ALL FOR NET: 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 FOR NET
Largest movements
- Receivables within one year -€93,422
down €93,422 (-39.4%), from €236,989 to €143,567
of which Trade receivables: -€100,522
- Cash -€42,014
down €42,014 (-48.2%), from €87,184 to €45,170
mainly Tax, wage and social debts (-€71,139) and Other debts (-€64,517)
- Deferred charges and accrued income +€22,879
up €22,879 (+246%), from €9,296 to €32,175
- Stocks and contracts -€14,124
down €14,124 (-48.5%), from €29,098 to €14,974
- Tax, wage and social debts -€71,139
down €71,139 (-80.3%), from €88,562 to €17,423
of which Taxes: -€62,636
- Other debts -€64,517
no longer reported in 2025 (was €64,517)
- Reserves +€35,802
up €35,802 (+92.7%), from €38,629 to €74,430
of which Distributable reserves: +€40,917
- Debts after one year -€22,076
down €22,076 (-11.4%), from €193,428 to €171,352
- Accrued charges and deferred income -€10,903
down €10,903 (-66.0%), from €16,512 to €5,609
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€783,505
no longer reported in 2025 (was €783,505)
- Gross operating margin -€125,607
down €125,607 (-35.7%), from €351,432 to €225,825
- Staff costs -€54,173
down €54,173 (-30.1%), from €179,750 to €125,577
- Taxes -€12,893
down €12,893 (-38.4%), from €33,574 to €20,681
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.
Derived cash bridge
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 | €613,805 | €489,325 | -€124,480 | -20.3% |
| Fixed assets | 21/28 | €251,237 | €253,439 | +€2,201 | +0.9% |
| Tangible fixed assets | 22/27 | €247,142 | €249,344 | +€2,201 | +0.9% |
| Land and buildings | 22 | €219,844 | €208,381 | -€11,463 | -5.2% |
| Plant, machinery and equipment | 23 | €782 | €531 | -€250 | -32.0% |
| Furniture and vehicles | 24 | €26,517 | €40,431 | +€13,914 | +52.5% |
| Financial fixed assets | 28 | €4,095 | €4,095 | = | 0.0% |
| Current assets | 29/58 | €362,567 | €235,887 | -€126,681 | -34.9% |
| Stocks and contracts in progress | 3 | €29,098 | €14,974 | -€14,124 | -48.5% |
| Stocks | 30/36 | €29,098 | €14,974 | -€14,124 | -48.5% |
| Amounts receivable within one year | 40/41 | €236,989 | €143,567 | -€93,422 | -39.4% |
| Trade receivables | 40 | €236,648 | €136,127 | -€100,522 | -42.5% |
| Other amounts receivable | 41 | €341 | €7,441 | +€7,100 | +2,084% |
| Cash at bank and in hand | 54/58 | €87,184 | €45,170 | -€42,014 | -48.2% |
| Deferred charges and accrued income | 490/1 | €9,296 | €32,175 | +€22,879 | +246% |
| Total equity and liabilities | 10/49 | €613,805 | €489,325 | -€124,480 | -20.3% |
| Equity | 10/15 | €179,050 | €214,851 | +€35,802 | +20.0% |
| Reserves | 13 | €38,629 | €74,430 | +€35,802 | +92.7% |
| Non-distributable reserves | 130/1 | €5,115 | - | -€5,115 | |
| Reserves not available under the articles | 1311 | €5,115 | - | -€5,115 | |
| Tax-exempt reserves | 132 | €32,614 | €32,614 | = | 0.0% |
| Distributable reserves | 133 | €900 | €41,817 | +€40,917 | +4,546% |
| Profit (loss) carried forward | 14 | €140,421 | €140,421 | = | 0.0% |
| Amounts payable | 17/49 | €434,755 | €274,474 | -€160,281 | -36.9% |
| Amounts payable after more than one year | 17 | €193,428 | €171,352 | -€22,076 | -11.4% |
| Financial debts | 170/4 | €193,428 | €171,352 | -€22,076 | -11.4% |
| Amounts payable within one year | 42/48 | €224,815 | €97,513 | -€127,302 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €21,337 | €22,076 | +€738 | +3.5% |
| Trade debts | 44 | €50,399 | €58,015 | +€7,616 | +15.1% |
| Suppliers | 440/4 | €50,399 | €58,015 | +€7,616 | +15.1% |
| Taxes, remuneration and social security | 45 | €88,562 | €17,423 | -€71,139 | -80.3% |
| Taxes | 450/3 | €73,458 | €10,822 | -€62,636 | -85.3% |
| Remuneration and social security | 454/9 | €15,103 | €6,600 | -€8,503 | -56.3% |
| Other amounts payable | 47/48 | €64,517 | - | -€64,517 | |
| Accrued charges and deferred income | 492/3 | €16,512 | €5,609 | -€10,903 | -66.0% |
| Turnover | 70 | €1,125,278 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €783,505 | - | -€783,505 | |
| Remuneration, social security and pensions | 62 | €179,750 | €125,577 | -€54,173 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,595 | €30,198 | +€3,603 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,707 | +€2,707 | |
| Other operating charges | 640/8 | €1,732 | €4,158 | +€2,426 | +140% |
| Gross operating margin | 9900 | €351,432 | €225,825 | -€125,607 | -35.7% |
| Operating profit (loss) | 9901 | €143,354 | €63,185 | -€80,169 | -55.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,549 | €6,702 | -€846 | -11.2% |
| Recurring financial charges | 65 | €7,549 | €6,702 | -€846 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €135,805 | €56,483 | -€79,322 | -58.4% |
| Income taxes | 67/77 | €33,574 | €20,681 | -€12,893 | -38.4% |
| Profit (loss) for the period | 9904 | €102,231 | €35,802 | -€66,429 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,231 | €35,802 | -€66,429 | -65.0% |
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 16 October 2026 via checked.be.