AFTER THIS: 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.
AFTER THIS
Largest movements
- Stocks and contracts -€190,245
down €190,245 (-14.8%), from €1.3m to €1.1m
- Cash +€16,658
up €16,658 (+3536.7%), from €471 to €17,129
mainly Stocks and contracts (+€190,245) and Net result for the year (+€10,872)
- Other debts -€178,824
down €178,824 (-13.0%), from €1.4m to €1.2m
- Gross operating margin +€38,216
up €38,216, from -€20,904 to €17,312
- Other operating charges -€940
down €940 (-17.5%), from €5,385 to €4,445
- Staff costs -€504
no longer reported in 2025 (was €504)
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 | €1,293,067 | €1,119,091 | -€173,976 | -13.5% |
| Fixed assets | 21/28 | €3,354 | €4,603 | +€1,249 | +37.2% |
| Tangible fixed assets | 22/27 | €2,187 | €1,215 | -€972 | -44.4% |
| Furniture and vehicles | 24 | €2,187 | €1,215 | -€972 | -44.4% |
| Financial fixed assets | 28 | €1,167 | €3,388 | +€2,221 | +190.3% |
| Current assets | 29/58 | €1,289,713 | €1,114,488 | -€175,225 | -13.6% |
| Stocks and contracts in progress | 3 | €1,284,717 | €1,094,472 | -€190,245 | -14.8% |
| Stocks | 30/36 | €1,284,717 | €1,094,472 | -€190,245 | -14.8% |
| Amounts receivable within one year | 40/41 | €2,038 | €400 | -€1,638 | -80.4% |
| Trade receivables | 40 | - | €400 | +€400 | |
| Other amounts receivable | 41 | €2,038 | - | -€2,038 | |
| Cash at bank and in hand | 54/58 | €471 | €17,129 | +€16,658 | +3536.7% |
| Deferred charges and accrued income | 490/1 | €2,487 | €2,487 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,293,067 | €1,119,091 | -€173,976 | -13.5% |
| Equity | 10/15 | -€90,320 | -€79,448 | +€10,872 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,720 | -€91,848 | +€10,872 | +10.6% |
| Amounts payable | 17/49 | €1,383,387 | €1,198,539 | -€184,848 | -13.4% |
| Amounts payable within one year | 42/48 | €1,383,387 | €1,198,539 | -€184,848 | -13.4% |
| Trade debts | 44 | €3,778 | €1,135 | -€2,643 | -70.0% |
| Suppliers | 440/4 | €3,778 | €1,135 | -€2,643 | -70.0% |
| Taxes, remuneration and social security | 45 | €3,381 | - | -€3,381 | |
| Taxes | 450/3 | €3,381 | - | -€3,381 | |
| Other amounts payable | 47/48 | €1,376,228 | €1,197,404 | -€178,824 | -13.0% |
| Remuneration, social security and pensions | 62 | €504 | - | -€504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €972 | = | 0.0% |
| Other operating charges | 640/8 | €5,385 | €4,445 | -€940 | -17.5% |
| Gross operating margin | 9900 | -€20,904 | €17,312 | +€38,216 | |
| Operating profit (loss) | 9901 | -€27,765 | €11,895 | +€39,660 | |
| Financial charges | 65/66B | €1,186 | €1,023 | -€163 | -13.7% |
| Recurring financial charges | 65 | €1,186 | €1,023 | -€163 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,951 | €10,872 | +€39,823 | |
| Profit (loss) for the period | 9904 | -€28,951 | €10,872 | +€39,823 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,951 | €10,872 | +€39,823 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.