2.0 GROUP: what changed
Two fiscal 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.
2.0 GROUP
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+5153.0%), from €42,904 to €2.3m
of which Land and buildings: +€1.6m
- Cash -€257,387
down €257,387 (-93.3%), from €276,013 to €18,627
mainly Investment in fixed assets (net) (-€2.3m) and Receivables within one year (-€168,744)
- Receivables within one year +€168,744
up €168,744 (+1358.5%), from €12,421 to €181,165
of which Trade receivables: +€165,908
- Debts after one year +€2.0m
up €2.0m (+1023.5%), from €194,646 to €2.2m
of which Financial debts: +€2.0m
- Trade debts +€166,058
up €166,058 (+10991.7%), from €1,511 to €167,569
- Profit (loss) carried forward -€158,621
down €158,621, from €31,787 to -€126,834
- Current portion of long-term debt +€87,109
up €87,109 (+508.4%), from €17,133 to €104,242
- Financial charges +€84,119
up €84,119 (+3243.3%), from €2,594 to €86,712
of which Financial charges: +€74,308
- Depreciation +€60,808
up €60,808 (+291.6%), from €20,853 to €81,661
- Other operating charges +€16,099
up €16,099 (+2754.6%), from €584 to €16,683
- Gross operating margin -€15,948
down €15,948 (-25.5%), from €62,646 to €46,698
- Staff costs +€2,016
up €2,016 (+11.0%), from €18,255 to €20,271
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 | €346,808 | €2,466,776 | +€2.1m | +611.3% |
| Fixed assets | 21/28 | €50,879 | €2,261,687 | +€2.2m | +4345.2% |
| Tangible fixed assets | 22/27 | €42,904 | €2,253,712 | +€2.2m | +5153.0% |
| Land and buildings | 22 | - | €1,641,732 | +€1.6m | |
| Plant, machinery and equipment | 23 | €28,967 | €602,575 | +€573,608 | +1980.2% |
| Furniture and vehicles | 24 | €4,126 | €9,405 | +€5,279 | +127.9% |
| Other tangible fixed assets | 26 | €9,811 | - | -€9,811 | |
| Financial fixed assets | 28 | €7,976 | €7,976 | = | 0.0% |
| Current assets | 29/58 | €295,929 | €205,089 | -€90,840 | -30.7% |
| Amounts receivable within one year | 40/41 | €12,421 | €181,165 | +€168,744 | +1358.5% |
| Trade receivables | 40 | €11,153 | €177,061 | +€165,908 | +1487.5% |
| Other amounts receivable | 41 | €1,268 | €4,105 | +€2,837 | +223.8% |
| Current investments | 50/53 | €6,000 | €2,954 | -€3,046 | -50.8% |
| Cash at bank and in hand | 54/58 | €276,013 | €18,627 | -€257,387 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,495 | €2,343 | +€848 | +56.8% |
| Total equity and liabilities | 10/49 | €346,808 | €2,466,776 | +€2.1m | +611.3% |
| Equity | 10/15 | €81,787 | -€76,834 | -€158,621 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,787 | -€126,834 | -€158,621 | |
| Amounts payable | 17/49 | €265,021 | €2,543,610 | +€2.3m | +859.8% |
| Amounts payable after more than one year | 17 | €194,646 | €2,186,815 | +€2.0m | +1023.5% |
| Financial debts | 170/4 | €17,561 | €1,986,991 | +€2.0m | +11214.6% |
| Other amounts payable | 178/9 | €177,085 | €199,824 | +€22,739 | +12.8% |
| Amounts payable within one year | 42/48 | €70,375 | €345,355 | +€274,980 | +390.7% |
| Current portion of amounts payable after more than one year | 42 | €17,133 | €104,242 | +€87,109 | +508.4% |
| Trade debts | 44 | €1,511 | €167,569 | +€166,058 | +10991.7% |
| Suppliers | 440/4 | €1,511 | €167,569 | +€166,058 | +10991.7% |
| Advances received on contracts in progress | 46 | €683 | €1,293 | +€610 | +89.3% |
| Taxes, remuneration and social security | 45 | €5,394 | €3,226 | -€2,168 | -40.2% |
| Taxes | 450/3 | €2,402 | €1,146 | -€1,256 | -52.3% |
| Remuneration and social security | 454/9 | €2,992 | €2,080 | -€912 | -30.5% |
| Other amounts payable | 47/48 | €45,654 | €69,025 | +€23,371 | +51.2% |
| Accrued charges and deferred income | 492/3 | - | €11,440 | +€11,440 | |
| Remuneration, social security and pensions | 62 | €18,255 | €20,271 | +€2,016 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,853 | €81,661 | +€60,808 | +291.6% |
| Other operating charges | 640/8 | €584 | €16,683 | +€16,099 | +2754.6% |
| Gross operating margin | 9900 | €62,646 | €46,698 | -€15,948 | -25.5% |
| Operating profit (loss) | 9901 | €22,954 | -€71,918 | -€94,872 | |
| Financial income | 75/76B | €8 | €9 | +€0 | +5.8% |
| Recurring financial income | 75 | €8 | €9 | +€0 | +5.8% |
| Financial charges | 65/66B | €2,594 | €86,712 | +€84,119 | +3243.3% |
| Recurring financial charges | 65 | €2,594 | €76,902 | +€74,308 | +2865.0% |
| Non-recurring financial charges | 66B | - | €9,811 | +€9,811 | |
| Profit (loss) for the period before taxes | 9903 | €20,369 | -€158,621 | -€178,990 | |
| Profit (loss) for the period | 9904 | €20,369 | -€158,621 | -€178,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,369 | -€158,621 | -€178,990 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.