GLOBAL DEVELOPMENTS: what changed
GLOBAL DEVELOPMENTS
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€103,583
up €103,583 (+75.6%), from €137,015 to €240,598
- Cash +€36,087
up €36,087 (+28.7%), from €125,787 to €161,874
mainly Current investments (+€150,000) and Net result for the year (+€12,995)
- Debts after one year -€29,473
down €29,473 (-31.6%), from €93,412 to €63,938
- Reserves +€12,995
up €12,995 (+5.6%), from €232,846 to €245,841
of which Distributable reserves: +€12,995
- Tax, wage and social debts +€6,149
new in 2025: €6,149
- Gross operating margin +€22,375
up €22,375, from -€4,659 to €17,716
- Taxes +€6,149
new in 2025: €6,149
- Financial income -€1,845
down €1,845 (-50.7%), from €3,639 to €1,794
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,802 | €402,472 | -€10,330 | -2.5% |
| Current assets | 29/58 | €412,802 | €402,472 | -€10,330 | -2.5% |
| Amounts receivable within one year | 40/41 | €137,015 | €240,598 | +€103,583 | +75.6% |
| Other amounts receivable | 41 | €137,015 | €240,598 | +€103,583 | +75.6% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €125,787 | €161,874 | +€36,087 | +28.7% |
| Total equity and liabilities | 10/49 | €412,802 | €402,472 | -€10,330 | -2.5% |
| Equity | 10/15 | €276,586 | €289,581 | +€12,995 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,846 | €245,841 | +€12,995 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,986 | €243,981 | +€12,995 | +5.6% |
| Profit (loss) carried forward | 14 | €25,140 | €25,140 | = | 0.0% |
| Amounts payable | 17/49 | €136,216 | €112,891 | -€23,325 | -17.1% |
| Amounts payable after more than one year | 17 | €93,412 | €63,938 | -€29,473 | -31.6% |
| Financial debts | 170/4 | €93,412 | €63,938 | -€29,473 | -31.6% |
| Amounts payable within one year | 42/48 | €42,804 | €48,953 | +€6,149 | +14.4% |
| Taxes, remuneration and social security | 45 | - | €6,149 | +€6,149 | |
| Taxes | 450/3 | - | €6,149 | +€6,149 | |
| Other amounts payable | 47/48 | €42,804 | €42,804 | = | 0.0% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | -€4,659 | €17,716 | +€22,375 | |
| Operating profit (loss) | 9901 | -€4,768 | €17,598 | +€22,366 | |
| Financial income | 75/76B | €3,639 | €1,794 | -€1,845 | -50.7% |
| Recurring financial income | 75 | €3,639 | €1,794 | -€1,845 | -50.7% |
| Financial charges | 65/66B | €219 | €248 | +€29 | +13.2% |
| Recurring financial charges | 65 | €219 | €248 | +€29 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,348 | €19,144 | +€20,492 | |
| Income taxes | 67/77 | - | €6,149 | +€6,149 | |
| Profit (loss) for the period | 9904 | -€1,348 | €12,995 | +€14,343 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,348 | €12,995 | +€14,343 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.