VALUE MORE BY OUR SERVICES: 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.
VALUE MORE BY OUR SERVICES
Largest movements
- Tangible fixed assets -€8,157
down €8,157 (-4.8%), from €170,513 to €162,356
of which Land and buildings: -€7,855
- Cash -€4,674
down €4,674 (-60.3%), from €7,756 to €3,082
mainly Net result for the year (-€15,976) and Current portion of long-term debt (-€7,734)
- Receivables within one year -€1,919
down €1,919 (-63.1%), from €3,040 to €1,122
of which Trade receivables: -€1,435
- Profit (loss) carried forward -€15,976
down €15,976 (-94.8%), from €16,847 to €872
- Other debts +€10,538
up €10,538 (+36.2%), from €29,089 to €39,627
- Current portion of long-term debt -€7,734
no longer reported in 2025 (was €7,734)
- Trade debts -€2,095
down €2,095 (-52.8%), from €3,964 to €1,869
- Gross operating margin -€7,605
down €7,605, from €2,756 to -€4,849
- Financial charges -€388
down €388 (-13.1%), from €2,970 to €2,583
- Other operating charges +€177
up €177 (+83.8%), from €211 to €387
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 | €181,907 | €166,651 | -€15,256 | -8.4% |
| Fixed assets | 21/28 | €170,513 | €162,356 | -€8,157 | -4.8% |
| Tangible fixed assets | 22/27 | €170,513 | €162,356 | -€8,157 | -4.8% |
| Land and buildings | 22 | €169,633 | €161,778 | -€7,855 | -4.6% |
| Other tangible fixed assets | 26 | €880 | €578 | -€302 | -34.3% |
| Current assets | 29/58 | €11,393 | €4,295 | -€7,099 | -62.3% |
| Amounts receivable within one year | 40/41 | €3,040 | €1,122 | -€1,919 | -63.1% |
| Trade receivables | 40 | €1,667 | €231 | -€1,435 | -86.1% |
| Other amounts receivable | 41 | €1,374 | €890 | -€484 | -35.2% |
| Cash at bank and in hand | 54/58 | €7,756 | €3,082 | -€4,674 | -60.3% |
| Deferred charges and accrued income | 490/1 | €597 | €91 | -€506 | -84.7% |
| Total equity and liabilities | 10/49 | €181,907 | €166,651 | -€15,256 | -8.4% |
| Equity | 10/15 | €37,252 | €21,277 | -€15,976 | -42.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,847 | €872 | -€15,976 | -94.8% |
| Amounts payable | 17/49 | €144,654 | €145,374 | +€720 | +0.5% |
| Amounts payable after more than one year | 17 | €103,436 | €103,436 | = | 0.0% |
| Financial debts | 170/4 | €103,436 | €103,436 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,218 | €41,938 | +€720 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €7,734 | - | -€7,734 | |
| Financial debts | 43 | €109 | €47 | -€63 | -57.2% |
| Credit institutions | 430/8 | €109 | €47 | -€63 | -57.2% |
| Trade debts | 44 | €3,964 | €1,869 | -€2,095 | -52.8% |
| Suppliers | 440/4 | €3,964 | €1,869 | -€2,095 | -52.8% |
| Taxes, remuneration and social security | 45 | €322 | €394 | +€73 | +22.6% |
| Taxes | 450/3 | €322 | €394 | +€73 | +22.6% |
| Other amounts payable | 47/48 | €29,089 | €39,627 | +€10,538 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,157 | €8,157 | = | 0.0% |
| Other operating charges | 640/8 | €211 | €387 | +€177 | +83.8% |
| Gross operating margin | 9900 | €2,756 | -€4,849 | -€7,605 | |
| Operating profit (loss) | 9901 | -€5,612 | -€13,393 | -€7,781 | -139% |
| Financial charges | 65/66B | €2,970 | €2,583 | -€388 | -13.1% |
| Recurring financial charges | 65 | €2,970 | €2,583 | -€388 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,582 | -€15,976 | -€7,394 | -86.2% |
| Profit (loss) for the period | 9904 | -€8,582 | -€15,976 | -€7,394 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,582 | -€15,976 | -€7,394 | -86.2% |
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 22 October 2026 via checked.be.