SYNOPSY: 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.
SYNOPSY
Largest movements
- Cash -€45,009
down €45,009 (-42.7%), from €105,348 to €60,339
mainly Other debts (-€63,444) and Contributions, distributions and other (-€40,000)
- Deferred charges and accrued income -€14,464
down €14,464 (-89.2%), from €16,209 to €1,745
- Tangible fixed assets +€9,482
up €9,482 (+2092.2%), from €453 to €9,936
- Receivables within one year +€1,479
up €1,479 (+21.5%), from €6,876 to €8,355
of which Other amounts receivable: +€6,085
- Other debts -€63,444
down €63,444 (-61.3%), from €103,444 to €40,000
- Profit (loss) carried forward +€17,661
up €17,661 (+1076.1%), from €1,641 to €19,302
- Tax, wage and social debts -€3,340
no longer reported in 2025 (was €3,340)
- Gross operating margin +€13,124
up €13,124 (+20.4%), from €64,308 to €77,432
- Taxes +€6,089
up €6,089 (+47.8%), from €12,732 to €18,822
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 | €128,885 | €80,374 | -€48,512 | -37.6% |
| Fixed assets | 21/28 | €453 | €9,936 | +€9,482 | +2092.2% |
| Tangible fixed assets | 22/27 | €453 | €9,936 | +€9,482 | +2092.2% |
| Furniture and vehicles | 24 | €453 | €9,936 | +€9,482 | +2092.2% |
| Current assets | 29/58 | €128,432 | €70,438 | -€57,994 | -45.2% |
| Amounts receivable within one year | 40/41 | €6,876 | €8,355 | +€1,479 | +21.5% |
| Trade receivables | 40 | €4,606 | - | -€4,606 | |
| Other amounts receivable | 41 | €2,270 | €8,355 | +€6,085 | +268.1% |
| Cash at bank and in hand | 54/58 | €105,348 | €60,339 | -€45,009 | -42.7% |
| Deferred charges and accrued income | 490/1 | €16,209 | €1,745 | -€14,464 | -89.2% |
| Total equity and liabilities | 10/49 | €128,885 | €80,374 | -€48,512 | -37.6% |
| Equity | 10/15 | €22,101 | €39,762 | +€17,661 | +79.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €1,641 | €19,302 | +€17,661 | +1076.1% |
| Amounts payable | 17/49 | €106,784 | €40,612 | -€66,173 | -62.0% |
| Amounts payable within one year | 42/48 | €106,784 | €40,612 | -€66,173 | -62.0% |
| Trade debts | 44 | - | €612 | +€612 | |
| Suppliers | 440/4 | - | €612 | +€612 | |
| Taxes, remuneration and social security | 45 | €3,340 | - | -€3,340 | |
| Taxes | 450/3 | €3,340 | - | -€3,340 | |
| Other amounts payable | 47/48 | €103,444 | €40,000 | -€63,444 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €474 | -€196 | -29.2% |
| Other operating charges | 640/8 | €656 | €673 | +€17 | +2.6% |
| Gross operating margin | 9900 | €64,308 | €77,432 | +€13,124 | +20.4% |
| Operating profit (loss) | 9901 | €62,983 | €76,285 | +€13,302 | +21.1% |
| Financial income | 75/76B | €8 | €427 | +€419 | +5574.6% |
| Recurring financial income | 75 | €8 | €427 | +€419 | +5574.6% |
| Financial charges | 65/66B | €125 | €230 | +€105 | +83.6% |
| Recurring financial charges | 65 | €125 | €230 | +€105 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | €62,865 | €76,482 | +€13,617 | +21.7% |
| Income taxes | 67/77 | €12,732 | €18,822 | +€6,089 | +47.8% |
| Profit (loss) for the period | 9904 | €50,133 | €57,661 | +€7,528 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,133 | €57,661 | +€7,528 | +15.0% |
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 29 September 2026 via checked.be.