V - DEL: 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.
V - DEL
Largest movements
- Receivables after one year +€27,550
up €27,550 (+77.7%), from €35,437 to €62,987
of which Other amounts receivable: +€62,987
- Tangible fixed assets -€15,546
down €15,546 (-5.3%), from €295,964 to €280,419
of which Land and buildings: -€13,703
- Cash +€7,712
up €7,712 (+533.1%), from €1,447 to €9,159
mainly Other debts (+€116,537) and Net result for the year (+€17,839)
- Receivables within one year -€3,883
down €3,883 (-31.6%), from €12,273 to €8,390
of which Trade receivables: -€3,893
- Other debts +€116,537
up €116,537 (+360239.0%), from €32 to €116,570
- Reserves -€98,397
down €98,397 (-41.5%), from €236,964 to €138,568
of which Distributable reserves: -€98,397
- Gross operating margin -€4,394
down €4,394 (-10.4%), from €42,059 to €37,665
- Financial income +€2,741
up €2,741 (+27410900.0%), from €0 to €2,741
- Other operating charges +€1,637
up €1,637 (+60.5%), from €2,705 to €4,342
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 | €345,120 | €360,954 | +€15,834 | +4.6% |
| Fixed assets | 21/28 | €295,964 | €280,419 | -€15,546 | -5.3% |
| Tangible fixed assets | 22/27 | €295,964 | €280,419 | -€15,546 | -5.3% |
| Land and buildings | 22 | €292,303 | €278,600 | -€13,703 | -4.7% |
| Furniture and vehicles | 24 | €3,661 | €1,818 | -€1,843 | -50.3% |
| Current assets | 29/58 | €49,156 | €80,535 | +€31,380 | +63.8% |
| Amounts receivable after more than one year | 29 | €35,437 | €62,987 | +€27,550 | +77.7% |
| Trade receivables | 290 | €35,437 | - | -€35,437 | |
| Other amounts receivable | 291 | - | €62,987 | +€62,987 | |
| Amounts receivable within one year | 40/41 | €12,273 | €8,390 | -€3,883 | -31.6% |
| Trade receivables | 40 | €11,854 | €7,961 | -€3,893 | -32.8% |
| Other amounts receivable | 41 | €419 | €429 | +€11 | +2.5% |
| Cash at bank and in hand | 54/58 | €1,447 | €9,159 | +€7,712 | +533.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €345,120 | €360,954 | +€15,834 | +4.6% |
| Equity | 10/15 | €336,964 | €238,568 | -€98,397 | -29.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €236,964 | €138,568 | -€98,397 | -41.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €236,964 | €138,568 | -€98,397 | -41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,156 | €122,386 | +€114,231 | +1400.6% |
| Amounts payable within one year | 42/48 | €8,156 | €122,386 | +€114,231 | +1400.6% |
| Trade debts | 44 | €2,282 | €2,108 | -€173 | -7.6% |
| Suppliers | 440/4 | €2,282 | €2,108 | -€173 | -7.6% |
| Taxes, remuneration and social security | 45 | €5,842 | €3,708 | -€2,134 | -36.5% |
| Taxes | 450/3 | €5,842 | €3,708 | -€2,134 | -36.5% |
| Other amounts payable | 47/48 | €32 | €116,570 | +€116,537 | +360239.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,546 | €15,546 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,705 | €4,342 | +€1,637 | +60.5% |
| Gross operating margin | 9900 | €42,059 | €37,665 | -€4,394 | -10.4% |
| Operating profit (loss) | 9901 | €23,808 | €17,777 | -€6,031 | -25.3% |
| Financial income | 75/76B | €0 | €2,741 | +€2,741 | +27410900.0% |
| Recurring financial income | 75 | €0 | €2,741 | +€2,741 | +27410900.0% |
| Financial charges | 65/66B | €875 | €892 | +€17 | +2.0% |
| Recurring financial charges | 65 | €875 | €892 | +€17 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €22,934 | €19,626 | -€3,308 | -14.4% |
| Income taxes | 67/77 | €2,080 | €1,787 | -€293 | -14.1% |
| Profit (loss) for the period | 9904 | €20,854 | €17,839 | -€3,015 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,854 | €17,839 | -€3,015 | -14.5% |
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 9 October 2026 via checked.be.