056 | €887 | -€32,169 | -97.3% |
| Credit institutions | 430/8 | €33,056 | €887 | -€32,169 | -97.3% |
| Trade debts | 44 | €6,978 | €1,764 | -€5,214 | -74.7% |
| Suppliers | 440/4 | €6,978 | €1,764 | -€5,214 | -74.7% |
| Taxes, remuneration and social security | 45 | €19,247 | €6,121 | -€13,126 | -68.2% |
| Taxes | 450/3 | €19,247 | €6,121 | -€13,126 | -68.2% |
| Other amounts payable | 47/48 | €7,476 | €31 | -€7,444 | -99.6% |
| Accrued charges and deferred income | 492/3 | €1,727 | €3,061 | +€1,334 | +77.3% |
| Non-recurring operating income | 76A | - | €14,118 | +€14,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,408 | €16,726 | +€13,318 | +390.7% |
| Other operating charges | 640/8 | €2,527 | €954 | -€1,573 | -62.2% |
| Non-recurring operating charges | 66A | €1,384 | €0 | -€1,384 | -100.0% |
| Gross operating margin | 9900 | €139,067 | €107,434 | -€31,633 | -22.7% |
| Operating profit (loss) | 9901 | €131,748 | €89,754 | -€41,994 | -31.9% |
| Financial income | 75/76B | €1,326 | €1,645 | +€320 | +24.1% |
| Recurring financial income | 75 | €1,326 | €1,645 | +€320 | +24.1% |
| Financial charges | 65/66B | €1,557 | €3,642 | +€2,085 | +133.9% |
| Recurring financial charges | 65 | €1,557 | €3,642 | +€2,085 | +133.9% |
| Profit (loss) for the period before taxes | 9903 | €131,516 | €87,757 | -€43,759 | -33.3% |
| Income taxes | 67/77 | €38,845 | €24,481 | -€14,363 | -37.0% |
| Profit (loss) for the period | 9904 | €92,672 | €63,276 | -€29,396 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,672 | €63,276 | -€29,396 | -31.7% |
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 5 October 2026 via checked.be.