"7": 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.
"7"
Largest movements
- Receivables within one year +€293,111
up €293,111 (+43.5%), from €673,984 to €967,095
of which Other amounts receivable: +€293,111
- Stocks and contracts -€106,433
down €106,433 (-19.9%), from €534,530 to €428,097
- Trade debts +€178,082
up €178,082 (+360.3%), from €49,425 to €227,507
- Debts after one year -€149,840
down €149,840 (-96.8%), from €154,725 to €4,885
of which Financial debts: -€150,000
- Profit (loss) carried forward +€142,211
up €142,211 (+33.8%), from -€420,350 to -€278,139
- Other debts +€16,354
up €16,354 (+2.1%), from €763,010 to €779,364
- Financial charges -€56,685
down €56,685 (-77.5%), from €73,188 to €16,502
- Gross operating margin -€30,077
down €30,077 (-17.4%), from €172,679 to €142,602
- Financial income +€3,112
up €3,112 (+23.9%), from €13,000 to €16,111
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 | €1,208,679 | €1,395,486 | +€186,807 | +15.5% |
| Current assets | 29/58 | €1,208,679 | €1,395,486 | +€186,807 | +15.5% |
| Stocks and contracts in progress | 3 | €534,530 | €428,097 | -€106,433 | -19.9% |
| Stocks | 30/36 | €534,530 | €428,097 | -€106,433 | -19.9% |
| Amounts receivable within one year | 40/41 | €673,984 | €967,095 | +€293,111 | +43.5% |
| Trade receivables | 40 | €30,513 | €30,513 | = | 0.0% |
| Other amounts receivable | 41 | €643,471 | €936,582 | +€293,111 | +45.6% |
| Cash at bank and in hand | 54/58 | €166 | €294 | +€128 | +77.4% |
| Total equity and liabilities | 10/49 | €1,208,679 | €1,395,486 | +€186,807 | +15.5% |
| Equity | 10/15 | -€296,850 | -€154,639 | +€142,211 | +47.9% |
| Contributions | 10/11 | €122,600 | €122,600 | = | 0.0% |
| Capital | 10 | €122,600 | €122,600 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Uncalled capital | 101 | €127,400 | €127,400 | = | 0.0% |
| Reserves | 13 | €900 | €900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €900 | €900 | = | 0.0% |
| Legal reserve | 130 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€420,350 | -€278,139 | +€142,211 | +33.8% |
| Amounts payable | 17/49 | €1,505,530 | €1,550,126 | +€44,596 | +3.0% |
| Amounts payable after more than one year | 17 | €154,725 | €4,885 | -€149,840 | -96.8% |
| Financial debts | 170/4 | €154,725 | €4,725 | -€150,000 | -96.9% |
| Advances received on contracts in progress | 176 | - | €160 | +€160 | |
| Amounts payable within one year | 42/48 | €1,328,178 | €1,522,614 | +€194,436 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €510,000 | €510,000 | = | 0.0% |
| Trade debts | 44 | €49,425 | €227,507 | +€178,082 | +360.3% |
| Suppliers | 440/4 | €49,425 | €227,507 | +€178,082 | +360.3% |
| Taxes, remuneration and social security | 45 | €5,743 | €5,743 | = | 0.0% |
| Taxes | 450/3 | €5,743 | €5,743 | = | 0.0% |
| Other amounts payable | 47/48 | €763,010 | €779,364 | +€16,354 | +2.1% |
| Accrued charges and deferred income | 492/3 | €22,627 | €22,627 | = | 0.0% |
| Other operating charges | 640/8 | €182 | - | -€182 | |
| Gross operating margin | 9900 | €172,679 | €142,602 | -€30,077 | -17.4% |
| Operating profit (loss) | 9901 | €172,497 | €142,602 | -€29,895 | -17.3% |
| Financial income | 75/76B | €13,000 | €16,111 | +€3,112 | +23.9% |
| Recurring financial income | 75 | €13,000 | €16,111 | +€3,112 | +23.9% |
| Financial charges | 65/66B | €73,188 | €16,502 | -€56,685 | -77.5% |
| Recurring financial charges | 65 | €73,188 | €16,502 | -€56,685 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €112,309 | €142,211 | +€29,902 | +26.6% |
| Profit (loss) for the period | 9904 | €112,309 | €142,211 | +€29,902 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €112,309 | €142,211 | +€29,902 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.