all about C: 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.
all about C
Largest movements
- Cash +€318,556
up €318,556 (+927.6%), from €34,343 to €352,899
mainly Trade debts (+€177,006) and Other debts (+€85,916)
- Current investments -€44,034
no longer reported in 2025 (was €44,034)
- Receivables within one year -€14,028
down €14,028 (-18.3%), from €76,859 to €62,831
of which Trade receivables: -€11,673
- Tangible fixed assets -€8,199
down €8,199 (-44.0%), from €18,639 to €10,440
- Trade debts +€177,006
up €177,006 (+482.9%), from €36,656 to €213,662
- Other debts +€85,916
up €85,916 (+1580.5%), from €5,436 to €91,352
- Reserves -€35,208
down €35,208 (-36.8%), from €95,719 to €60,511
- Tax, wage and social debts +€25,773
up €25,773 (+71.9%), from €35,869 to €61,642
- Gross operating margin +€22,019
up €22,019 (+32.3%), from €68,078 to €90,097
- Taxes +€3,435
up €3,435 (+23.1%), from €14,879 to €18,315
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 | €175,800 | €428,167 | +€252,367 | +143.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €18,639 | €10,440 | -€8,199 | -44.0% |
| Tangible fixed assets | 22/27 | €18,639 | €10,440 | -€8,199 | -44.0% |
| Furniture and vehicles | 24 | €18,639 | €10,440 | -€8,199 | -44.0% |
| Current assets | 29/58 | €157,161 | €417,727 | +€260,566 | +165.8% |
| Amounts receivable within one year | 40/41 | €76,859 | €62,831 | -€14,028 | -18.3% |
| Trade receivables | 40 | €73,743 | €62,069 | -€11,673 | -15.8% |
| Other amounts receivable | 41 | €3,116 | €761 | -€2,355 | -75.6% |
| Current investments | 50/53 | €44,034 | - | -€44,034 | |
| Cash at bank and in hand | 54/58 | €34,343 | €352,899 | +€318,556 | +927.6% |
| Deferred charges and accrued income | 490/1 | €1,925 | €1,998 | +€72 | +3.8% |
| Total equity and liabilities | 10/49 | €175,800 | €428,167 | +€252,367 | +143.6% |
| Equity | 10/15 | €96,719 | €61,511 | -€35,208 | -36.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €95,719 | €60,511 | -€35,208 | -36.8% |
| Distributable reserves | 133 | €95,719 | €60,511 | -€35,208 | -36.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €79,081 | €366,656 | +€287,575 | +363.6% |
| Amounts payable within one year | 42/48 | €79,081 | €366,656 | +€287,575 | +363.6% |
| Financial debts | 43 | €1,120 | - | -€1,120 | |
| Credit institutions | 430/8 | €1,120 | - | -€1,120 | |
| Trade debts | 44 | €36,656 | €213,662 | +€177,006 | +482.9% |
| Suppliers | 440/4 | €36,656 | €213,662 | +€177,006 | +482.9% |
| Taxes, remuneration and social security | 45 | €35,869 | €61,642 | +€25,773 | +71.9% |
| Taxes | 450/3 | €35,869 | €61,642 | +€25,773 | +71.9% |
| Other amounts payable | 47/48 | €5,436 | €91,352 | +€85,916 | +1580.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,533 | €8,199 | -€333 | -3.9% |
| Other operating charges | 640/8 | €1,393 | €894 | -€499 | -35.8% |
| Gross operating margin | 9900 | €68,078 | €90,097 | +€22,019 | +32.3% |
| Operating profit (loss) | 9901 | €58,153 | €81,004 | +€22,852 | +39.3% |
| Financial income | 75/76B | €95 | €294 | +€200 | +210.4% |
| Recurring financial income | 75 | €95 | €294 | +€200 | +210.4% |
| Financial charges | 65/66B | €1,820 | €1,526 | -€294 | -16.2% |
| Recurring financial charges | 65 | €1,820 | €1,526 | -€294 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €56,428 | €79,773 | +€23,345 | +41.4% |
| Income taxes | 67/77 | €14,879 | €18,315 | +€3,435 | +23.1% |
| Profit (loss) for the period | 9904 | €41,548 | €61,458 | +€19,910 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,548 | €61,458 | +€19,910 | +47.9% |
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 9 October 2026 via checked.be.