Added Value Projects: 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.
Added Value Projects
Largest movements
- Tangible fixed assets +€11,798
up €11,798 (+20.7%), from €56,864 to €68,662
of which Furniture and vehicles: +€12,420
- Receivables within one year -€4,484
down €4,484 (-58.9%), from €7,612 to €3,128
of which Trade receivables: -€2,776
- Deferred charges and accrued income +€1,823
up €1,823 (+171.3%), from €1,064 to €2,887
- Reserves +€18,102
up €18,102 (+76.5%), from €23,665 to €41,767
- Other debts -€10,238
down €10,238 (-26.3%), from €39,000 to €28,762
- Tax, wage and social debts +€1,573
up €1,573 (+26.3%), from €5,982 to €7,555
- Depreciation +€9,393
up €9,393 (+205.9%), from €4,563 to €13,956
- Other operating charges -€5,426
down €5,426 (-82.2%), from €6,598 to €1,172
- Gross operating margin -€5,228
down €5,228 (-12.0%), from €43,402 to €38,174
- Taxes -€1,077
down €1,077 (-18.0%), from €5,982 to €4,905
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 | €80,965 | €90,142 | +€9,177 | +11.3% |
| Fixed assets | 21/28 | €56,864 | €68,662 | +€11,798 | +20.7% |
| Tangible fixed assets | 22/27 | €56,864 | €68,662 | +€11,798 | +20.7% |
| Plant, machinery and equipment | 23 | €2,348 | €1,726 | -€622 | -26.5% |
| Furniture and vehicles | 24 | €54,516 | €66,936 | +€12,420 | +22.8% |
| Current assets | 29/58 | €24,101 | €21,480 | -€2,621 | -10.9% |
| Stocks and contracts in progress | 3 | €60 | €60 | = | 0.0% |
| Stocks | 30/36 | €60 | €60 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,612 | €3,128 | -€4,484 | -58.9% |
| Trade receivables | 40 | €5,648 | €2,872 | -€2,776 | -49.2% |
| Other amounts receivable | 41 | €1,964 | €256 | -€1,708 | -87.0% |
| Cash at bank and in hand | 54/58 | €15,365 | €15,405 | +€40 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,064 | €2,887 | +€1,823 | +171.3% |
| Total equity and liabilities | 10/49 | €80,965 | €90,142 | +€9,177 | +11.3% |
| Equity | 10/15 | €35,665 | €53,767 | +€18,102 | +50.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €23,665 | €41,767 | +€18,102 | +76.5% |
| Distributable reserves | 133 | €23,665 | €41,767 | +€18,102 | +76.5% |
| Amounts payable | 17/49 | €45,300 | €36,375 | -€8,925 | -19.7% |
| Amounts payable within one year | 42/48 | €45,300 | €36,375 | -€8,925 | -19.7% |
| Trade debts | 44 | €318 | €58 | -€260 | -81.8% |
| Suppliers | 440/4 | €318 | €58 | -€260 | -81.8% |
| Taxes, remuneration and social security | 45 | €5,982 | €7,555 | +€1,573 | +26.3% |
| Taxes | 450/3 | €5,982 | €7,555 | +€1,573 | +26.3% |
| Other amounts payable | 47/48 | €39,000 | €28,762 | -€10,238 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,563 | €13,956 | +€9,393 | +205.9% |
| Other operating charges | 640/8 | €6,598 | €1,172 | -€5,426 | -82.2% |
| Gross operating margin | 9900 | €43,402 | €38,174 | -€5,228 | -12.0% |
| Operating profit (loss) | 9901 | €32,241 | €23,046 | -€9,195 | -28.5% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €42 | €39 | -€3 | -7.1% |
| Recurring financial charges | 65 | €42 | €39 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €32,205 | €23,007 | -€9,198 | -28.6% |
| Income taxes | 67/77 | €5,982 | €4,905 | -€1,077 | -18.0% |
| Profit (loss) for the period | 9904 | €26,223 | €18,102 | -€8,121 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,223 | €18,102 | -€8,121 | -31.0% |
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.