Administratio: 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.
Administratio
Largest movements
- Receivables within one year +€82,021
up €82,021 (+81.2%), from €101,051 to €183,072
of which Other amounts receivable: +€80,081
- Cash -€7,234
down €7,234 (-62.1%), from €11,656 to €4,422
mainly Receivables within one year (-€82,021) and Advances received (-€1,112)
- Reserves +€73,832
up €73,832 (+101.9%), from €72,465 to €146,297
- Gross operating margin +€16,530
up €16,530 (+23.2%), from €71,352 to €87,883
- Financial income +€5,594
up €5,594 (+191.6%), from €2,920 to €8,514
- Taxes +€3,734
up €3,734 (+22.0%), from €16,992 to €20,726
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 | €118,977 | €193,062 | +€74,085 | +62.3% |
| Fixed assets | 21/28 | €2,778 | €2,002 | -€777 | -28.0% |
| Tangible fixed assets | 22/27 | €2,778 | €2,002 | -€777 | -28.0% |
| Furniture and vehicles | 24 | €2,778 | €2,002 | -€777 | -28.0% |
| Current assets | 29/58 | €116,198 | €191,061 | +€74,862 | +64.4% |
| Amounts receivable within one year | 40/41 | €101,051 | €183,072 | +€82,021 | +81.2% |
| Trade receivables | 40 | €2,520 | €4,460 | +€1,940 | +77.0% |
| Other amounts receivable | 41 | €98,531 | €178,612 | +€80,081 | +81.3% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,656 | €4,422 | -€7,234 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,566 | +€74 | +5.0% |
| Total equity and liabilities | 10/49 | €118,977 | €193,062 | +€74,085 | +62.3% |
| Equity | 10/15 | €74,465 | €148,297 | +€73,832 | +99.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €72,465 | €146,297 | +€73,832 | +101.9% |
| Distributable reserves | 133 | €72,465 | €146,297 | +€73,832 | +101.9% |
| Amounts payable | 17/49 | €44,512 | €44,765 | +€253 | +0.6% |
| Amounts payable within one year | 42/48 | €44,512 | €44,765 | +€253 | +0.6% |
| Trade debts | 44 | €2,751 | €3,335 | +€583 | +21.2% |
| Suppliers | 440/4 | €2,751 | €3,335 | +€583 | +21.2% |
| Advances received on contracts in progress | 46 | €3,049 | €1,938 | -€1,112 | -36.5% |
| Taxes, remuneration and social security | 45 | €38,711 | €39,493 | +€782 | +2.0% |
| Taxes | 450/3 | €38,711 | €39,493 | +€782 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €777 | +€464 | +148.6% |
| Other operating charges | 640/8 | €304 | €521 | +€217 | +71.5% |
| Gross operating margin | 9900 | €71,352 | €87,883 | +€16,530 | +23.2% |
| Operating profit (loss) | 9901 | €70,736 | €86,585 | +€15,849 | +22.4% |
| Financial income | 75/76B | €2,920 | €8,514 | +€5,594 | +191.6% |
| Recurring financial income | 75 | €2,920 | €8,514 | +€5,594 | +191.6% |
| Financial charges | 65/66B | €694 | €541 | -€153 | -22.1% |
| Recurring financial charges | 65 | €694 | €541 | -€153 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €72,962 | €94,558 | +€21,596 | +29.6% |
| Income taxes | 67/77 | €16,992 | €20,726 | +€3,734 | +22.0% |
| Profit (loss) for the period | 9904 | €55,969 | €73,832 | +€17,863 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,969 | €73,832 | +€17,863 | +31.9% |
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 9 October 2026 via checked.be.