2 Design: 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.
2 Design
Largest movements
- Deferred charges and accrued income +€20,102
new in 2025: €20,102
- Receivables within one year +€18,829
up €18,829 (+32,724%), from €58 to €18,887
of which Trade receivables: +€18,557
- Cash +€5,036
up €5,036 (+172%), from €2,928 to €7,964
mainly Net result for the year (+€33,535) and Trade debts (+€15,915)
- Tangible fixed assets -€493
down €493 (-26.4%), from €1,863 to €1,370
- Profit (loss) carried forward +€33,535
up €33,535 (+28.6%), from -€117,386 to -€83,851
- Other debts -€20,550
down €20,550 (-20.9%), from €98,557 to €78,006
- Trade debts +€15,915
up €15,915 (+127%), from €12,546 to €28,461
- Tax, wage and social debts +€13,774
up €13,774 (+226%), from €6,094 to €19,868
- Short-term financial debts +€802
up €802 (+2,112%), from €38 to €840
- Financial charges -€146,186
down €146,186 (-99.6%), from €146,806 to €619
of which Non-recurring financial charges: -€146,490
- Gross operating margin +€21,773
up €21,773 (+102%), from €21,274 to €43,048
- Write-downs +€5,000
new in 2025: €5,000
- Taxes +€1,482
new in 2025: €1,482
- Other operating charges +€1,324
up €1,324 (+208%), from €637 to €1,961
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 | €4,849 | €48,324 | +€43,475 | +897% |
| Fixed assets | 21/28 | €1,863 | €1,370 | -€493 | -26.4% |
| Tangible fixed assets | 22/27 | €1,863 | €1,370 | -€493 | -26.4% |
| Other tangible fixed assets | 26 | €1,863 | €1,370 | -€493 | -26.4% |
| Current assets | 29/58 | €2,986 | €46,953 | +€43,967 | +1,472% |
| Amounts receivable within one year | 40/41 | €58 | €18,887 | +€18,829 | +32,724% |
| Trade receivables | 40 | - | €18,557 | +€18,557 | |
| Other amounts receivable | 41 | €58 | €330 | +€272 | +474% |
| Cash at bank and in hand | 54/58 | €2,928 | €7,964 | +€5,036 | +172% |
| Deferred charges and accrued income | 490/1 | - | €20,102 | +€20,102 | |
| Total equity and liabilities | 10/49 | €4,849 | €48,324 | +€43,475 | +897% |
| Equity | 10/15 | -€112,386 | -€78,851 | +€33,535 | +29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,386 | -€83,851 | +€33,535 | +28.6% |
| Amounts payable | 17/49 | €117,235 | €127,174 | +€9,940 | +8.5% |
| Amounts payable within one year | 42/48 | €117,235 | €127,174 | +€9,940 | +8.5% |
| Financial debts | 43 | €38 | €840 | +€802 | +2,112% |
| Credit institutions | 430/8 | €38 | €840 | +€802 | +2,112% |
| Trade debts | 44 | €12,546 | €28,461 | +€15,915 | +127% |
| Suppliers | 440/4 | €12,546 | €28,461 | +€15,915 | +127% |
| Taxes, remuneration and social security | 45 | €6,094 | €19,868 | +€13,774 | +226% |
| Taxes | 450/3 | €6,094 | €19,868 | +€13,774 | +226% |
| Other amounts payable | 47/48 | €98,557 | €78,006 | -€20,550 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €493 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €637 | €1,961 | +€1,324 | +208% |
| Gross operating margin | 9900 | €21,274 | €43,048 | +€21,773 | +102% |
| Operating profit (loss) | 9901 | €20,145 | €35,594 | +€15,449 | +76.7% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €146,806 | €619 | -€146,186 | -99.6% |
| Recurring financial charges | 65 | €315 | €619 | +€304 | +96.6% |
| Non-recurring financial charges | 66B | €146,490 | - | -€146,490 | |
| Profit (loss) for the period before taxes | 9903 | -€126,661 | €35,017 | +€161,678 | |
| Income taxes | 67/77 | - | €1,482 | +€1,482 | |
| Profit (loss) for the period | 9904 | -€126,661 | €33,535 | +€160,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€126,661 | €33,535 | +€160,196 |
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.