A++ audit: 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.
A++ audit
Largest movements
- Tangible fixed assets -€13,677
down €13,677 (-22.5%), from €60,699 to €47,022
of which Furniture and vehicles: -€14,395
- Cash -€7,414
down €7,414 (-4.2%), from €177,562 to €170,149
mainly Debts after one year (-€30,738) and Tax, wage and social debts (-€13,570)
- Receivables within one year -€4,507
down €4,507 (-18.2%), from €24,767 to €20,261
of which Trade receivables: -€4,505
- Debts after one year -€30,738
down €30,738 (-52.7%), from €58,367 to €27,629
- Tax, wage and social debts -€13,570
down €13,570 (-60.4%), from €22,467 to €8,898
- Current portion of long-term debt +€11,012
new in 2025: €11,012
- Reserves +€5,266
up €5,266 (+3.2%), from €162,938 to €168,204
of which Distributable reserves: +€5,266
- Taxes +€5,612
up €5,612 (+98.0%), from €5,726 to €11,338
- Gross operating margin +€4,977
up €4,977 (+12.3%), from €40,432 to €45,408
- Financial income +€4,372
up €4,372 (+21,862,150%), from €0 to €4,372
- Financial charges +€1,173
up €1,173 (+60.2%), from €1,951 to €3,124
- Depreciation -€662
down €662 (-4.1%), from €16,340 to €15,677
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 | €264,834 | €240,820 | -€24,014 | -9.1% |
| Fixed assets | 21/28 | €60,699 | €47,022 | -€13,677 | -22.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €60,699 | €47,022 | -€13,677 | -22.5% |
| Plant, machinery and equipment | 23 | €5,046 | €5,764 | +€718 | +14.2% |
| Furniture and vehicles | 24 | €55,653 | €41,258 | -€14,395 | -25.9% |
| Current assets | 29/58 | €204,135 | €193,798 | -€10,338 | -5.1% |
| Amounts receivable within one year | 40/41 | €24,767 | €20,261 | -€4,507 | -18.2% |
| Trade receivables | 40 | €24,765 | €20,261 | -€4,505 | -18.2% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €177,562 | €170,149 | -€7,414 | -4.2% |
| Deferred charges and accrued income | 490/1 | €1,806 | €3,388 | +€1,582 | +87.6% |
| Total equity and liabilities | 10/49 | €264,834 | €240,820 | -€24,014 | -9.1% |
| Equity | 10/15 | €169,138 | €174,404 | +€5,266 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €162,938 | €168,204 | +€5,266 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,732 | €7,732 | = | 0.0% |
| Distributable reserves | 133 | €153,346 | €158,612 | +€5,266 | +3.4% |
| Amounts payable | 17/49 | €95,696 | €66,416 | -€29,281 | -30.6% |
| Amounts payable after more than one year | 17 | €58,367 | €27,629 | -€30,738 | -52.7% |
| Financial debts | 170/4 | €58,367 | €27,629 | -€30,738 | -52.7% |
| Amounts payable within one year | 42/48 | €37,330 | €37,912 | +€582 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,012 | +€11,012 | |
| Trade debts | 44 | €12,497 | €14,786 | +€2,289 | +18.3% |
| Suppliers | 440/4 | €12,497 | €14,786 | +€2,289 | +18.3% |
| Taxes, remuneration and social security | 45 | €22,467 | €8,898 | -€13,570 | -60.4% |
| Taxes | 450/3 | €22,467 | €8,898 | -€13,570 | -60.4% |
| Other amounts payable | 47/48 | €2,365 | €3,216 | +€851 | +36.0% |
| Accrued charges and deferred income | 492/3 | - | €875 | +€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,340 | €15,677 | -€662 | -4.1% |
| Other operating charges | 640/8 | €1,474 | €1,119 | -€355 | -24.1% |
| Gross operating margin | 9900 | €40,432 | €45,408 | +€4,977 | +12.3% |
| Operating profit (loss) | 9901 | €22,618 | €28,612 | +€5,994 | +26.5% |
| Financial income | 75/76B | €0 | €4,372 | +€4,372 | +21,862,150% |
| Recurring financial income | 75 | €0 | €4,372 | +€4,372 | +21,862,150% |
| Financial charges | 65/66B | €1,951 | €3,124 | +€1,173 | +60.2% |
| Recurring financial charges | 65 | €1,951 | €3,124 | +€1,173 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €20,668 | €29,861 | +€9,193 | +44.5% |
| Income taxes | 67/77 | €5,726 | €11,338 | +€5,612 | +98.0% |
| Profit (loss) for the period | 9904 | €14,942 | €18,523 | +€3,581 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,942 | €18,523 | +€3,581 | +24.0% |
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 19 October 2026 via checked.be.