ALL - MATERIALS: what changed
Two fiscal 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 - MATERIALS
Largest movements
- Cash -€9,541
down €9,541 (-14.8%), from €64,406 to €54,866
mainly Investment in fixed assets (net) (-€5,492) and Receivables within one year (-€4,980)
- Tangible fixed assets +€5,114
up €5,114 (+1231.6%), from €415 to €5,530
of which Furniture and vehicles: +€5,114
- Receivables within one year +€4,980
up €4,980 (+71.7%), from €6,942 to €11,921
of which Other amounts receivable: +€4,980
- Deferred charges and accrued income +€4,149
up €4,149 (+632.4%), from €656 to €4,805
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,881
up €2,881 (+113.0%), from €2,550 to €5,432
- Taxes +€790
up €790 (+157.9%), from €500 to €1,290
- Other operating charges +€550
up €550 (+89.8%), from €613 to €1,163
- Financial charges +€336
up €336 (+145.8%), from €231 to €567
- Financial income +€244
up €244 (+154.6%), from €158 to €401
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 | €256,861 | €261,564 | +€4,703 | +1.8% |
| Fixed assets | 21/28 | €184,857 | €189,972 | +€5,114 | +2.8% |
| Tangible fixed assets | 22/27 | €415 | €5,530 | +€5,114 | +1231.6% |
| Plant, machinery and equipment | 23 | €415 | €415 | = | 0.0% |
| Furniture and vehicles | 24 | - | €5,114 | +€5,114 | |
| Financial fixed assets | 28 | €184,442 | €184,442 | = | 0.0% |
| Current assets | 29/58 | €72,004 | €71,592 | -€412 | -0.6% |
| Amounts receivable within one year | 40/41 | €6,942 | €11,921 | +€4,980 | +71.7% |
| Trade receivables | 40 | €1,449 | €1,449 | = | 0.0% |
| Other amounts receivable | 41 | €5,493 | €10,472 | +€4,980 | +90.7% |
| Cash at bank and in hand | 54/58 | €64,406 | €54,866 | -€9,541 | -14.8% |
| Deferred charges and accrued income | 490/1 | €656 | €4,805 | +€4,149 | +632.4% |
| Total equity and liabilities | 10/49 | €256,861 | €261,564 | +€4,703 | +1.8% |
| Equity | 10/15 | €253,151 | €255,587 | +€2,435 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,860 | €201,860 | = | 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% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,691 | €35,127 | +€2,435 | +7.4% |
| Amounts payable | 17/49 | €3,710 | €5,977 | +€2,267 | +61.1% |
| Amounts payable within one year | 42/48 | €3,710 | €5,791 | +€2,081 | +56.1% |
| Trade debts | 44 | €1,942 | €3,298 | +€1,356 | +69.8% |
| Suppliers | 440/4 | €1,942 | €3,298 | +€1,356 | +69.8% |
| Taxes, remuneration and social security | 45 | €1,768 | €2,493 | +€724 | +41.0% |
| Taxes | 450/3 | €1,768 | €2,493 | +€724 | +41.0% |
| Accrued charges and deferred income | 492/3 | - | €187 | +€187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €377 | +€30 | +8.8% |
| Other operating charges | 640/8 | €613 | €1,163 | +€550 | +89.8% |
| Gross operating margin | 9900 | €2,550 | €5,432 | +€2,881 | +113.0% |
| Operating profit (loss) | 9901 | €1,591 | €3,891 | +€2,301 | +144.6% |
| Financial income | 75/76B | €158 | €401 | +€244 | +154.6% |
| Recurring financial income | 75 | €158 | €401 | +€244 | +154.6% |
| Financial charges | 65/66B | €231 | €567 | +€336 | +145.8% |
| Recurring financial charges | 65 | €231 | €567 | +€336 | +145.8% |
| Profit (loss) for the period before taxes | 9903 | €1,517 | €3,725 | +€2,208 | +145.5% |
| Income taxes | 67/77 | €500 | €1,290 | +€790 | +157.9% |
| Profit (loss) for the period | 9904 | €1,017 | €2,435 | +€1,418 | +139.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,017 | €2,435 | +€1,418 | +139.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.