SOLVE FOR YOU: 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.
SOLVE FOR YOU
Largest movements
- Current investments -€38,555
down €38,555 (-24.6%), from €156,541 to €117,986
- Cash +€22,991
up €22,991 (+9.0%), from €254,534 to €277,525
mainly Net result for the year (+€84,866) and Current investments (+€38,555)
- Other debts -€37,376
down €37,376 (-21.4%), from €174,906 to €137,530
- Provisions +€27,174
new in 2025: €27,174
- Tax, wage and social debts -€9,033
down €9,033 (-47.0%), from €19,224 to €10,191
- Financial charges +€41,129
up €41,129 (+2,943%), from €1,397 to €42,527
- Gross operating margin +€34,948
up €34,948 (+27.2%), from €128,615 to €163,563
- Provisions +€27,174
new in 2025: €27,174
- Financial income +€15,740
up €15,740 (+163%), from €9,640 to €25,379
- Taxes -€6,437
down €6,437 (-16.6%), from €38,672 to €32,235
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 | €444,563 | €425,356 | -€19,206 | -4.3% |
| Fixed assets | 21/28 | €4,325 | €3,108 | -€1,217 | -28.1% |
| Tangible fixed assets | 22/27 | €4,325 | €3,108 | -€1,217 | -28.1% |
| Furniture and vehicles | 24 | €3,006 | €2,262 | -€744 | -24.7% |
| Other tangible fixed assets | 26 | €1,319 | €845 | -€474 | -35.9% |
| Current assets | 29/58 | €440,237 | €422,248 | -€17,989 | -4.1% |
| Amounts receivable within one year | 40/41 | €23,620 | €23,781 | +€160 | +0.7% |
| Trade receivables | 40 | €18,916 | €19,688 | +€772 | +4.1% |
| Other amounts receivable | 41 | €4,704 | €4,092 | -€612 | -13.0% |
| Current investments | 50/53 | €156,541 | €117,986 | -€38,555 | -24.6% |
| Cash at bank and in hand | 54/58 | €254,534 | €277,525 | +€22,991 | +9.0% |
| Deferred charges and accrued income | 490/1 | €5,542 | €2,956 | -€2,586 | -46.7% |
| Total equity and liabilities | 10/49 | €444,563 | €425,356 | -€19,206 | -4.3% |
| Equity | 10/15 | €249,689 | €249,689 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,089 | €231,089 | = | 0.0% |
| Distributable reserves | 133 | €231,089 | €231,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €27,174 | +€27,174 | |
| Provisions for liabilities and charges | 160/5 | - | €27,174 | +€27,174 | |
| Other liabilities and charges | 164/5 | - | €27,174 | +€27,174 | |
| Amounts payable | 17/49 | €194,874 | €148,494 | -€46,380 | -23.8% |
| Amounts payable within one year | 42/48 | €194,874 | €148,494 | -€46,380 | -23.8% |
| Trade debts | 44 | €744 | €773 | +€29 | +3.9% |
| Suppliers | 440/4 | €744 | €773 | +€29 | +3.9% |
| Taxes, remuneration and social security | 45 | €19,224 | €10,191 | -€9,033 | -47.0% |
| Taxes | 450/3 | €19,224 | €10,191 | -€9,033 | -47.0% |
| Other amounts payable | 47/48 | €174,906 | €137,530 | -€37,376 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,217 | €1,217 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,174 | +€27,174 | |
| Other operating charges | 640/8 | €879 | €924 | +€44 | +5.1% |
| Gross operating margin | 9900 | €128,615 | €163,563 | +€34,948 | +27.2% |
| Operating profit (loss) | 9901 | €126,519 | €134,248 | +€7,730 | +6.1% |
| Financial income | 75/76B | €9,640 | €25,379 | +€15,740 | +163% |
| Recurring financial income | 75 | €9,640 | €25,379 | +€15,740 | +163% |
| Financial charges | 65/66B | €1,397 | €42,527 | +€41,129 | +2,943% |
| Recurring financial charges | 65 | €1,397 | €42,527 | +€41,129 | +2,943% |
| Profit (loss) for the period before taxes | 9903 | €134,761 | €117,101 | -€17,660 | -13.1% |
| Income taxes | 67/77 | €38,672 | €32,235 | -€6,437 | -16.6% |
| Profit (loss) for the period | 9904 | €96,089 | €84,866 | -€11,223 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,089 | €84,866 | -€11,223 | -11.7% |
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 17 October 2026 via checked.be.