STAND OUT!: 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.
STAND OUT!
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€54,556
down €54,556 (-41.9%), from €130,113 to €75,557
mainly Contributions, distributions and other (-€131,494) and Current investments (-€100,000)
- Receivables after one year -€17,000
down €17,000 (-100.0%), from €17,000 to €0
- Tangible fixed assets -€11,643
down €11,643 (-28.3%), from €41,205 to €29,563
- Deferred charges and accrued income +€2,904
up €2,904 (+114.5%), from €2,536 to €5,440
- Other debts +€104,068
up €104,068 (+247.0%), from €42,126 to €146,194
- Reserves -€76,731
down €76,731 (-62.9%), from €121,961 to €45,231
- Debts after one year -€10,477
down €10,477 (-37.5%), from €27,949 to €17,472
- Gross operating margin +€11,423
up €11,423 (+16.5%), from €69,199 to €80,621
- Taxes +€2,910
up €2,910 (+24.4%), from €11,945 to €14,855
- Financial income +€2,749
up €2,749 (+613.6%), from €448 to €3,197
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 | €217,058 | €236,023 | +€18,965 | +8.7% |
| Fixed assets | 21/28 | €41,205 | €29,563 | -€11,643 | -28.3% |
| Tangible fixed assets | 22/27 | €41,205 | €29,563 | -€11,643 | -28.3% |
| Furniture and vehicles | 24 | €41,205 | €29,563 | -€11,643 | -28.3% |
| Current assets | 29/58 | €175,853 | €206,461 | +€30,607 | +17.4% |
| Amounts receivable after more than one year | 29 | €17,000 | €0 | -€17,000 | -100.0% |
| Other amounts receivable | 291 | €17,000 | €0 | -€17,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,205 | €25,464 | -€741 | -2.8% |
| Trade receivables | 40 | €18,150 | €19,360 | +€1,210 | +6.7% |
| Other amounts receivable | 41 | €8,055 | €6,104 | -€1,951 | -24.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €130,113 | €75,557 | -€54,556 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,536 | €5,440 | +€2,904 | +114.5% |
| Total equity and liabilities | 10/49 | €217,058 | €236,023 | +€18,965 | +8.7% |
| Equity | 10/15 | €121,961 | €45,231 | -€76,731 | -62.9% |
| Reserves | 13 | €121,961 | €45,231 | -€76,731 | -62.9% |
| Distributable reserves | 133 | €121,961 | €45,231 | -€76,731 | -62.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,097 | €190,793 | +€95,696 | +100.6% |
| Amounts payable after more than one year | 17 | €27,949 | €17,472 | -€10,477 | -37.5% |
| Financial debts | 170/4 | €27,949 | €17,472 | -€10,477 | -37.5% |
| Amounts payable within one year | 42/48 | €67,148 | €172,362 | +€105,214 | +156.7% |
| Current portion of amounts payable after more than one year | 42 | €10,065 | €10,477 | +€412 | +4.1% |
| Trade debts | 44 | €2,824 | €3,314 | +€490 | +17.3% |
| Suppliers | 440/4 | €2,824 | €3,314 | +€490 | +17.3% |
| Taxes, remuneration and social security | 45 | €12,133 | €12,377 | +€244 | +2.0% |
| Taxes | 450/3 | €12,133 | €12,377 | +€244 | +2.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €42,126 | €146,194 | +€104,068 | +247.0% |
| Accrued charges and deferred income | 492/3 | - | €958 | +€958 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,155 | €11,643 | -€513 | -4.2% |
| Other operating charges | 640/8 | €1,368 | €1,008 | -€360 | -26.3% |
| Gross operating margin | 9900 | €69,199 | €80,621 | +€11,423 | +16.5% |
| Operating profit (loss) | 9901 | €55,675 | €67,971 | +€12,295 | +22.1% |
| Financial income | 75/76B | €448 | €3,197 | +€2,749 | +613.6% |
| Recurring financial income | 75 | €448 | €3,197 | +€2,749 | +613.6% |
| Financial charges | 65/66B | €2,124 | €1,549 | -€575 | -27.1% |
| Recurring financial charges | 65 | €2,124 | €1,549 | -€575 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €53,999 | €69,618 | +€15,619 | +28.9% |
| Income taxes | 67/77 | €11,945 | €14,855 | +€2,910 | +24.4% |
| Profit (loss) for the period | 9904 | €42,053 | €54,763 | +€12,710 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,053 | €54,763 | +€12,710 | +30.2% |
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 6 October 2026 via checked.be.