A. GREGOIRE: 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.
A. GREGOIRE
Largest movements
- Cash +€9,688
up €9,688 (+17.5%), from €55,312 to €65,000
mainly Net result for the year (+€36,129) and Receivables within one year (+€3,426)
- Receivables within one year -€3,426
down €3,426 (-18.1%), from €18,886 to €15,460
of which Other amounts receivable: -€4,117
- Deferred charges and accrued income -€1,331
down €1,331 (-72.8%), from €1,829 to €498
- Reserves +€28,929
up €28,929 (+77.3%), from €37,443 to €66,372
- Tax, wage and social debts -€18,717
down €18,717 (-70.9%), from €26,385 to €7,668
of which Taxes: -€16,117
- Contributions -€4,999
down €4,999 (-100.0%), from €5,000 to €1
- Other debts -€1,300
down €1,300 (-15.3%), from €8,500 to €7,200
- Gross operating margin -€13,390
down €13,390 (-20.3%), from €66,024 to €52,635
- Taxes -€3,132
down €3,132 (-18.7%), from €16,766 to €13,635
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 | €78,494 | €82,821 | +€4,327 | +5.5% |
| Fixed assets | 21/28 | €2,468 | €1,863 | -€605 | -24.5% |
| Tangible fixed assets | 22/27 | €2,468 | €1,863 | -€605 | -24.5% |
| Plant, machinery and equipment | 23 | €2,468 | €1,863 | -€605 | -24.5% |
| Current assets | 29/58 | €76,027 | €80,958 | +€4,931 | +6.5% |
| Amounts receivable within one year | 40/41 | €18,886 | €15,460 | -€3,426 | -18.1% |
| Trade receivables | 40 | €14,371 | €15,062 | +€691 | +4.8% |
| Other amounts receivable | 41 | €4,514 | €397 | -€4,117 | -91.2% |
| Cash at bank and in hand | 54/58 | €55,312 | €65,000 | +€9,688 | +17.5% |
| Deferred charges and accrued income | 490/1 | €1,829 | €498 | -€1,331 | -72.8% |
| Total equity and liabilities | 10/49 | €78,494 | €82,821 | +€4,327 | +5.5% |
| Equity | 10/15 | €42,443 | €66,373 | +€23,930 | +56.4% |
| Contributions | 10/11 | €5,000 | €1 | -€4,999 | -100.0% |
| Reserves | 13 | €37,443 | €66,372 | +€28,929 | +77.3% |
| Distributable reserves | 133 | €37,443 | €66,372 | +€28,929 | +77.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,052 | €16,448 | -€19,603 | -54.4% |
| Amounts payable within one year | 42/48 | €36,052 | €16,448 | -€19,603 | -54.4% |
| Trade debts | 44 | €1,167 | €1,580 | +€413 | +35.4% |
| Suppliers | 440/4 | €1,167 | €1,580 | +€413 | +35.4% |
| Taxes, remuneration and social security | 45 | €26,385 | €7,668 | -€18,717 | -70.9% |
| Taxes | 450/3 | €23,785 | €7,668 | -€16,117 | -67.8% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100.0% |
| Other amounts payable | 47/48 | €8,500 | €7,200 | -€1,300 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €605 | +€49 | +8.8% |
| Other operating charges | 640/8 | €349 | €0 | -€349 | -100.0% |
| Gross operating margin | 9900 | €66,024 | €52,635 | -€13,390 | -20.3% |
| Operating profit (loss) | 9901 | €65,119 | €52,030 | -€13,090 | -20.1% |
| Financial income | 75/76B | €77 | €128 | +€52 | +67.1% |
| Recurring financial income | 75 | €77 | €128 | +€52 | +67.1% |
| Financial charges | 65/66B | €2,487 | €2,394 | -€93 | -3.7% |
| Recurring financial charges | 65 | €2,487 | €2,394 | -€93 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €62,709 | €49,764 | -€12,945 | -20.6% |
| Income taxes | 67/77 | €16,766 | €13,635 | -€3,132 | -18.7% |
| Profit (loss) for the period | 9904 | €45,943 | €36,129 | -€9,814 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,943 | €36,129 | -€9,814 | -21.4% |
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 6 October 2026 via checked.be.