ADMIN: 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.
ADMIN
Largest movements
- Cash +€86,981
up €86,981 (+74.1%), from €117,363 to €204,344
mainly Net result for the year (+€120,247) and Other debts (+€45,000)
- Profit (loss) carried forward +€60,247
up €60,247 (+29.5%), from €203,990 to €264,238
- Other debts +€45,000
up €45,000 (+73.6%), from €61,114 to €106,114
- Tax, wage and social debts -€23,807
down €23,807 (-44.8%), from €53,140 to €29,333
of which Remuneration and social security: -€15,874
- Trade debts +€9,891
up €9,891 (+258.8%), from €3,821 to €13,712
of which Bills of exchange payable: +€13,712
- Turnover -€360,808
no longer reported in 2025 (was €360,808)
- Purchases and services -€165,584
no longer reported in 2025 (was €165,584)
- Gross operating margin -€40,006
down €40,006 (-20.5%), from €195,224 to €155,218
- Staff costs -€23,511
no longer reported in 2025 (was €23,511)
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 | €447,375 | €534,857 | +€87,482 | +19.6% |
| Fixed assets | 21/28 | €232,737 | €237,539 | +€4,802 | +2.1% |
| Tangible fixed assets | 22/27 | €229,218 | €234,020 | +€4,802 | +2.1% |
| Land and buildings | 22 | €214,506 | €208,556 | -€5,950 | -2.8% |
| Plant, machinery and equipment | 23 | €11,012 | €13,783 | +€2,771 | +25.2% |
| Furniture and vehicles | 24 | €3,700 | €11,681 | +€7,981 | +215.7% |
| Financial fixed assets | 28 | €3,519 | €3,519 | = | 0.0% |
| Current assets | 29/58 | €214,638 | €297,318 | +€82,680 | +38.5% |
| Amounts receivable within one year | 40/41 | €97,275 | €92,974 | -€4,301 | -4.4% |
| Trade receivables | 40 | €72,047 | €92,974 | +€20,928 | +29.0% |
| Other amounts receivable | 41 | €25,228 | - | -€25,228 | |
| Cash at bank and in hand | 54/58 | €117,363 | €204,344 | +€86,981 | +74.1% |
| Total equity and liabilities | 10/49 | €447,375 | €534,857 | +€87,482 | +19.6% |
| Equity | 10/15 | €257,622 | €317,870 | +€60,247 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,032 | €35,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,172 | €33,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,990 | €264,238 | +€60,247 | +29.5% |
| Provisions and deferred taxes | 16 | €11,057 | €11,057 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | - | €11,057 | +€11,057 | |
| Pensions and similar obligations | 160 | - | €11,057 | +€11,057 | |
| Deferred taxes | 168 | €11,057 | - | -€11,057 | |
| Amounts payable | 17/49 | €178,695 | €205,930 | +€27,235 | +15.2% |
| Amounts payable after more than one year | 17 | €56,617 | €52,498 | -€4,119 | -7.3% |
| Financial debts | 170/4 | €56,617 | €52,498 | -€4,119 | -7.3% |
| Amounts payable within one year | 42/48 | €122,078 | €153,432 | +€31,354 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €4,003 | €4,099 | +€96 | +2.4% |
| Financial debts | 43 | - | €174 | +€174 | |
| Credit institutions | 430/8 | - | €174 | +€174 | |
| Trade debts | 44 | €3,821 | €13,712 | +€9,891 | +258.8% |
| Suppliers | 440/4 | €3,821 | - | -€3,821 | |
| Bills of exchange payable | 441 | - | €13,712 | +€13,712 | |
| Taxes, remuneration and social security | 45 | €53,140 | €29,333 | -€23,807 | -44.8% |
| Taxes | 450/3 | €25,352 | €17,420 | -€7,932 | -31.3% |
| Remuneration and social security | 454/9 | €27,788 | €11,913 | -€15,874 | -57.1% |
| Other amounts payable | 47/48 | €61,114 | €106,114 | +€45,000 | +73.6% |
| Turnover | 70 | €360,808 | - | -€360,808 | |
| Goods, raw materials, services and sundry goods | 60/61 | €165,584 | - | -€165,584 | |
| Remuneration, social security and pensions | 62 | €23,511 | - | -€23,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,190 | €10,111 | +€1,921 | +23.5% |
| Other operating charges | 640/8 | €1,548 | €483 | -€1,065 | -68.8% |
| Gross operating margin | 9900 | €195,224 | €155,218 | -€40,006 | -20.5% |
| Operating profit (loss) | 9901 | €161,976 | €144,625 | -€17,351 | -10.7% |
| Financial charges | 65/66B | €2,075 | €3,027 | +€952 | +45.9% |
| Recurring financial charges | 65 | €2,075 | €3,027 | +€952 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €159,901 | €141,597 | -€18,304 | -11.4% |
| Income taxes | 67/77 | €23,402 | €21,350 | -€2,052 | -8.8% |
| Profit (loss) for the period | 9904 | €136,499 | €120,247 | -€16,251 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,499 | €120,247 | -€16,251 | -11.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.