ACT ONE: 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.
ACT ONE
Largest movements
- Receivables within one year -€8,491
down €8,491 (-11.9%), from €71,353 to €62,863
- Cash -€2,124
down €2,124 (-74.8%), from €2,838 to €714
mainly Debts after one year (-€8,589) and Tax, wage and social debts (-€1,492)
- Debts after one year -€8,589
down €8,589 (-73.3%), from €11,712 to €3,123
- Current portion of long-term debt +€2,342
up €2,342 (+100.0%), from €2,342 to €4,685
- Tax, wage and social debts -€1,492
no longer reported in 2025 (was €1,492)
- Trade debts -€1,335
down €1,335 (-49.3%), from €2,705 to €1,370
- Short-term financial debts -€1,205
down €1,205 (-23.4%), from €5,141 to €3,936
- Gross operating margin -€11,891
down €11,891, from €11,070 to -€821
- Financial income +€703
up €703 (+20.1%), from €3,491 to €4,195
- Depreciation -€264
down €264 (-15.0%), from €1,761 to €1,497
- Financial charges -€184
down €184 (-18.6%), from €993 to €808
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 | €76,256 | €65,790 | -€10,466 | -13.7% |
| Fixed assets | 21/28 | €2,065 | €2,022 | -€44 | -2.1% |
| Tangible fixed assets | 22/27 | €2,065 | €2,022 | -€44 | -2.1% |
| Plant, machinery and equipment | 23 | €1,202 | €225 | -€977 | -81.3% |
| Furniture and vehicles | 24 | €863 | €1,797 | +€934 | +108.2% |
| Current assets | 29/58 | €74,191 | €63,768 | -€10,423 | -14.0% |
| Amounts receivable within one year | 40/41 | €71,353 | €62,863 | -€8,491 | -11.9% |
| Other amounts receivable | 41 | €71,353 | €62,863 | -€8,491 | -11.9% |
| Cash at bank and in hand | 54/58 | €2,838 | €714 | -€2,124 | -74.8% |
| Deferred charges and accrued income | 490/1 | - | €192 | +€192 | |
| Total equity and liabilities | 10/49 | €76,256 | €65,790 | -€10,466 | -13.7% |
| Equity | 10/15 | €52,476 | €52,276 | -€200 | -0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,255 | €23,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €21,396 | €21,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,629 | €10,429 | -€200 | -1.9% |
| Amounts payable | 17/49 | €23,780 | €13,514 | -€10,266 | -43.2% |
| Amounts payable after more than one year | 17 | €11,712 | €3,123 | -€8,589 | -73.3% |
| Financial debts | 170/4 | €11,712 | €3,123 | -€8,589 | -73.3% |
| Amounts payable within one year | 42/48 | €11,681 | €9,991 | -€1,689 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €2,342 | €4,685 | +€2,342 | +100.0% |
| Financial debts | 43 | €5,141 | €3,936 | -€1,205 | -23.4% |
| Credit institutions | 430/8 | €5,141 | €3,936 | -€1,205 | -23.4% |
| Trade debts | 44 | €2,705 | €1,370 | -€1,335 | -49.3% |
| Suppliers | 440/4 | €2,705 | €1,370 | -€1,335 | -49.3% |
| Taxes, remuneration and social security | 45 | €1,492 | - | -€1,492 | |
| Taxes | 450/3 | €1,492 | - | -€1,492 | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,761 | €1,497 | -€264 | -15.0% |
| Other operating charges | 640/8 | €1,178 | €1,269 | +€90 | +7.7% |
| Gross operating margin | 9900 | €11,070 | -€821 | -€11,891 | |
| Operating profit (loss) | 9901 | €8,130 | -€3,587 | -€11,717 | |
| Financial income | 75/76B | €3,491 | €4,195 | +€703 | +20.1% |
| Recurring financial income | 75 | €3,491 | €4,195 | +€703 | +20.1% |
| Financial charges | 65/66B | €993 | €808 | -€184 | -18.6% |
| Recurring financial charges | 65 | €993 | €808 | -€184 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €10,629 | -€200 | -€10,829 | |
| Profit (loss) for the period | 9904 | €10,629 | -€200 | -€10,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,629 | -€200 | -€10,829 |
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 8 October 2026 via checked.be.