20-100: 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.
20-100
Largest movements
- Cash -€10,454
down €10,454 (-49.6%), from €21,095 to €10,642
mainly Advances received (-€7,593) and Investment in fixed assets (net) (-€5,076)
- Receivables within one year -€4,296
down €4,296 (-38.5%), from €11,155 to €6,859
of which Trade receivables: -€4,795
- Tangible fixed assets +€2,135
up €2,135 (+57.7%), from €3,702 to €5,837
of which Other tangible fixed assets: +€4,260
- Advances received -€7,593
down €7,593 (-57.5%), from €13,217 to €5,623
- Current portion of long-term debt -€2,719
no longer reported in 2025 (was €2,719)
- Tax, wage and social debts -€2,277
no longer reported in 2025 (was €2,277)
- Trade debts -€1,782
down €1,782 (-50.7%), from €3,519 to €1,736
- Other debts +€1,568
up €1,568 (+60.7%), from €2,584 to €4,152
- Gross operating margin -€15,316
down €15,316 (-75.0%), from €20,411 to €5,095
- Depreciation -€10,748
down €10,748 (-78.5%), from €13,689 to €2,941
- Taxes -€1,213
down €1,213 (-60.2%), from €2,014 to €801
- Financial charges -€644
down €644 (-57.6%), from €1,119 to €475
- Financial income +€518
up €518 (+56.4%), from €920 to €1,438
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 | €72,153 | €59,537 | -€12,616 | -17.5% |
| Fixed assets | 21/28 | €3,902 | €6,037 | +€2,135 | +54.7% |
| Tangible fixed assets | 22/27 | €3,702 | €5,837 | +€2,135 | +57.7% |
| Plant, machinery and equipment | 23 | €364 | €128 | -€235 | -64.7% |
| Furniture and vehicles | 24 | €3,338 | €1,448 | -€1,891 | -56.6% |
| Other tangible fixed assets | 26 | - | €4,260 | +€4,260 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €68,251 | €53,501 | -€14,750 | -21.6% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,155 | €6,859 | -€4,296 | -38.5% |
| Trade receivables | 40 | €10,418 | €5,623 | -€4,795 | -46.0% |
| Other amounts receivable | 41 | €737 | €1,236 | +€498 | +67.6% |
| Cash at bank and in hand | 54/58 | €21,095 | €10,642 | -€10,454 | -49.6% |
| Total equity and liabilities | 10/49 | €72,153 | €59,537 | -€12,616 | -17.5% |
| Equity | 10/15 | €47,836 | €48,025 | +€189 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,436 | €35,436 | = | 0.0% |
| Distributable reserves | 133 | €35,436 | €35,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €189 | +€189 | |
| Amounts payable | 17/49 | €24,316 | €11,512 | -€12,804 | -52.7% |
| Amounts payable within one year | 42/48 | €24,316 | €11,512 | -€12,804 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €2,719 | - | -€2,719 | |
| Trade debts | 44 | €3,519 | €1,736 | -€1,782 | -50.7% |
| Suppliers | 440/4 | €3,519 | €1,736 | -€1,782 | -50.7% |
| Advances received on contracts in progress | 46 | €13,217 | €5,623 | -€7,593 | -57.5% |
| Taxes, remuneration and social security | 45 | €2,277 | - | -€2,277 | |
| Remuneration and social security | 454/9 | €2,277 | - | -€2,277 | |
| Other amounts payable | 47/48 | €2,584 | €4,152 | +€1,568 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,689 | €2,941 | -€10,748 | -78.5% |
| Other operating charges | 640/8 | €1,844 | €2,127 | +€283 | +15.3% |
| Gross operating margin | 9900 | €20,411 | €5,095 | -€15,316 | -75.0% |
| Operating profit (loss) | 9901 | €4,878 | €27 | -€4,851 | -99.5% |
| Financial income | 75/76B | €920 | €1,438 | +€518 | +56.4% |
| Recurring financial income | 75 | €920 | €1,438 | +€518 | +56.4% |
| Financial charges | 65/66B | €1,119 | €475 | -€644 | -57.6% |
| Recurring financial charges | 65 | €1,119 | €475 | -€644 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €4,679 | €990 | -€3,689 | -78.8% |
| Income taxes | 67/77 | €2,014 | €801 | -€1,213 | -60.2% |
| Profit (loss) for the period | 9904 | €2,665 | €189 | -€2,476 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,665 | €189 | -€2,476 | -92.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.