A-KNOWLEDGE: 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-KNOWLEDGE
Largest movements
- Receivables within one year -€31,693
down €31,693 (-29.3%), from €108,111 to €76,418
of which Trade receivables: -€36,740
- Tangible fixed assets +€5,277
up €5,277 (+165.1%), from €3,195 to €8,473
of which Furniture and vehicles: +€3,477
- Short-term financial debts -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Trade debts +€83,471
up €83,471 (+262.1%), from €31,847 to €115,318
- Other debts +€8,864
up €8,864 (+16.9%), from €52,521 to €61,385
- Tax, wage and social debts +€7,734
up €7,734 (+1285.8%), from €601 to €8,335
of which Remuneration and social security: +€5,625
- Staff costs +€45,816
up €45,816 (+477.7%), from €9,590 to €55,407
- Depreciation -€24,661
down €24,661 (-88.7%), from €27,806 to €3,145
- Gross operating margin +€24,169
up €24,169 (+21.5%), from €112,325 to €136,495
- Taxes +€2,307
up €2,307 (+572.5%), from €403 to €2,710
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 | €230,375 | €205,387 | -€24,988 | -10.8% |
| Fixed assets | 21/28 | €4,695 | €9,973 | +€5,277 | +112.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,195 | €8,473 | +€5,277 | +165.1% |
| Plant, machinery and equipment | 23 | €3,195 | €4,996 | +€1,801 | +56.3% |
| Furniture and vehicles | 24 | - | €3,477 | +€3,477 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €225,679 | €195,414 | -€30,265 | -13.4% |
| Amounts receivable within one year | 40/41 | €108,111 | €76,418 | -€31,693 | -29.3% |
| Trade receivables | 40 | €97,324 | €60,584 | -€36,740 | -37.8% |
| Other amounts receivable | 41 | €10,786 | €15,834 | +€5,048 | +46.8% |
| Cash at bank and in hand | 54/58 | €116,168 | €116,015 | -€154 | -0.1% |
| Deferred charges and accrued income | 490/1 | €1,400 | €2,981 | +€1,581 | +113.0% |
| Total equity and liabilities | 10/49 | €230,375 | €205,387 | -€24,988 | -10.8% |
| Equity | 10/15 | €20,405 | €20,349 | -€56 | -0.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,799 | -€56 | -3.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,855 | €1,799 | -€56 | -3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €209,970 | €185,038 | -€24,932 | -11.9% |
| Amounts payable within one year | 42/48 | €209,970 | €185,038 | -€24,932 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100.0% |
| Other loans | 439 | €125,000 | €0 | -€125,000 | -100.0% |
| Trade debts | 44 | €31,847 | €115,318 | +€83,471 | +262.1% |
| Suppliers | 440/4 | €31,847 | €115,318 | +€83,471 | +262.1% |
| Taxes, remuneration and social security | 45 | €601 | €8,335 | +€7,734 | +1285.8% |
| Taxes | 450/3 | €601 | €2,710 | +€2,109 | +350.6% |
| Remuneration and social security | 454/9 | - | €5,625 | +€5,625 | |
| Other amounts payable | 47/48 | €52,521 | €61,385 | +€8,864 | +16.9% |
| Remuneration, social security and pensions | 62 | €9,590 | €55,407 | +€45,816 | +477.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,806 | €3,145 | -€24,661 | -88.7% |
| Other operating charges | 640/8 | €641 | €756 | +€115 | +17.9% |
| Gross operating margin | 9900 | €112,325 | €136,495 | +€24,169 | +21.5% |
| Operating profit (loss) | 9901 | €74,288 | €77,188 | +€2,899 | +3.9% |
| Financial income | 75/76B | €452 | €56 | -€396 | -87.6% |
| Recurring financial income | 75 | €452 | €56 | -€396 | -87.6% |
| Financial charges | 65/66B | €13,031 | €13,204 | +€173 | +1.3% |
| Recurring financial charges | 65 | €13,031 | €13,204 | +€173 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €61,709 | €64,040 | +€2,330 | +3.8% |
| Income taxes | 67/77 | €403 | €2,710 | +€2,307 | +572.5% |
| Profit (loss) for the period | 9904 | €61,306 | €61,329 | +€23 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,306 | €61,329 | +€23 | 0.0% |
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.