TB1: 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.
TB1
Largest movements
- Cash -€53,144
down €53,144 (-58.9%), from €90,250 to €37,106
mainly Net result for the year (-€53,325) and Investment in fixed assets (net) (-€47,161)
- Tangible fixed assets -€39,829
down €39,829 (-7.5%), from €528,219 to €488,390
of which Land and buildings: -€50,282
- Profit (loss) carried forward -€53,325
down €53,325 (-27.7%), from -€192,745 to -€246,070
- Debts after one year -€34,076
down €34,076 (-11.5%), from €297,013 to €262,938
- Trade debts -€13,525
down €13,525 (-22.7%), from €59,542 to €46,017
- Current portion of long-term debt +€7,590
up €7,590 (+14.7%), from €51,468 to €59,058
- Accrued charges and deferred income -€6,903
no longer reported in 2025 (was €6,903)
- Staff costs -€177,921
down €177,921 (-33.6%), from €528,871 to €350,950
- Gross operating margin -€81,321
down €81,321 (-16.7%), from €486,444 to €405,123
- Depreciation -€28,212
down €28,212 (-24.6%), from €114,770 to €86,558
- Financial charges -€24,637
down €24,637 (-54.9%), from €44,838 to €20,201
- Financial income -€9,875
down €9,875 (-99.0%), from €9,970 to €95
of which Non-recurring financial income: -€9,879
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 | €667,538 | €572,175 | -€95,363 | -14.3% |
| Fixed assets | 21/28 | €538,572 | €499,176 | -€39,397 | -7.3% |
| Intangible fixed assets | 21 | €10,353 | €8,785 | -€1,568 | -15.1% |
| Tangible fixed assets | 22/27 | €528,219 | €488,390 | -€39,829 | -7.5% |
| Land and buildings | 22 | €403,287 | €353,004 | -€50,282 | -12.5% |
| Plant, machinery and equipment | 23 | €123,123 | €104,609 | -€18,514 | -15.0% |
| Furniture and vehicles | 24 | €1,809 | €30,777 | +€28,967 | +1601.0% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €128,966 | €72,999 | -€55,967 | -43.4% |
| Stocks and contracts in progress | 3 | €8,090 | €6,011 | -€2,079 | -25.7% |
| Stocks | 30/36 | €8,090 | €6,011 | -€2,079 | -25.7% |
| Amounts receivable within one year | 40/41 | €25,560 | €23,021 | -€2,540 | -9.9% |
| Trade receivables | 40 | €23,056 | €20,912 | -€2,145 | -9.3% |
| Other amounts receivable | 41 | €2,504 | €2,109 | -€395 | -15.8% |
| Cash at bank and in hand | 54/58 | €90,250 | €37,106 | -€53,144 | -58.9% |
| Deferred charges and accrued income | 490/1 | €5,065 | €6,861 | +€1,796 | +35.5% |
| Total equity and liabilities | 10/49 | €667,538 | €572,175 | -€95,363 | -14.3% |
| Equity | 10/15 | -€92,745 | -€146,070 | -€53,325 | -57.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,745 | -€246,070 | -€53,325 | -27.7% |
| Amounts payable | 17/49 | €760,283 | €718,245 | -€42,038 | -5.5% |
| Amounts payable after more than one year | 17 | €297,013 | €262,938 | -€34,076 | -11.5% |
| Financial debts | 170/4 | €297,013 | €262,938 | -€34,076 | -11.5% |
| Amounts payable within one year | 42/48 | €456,367 | €455,307 | -€1,060 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €51,468 | €59,058 | +€7,590 | +14.7% |
| Trade debts | 44 | €59,542 | €46,017 | -€13,525 | -22.7% |
| Suppliers | 440/4 | €59,542 | €46,017 | -€13,525 | -22.7% |
| Advances received on contracts in progress | 46 | - | €1,038 | +€1,038 | |
| Taxes, remuneration and social security | 45 | €50,575 | €52,068 | +€1,493 | +3.0% |
| Taxes | 450/3 | €17,340 | €13,441 | -€3,899 | -22.5% |
| Remuneration and social security | 454/9 | €33,235 | €38,627 | +€5,392 | +16.2% |
| Other amounts payable | 47/48 | €294,782 | €297,127 | +€2,345 | +0.8% |
| Accrued charges and deferred income | 492/3 | €6,903 | - | -€6,903 | |
| Remuneration, social security and pensions | 62 | €528,871 | €350,950 | -€177,921 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,770 | €86,558 | -€28,212 | -24.6% |
| Other operating charges | 640/8 | €661 | €699 | +€38 | +5.8% |
| Gross operating margin | 9900 | €486,444 | €405,123 | -€81,321 | -16.7% |
| Operating profit (loss) | 9901 | -€157,858 | -€33,084 | +€124,774 | +79.0% |
| Financial income | 75/76B | €9,970 | €95 | -€9,875 | -99.0% |
| Recurring financial income | 75 | €92 | €95 | +€3 | +3.8% |
| Non-recurring financial income | 76B | €9,879 | - | -€9,879 | |
| Financial charges | 65/66B | €44,838 | €20,201 | -€24,637 | -54.9% |
| Recurring financial charges | 65 | €44,838 | €20,201 | -€24,637 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | -€192,726 | -€53,190 | +€139,536 | +72.4% |
| Income taxes | 67/77 | €19 | €135 | +€116 | +598.2% |
| Profit (loss) for the period | 9904 | -€192,745 | -€53,325 | +€139,420 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€192,745 | -€53,325 | +€139,420 | +72.3% |
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 8 October 2026 via checked.be.