SAY IT: 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.
SAY IT
Largest movements
- Financial fixed assets -€33,000
down €33,000 (-4.2%), from €783,000 to €750,000
- Receivables within one year +€11,712
up €11,712 (+206%), from €5,677 to €17,388
of which Other amounts receivable: +€7,159
- Trade debts +€69,862
up €69,862 (+1,155%), from €6,050 to €75,912
- Debts after one year -€68,454
down €68,454 (-11.8%), from €578,819 to €510,365
- Other debts -€31,915
down €31,915 (-49.2%), from €64,915 to €33,000
- Profit (loss) carried forward +€12,425
up €12,425 (+9.9%), from €125,225 to €137,650
- Gross operating margin -€6,393
down €6,393 (-12.9%), from €49,503 to €43,110
- Other operating charges +€4,184
up €4,184 (+307%), from €1,363 to €5,548
- Taxes -€2,295
down €2,295 (-32.2%), from €7,120 to €4,825
- Financial charges -€2,107
down €2,107 (-15.3%), from €13,750 to €11,643
- Financial income -€851
no longer reported in 2025 (was €851)
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 | €1,115,552 | €1,088,524 | -€27,028 | -2.4% |
| Fixed assets | 21/28 | €1,100,607 | €1,058,937 | -€41,670 | -3.8% |
| Tangible fixed assets | 22/27 | €317,607 | €308,937 | -€8,670 | -2.7% |
| Land and buildings | 22 | €317,607 | €308,937 | -€8,670 | -2.7% |
| Financial fixed assets | 28 | €783,000 | €750,000 | -€33,000 | -4.2% |
| Current assets | 29/58 | €14,946 | €29,588 | +€14,642 | +98.0% |
| Amounts receivable within one year | 40/41 | €5,677 | €17,388 | +€11,712 | +206% |
| Trade receivables | 40 | €2,689 | €7,241 | +€4,553 | +169% |
| Other amounts receivable | 41 | €2,988 | €10,147 | +€7,159 | +240% |
| Cash at bank and in hand | 54/58 | €9,269 | €12,200 | +€2,931 | +31.6% |
| Total equity and liabilities | 10/49 | €1,115,552 | €1,088,524 | -€27,028 | -2.4% |
| Equity | 10/15 | €381,825 | €394,250 | +€12,425 | +3.3% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €31,600 | €31,600 | = | 0.0% |
| Distributable reserves | 133 | €31,600 | €31,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,225 | €137,650 | +€12,425 | +9.9% |
| Amounts payable | 17/49 | €733,727 | €694,274 | -€39,453 | -5.4% |
| Amounts payable after more than one year | 17 | €578,819 | €510,365 | -€68,454 | -11.8% |
| Financial debts | 170/4 | €578,819 | €510,365 | -€68,454 | -11.8% |
| Amounts payable within one year | 42/48 | €154,909 | €183,909 | +€29,001 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €73,886 | €74,997 | +€1,111 | +1.5% |
| Trade debts | 44 | €6,050 | €75,912 | +€69,862 | +1,155% |
| Suppliers | 440/4 | €6,050 | €75,912 | +€69,862 | +1,155% |
| Taxes, remuneration and social security | 45 | €10,057 | - | -€10,057 | |
| Taxes | 450/3 | €10,057 | - | -€10,057 | |
| Other amounts payable | 47/48 | €64,915 | €33,000 | -€31,915 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,911 | €8,670 | -€241 | -2.7% |
| Other operating charges | 640/8 | €1,363 | €5,548 | +€4,184 | +307% |
| Gross operating margin | 9900 | €49,503 | €43,110 | -€6,393 | -12.9% |
| Operating profit (loss) | 9901 | €39,229 | €28,892 | -€10,336 | -26.3% |
| Financial income | 75/76B | €851 | - | -€851 | |
| Recurring financial income | 75 | €851 | - | -€851 | |
| Financial charges | 65/66B | €13,750 | €11,643 | -€2,107 | -15.3% |
| Recurring financial charges | 65 | €13,750 | €11,643 | -€2,107 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €26,330 | €17,250 | -€9,081 | -34.5% |
| Income taxes | 67/77 | €7,120 | €4,825 | -€2,295 | -32.2% |
| Profit (loss) for the period | 9904 | €19,210 | €12,425 | -€6,785 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,210 | €12,425 | -€6,785 | -35.3% |
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 27 October 2026 via checked.be.