A Propos: 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 Propos
Largest movements
- Receivables within one year +€33,549
up €33,549 (+1179.8%), from €2,844 to €36,393
- Tangible fixed assets -€31,114
down €31,114 (-10.7%), from €290,157 to €259,044
of which Land and buildings: -€36,785
- Stocks and contracts +€30,260
up €30,260 (+4.1%), from €735,882 to €766,143
- Tax, wage and social debts +€92,053
up €92,053 (+88.8%), from €103,620 to €195,673
of which Remuneration and social security: +€102,617
- Debts after one year -€77,988
down €77,988 (-82.4%), from €94,616 to €16,628
- Trade debts +€49,770
up €49,770 (+134.6%), from €36,985 to €86,755
- Reserves -€30,228
down €30,228 (-8.4%), from €361,916 to €331,688
of which Distributable reserves: -€30,000
- Other debts +€28,500
new in 2025: €28,500
- Gross operating margin -€30,510
down €30,510 (-20.6%), from €148,072 to €117,562
- Taxes -€9,275
down €9,275 (-98.2%), from €9,441 to €166
- Staff costs +€8,543
up €8,543 (+14.4%), from €59,477 to €68,021
- Write-downs -€6,739
down €6,739 (-54.8%), from €12,288 to €5,548
- Depreciation +€4,231
up €4,231 (+9.1%), from €46,673 to €50,904
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 | €1,066,185 | €1,111,166 | +€44,981 | +4.2% |
| Fixed assets | 21/28 | €296,779 | €274,351 | -€22,429 | -7.6% |
| Intangible fixed assets | 21 | €5,143 | €13,828 | +€8,685 | +168.9% |
| Tangible fixed assets | 22/27 | €290,157 | €259,044 | -€31,114 | -10.7% |
| Land and buildings | 22 | €271,475 | €234,691 | -€36,785 | -13.5% |
| Plant, machinery and equipment | 23 | €9,917 | €6,024 | -€3,893 | -39.3% |
| Furniture and vehicles | 24 | €8,765 | €18,329 | +€9,564 | +109.1% |
| Financial fixed assets | 28 | €1,479 | €1,479 | = | 0.0% |
| Current assets | 29/58 | €769,406 | €836,815 | +€67,410 | +8.8% |
| Stocks and contracts in progress | 3 | €735,882 | €766,143 | +€30,260 | +4.1% |
| Stocks | 30/36 | €735,882 | €766,143 | +€30,260 | +4.1% |
| Amounts receivable within one year | 40/41 | €2,844 | €36,393 | +€33,549 | +1179.8% |
| Trade receivables | 40 | €2,844 | €36,393 | +€33,549 | +1179.8% |
| Cash at bank and in hand | 54/58 | €28,503 | €32,103 | +€3,600 | +12.6% |
| Deferred charges and accrued income | 490/1 | €2,177 | €2,177 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,066,185 | €1,111,166 | +€44,981 | +4.2% |
| Equity | 10/15 | €774,409 | €733,462 | -€40,947 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €361,916 | €331,688 | -€30,228 | -8.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,545 | €7,317 | -€228 | -3.0% |
| Distributable reserves | 133 | €348,171 | €318,171 | -€30,000 | -8.6% |
| Profit (loss) carried forward | 14 | €350,493 | €339,774 | -€10,719 | -3.1% |
| Provisions and deferred taxes | 16 | €216 | €144 | -€72 | -33.3% |
| Deferred taxes | 168 | €216 | €144 | -€72 | -33.3% |
| Amounts payable | 17/49 | €291,560 | €377,560 | +€86,000 | +29.5% |
| Amounts payable after more than one year | 17 | €94,616 | €16,628 | -€77,988 | -82.4% |
| Financial debts | 170/4 | €94,616 | €16,628 | -€77,988 | -82.4% |
| Amounts payable within one year | 42/48 | €196,944 | €360,932 | +€163,988 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €56,339 | €50,004 | -€6,335 | -11.2% |
| Trade debts | 44 | €36,985 | €86,755 | +€49,770 | +134.6% |
| Suppliers | 440/4 | €36,985 | €86,755 | +€49,770 | +134.6% |
| Taxes, remuneration and social security | 45 | €103,620 | €195,673 | +€92,053 | +88.8% |
| Taxes | 450/3 | €28,273 | €17,709 | -€10,564 | -37.4% |
| Remuneration and social security | 454/9 | €75,347 | €177,964 | +€102,617 | +136.2% |
| Other amounts payable | 47/48 | - | €28,500 | +€28,500 | |
| Remuneration, social security and pensions | 62 | €59,477 | €68,021 | +€8,543 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,673 | €50,904 | +€4,231 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,288 | €5,548 | -€6,739 | -54.8% |
| Other operating charges | 640/8 | €5,318 | €5,931 | +€613 | +11.5% |
| Gross operating margin | 9900 | €148,072 | €117,562 | -€30,510 | -20.6% |
| Operating profit (loss) | 9901 | €24,316 | -€12,841 | -€37,157 | |
| Financial income | 75/76B | €10,613 | €7,214 | -€3,399 | -32.0% |
| Recurring financial income | 75 | €10,613 | €7,214 | -€3,399 | -32.0% |
| Financial charges | 65/66B | €7,964 | €5,225 | -€2,738 | -34.4% |
| Recurring financial charges | 65 | €7,964 | €5,225 | -€2,738 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €26,965 | -€10,853 | -€37,818 | |
| Transfer from deferred taxes | 780 | €72 | €72 | = | 0.0% |
| Income taxes | 67/77 | €9,441 | €166 | -€9,275 | -98.2% |
| Profit (loss) for the period | 9904 | €17,596 | -€10,947 | -€28,543 | |
| Transfer from tax-exempt reserves | 789 | €228 | €228 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,824 | -€10,719 | -€28,543 |
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 11 October 2026 via checked.be.