ZONE 16: 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.
ZONE 16
Largest movements
- Cash +€55,072
up €55,072 (+25.6%), from €215,529 to €270,602
mainly Net result for the year (+€54,869) and Other debts (+€36,574)
- Other debts +€36,574
up €36,574 (+2,763%), from €1,324 to €37,898
- Reserves +€16,971
up €16,971 (+4.7%), from €361,580 to €378,551
of which Distributable reserves: +€16,971
- Gross operating margin -€36,437
down €36,437 (-31.6%), from €115,380 to €78,944
- Taxes -€10,257
down €10,257 (-30.3%), from €33,826 to €23,569
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 | €387,232 | €440,650 | +€53,418 | +13.8% |
| Fixed assets | 21/28 | €2,117 | €684 | -€1,433 | -67.7% |
| Tangible fixed assets | 22/27 | €2,117 | €684 | -€1,433 | -67.7% |
| Furniture and vehicles | 24 | €2,117 | €684 | -€1,433 | -67.7% |
| Current assets | 29/58 | €385,115 | €439,966 | +€54,851 | +14.2% |
| Amounts receivable after more than one year | 29 | €147,000 | €147,000 | = | 0.0% |
| Other amounts receivable | 291 | €147,000 | €147,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,214 | €20,283 | +€3,069 | +17.8% |
| Trade receivables | 40 | €11,037 | €8,967 | -€2,069 | -18.7% |
| Other amounts receivable | 41 | €6,177 | €11,315 | +€5,138 | +83.2% |
| Cash at bank and in hand | 54/58 | €215,529 | €270,602 | +€55,072 | +25.6% |
| Deferred charges and accrued income | 490/1 | €5,371 | €2,081 | -€3,290 | -61.3% |
| Total equity and liabilities | 10/49 | €387,232 | €440,650 | +€53,418 | +13.8% |
| Equity | 10/15 | €380,130 | €397,101 | +€16,971 | +4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €361,580 | €378,551 | +€16,971 | +4.7% |
| Tax-exempt reserves | 132 | €26,092 | €26,092 | = | 0.0% |
| Distributable reserves | 133 | €335,487 | €352,459 | +€16,971 | +5.1% |
| Amounts payable | 17/49 | €7,102 | €43,549 | +€36,447 | +513% |
| Amounts payable within one year | 42/48 | €6,102 | €42,049 | +€35,947 | +589% |
| Trade debts | 44 | €2,321 | €4,123 | +€1,802 | +77.6% |
| Suppliers | 440/4 | €2,321 | €4,123 | +€1,802 | +77.6% |
| Taxes, remuneration and social security | 45 | €2,458 | €29 | -€2,429 | -98.8% |
| Taxes | 450/3 | €2,458 | €29 | -€2,429 | -98.8% |
| Other amounts payable | 47/48 | €1,324 | €37,898 | +€36,574 | +2,763% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,500 | +€500 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €1,433 | -€170 | -10.6% |
| Other operating charges | 640/8 | €577 | €1,384 | +€807 | +140% |
| Gross operating margin | 9900 | €115,380 | €78,944 | -€36,437 | -31.6% |
| Operating profit (loss) | 9901 | €113,200 | €76,127 | -€37,073 | -32.8% |
| Financial income | 75/76B | €2,807 | €2,378 | -€429 | -15.3% |
| Recurring financial income | 75 | €2,807 | €2,378 | -€429 | -15.3% |
| Financial charges | 65/66B | €121 | €66 | -€54 | -45.0% |
| Recurring financial charges | 65 | €121 | €66 | -€54 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €115,886 | €78,438 | -€37,448 | -32.3% |
| Income taxes | 67/77 | €33,826 | €23,569 | -€10,257 | -30.3% |
| Profit (loss) for the period | 9904 | €82,060 | €54,869 | -€27,191 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,060 | €54,869 | -€27,191 | -33.1% |
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 13 October 2026 via checked.be.