ACTIVE IT: 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.
ACTIVE IT
Largest movements
- Receivables within one year -€161,413
down €161,413 (-41.3%), from €390,433 to €229,020
of which Trade receivables: -€164,453
- Cash +€6,403
up €6,403 (+19.0%), from €33,763 to €40,166
mainly Receivables within one year (+€161,413) and Stocks and contracts (+€1,523)
- Receivables after one year +€5,738
new in 2025: €5,738
- Trade debts -€145,511
down €145,511 (-67.8%), from €214,530 to €69,018
- Tax, wage and social debts -€6,333
down €6,333 (-95.0%), from €6,668 to €334
- Financial charges -€10,220
down €10,220 (-84.2%), from €12,138 to €1,918
of which Non-recurring financial charges: -€10,209
- Gross operating margin -€7,946
down €7,946 (-62.9%), from €12,628 to €4,682
- Financial income -€4,740
down €4,740 (-81.1%), from €5,847 to €1,107
- Taxes -€744
down €744 (-64.7%), from €1,151 to €406
- Other operating charges +€588
up €588 (+46.8%), from €1,257 to €1,845
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 | €428,510 | €277,715 | -€150,795 | -35.2% |
| Current assets | 29/58 | €428,510 | €277,715 | -€150,795 | -35.2% |
| Amounts receivable after more than one year | 29 | - | €5,738 | +€5,738 | |
| Other amounts receivable | 291 | - | €5,738 | +€5,738 | |
| Stocks and contracts in progress | 3 | €4,314 | €2,791 | -€1,523 | -35.3% |
| Stocks | 30/36 | €4,314 | €2,791 | -€1,523 | -35.3% |
| Amounts receivable within one year | 40/41 | €390,433 | €229,020 | -€161,413 | -41.3% |
| Trade receivables | 40 | €389,286 | €224,833 | -€164,453 | -42.2% |
| Other amounts receivable | 41 | €1,147 | €4,187 | +€3,040 | +265.0% |
| Cash at bank and in hand | 54/58 | €33,763 | €40,166 | +€6,403 | +19.0% |
| Total equity and liabilities | 10/49 | €428,510 | €277,715 | -€150,795 | -35.2% |
| Equity | 10/15 | €207,312 | €208,362 | +€1,050 | +0.5% |
| Contributions | 10/11 | €70,500 | €70,500 | = | 0.0% |
| Capital | 10 | €70,500 | €70,500 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Uncalled capital | 101 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €55,700 | €55,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,500 | €48,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,112 | €82,162 | +€1,050 | +1.3% |
| Amounts payable | 17/49 | €221,197 | €69,352 | -€151,845 | -68.6% |
| Amounts payable within one year | 42/48 | €221,197 | €69,352 | -€151,845 | -68.6% |
| Trade debts | 44 | €214,530 | €69,018 | -€145,511 | -67.8% |
| Suppliers | 440/4 | €214,530 | €69,018 | -€145,511 | -67.8% |
| Taxes, remuneration and social security | 45 | €6,668 | €334 | -€6,333 | -95.0% |
| Taxes | 450/3 | €6,668 | €334 | -€6,333 | -95.0% |
| Remuneration, social security and pensions | 62 | €569 | €570 | +€1 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | - | -€75 | |
| Other operating charges | 640/8 | €1,257 | €1,845 | +€588 | +46.8% |
| Gross operating margin | 9900 | €12,628 | €4,682 | -€7,946 | -62.9% |
| Operating profit (loss) | 9901 | €10,727 | €2,268 | -€8,460 | -78.9% |
| Financial income | 75/76B | €5,847 | €1,107 | -€4,740 | -81.1% |
| Recurring financial income | 75 | €5,847 | €1,107 | -€4,740 | -81.1% |
| Financial charges | 65/66B | €12,138 | €1,918 | -€10,220 | -84.2% |
| Recurring financial charges | 65 | €1,929 | €1,918 | -€11 | -0.6% |
| Non-recurring financial charges | 66B | €10,209 | - | -€10,209 | |
| Profit (loss) for the period before taxes | 9903 | €4,436 | €1,456 | -€2,980 | -67.2% |
| Income taxes | 67/77 | €1,151 | €406 | -€744 | -64.7% |
| Profit (loss) for the period | 9904 | €3,286 | €1,050 | -€2,236 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,286 | €1,050 | -€2,236 | -68.0% |
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 7 October 2026 via checked.be.