S & TB: 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.
S & TB
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€98,232
up €98,232 (+133%), from €73,807 to €172,039
mainly Current investments (+€150,000) and Net result for the year (+€125,861)
- Intangible fixed assets -€48,701
down €48,701 (-33.3%), from €146,104 to €97,403
- Tangible fixed assets -€16,178
down €16,178 (-2.8%), from €573,908 to €557,730
- Debts after one year -€203,100
no longer reported in 2025 (was €203,100)
- Reserves +€125,861
up €125,861 (+21.3%), from €591,554 to €717,415
of which Distributable reserves: +€125,861
- Current portion of long-term debt -€45,133
no longer reported in 2025 (was €45,133)
No income-statement line moved by more than 1% of the activity.
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 | €982,720 | €866,117 | -€116,602 | -11.9% |
| Fixed assets | 21/28 | €720,012 | €655,133 | -€64,880 | -9.0% |
| Intangible fixed assets | 21 | €146,104 | €97,403 | -€48,701 | -33.3% |
| Tangible fixed assets | 22/27 | €573,908 | €557,730 | -€16,178 | -2.8% |
| Land and buildings | 22 | €573,908 | €557,730 | -€16,178 | -2.8% |
| Current assets | 29/58 | €262,707 | €210,985 | -€51,722 | -19.7% |
| Amounts receivable within one year | 40/41 | €36,093 | €36,154 | +€61 | +0.2% |
| Trade receivables | 40 | €29,290 | €29,940 | +€650 | +2.2% |
| Other amounts receivable | 41 | €6,803 | €6,214 | -€589 | -8.7% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €73,807 | €172,039 | +€98,232 | +133% |
| Deferred charges and accrued income | 490/1 | €2,807 | €2,791 | -€16 | -0.6% |
| Total equity and liabilities | 10/49 | €982,720 | €866,117 | -€116,602 | -11.9% |
| Equity | 10/15 | €603,954 | €729,815 | +€125,861 | +20.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €591,554 | €717,415 | +€125,861 | +21.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €572,804 | €698,665 | +€125,861 | +22.0% |
| Amounts payable | 17/49 | €378,766 | €136,302 | -€242,463 | -64.0% |
| Amounts payable after more than one year | 17 | €203,100 | - | -€203,100 | |
| Financial debts | 170/4 | €203,100 | - | -€203,100 | |
| Amounts payable within one year | 42/48 | €167,713 | €127,527 | -€40,186 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €45,133 | - | -€45,133 | |
| Trade debts | 44 | €802 | - | -€802 | |
| Suppliers | 440/4 | €802 | - | -€802 | |
| Taxes, remuneration and social security | 45 | €14,505 | €14,687 | +€183 | +1.3% |
| Taxes | 450/3 | €14,505 | €14,687 | +€183 | +1.3% |
| Other amounts payable | 47/48 | €107,273 | €112,840 | +€5,567 | +5.2% |
| Accrued charges and deferred income | 492/3 | €7,953 | €8,775 | +€822 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,880 | €64,880 | = | 0.0% |
| Other operating charges | 640/8 | €2,999 | €3,083 | +€84 | +2.8% |
| Gross operating margin | 9900 | €253,661 | €253,682 | +€20 | 0.0% |
| Operating profit (loss) | 9901 | €185,783 | €185,719 | -€64 | 0.0% |
| Financial income | 75/76B | €1,306 | €2,633 | +€1,327 | +102% |
| Recurring financial income | 75 | €1,306 | €2,633 | +€1,327 | +102% |
| Financial charges | 65/66B | €11,502 | €10,916 | -€586 | -5.1% |
| Recurring financial charges | 65 | €11,502 | €10,916 | -€586 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €175,588 | €177,437 | +€1,849 | +1.1% |
| Income taxes | 67/77 | €51,087 | €51,576 | +€489 | +1.0% |
| Profit (loss) for the period | 9904 | €124,501 | €125,861 | +€1,360 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,501 | €125,861 | +€1,360 | +1.1% |
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 21 October 2026 via checked.be.