Solutions d'optimisation patrimoniales: 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.
Solutions d'optimisation patrimoniales
Largest movements
- Receivables within one year -€267,591
down €267,591 (-76.0%), from €351,984 to €84,394
of which Other amounts receivable: -€201,887
- Financial fixed assets +€240,000
up €240,000 (+46.2%), from €519,067 to €759,067
- Receivables after one year +€223,000
up €223,000 (+70.3%), from €317,000 to €540,000
- Reserves +€172,457
up €172,457 (+139%), from €123,943 to €296,400
- Other debts +€112,941
up €112,941 (+380%), from €29,753 to €142,694
- Debts after one year -€97,071
down €97,071 (-36.3%), from €267,324 to €170,253
- Trade debts -€81,273
down €81,273 (-72.9%), from €111,499 to €30,226
- Provisions +€57,486
up €57,486 (+37.2%), from €154,645 to €212,131
of which Deferred taxes: +€57,486
- Financial income +€229,943
new in 2025: €229,943
of which Financial income: +€229,943
- Gross operating margin +€12,465
up €12,465 (+88.0%), from €14,160 to €26,625
- Taxes +€3,957
up €3,957 (+375%), from €1,055 to €5,012
- Depreciation -€1,588
down €1,588 (-84.7%), from €1,876 to €288
- Financial charges -€1,304
down €1,304 (-19.8%), from €6,584 to €5,280
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 | €1,203,913 | €1,391,159 | +€187,246 | +15.6% |
| Fixed assets | 21/28 | €530,890 | €760,545 | +€229,655 | +43.3% |
| Tangible fixed assets | 22/27 | €11,822 | €1,477 | -€10,345 | -87.5% |
| Land and buildings | 22 | €9,778 | - | -€9,778 | |
| Furniture and vehicles | 24 | €1,765 | €1,477 | -€288 | -16.3% |
| Other tangible fixed assets | 26 | €280 | - | -€280 | |
| Financial fixed assets | 28 | €519,067 | €759,067 | +€240,000 | +46.2% |
| Current assets | 29/58 | €673,024 | €630,614 | -€42,410 | -6.3% |
| Amounts receivable after more than one year | 29 | €317,000 | €540,000 | +€223,000 | +70.3% |
| Other amounts receivable | 291 | €317,000 | €540,000 | +€223,000 | +70.3% |
| Amounts receivable within one year | 40/41 | €351,984 | €84,394 | -€267,591 | -76.0% |
| Trade receivables | 40 | €122,950 | €57,246 | -€65,704 | -53.4% |
| Other amounts receivable | 41 | €229,034 | €27,147 | -€201,887 | -88.1% |
| Cash at bank and in hand | 54/58 | €4,039 | €6,220 | +€2,181 | +54.0% |
| Total equity and liabilities | 10/49 | €1,203,913 | €1,391,159 | +€187,246 | +15.6% |
| Equity | 10/15 | €583,168 | €770,469 | +€187,300 | +32.1% |
| Contributions | 10/11 | €14,042 | €14,042 | = | 0.0% |
| Reserves | 13 | €123,943 | €296,400 | +€172,457 | +139% |
| Tax-exempt reserves | 132 | €123,943 | €296,400 | +€172,457 | +139% |
| Profit (loss) carried forward | 14 | €445,183 | €460,026 | +€14,843 | +3.3% |
| Provisions and deferred taxes | 16 | €154,645 | €212,131 | +€57,486 | +37.2% |
| Provisions for liabilities and charges | 160/5 | €113,331 | €113,331 | = | 0.0% |
| Other liabilities and charges | 164/5 | €113,331 | €113,331 | = | 0.0% |
| Deferred taxes | 168 | €41,314 | €98,800 | +€57,486 | +139% |
| Amounts payable | 17/49 | €466,099 | €408,559 | -€57,541 | -12.3% |
| Amounts payable after more than one year | 17 | €267,324 | €170,253 | -€97,071 | -36.3% |
| Financial debts | 170/4 | €267,324 | €170,253 | -€97,071 | -36.3% |
| Amounts payable within one year | 42/48 | €198,776 | €238,306 | +€39,530 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €54,675 | €51,313 | -€3,363 | -6.2% |
| Trade debts | 44 | €111,499 | €30,226 | -€81,273 | -72.9% |
| Suppliers | 440/4 | €111,499 | €30,226 | -€81,273 | -72.9% |
| Advances received on contracts in progress | 46 | €1,807 | €1,807 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,042 | €12,266 | +€11,225 | +1,078% |
| Taxes | 450/3 | €1,042 | €12,266 | +€11,225 | +1,078% |
| Other amounts payable | 47/48 | €29,753 | €142,694 | +€112,941 | +380% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,876 | €288 | -€1,588 | -84.7% |
| Other operating charges | 640/8 | €1,757 | €1,103 | -€654 | -37.2% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €14,160 | €26,625 | +€12,465 | +88.0% |
| Operating profit (loss) | 9901 | €10,528 | €25,134 | +€14,607 | +139% |
| Financial income | 75/76B | - | €229,943 | +€229,943 | |
| Recurring financial income | 75 | - | €229,943 | +€229,943 | |
| Non-recurring financial income | 76B | - | €229,943 | +€229,943 | |
| Financial charges | 65/66B | €6,584 | €5,280 | -€1,304 | -19.8% |
| Recurring financial charges | 65 | €6,584 | €5,280 | -€1,304 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €3,944 | €249,798 | +€245,854 | +6,234% |
| Transfer to deferred taxes | 680 | - | €57,486 | +€57,486 | |
| Income taxes | 67/77 | €1,055 | €5,012 | +€3,957 | +375% |
| Profit (loss) for the period | 9904 | €2,889 | €187,300 | +€184,411 | +6,382% |
| Transfer to tax-exempt reserves | 689 | - | €172,457 | +€172,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,889 | €14,843 | +€11,954 | +414% |
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 20 October 2026 via checked.be.