A STRANGE LOOP: 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 STRANGE LOOP
Largest movements
- Cash +€45,976
up €45,976 (+44.2%), from €103,903 to €149,878
mainly Net result for the year (+€72,671) and Receivables after one year (+€10,000)
- Receivables after one year -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
- Reserves +€34,654
up €34,654 (+19.7%), from €175,823 to €210,477
- Trade debts +€4,716
up €4,716 (+235%), from €2,006 to €6,722
- Tax, wage and social debts -€2,620
down €2,620 (-61.0%), from €4,294 to €1,674
of which Remuneration and social security: -€1,700
- Other debts -€2,596
down €2,596 (-8.5%), from €30,496 to €27,899
- Gross operating margin +€9,485
up €9,485 (+10.7%), from €88,726 to €98,211
- Taxes +€1,876
up €1,876 (+8.0%), from €23,345 to €25,221
- Financial charges +€1,708
up €1,708 (+1,159%), from €147 to €1,856
- Other operating charges -€1,281
down €1,281 (-64.3%), from €1,991 to €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.
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 | €219,218 | €255,032 | +€35,814 | +16.3% |
| Fixed assets | 21/28 | €1,473 | €610 | -€863 | -58.6% |
| Tangible fixed assets | 22/27 | €1,473 | €610 | -€863 | -58.6% |
| Furniture and vehicles | 24 | €1,473 | €610 | -€863 | -58.6% |
| Current assets | 29/58 | €217,745 | €254,421 | +€36,677 | +16.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Other amounts receivable | 291 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €30,544 | €30,637 | +€93 | +0.3% |
| Trade receivables | 40 | €17,424 | €13,068 | -€4,356 | -25.0% |
| Other amounts receivable | 41 | €13,120 | €17,569 | +€4,449 | +33.9% |
| Cash at bank and in hand | 54/58 | €103,903 | €149,878 | +€45,976 | +44.2% |
| Deferred charges and accrued income | 490/1 | €3,298 | €3,906 | +€608 | +18.4% |
| Total equity and liabilities | 10/49 | €219,218 | €255,032 | +€35,814 | +16.3% |
| Equity | 10/15 | €182,023 | €216,677 | +€34,654 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,823 | €210,477 | +€34,654 | +19.7% |
| Distributable reserves | 133 | €175,823 | €210,477 | +€34,654 | +19.7% |
| Amounts payable | 17/49 | €37,195 | €38,355 | +€1,160 | +3.1% |
| Amounts payable within one year | 42/48 | €36,795 | €36,295 | -€501 | -1.4% |
| Trade debts | 44 | €2,006 | €6,722 | +€4,716 | +235% |
| Suppliers | 440/4 | €2,006 | €6,722 | +€4,716 | +235% |
| Taxes, remuneration and social security | 45 | €4,294 | €1,674 | -€2,620 | -61.0% |
| Taxes | 450/3 | €2,594 | €1,674 | -€920 | -35.5% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €30,496 | €27,899 | -€2,596 | -8.5% |
| Accrued charges and deferred income | 492/3 | €400 | €2,060 | +€1,660 | +415% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,174 | €863 | -€311 | -26.5% |
| Other operating charges | 640/8 | €1,991 | €710 | -€1,281 | -64.3% |
| Gross operating margin | 9900 | €88,726 | €98,211 | +€9,485 | +10.7% |
| Operating profit (loss) | 9901 | €85,561 | €96,638 | +€11,077 | +12.9% |
| Financial income | 75/76B | €3,015 | €3,110 | +€96 | +3.2% |
| Recurring financial income | 75 | €3,015 | €3,110 | +€96 | +3.2% |
| Financial charges | 65/66B | €147 | €1,856 | +€1,708 | +1,159% |
| Recurring financial charges | 65 | €147 | €1,856 | +€1,708 | +1,159% |
| Profit (loss) for the period before taxes | 9903 | €88,428 | €97,892 | +€9,464 | +10.7% |
| Income taxes | 67/77 | €23,345 | €25,221 | +€1,876 | +8.0% |
| Profit (loss) for the period | 9904 | €65,083 | €72,671 | +€7,588 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,083 | €72,671 | +€7,588 | +11.7% |
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 15 October 2026 via checked.be.