Statevector: 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.
Statevector
Largest movements
- Tangible fixed assets -€74,619
down €74,619 (-8.0%), from €937,210 to €862,591
of which Land and buildings: -€62,141
- Profit (loss) carried forward -€47,793
down €47,793 (-45.7%), from -€104,503 to -€152,296
- Debts after one year -€39,196
down €39,196 (-9.5%), from €414,567 to €375,371
- Trade debts +€29,677
up €29,677 (+166.3%), from €17,850 to €47,527
- Staff costs -€47,806
down €47,806 (-89.6%), from €53,339 to €5,533
- Gross operating margin +€15,675
up €15,675 (+31.5%), from €49,825 to €65,500
- Depreciation +€4,915
up €4,915 (+6.1%), from €80,783 to €85,698
- Financial charges +€3,425
up €3,425 (+18.2%), from €18,807 to €22,232
- Financial income +€1,150
up €1,150 (+99.7%), from €1,154 to €2,304
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 | €997,884 | €934,720 | -€63,164 | -6.3% |
| Fixed assets | 21/28 | €937,251 | €862,632 | -€74,619 | -8.0% |
| Tangible fixed assets | 22/27 | €937,210 | €862,591 | -€74,619 | -8.0% |
| Land and buildings | 22 | €917,674 | €855,533 | -€62,141 | -6.8% |
| Plant, machinery and equipment | 23 | €11,862 | €4,217 | -€7,645 | -64.4% |
| Furniture and vehicles | 24 | €7,674 | €2,841 | -€4,833 | -63.0% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €60,633 | €72,088 | +€11,455 | +18.9% |
| Amounts receivable after more than one year | 29 | €44,000 | €51,000 | +€7,000 | +15.9% |
| Other amounts receivable | 291 | €44,000 | €51,000 | +€7,000 | +15.9% |
| Amounts receivable within one year | 40/41 | €15,562 | €16,704 | +€1,142 | +7.3% |
| Trade receivables | 40 | €13,543 | €16,704 | +€3,161 | +23.3% |
| Other amounts receivable | 41 | €2,019 | - | -€2,019 | |
| Cash at bank and in hand | 54/58 | €1,071 | €4,384 | +€3,313 | +309.3% |
| Total equity and liabilities | 10/49 | €997,884 | €934,720 | -€63,164 | -6.3% |
| Equity | 10/15 | €393,667 | €345,874 | -€47,793 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €479,570 | €479,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €477,710 | €477,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,503 | -€152,296 | -€47,793 | -45.7% |
| Amounts payable | 17/49 | €604,217 | €588,846 | -€15,371 | -2.5% |
| Amounts payable after more than one year | 17 | €414,567 | €375,371 | -€39,196 | -9.5% |
| Financial debts | 170/4 | €414,567 | €375,371 | -€39,196 | -9.5% |
| Amounts payable within one year | 42/48 | €189,650 | €213,475 | +€23,825 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €39,565 | €39,910 | +€345 | +0.9% |
| Financial debts | 43 | €97,250 | €93,519 | -€3,731 | -3.8% |
| Credit institutions | 430/8 | €97,250 | €93,519 | -€3,731 | -3.8% |
| Trade debts | 44 | €17,850 | €47,527 | +€29,677 | +166.3% |
| Suppliers | 440/4 | €17,850 | €47,527 | +€29,677 | +166.3% |
| Taxes, remuneration and social security | 45 | €34,985 | €32,519 | -€2,466 | -7.0% |
| Taxes | 450/3 | €11,524 | €13,357 | +€1,833 | +15.9% |
| Remuneration and social security | 454/9 | €23,461 | €19,162 | -€4,299 | -18.3% |
| Remuneration, social security and pensions | 62 | €53,339 | €5,533 | -€47,806 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,783 | €85,698 | +€4,915 | +6.1% |
| Other operating charges | 640/8 | €1,062 | €1,593 | +€531 | +50.0% |
| Gross operating margin | 9900 | €49,825 | €65,500 | +€15,675 | +31.5% |
| Operating profit (loss) | 9901 | -€85,359 | -€27,324 | +€58,035 | +68.0% |
| Financial income | 75/76B | €1,154 | €2,304 | +€1,150 | +99.7% |
| Recurring financial income | 75 | €1,154 | €2,304 | +€1,150 | +99.7% |
| Financial charges | 65/66B | €18,807 | €22,232 | +€3,425 | +18.2% |
| Recurring financial charges | 65 | €18,807 | €22,232 | +€3,425 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€103,012 | -€47,252 | +€55,760 | +54.1% |
| Income taxes | 67/77 | €1,491 | €541 | -€950 | -63.7% |
| Profit (loss) for the period | 9904 | -€104,503 | -€47,793 | +€56,710 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,503 | -€47,793 | +€56,710 | +54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.