THE KNOWLEDGE BOX: what changed
Two financial 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.
THE KNOWLEDGE BOX
Largest movements
- Deferred charges and accrued income +€131,132
up €131,132 (+2,483%), from €5,280 to €136,412
- Tangible fixed assets -€29,939
down €29,939 (-5.4%), from €550,470 to €520,530
of which Land and buildings: -€29,323
- Receivables within one year -€15,291
down €15,291 (-14.8%), from €103,061 to €87,770
of which Trade receivables: -€17,017
- Profit (loss) carried forward +€73,547
up €73,547 (+553%), from €13,294 to €86,841
- Trade debts -€23,478
down €23,478 (-100.0%), from €23,478 to €0
- Tax, wage and social debts +€18,796
up €18,796 (+30.1%), from €62,474 to €81,270
of which Taxes: +€18,796
- Accrued charges and deferred income +€16,825
up €16,825 (+963%), from €1,748 to €18,573
- Gross operating margin +€34,170
up €34,170 (+36.9%), from €92,478 to €126,647
- Financial charges -€19,861
down €19,861 (-95.9%), from €20,718 to €858
- Other operating charges -€11,310
no longer reported in 2025 (was €11,310)
- Taxes +€6,283
up €6,283 (+50.4%), from €12,470 to €18,754
- Write-downs -€3,443
no longer reported in 2025 (was €3,443)
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.
Derived cash bridge
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 | €678,799 | €764,701 | +€85,902 | +12.7% |
| Fixed assets | 21/28 | €550,470 | €520,530 | -€29,939 | -5.4% |
| Tangible fixed assets | 22/27 | €550,470 | €520,530 | -€29,939 | -5.4% |
| Land and buildings | 22 | €545,835 | €516,512 | -€29,323 | -5.4% |
| Plant, machinery and equipment | 23 | - | €1,271 | +€1,271 | |
| Furniture and vehicles | 24 | €4,127 | €2,367 | -€1,760 | -42.7% |
| Other tangible fixed assets | 26 | €507 | €380 | -€127 | -25.0% |
| Current assets | 29/58 | €128,330 | €244,171 | +€115,841 | +90.3% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,061 | €87,770 | -€15,291 | -14.8% |
| Trade receivables | 40 | €17,017 | €0 | -€17,017 | -100.0% |
| Other amounts receivable | 41 | €86,043 | €87,770 | +€1,726 | +2.0% |
| Cash at bank and in hand | 54/58 | €14,989 | €14,989 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €5,280 | €136,412 | +€131,132 | +2,483% |
| Total equity and liabilities | 10/49 | €678,799 | €764,701 | +€85,902 | +12.7% |
| Equity | 10/15 | €125,245 | €198,792 | +€73,547 | +58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,351 | €93,351 | = | 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 | €91,491 | €91,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,294 | €86,841 | +€73,547 | +553% |
| Amounts payable | 17/49 | €553,555 | €565,909 | +€12,355 | +2.2% |
| Amounts payable after more than one year | 17 | €431,451 | €431,451 | = | 0.0% |
| Financial debts | 170/4 | €431,451 | €431,451 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120,356 | €115,886 | -€4,471 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €34,405 | €34,405 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,478 | €0 | -€23,478 | -100.0% |
| Suppliers | 440/4 | €23,478 | €0 | -€23,478 | -100.0% |
| Taxes, remuneration and social security | 45 | €62,474 | €81,270 | +€18,796 | +30.1% |
| Taxes | 450/3 | €62,474 | €81,270 | +€18,796 | +30.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €211 | +€211 | |
| Accrued charges and deferred income | 492/3 | €1,748 | €18,573 | +€16,825 | +963% |
| Non-recurring operating income | 76A | €57,522 | - | -€57,522 | |
| Remuneration, social security and pensions | 62 | - | €2,255 | +€2,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,876 | €31,233 | +€3,357 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,443 | - | -€3,443 | |
| Other operating charges | 640/8 | €11,310 | - | -€11,310 | |
| Gross operating margin | 9900 | €92,478 | €126,647 | +€34,170 | +36.9% |
| Operating profit (loss) | 9901 | €49,848 | €93,159 | +€43,311 | +86.9% |
| Financial income | 75/76B | €1,220 | - | -€1,220 | |
| Recurring financial income | 75 | €1,220 | - | -€1,220 | |
| Financial charges | 65/66B | €20,718 | €858 | -€19,861 | -95.9% |
| Recurring financial charges | 65 | €20,718 | €858 | -€19,861 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €30,350 | €92,301 | +€61,951 | +204% |
| Income taxes | 67/77 | €12,470 | €18,754 | +€6,283 | +50.4% |
| Profit (loss) for the period | 9904 | €17,880 | €73,547 | +€55,668 | +311% |
| Profit (loss) for the period to be appropriated | 9905 | €17,880 | €73,547 | +€55,668 | +311% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.