2-IMPROVE: 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-IMPROVE
Largest movements
- Current investments -€39,200
down €39,200 (-96.2%), from €40,730 to €1,530
- Cash +€37,375
up €37,375 (+60.1%), from €62,186 to €99,561
mainly Current investments (+€39,200) and Receivables within one year (+€3,811)
- Receivables within one year -€3,811
down €3,811 (-78.1%), from €4,877 to €1,066
of which Other amounts receivable: -€2,595
- Tangible fixed assets -€1,488
down €1,488 (-23.6%), from €6,316 to €4,829
- Deferred charges and accrued income +€1,178
up €1,178, from €0 to €1,178
- Trade debts -€3,383
down €3,383 (-92.6%), from €3,655 to €272
- Tax, wage and social debts -€2,850
down €2,850 (-83.3%), from €3,420 to €570
- Profit (loss) carried forward +€1,437
up €1,437 (+1.8%), from -€80,483 to -€79,046
- Gross operating margin -€13,974
down €13,974 (-75.7%), from €18,460 to €4,487
- Depreciation +€366
up €366 (+32.6%), from €1,122 to €1,488
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 | €114,509 | €109,639 | -€4,870 | -4.3% |
| Fixed assets | 21/28 | €6,716 | €5,229 | -€1,488 | -22.1% |
| Tangible fixed assets | 22/27 | €6,316 | €4,829 | -€1,488 | -23.6% |
| Furniture and vehicles | 24 | €6,316 | €4,829 | -€1,488 | -23.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €107,793 | €104,410 | -€3,383 | -3.1% |
| Stocks and contracts in progress | 3 | - | €1,075 | +€1,075 | |
| Contracts in progress | 37 | - | €1,075 | +€1,075 | |
| Amounts receivable within one year | 40/41 | €4,877 | €1,066 | -€3,811 | -78.1% |
| Trade receivables | 40 | €2,184 | €968 | -€1,216 | -55.7% |
| Other amounts receivable | 41 | €2,693 | €98 | -€2,595 | -96.4% |
| Current investments | 50/53 | €40,730 | €1,530 | -€39,200 | -96.2% |
| Cash at bank and in hand | 54/58 | €62,186 | €99,561 | +€37,375 | +60.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,178 | +€1,178 | |
| Total equity and liabilities | 10/49 | €114,509 | €109,639 | -€4,870 | -4.3% |
| Equity | 10/15 | €105,092 | €106,529 | +€1,437 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,975 | €166,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €166,975 | €166,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,483 | -€79,046 | +€1,437 | +1.8% |
| Amounts payable | 17/49 | €9,417 | €3,110 | -€6,307 | -67.0% |
| Amounts payable within one year | 42/48 | €9,417 | €3,110 | -€6,307 | -67.0% |
| Trade debts | 44 | €3,655 | €272 | -€3,383 | -92.6% |
| Suppliers | 440/4 | €3,655 | €272 | -€3,383 | -92.6% |
| Taxes, remuneration and social security | 45 | €3,420 | €570 | -€2,850 | -83.3% |
| Taxes | 450/3 | €3,420 | €570 | -€2,850 | -83.3% |
| Other amounts payable | 47/48 | €2,342 | €2,267 | -€75 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €1,488 | +€366 | +32.6% |
| Other operating charges | 640/8 | €951 | €1,085 | +€135 | +14.2% |
| Gross operating margin | 9900 | €18,460 | €4,487 | -€13,974 | -75.7% |
| Operating profit (loss) | 9901 | €16,388 | €1,914 | -€14,474 | -88.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €98 | €75 | -€23 | -23.6% |
| Recurring financial charges | 65 | €98 | €75 | -€23 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €16,290 | €1,839 | -€14,451 | -88.7% |
| Income taxes | 67/77 | €515 | €402 | -€113 | -21.9% |
| Profit (loss) for the period | 9904 | €15,776 | €1,437 | -€14,339 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,776 | €1,437 | -€14,339 | -90.9% |
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 24 October 2026 via checked.be.