10FOUR: 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.
10FOUR
Largest movements
- Cash +€12,126
up €12,126 (+15.7%), from €77,057 to €89,183
mainly Depreciation (+€12,235) and Other debts (+€7,863)
- Receivables within one year +€5,089
up €5,089 (+21.4%), from €23,749 to €28,838
of which Trade receivables: +€5,391
- Deferred charges and accrued income +€3,534
up €3,534 (+71.7%), from €4,926 to €8,461
- Tangible fixed assets -€3,303
down €3,303 (-8.6%), from €38,415 to €35,112
of which Furniture and vehicles: -€3,360
- Debts after one year -€10,808
down €10,808 (-92.3%), from €11,714 to €907
- Other debts +€7,863
up €7,863 (+19.2%), from €40,903 to €48,766
- Reserves +€6,171
up €6,171 (+332%), from €1,860 to €8,031
of which Distributable reserves: +€6,171
- Tax, wage and social debts +€6,134
up €6,134 (+84.5%), from €7,260 to €13,394
- Trade debts +€4,836
up €4,836 (+37.1%), from €13,042 to €17,878
- Gross operating margin +€1,387
up €1,387 (+5.0%), from €27,971 to €29,358
- Taxes +€1,187
up €1,187 (+25.3%), from €4,698 to €5,885
- Depreciation +€582
up €582 (+5.0%), from €11,653 to €12,235
- Financial charges +€387
up €387 (+10.4%), from €3,735 to €4,122
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 | €144,147 | €161,594 | +€17,446 | +12.1% |
| Fixed assets | 21/28 | €38,415 | €35,112 | -€3,303 | -8.6% |
| Tangible fixed assets | 22/27 | €38,415 | €35,112 | -€3,303 | -8.6% |
| Plant, machinery and equipment | 23 | €4,079 | €3,447 | -€632 | -15.5% |
| Furniture and vehicles | 24 | €32,571 | €29,211 | -€3,360 | -10.3% |
| Other tangible fixed assets | 26 | €1,765 | €2,455 | +€690 | +39.1% |
| Current assets | 29/58 | €105,733 | €126,481 | +€20,749 | +19.6% |
| Amounts receivable within one year | 40/41 | €23,749 | €28,838 | +€5,089 | +21.4% |
| Trade receivables | 40 | €23,447 | €28,838 | +€5,391 | +23.0% |
| Other amounts receivable | 41 | €302 | €0 | -€302 | -100% |
| Cash at bank and in hand | 54/58 | €77,057 | €89,183 | +€12,126 | +15.7% |
| Deferred charges and accrued income | 490/1 | €4,926 | €8,461 | +€3,534 | +71.7% |
| Total equity and liabilities | 10/49 | €144,147 | €161,594 | +€17,446 | +12.1% |
| Equity | 10/15 | €55,993 | €62,164 | +€6,171 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €8,031 | +€6,171 | +332% |
| 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 | - | €6,171 | +€6,171 | |
| Profit (loss) carried forward | 14 | €35,533 | €35,533 | = | 0.0% |
| Amounts payable | 17/49 | €88,154 | €99,429 | +€11,275 | +12.8% |
| Amounts payable after more than one year | 17 | €11,714 | €907 | -€10,808 | -92.3% |
| Financial debts | 170/4 | €11,714 | €907 | -€10,808 | -92.3% |
| Amounts payable within one year | 42/48 | €71,879 | €90,845 | +€18,967 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €10,674 | €10,808 | +€134 | +1.3% |
| Trade debts | 44 | €13,042 | €17,878 | +€4,836 | +37.1% |
| Suppliers | 440/4 | €13,042 | €17,878 | +€4,836 | +37.1% |
| Taxes, remuneration and social security | 45 | €7,260 | €13,394 | +€6,134 | +84.5% |
| Taxes | 450/3 | €7,260 | €13,394 | +€6,134 | +84.5% |
| Other amounts payable | 47/48 | €40,903 | €48,766 | +€7,863 | +19.2% |
| Accrued charges and deferred income | 492/3 | €4,561 | €7,677 | +€3,116 | +68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,653 | €12,235 | +€582 | +5.0% |
| Other operating charges | 640/8 | €893 | €954 | +€61 | +6.9% |
| Gross operating margin | 9900 | €27,971 | €29,358 | +€1,387 | +5.0% |
| Operating profit (loss) | 9901 | €15,425 | €16,168 | +€743 | +4.8% |
| Financial income | 75/76B | €8 | €10 | +€2 | +30.1% |
| Recurring financial income | 75 | €8 | €10 | +€2 | +30.1% |
| Financial charges | 65/66B | €3,735 | €4,122 | +€387 | +10.4% |
| Recurring financial charges | 65 | €3,735 | €4,122 | +€387 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €11,698 | €12,056 | +€358 | +3.1% |
| Income taxes | 67/77 | €4,698 | €5,885 | +€1,187 | +25.3% |
| Profit (loss) for the period | 9904 | €7,000 | €6,171 | -€829 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,000 | €6,171 | -€829 | -11.8% |
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.