S & S: 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.
S & S
Largest movements
- Receivables within one year +€86,101
up €86,101 (+183.5%), from €46,925 to €133,026
of which Other amounts receivable: +€108,971
- Tangible fixed assets -€20,710
down €20,710 (-3.2%), from €638,548 to €617,838
of which Furniture and vehicles: -€15,602
- Reserves +€31,204
up €31,204 (+8.6%), from €363,899 to €395,103
- Debts after one year +€23,631
up €23,631 (+7.2%), from €326,083 to €349,714
- Trade debts +€12,342
up €12,342 (+257.6%), from €4,791 to €17,134
- Other operating charges +€3,033
up €3,033 (+76.1%), from €3,986 to €7,018
- Depreciation -€1,850
down €1,850 (-3.8%), from €48,651 to €46,802
- Financial charges -€1,604
down €1,604 (-12.0%), from €13,349 to €11,745
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 | €773,291 | €840,888 | +€67,598 | +8.7% |
| Fixed assets | 21/28 | €638,548 | €617,838 | -€20,710 | -3.2% |
| Tangible fixed assets | 22/27 | €638,548 | €617,838 | -€20,710 | -3.2% |
| Land and buildings | 22 | €603,137 | €598,028 | -€5,108 | -0.8% |
| Furniture and vehicles | 24 | €35,411 | €19,809 | -€15,602 | -44.1% |
| Current assets | 29/58 | €134,742 | €223,051 | +€88,308 | +65.5% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,821 | €12,821 | = | 0.0% |
| Stocks | 30/36 | €12,821 | €12,821 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,925 | €133,026 | +€86,101 | +183.5% |
| Trade receivables | 40 | €26,578 | €3,709 | -€22,870 | -86.0% |
| Other amounts receivable | 41 | €20,347 | €129,317 | +€108,971 | +535.6% |
| Cash at bank and in hand | 54/58 | €259 | €927 | +€668 | +257.7% |
| Deferred charges and accrued income | 490/1 | €4,738 | €6,278 | +€1,540 | +32.5% |
| Total equity and liabilities | 10/49 | €773,291 | €840,888 | +€67,598 | +8.7% |
| Equity | 10/15 | €370,099 | €401,303 | +€31,204 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €363,899 | €395,103 | +€31,204 | +8.6% |
| Distributable reserves | 133 | €363,899 | €395,103 | +€31,204 | +8.6% |
| Amounts payable | 17/49 | €403,191 | €439,585 | +€36,394 | +9.0% |
| Amounts payable after more than one year | 17 | €326,083 | €349,714 | +€23,631 | +7.2% |
| Financial debts | 170/4 | €326,083 | €349,714 | +€23,631 | +7.2% |
| Amounts payable within one year | 42/48 | €77,108 | €89,871 | +€12,763 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €54,615 | €54,736 | +€121 | +0.2% |
| Financial debts | 43 | €3,843 | €3,663 | -€180 | -4.7% |
| Credit institutions | 430/8 | €3,843 | €3,663 | -€180 | -4.7% |
| Trade debts | 44 | €4,791 | €17,134 | +€12,342 | +257.6% |
| Suppliers | 440/4 | €4,791 | €17,134 | +€12,342 | +257.6% |
| Taxes, remuneration and social security | 45 | €13,859 | €14,338 | +€480 | +3.5% |
| Taxes | 450/3 | €13,859 | €14,338 | +€480 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,651 | €46,802 | -€1,850 | -3.8% |
| Other operating charges | 640/8 | €3,986 | €7,018 | +€3,033 | +76.1% |
| Gross operating margin | 9900 | €152,173 | €152,170 | -€2 | 0.0% |
| Operating profit (loss) | 9901 | €99,536 | €98,350 | -€1,186 | -1.2% |
| Financial income | 75/76B | €1,819 | €1,683 | -€136 | -7.5% |
| Recurring financial income | 75 | €1,819 | €1,683 | -€136 | -7.5% |
| Financial charges | 65/66B | €13,349 | €11,745 | -€1,604 | -12.0% |
| Recurring financial charges | 65 | €13,349 | €11,745 | -€1,604 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €88,005 | €88,288 | +€282 | +0.3% |
| Income taxes | 67/77 | €26,263 | €27,278 | +€1,016 | +3.9% |
| Profit (loss) for the period | 9904 | €61,743 | €61,009 | -€733 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,743 | €61,009 | -€733 | -1.2% |
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 1 October 2026 via checked.be.