72P: 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.
72P
Largest movements
- Receivables within one year -€20,057
down €20,057 (-31.9%), from €62,840 to €42,783
of which Trade receivables: -€22,670
- Intangible fixed assets -€18,316
down €18,316 (-31.3%), from €58,578 to €40,261
- Cash -€14,086
down €14,086 (-62.3%), from €22,595 to €8,509
mainly Debts after one year (-€48,958) and Contributions, distributions and other (-€15,159)
- Tangible fixed assets -€7,398
down €7,398 (-13.2%), from €55,976 to €48,578
of which Plant, machinery and equipment: -€7,288
- Stocks and contracts +€2,030
new in 2025: €2,030
- Debts after one year -€48,958
down €48,958 (-65.3%), from €75,000 to €26,042
- Current portion of long-term debt +€37,500
new in 2025: €37,500
- Investment grants -€15,159
down €15,159 (-21.2%), from €71,431 to €56,272
- Profit (loss) carried forward -€15,092
down €15,092 (-24.4%), from -€61,813 to -€76,905
- Advances received -€9,680
down €9,680 (-100%), from €9,680 to €0
- Depreciation -€5,969
down €5,969 (-19.4%), from €30,844 to €24,874
- Financial income +€4,525
up €4,525 (+29.2%), from €15,475 to €19,999
- Gross operating margin +€2,768
up €2,768 (+28.9%), from -€9,580 to -€6,811
- Staff costs -€1,981
down €1,981 (-100%), from €1,981 to €0
- Other operating charges +€1,184
up €1,184 (+23.9%), from €4,961 to €6,144
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 | €200,309 | €142,714 | -€57,595 | -28.8% |
| Fixed assets | 21/28 | €114,604 | €88,889 | -€25,714 | -22.4% |
| Intangible fixed assets | 21 | €58,578 | €40,261 | -€18,316 | -31.3% |
| Tangible fixed assets | 22/27 | €55,976 | €48,578 | -€7,398 | -13.2% |
| Plant, machinery and equipment | 23 | €55,534 | €48,246 | -€7,288 | -13.1% |
| Furniture and vehicles | 24 | €442 | €332 | -€110 | -24.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €85,705 | €53,824 | -€31,881 | -37.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €2,030 | +€2,030 | |
| Stocks | 30/36 | - | €2,030 | +€2,030 | |
| Amounts receivable within one year | 40/41 | €62,840 | €42,783 | -€20,057 | -31.9% |
| Trade receivables | 40 | €62,840 | €40,170 | -€22,670 | -36.1% |
| Other amounts receivable | 41 | - | €2,613 | +€2,613 | |
| Cash at bank and in hand | 54/58 | €22,595 | €8,509 | -€14,086 | -62.3% |
| Deferred charges and accrued income | 490/1 | €270 | €503 | +€233 | +86.4% |
| Total equity and liabilities | 10/49 | €200,309 | €142,714 | -€57,595 | -28.8% |
| Equity | 10/15 | €28,168 | -€2,083 | -€30,251 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,813 | -€76,905 | -€15,092 | -24.4% |
| Investment grants | 15 | €71,431 | €56,272 | -€15,159 | -21.2% |
| Provisions and deferred taxes | 16 | €17,858 | €14,068 | -€3,790 | -21.2% |
| Deferred taxes | 168 | €17,858 | €14,068 | -€3,790 | -21.2% |
| Amounts payable | 17/49 | €154,283 | €130,729 | -€23,554 | -15.3% |
| Amounts payable after more than one year | 17 | €75,000 | €26,042 | -€48,958 | -65.3% |
| Financial debts | 170/4 | €75,000 | €26,042 | -€48,958 | -65.3% |
| Amounts payable within one year | 42/48 | €74,113 | €99,925 | +€25,813 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | - | €37,500 | +€37,500 | |
| Trade debts | 44 | €15,409 | €14,326 | -€1,083 | -7.0% |
| Suppliers | 440/4 | €15,409 | €14,326 | -€1,083 | -7.0% |
| Advances received on contracts in progress | 46 | €9,680 | €0 | -€9,680 | -100% |
| Taxes, remuneration and social security | 45 | €868 | €0 | -€868 | -100% |
| Taxes | 450/3 | €868 | €0 | -€868 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €48,156 | €48,099 | -€56 | -0.1% |
| Accrued charges and deferred income | 492/3 | €5,170 | €4,762 | -€408 | -7.9% |
| Remuneration, social security and pensions | 62 | €1,981 | €0 | -€1,981 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,844 | €24,874 | -€5,969 | -19.4% |
| Other operating charges | 640/8 | €4,961 | €6,144 | +€1,184 | +23.9% |
| Gross operating margin | 9900 | -€9,580 | -€6,811 | +€2,768 | +28.9% |
| Operating profit (loss) | 9901 | -€47,364 | -€37,830 | +€9,535 | +20.1% |
| Financial income | 75/76B | €15,475 | €19,999 | +€4,525 | +29.2% |
| Recurring financial income | 75 | €15,475 | €19,999 | +€4,525 | +29.2% |
| Financial charges | 65/66B | €643 | €1,052 | +€409 | +63.6% |
| Recurring financial charges | 65 | €643 | €1,052 | +€409 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,533 | -€18,882 | +€13,651 | +42.0% |
| Transfer from deferred taxes | 780 | €3,869 | €3,790 | -€79 | -2.0% |
| Profit (loss) for the period | 9904 | -€28,664 | -€15,092 | +€13,572 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,664 | -€15,092 | +€13,572 | +47.3% |
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 16 October 2026 via checked.be.