v international: 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 international
Largest movements
- Tangible fixed assets -€109,987
down €109,987 (-1.9%), from €5.9m to €5.8m
of which Land and buildings: -€111,472
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€8,087
up €8,087 (+50.0%), from €16,167 to €24,254
- Gross operating margin +€6,943
up €6,943 (+5.8%), from €120,022 to €126,966
- Staff costs -€5,180
down €5,180 (-10.4%), from €49,888 to €44,707
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 | €6,012,478 | €5,921,413 | -€91,065 | -1.5% |
| Fixed assets | 21/28 | €5,932,702 | €5,822,715 | -€109,987 | -1.9% |
| Tangible fixed assets | 22/27 | €5,931,702 | €5,821,715 | -€109,987 | -1.9% |
| Land and buildings | 22 | €5,919,375 | €5,807,903 | -€111,472 | -1.9% |
| Plant, machinery and equipment | 23 | €12,327 | €13,812 | +€1,485 | +12.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €79,776 | €98,699 | +€18,922 | +23.7% |
| Amounts receivable within one year | 40/41 | €63,650 | €77,256 | +€13,606 | +21.4% |
| Other amounts receivable | 41 | €63,650 | €77,256 | +€13,606 | +21.4% |
| Cash at bank and in hand | 54/58 | €9,351 | €9,838 | +€487 | +5.2% |
| Deferred charges and accrued income | 490/1 | €6,775 | €11,605 | +€4,830 | +71.3% |
| Total equity and liabilities | 10/49 | €6,012,478 | €5,921,413 | -€91,065 | -1.5% |
| Equity | 10/15 | €1,658,482 | €1,603,021 | -€55,461 | -3.3% |
| Contributions | 10/11 | €2,100,000 | €2,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€441,518 | -€496,979 | -€55,461 | -12.6% |
| Amounts payable | 17/49 | €4,353,996 | €4,318,393 | -€35,604 | -0.8% |
| Amounts payable after more than one year | 17 | €4,300,000 | €4,300,000 | = | 0.0% |
| Financial debts | 170/4 | €4,300,000 | €4,300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,996 | €18,393 | -€35,604 | -65.9% |
| Trade debts | 44 | €3,385 | €15,646 | +€12,261 | +362% |
| Suppliers | 440/4 | €3,385 | €15,646 | +€12,261 | +362% |
| Taxes, remuneration and social security | 45 | €7,563 | €2,747 | -€4,815 | -63.7% |
| Remuneration and social security | 454/9 | €7,563 | €2,747 | -€4,815 | -63.7% |
| Other amounts payable | 47/48 | €43,049 | - | -€43,049 | |
| Remuneration, social security and pensions | 62 | €49,888 | €44,707 | -€5,180 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,391 | €113,167 | -€224 | -0.2% |
| Other operating charges | 640/8 | €16,167 | €24,254 | +€8,087 | +50.0% |
| Gross operating margin | 9900 | €120,022 | €126,966 | +€6,943 | +5.8% |
| Operating profit (loss) | 9901 | -€59,424 | -€55,163 | +€4,261 | +7.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €230 | €298 | +€68 | +29.6% |
| Recurring financial charges | 65 | €230 | €298 | +€68 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€59,654 | -€55,461 | +€4,192 | +7.0% |
| Profit (loss) for the period | 9904 | -€59,654 | -€55,461 | +€4,192 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,654 | -€55,461 | +€4,192 | +7.0% |
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 28 October 2026 via checked.be.