Unit: 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.
Unit
Largest movements
- Tangible fixed assets -€446,102
down €446,102 (-36.1%), from €1.2m to €788,818
of which Land and buildings: -€346,115
- Cash -€139,757
down €139,757 (-43.8%), from €319,042 to €179,284
mainly Contributions, distributions and other (-€472,211) and Debts after one year (-€126,734)
- Receivables within one year +€70,781
up €70,781 (+9.8%), from €724,347 to €795,128
of which Other amounts receivable: +€59,016
- Stocks and contracts +€39,771
up €39,771 (+6.4%), from €625,904 to €665,675
- Reserves -€421,635
down €421,635 (-25.5%), from €1.7m to €1.2m
of which Distributable reserves: -€412,872
- Other debts +€169,202
new in 2025: €169,202
- Debts after one year -€126,734
down €126,734 (-31.3%), from €404,610 to €277,877
- Trade debts -€113,861
down €113,861 (-21.9%), from €519,403 to €405,541
- Gross operating margin -€186,894
down €186,894 (-10.7%), from €1.7m to €1.6m
- Taxes -€62,143
down €62,143 (-67.0%), from €92,734 to €30,591
- Staff costs +€43,054
up €43,054 (+3.9%), from €1.1m to €1.2m
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 | €2,929,440 | €2,452,230 | -€477,210 | -16.3% |
| Fixed assets | 21/28 | €1,234,921 | €788,818 | -€446,102 | -36.1% |
| Tangible fixed assets | 22/27 | €1,234,921 | €788,818 | -€446,102 | -36.1% |
| Land and buildings | 22 | €346,115 | - | -€346,115 | |
| Plant, machinery and equipment | 23 | €373,517 | €360,223 | -€13,293 | -3.6% |
| Furniture and vehicles | 24 | €95,034 | €101,730 | +€6,696 | +7.0% |
| Leasing and similar rights | 25 | €420,255 | €326,865 | -€93,390 | -22.2% |
| Current assets | 29/58 | €1,694,520 | €1,663,412 | -€31,108 | -1.8% |
| Stocks and contracts in progress | 3 | €625,904 | €665,675 | +€39,771 | +6.4% |
| Stocks | 30/36 | €625,904 | €665,675 | +€39,771 | +6.4% |
| Amounts receivable within one year | 40/41 | €724,347 | €795,128 | +€70,781 | +9.8% |
| Trade receivables | 40 | €723,954 | €735,719 | +€11,765 | +1.6% |
| Other amounts receivable | 41 | €393 | €59,409 | +€59,016 | +15008.4% |
| Cash at bank and in hand | 54/58 | €319,042 | €179,284 | -€139,757 | -43.8% |
| Deferred charges and accrued income | 490/1 | €25,227 | €23,324 | -€1,903 | -7.5% |
| Total equity and liabilities | 10/49 | €2,929,440 | €2,452,230 | -€477,210 | -16.3% |
| Equity | 10/15 | €1,712,685 | €1,290,577 | -€422,108 | -24.6% |
| Contributions | 10/11 | €61,973 | €61,500 | -€473 | -0.8% |
| Reserves | 13 | €1,650,711 | €1,229,077 | -€421,635 | -25.5% |
| Non-distributable reserves | 130/1 | €6,197 | €4,489 | -€1,709 | -27.6% |
| Reserves not available under the articles | 1311 | €6,197 | €4,489 | -€1,709 | -27.6% |
| Tax-exempt reserves | 132 | €33,244 | €26,190 | -€7,054 | -21.2% |
| Distributable reserves | 133 | €1,611,270 | €1,198,398 | -€412,872 | -25.6% |
| Amounts payable | 17/49 | €1,216,756 | €1,161,653 | -€55,102 | -4.5% |
| Amounts payable after more than one year | 17 | €404,610 | €277,877 | -€126,734 | -31.3% |
| Financial debts | 170/4 | €404,610 | €277,877 | -€126,734 | -31.3% |
| Amounts payable within one year | 42/48 | €811,665 | €883,298 | +€71,633 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €181,363 | €184,018 | +€2,655 | +1.5% |
| Trade debts | 44 | €519,403 | €405,541 | -€113,861 | -21.9% |
| Suppliers | 440/4 | €519,403 | €405,541 | -€113,861 | -21.9% |
| Taxes, remuneration and social security | 45 | €110,899 | €124,537 | +€13,638 | +12.3% |
| Taxes | 450/3 | €39,244 | €47,320 | +€8,076 | +20.6% |
| Remuneration and social security | 454/9 | €71,655 | €77,217 | +€5,562 | +7.8% |
| Other amounts payable | 47/48 | - | €169,202 | +€169,202 | |
| Accrued charges and deferred income | 492/3 | €480 | €479 | -€1 | -0.3% |
| Non-recurring operating income | 76A | - | €12,750 | +€12,750 | |
| Remuneration, social security and pensions | 62 | €1,110,926 | €1,153,980 | +€43,054 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,102 | €256,325 | -€3,776 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,201 | - | -€3,201 | |
| Other operating charges | 640/8 | €37,851 | €53,378 | +€15,526 | +41.0% |
| Gross operating margin | 9900 | €1,740,692 | €1,553,798 | -€186,894 | -10.7% |
| Operating profit (loss) | 9901 | €328,611 | €90,115 | -€238,496 | -72.6% |
| Financial income | 75/76B | €3,450 | €4,277 | +€827 | +24.0% |
| Recurring financial income | 75 | €3,450 | €4,277 | +€827 | +24.0% |
| Financial charges | 65/66B | €21,520 | €13,699 | -€7,821 | -36.3% |
| Recurring financial charges | 65 | €21,520 | €13,699 | -€7,821 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €310,541 | €80,693 | -€229,848 | -74.0% |
| Income taxes | 67/77 | €92,734 | €30,591 | -€62,143 | -67.0% |
| Profit (loss) for the period | 9904 | €217,808 | €50,102 | -€167,705 | -77.0% |
| Transfer to tax-exempt reserves | 689 | €1,468 | €2,112 | +€643 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €216,339 | €47,990 | -€168,349 | -77.8% |
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.