View Finance: 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.
View Finance
Largest movements
- Cash +€55,999
up €55,999 (+81.3%), from €68,920 to €124,919
mainly Net result for the year (+€63,681) and Tax, wage and social debts (+€25,876)
- Tangible fixed assets -€14,234
down €14,234 (-2.2%), from €644,219 to €629,985
of which Land and buildings: -€13,618
- Reserves +€63,681
new in 2025: €63,681
- Debts after one year -€47,051
down €47,051 (-11.5%), from €408,256 to €361,204
- Tax, wage and social debts +€25,876
up €25,876 (+319.0%), from €8,111 to €33,987
- Gross operating margin -€11,816
down €11,816 (-8.2%), from €144,844 to €133,028
- Taxes +€5,233
up €5,233 (+18.6%), from €28,099 to €33,332
- Other operating charges +€2,314
up €2,314 (+42.3%), from €5,471 to €7,785
- Financial charges -€1,977
down €1,977 (-13.4%), from €14,778 to €12,801
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 | €732,613 | €776,749 | +€44,136 | +6.0% |
| Fixed assets | 21/28 | €644,219 | €629,985 | -€14,234 | -2.2% |
| Tangible fixed assets | 22/27 | €644,219 | €629,985 | -€14,234 | -2.2% |
| Land and buildings | 22 | €639,885 | €626,267 | -€13,618 | -2.1% |
| Plant, machinery and equipment | 23 | €4,334 | €2,561 | -€1,773 | -40.9% |
| Other tangible fixed assets | 26 | - | €1,157 | +€1,157 | |
| Current assets | 29/58 | €88,393 | €146,764 | +€58,371 | +66.0% |
| Amounts receivable within one year | 40/41 | €15,972 | €17,424 | +€1,452 | +9.1% |
| Trade receivables | 40 | €15,972 | €17,424 | +€1,452 | +9.1% |
| Cash at bank and in hand | 54/58 | €68,920 | €124,919 | +€55,999 | +81.3% |
| Deferred charges and accrued income | 490/1 | €3,501 | €4,421 | +€920 | +26.3% |
| Total equity and liabilities | 10/49 | €732,613 | €776,749 | +€44,136 | +6.0% |
| Equity | 10/15 | €246,701 | €310,383 | +€63,681 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €63,681 | +€63,681 | |
| Distributable reserves | 133 | - | €63,681 | +€63,681 | |
| Profit (loss) carried forward | 14 | €240,501 | €240,501 | = | 0.0% |
| Amounts payable | 17/49 | €485,911 | €466,366 | -€19,545 | -4.0% |
| Amounts payable after more than one year | 17 | €408,256 | €361,204 | -€47,051 | -11.5% |
| Financial debts | 170/4 | €408,256 | €361,204 | -€47,051 | -11.5% |
| Amounts payable within one year | 42/48 | €77,083 | €104,702 | +€27,619 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €48,034 | €49,727 | +€1,693 | +3.5% |
| Trade debts | 44 | €13,269 | €10,631 | -€2,638 | -19.9% |
| Suppliers | 440/4 | €13,269 | €10,631 | -€2,638 | -19.9% |
| Taxes, remuneration and social security | 45 | €8,111 | €33,987 | +€25,876 | +319.0% |
| Taxes | 450/3 | €8,111 | €33,987 | +€25,876 | +319.0% |
| Other amounts payable | 47/48 | €7,669 | €10,358 | +€2,688 | +35.1% |
| Accrued charges and deferred income | 492/3 | €572 | €460 | -€113 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,840 | €15,427 | +€587 | +4.0% |
| Other operating charges | 640/8 | €5,471 | €7,785 | +€2,314 | +42.3% |
| Gross operating margin | 9900 | €144,844 | €133,028 | -€11,816 | -8.2% |
| Operating profit (loss) | 9901 | €124,532 | €109,815 | -€14,717 | -11.8% |
| Financial charges | 65/66B | €14,778 | €12,801 | -€1,977 | -13.4% |
| Recurring financial charges | 65 | €14,778 | €12,801 | -€1,977 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €109,754 | €97,014 | -€12,740 | -11.6% |
| Income taxes | 67/77 | €28,099 | €33,332 | +€5,233 | +18.6% |
| Profit (loss) for the period | 9904 | €81,655 | €63,681 | -€17,973 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,655 | €63,681 | -€17,973 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.