T10: 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.
T10
Largest movements
- Receivables within one year -€21,748
down €21,748 (-27.0%), from €80,654 to €58,906
of which Other amounts receivable: -€31,985
- Tangible fixed assets -€17,670
down €17,670 (-5.8%), from €302,883 to €285,213
- Cash +€6,628
up €6,628 (+227.3%), from €2,916 to €9,544
mainly Depreciation (+€56,787) and Net result for the year (+€26,567)
- Debts after one year -€36,863
down €36,863 (-18.2%), from €203,036 to €166,172
- Current portion of long-term debt -€12,227
down €12,227 (-23.2%), from €52,615 to €40,388
- Tax, wage and social debts +€11,189
up €11,189 (+63.5%), from €17,613 to €28,802
of which Taxes: +€9,776
- Reserves +€8,780
up €8,780 (+10.5%), from €84,014 to €92,795
- Trade debts -€7,303
down €7,303 (-46.3%), from €15,780 to €8,477
- Gross operating margin +€59,727
up €59,727 (+43.2%), from €138,248 to €197,975
- Financial charges +€35,991
up €35,991 (+275.0%), from €13,090 to €49,081
- Other operating charges +€7,485
up €7,485 (+206.9%), from €3,618 to €11,103
- Taxes +€3,861
up €3,861 (+42.8%), from €9,030 to €12,891
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 | €386,454 | €353,663 | -€32,791 | -8.5% |
| Fixed assets | 21/28 | €302,883 | €285,213 | -€17,670 | -5.8% |
| Tangible fixed assets | 22/27 | €302,883 | €285,213 | -€17,670 | -5.8% |
| Land and buildings | 22 | €132,566 | €125,941 | -€6,626 | -5.0% |
| Plant, machinery and equipment | 23 | €132,362 | €126,281 | -€6,080 | -4.6% |
| Furniture and vehicles | 24 | €37,294 | €32,462 | -€4,832 | -13.0% |
| Leasing and similar rights | 25 | €662 | €529 | -€132 | -20.0% |
| Current assets | 29/58 | €83,570 | €68,450 | -€15,121 | -18.1% |
| Amounts receivable within one year | 40/41 | €80,654 | €58,906 | -€21,748 | -27.0% |
| Trade receivables | 40 | €47,563 | €57,799 | +€10,236 | +21.5% |
| Other amounts receivable | 41 | €33,091 | €1,107 | -€31,985 | -96.7% |
| Cash at bank and in hand | 54/58 | €2,916 | €9,544 | +€6,628 | +227.3% |
| Total equity and liabilities | 10/49 | €386,454 | €353,663 | -€32,791 | -8.5% |
| Equity | 10/15 | €97,410 | €106,191 | +€8,780 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,014 | €92,795 | +€8,780 | +10.5% |
| Distributable reserves | 133 | €84,014 | €92,795 | +€8,780 | +10.5% |
| Profit (loss) carried forward | 14 | €996 | €996 | = | 0.0% |
| Amounts payable | 17/49 | €289,043 | €247,472 | -€41,572 | -14.4% |
| Amounts payable after more than one year | 17 | €203,036 | €166,172 | -€36,863 | -18.2% |
| Financial debts | 170/4 | €203,036 | €166,172 | -€36,863 | -18.2% |
| Amounts payable within one year | 42/48 | €86,008 | €81,300 | -€4,708 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €52,615 | €40,388 | -€12,227 | -23.2% |
| Trade debts | 44 | €15,780 | €8,477 | -€7,303 | -46.3% |
| Suppliers | 440/4 | €15,780 | €8,477 | -€7,303 | -46.3% |
| Taxes, remuneration and social security | 45 | €17,613 | €28,802 | +€11,189 | +63.5% |
| Taxes | 450/3 | €12,810 | €22,586 | +€9,776 | +76.3% |
| Remuneration and social security | 454/9 | €4,803 | €6,216 | +€1,413 | +29.4% |
| Other amounts payable | 47/48 | - | €3,632 | +€3,632 | |
| Non-recurring operating income | 76A | €267 | - | -€267 | |
| Remuneration, social security and pensions | 62 | €40,217 | €41,547 | +€1,330 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,905 | €56,787 | +€1,881 | +3.4% |
| Other operating charges | 640/8 | €3,618 | €11,103 | +€7,485 | +206.9% |
| Gross operating margin | 9900 | €138,248 | €197,975 | +€59,727 | +43.2% |
| Operating profit (loss) | 9901 | €39,508 | €88,539 | +€49,031 | +124.1% |
| Financial income | 75/76B | €1,332 | €1 | -€1,332 | -99.9% |
| Recurring financial income | 75 | €1,332 | €1 | -€1,332 | -99.9% |
| Financial charges | 65/66B | €13,090 | €49,081 | +€35,991 | +275.0% |
| Recurring financial charges | 65 | €13,090 | €49,081 | +€35,991 | +275.0% |
| Profit (loss) for the period before taxes | 9903 | €27,751 | €39,458 | +€11,708 | +42.2% |
| Income taxes | 67/77 | €9,030 | €12,891 | +€3,861 | +42.8% |
| Profit (loss) for the period | 9904 | €18,720 | €26,567 | +€7,847 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,720 | €26,567 | +€7,847 | +41.9% |
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.