2 WORK: 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 WORK
Largest movements
- Cash +€153,165
up €153,165 (+12204.0%), from €1,255 to €154,420
mainly Net result for the year (+€81,741) and Trade debts (+€48,985)
- Tangible fixed assets +€22,685
up €22,685 (+64.7%), from €35,078 to €57,763
of which Furniture and vehicles: +€24,635
- Reserves +€81,741
up €81,741 (+77.3%), from €105,768 to €187,509
- Trade debts +€48,985
up €48,985 (+105.4%), from €46,486 to €95,471
- Debts after one year +€20,301
up €20,301 (+146.3%), from €13,876 to €34,177
- Tax, wage and social debts +€19,236
up €19,236 (+2087.7%), from €921 to €20,157
- Current portion of long-term debt +€6,004
up €6,004 (+135.9%), from €4,419 to €10,423
- Gross operating margin +€113,144
up €113,144 (+473.1%), from €23,915 to €137,059
- Taxes +€36,171
up €36,171 (+907.5%), from €3,986 to €40,157
- Depreciation +€3,739
up €3,739 (+50.0%), from €7,483 to €11,222
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 | €177,726 | €354,391 | +€176,665 | +99.4% |
| Fixed assets | 21/28 | €35,078 | €57,763 | +€22,685 | +64.7% |
| Tangible fixed assets | 22/27 | €35,078 | €57,763 | +€22,685 | +64.7% |
| Plant, machinery and equipment | 23 | €14,881 | €12,931 | -€1,950 | -13.1% |
| Furniture and vehicles | 24 | €20,197 | €44,832 | +€24,635 | +122.0% |
| Current assets | 29/58 | €142,648 | €296,628 | +€153,980 | +107.9% |
| Amounts receivable within one year | 40/41 | €139,673 | €139,231 | -€442 | -0.3% |
| Trade receivables | 40 | €124,451 | €111,413 | -€13,038 | -10.5% |
| Other amounts receivable | 41 | €15,222 | €27,818 | +€12,596 | +82.7% |
| Cash at bank and in hand | 54/58 | €1,255 | €154,420 | +€153,165 | +12204.0% |
| Deferred charges and accrued income | 490/1 | €1,720 | €2,977 | +€1,257 | +73.1% |
| Total equity and liabilities | 10/49 | €177,726 | €354,391 | +€176,665 | +99.4% |
| Equity | 10/15 | €111,968 | €193,709 | +€81,741 | +73.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,768 | €187,509 | +€81,741 | +77.3% |
| Distributable reserves | 133 | €105,768 | €187,509 | +€81,741 | +77.3% |
| Amounts payable | 17/49 | €65,758 | €160,682 | +€94,924 | +144.4% |
| Amounts payable after more than one year | 17 | €13,876 | €34,177 | +€20,301 | +146.3% |
| Financial debts | 170/4 | €13,876 | €34,177 | +€20,301 | +146.3% |
| Amounts payable within one year | 42/48 | €51,846 | €126,468 | +€74,623 | +143.9% |
| Current portion of amounts payable after more than one year | 42 | €4,419 | €10,423 | +€6,004 | +135.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,486 | €95,471 | +€48,985 | +105.4% |
| Suppliers | 440/4 | €46,486 | €95,471 | +€48,985 | +105.4% |
| Taxes, remuneration and social security | 45 | €921 | €20,157 | +€19,236 | +2087.7% |
| Taxes | 450/3 | €921 | €20,157 | +€19,236 | +2087.7% |
| Other amounts payable | 47/48 | €19 | €417 | +€398 | +2087.7% |
| Accrued charges and deferred income | 492/3 | €37 | €36 | -€0 | -0.3% |
| Non-recurring operating income | 76A | - | €8,298 | +€8,298 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,483 | €11,222 | +€3,739 | +50.0% |
| Other operating charges | 640/8 | €749 | €2,034 | +€1,285 | +171.6% |
| Non-recurring operating charges | 66A | - | €67 | +€67 | |
| Gross operating margin | 9900 | €23,915 | €137,059 | +€113,144 | +473.1% |
| Operating profit (loss) | 9901 | €15,683 | €123,736 | +€108,053 | +689.0% |
| Financial income | 75/76B | €106 | €161 | +€55 | +51.5% |
| Recurring financial income | 75 | €106 | €161 | +€55 | +51.5% |
| Financial charges | 65/66B | €2,590 | €1,998 | -€591 | -22.8% |
| Recurring financial charges | 65 | €2,590 | €1,998 | -€591 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €13,200 | €121,898 | +€108,699 | +823.5% |
| Income taxes | 67/77 | €3,986 | €40,157 | +€36,171 | +907.5% |
| Profit (loss) for the period | 9904 | €9,214 | €81,741 | +€72,527 | +787.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,214 | €81,741 | +€72,527 | +787.2% |
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 8 October 2026 via checked.be.