ROUTE 39 STATION: 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.
ROUTE 39 STATION
Largest movements
- Current investments +€550,306
up €550,306 (+306%), from €179,988 to €730,293
- Cash -€385,025
down €385,025 (-61.8%), from €623,087 to €238,062
mainly Current investments (-€550,306) and Other debts (-€21,395)
- Receivables within one year -€219,023
down €219,023 (-65.6%), from €334,045 to €115,022
of which Other amounts receivable: -€219,023
- Other debts -€21,395
down €21,395 (-24.2%), from €88,549 to €67,155
- Profit (loss) carried forward -€17,627
down €17,627 (-42.8%), from -€41,193 to -€58,820
- Trade debts -€14,721
down €14,721 (-96.2%), from €15,304 to €583
- Gross operating margin -€41,249
down €41,249, from €17,791 to -€23,458
- Staff costs -€16,210
down €16,210 (-100%), from €16,210 to €0
- Financial income -€11,923
down €11,923 (-63.7%), from €18,718 to €6,795
- Financial charges -€4,544
down €4,544 (-98.5%), from €4,612 to €68
- Other operating charges -€1,708
down €1,708 (-65.6%), from €2,604 to €896
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 | €1,137,120 | €1,083,377 | -€53,743 | -4.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,137,120 | €1,083,377 | -€53,743 | -4.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €334,045 | €115,022 | -€219,023 | -65.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €334,045 | €115,022 | -€219,023 | -65.6% |
| Current investments | 50/53 | €179,988 | €730,293 | +€550,306 | +306% |
| Cash at bank and in hand | 54/58 | €623,087 | €238,062 | -€385,025 | -61.8% |
| Total equity and liabilities | 10/49 | €1,137,120 | €1,083,377 | -€53,743 | -4.7% |
| Equity | 10/15 | €1,033,267 | €1,015,640 | -€17,627 | -1.7% |
| Contributions | 10/11 | €426,400 | €426,400 | = | 0.0% |
| Reserves | 13 | €648,060 | €648,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €646,200 | €646,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,193 | -€58,820 | -€17,627 | -42.8% |
| Amounts payable | 17/49 | €103,853 | €67,737 | -€36,116 | -34.8% |
| Amounts payable within one year | 42/48 | €103,853 | €67,737 | -€36,116 | -34.8% |
| Trade debts | 44 | €15,304 | €583 | -€14,721 | -96.2% |
| Suppliers | 440/4 | €15,304 | €583 | -€14,721 | -96.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €88,549 | €67,155 | -€21,395 | -24.2% |
| Remuneration, social security and pensions | 62 | €16,210 | €0 | -€16,210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €0 | -€940 | -100% |
| Other operating charges | 640/8 | €2,604 | €896 | -€1,708 | -65.6% |
| Gross operating margin | 9900 | €17,791 | -€23,458 | -€41,249 | |
| Operating profit (loss) | 9901 | -€1,963 | -€24,354 | -€22,391 | -1,140% |
| Financial income | 75/76B | €18,718 | €6,795 | -€11,923 | -63.7% |
| Recurring financial income | 75 | €18,718 | €6,795 | -€11,923 | -63.7% |
| Financial charges | 65/66B | €4,612 | €68 | -€4,544 | -98.5% |
| Recurring financial charges | 65 | €4,612 | €68 | -€4,544 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €12,143 | -€17,627 | -€29,770 | |
| Profit (loss) for the period | 9904 | €12,143 | -€17,627 | -€29,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,143 | -€17,627 | -€29,770 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.