ALL PRINT: 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 PRINT
Largest movements
- Cash -€184,600
down €184,600 (-70.5%), from €261,813 to €77,212
mainly Trade debts (-€267,990) and Debts after one year (-€56,776)
- Receivables within one year -€79,514
down €79,514 (-19.4%), from €410,630 to €331,116
of which Other amounts receivable: -€106,249
- Tangible fixed assets -€13,825
down €13,825 (-29.2%), from €47,302 to €33,477
of which Plant, machinery and equipment: -€8,703
- Trade debts -€267,990
down €267,990 (-71.3%), from €376,043 to €108,053
- Debts after one year -€56,776
down €56,776 (-26.3%), from €216,177 to €159,401
- Reserves +€52,570
up €52,570 (+44.3%), from €118,794 to €171,365
of which Distributable reserves: +€52,570
- Current portion of long-term debt -€12,609
down €12,609 (-65.0%), from €19,385 to €6,776
- Tax, wage and social debts +€11,152
up €11,152 (+16.5%), from €67,553 to €78,705
of which Taxes: +€10,210
- Gross operating margin -€23,088
down €23,088 (-6.6%), from €350,066 to €326,978
- Staff costs +€11,176
up €11,176 (+5.0%), from €222,646 to €233,823
- Taxes -€9,522
down €9,522 (-32.6%), from €29,216 to €19,694
- Depreciation -€5,471
down €5,471 (-26.0%), from €21,002 to €15,531
- Other operating charges +€4,586
up €4,586 (+397%), from €1,155 to €5,741
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 | €814,134 | €537,957 | -€276,177 | -33.9% |
| Fixed assets | 21/28 | €47,302 | €33,477 | -€13,825 | -29.2% |
| Tangible fixed assets | 22/27 | €47,302 | €33,477 | -€13,825 | -29.2% |
| Plant, machinery and equipment | 23 | €27,681 | €18,977 | -€8,703 | -31.4% |
| Furniture and vehicles | 24 | €3,757 | €2,273 | -€1,484 | -39.5% |
| Leasing and similar rights | 25 | €15,864 | €12,226 | -€3,638 | -22.9% |
| Current assets | 29/58 | €766,832 | €504,480 | -€262,352 | -34.2% |
| Stocks and contracts in progress | 3 | €94,039 | €95,801 | +€1,762 | +1.9% |
| Stocks | 30/36 | €94,039 | €95,801 | +€1,762 | +1.9% |
| Amounts receivable within one year | 40/41 | €410,630 | €331,116 | -€79,514 | -19.4% |
| Trade receivables | 40 | €295,658 | €322,393 | +€26,735 | +9.0% |
| Other amounts receivable | 41 | €114,971 | €8,723 | -€106,249 | -92.4% |
| Cash at bank and in hand | 54/58 | €261,813 | €77,212 | -€184,600 | -70.5% |
| Deferred charges and accrued income | 490/1 | €351 | €351 | = | 0.0% |
| Total equity and liabilities | 10/49 | €814,134 | €537,957 | -€276,177 | -33.9% |
| Equity | 10/15 | €119,865 | €172,435 | +€52,570 | +43.9% |
| Contributions | 10/11 | €1,071 | €1,071 | = | 0.0% |
| Reserves | 13 | €118,794 | €171,365 | +€52,570 | +44.3% |
| Tax-exempt reserves | 132 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €118,769 | €171,339 | +€52,570 | +44.3% |
| Amounts payable | 17/49 | €694,269 | €365,521 | -€328,747 | -47.4% |
| Amounts payable after more than one year | 17 | €216,177 | €159,401 | -€56,776 | -26.3% |
| Financial debts | 170/4 | €216,177 | €159,401 | -€56,776 | -26.3% |
| Amounts payable within one year | 42/48 | €476,592 | €204,620 | -€271,972 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €19,385 | €6,776 | -€12,609 | -65.0% |
| Financial debts | 43 | €7,582 | €5,056 | -€2,525 | -33.3% |
| Credit institutions | 430/8 | €7,582 | €5,056 | -€2,525 | -33.3% |
| Trade debts | 44 | €376,043 | €108,053 | -€267,990 | -71.3% |
| Suppliers | 440/4 | €376,043 | €108,053 | -€267,990 | -71.3% |
| Taxes, remuneration and social security | 45 | €67,553 | €78,705 | +€11,152 | +16.5% |
| Taxes | 450/3 | €33,864 | €44,073 | +€10,210 | +30.1% |
| Remuneration and social security | 454/9 | €33,689 | €34,632 | +€942 | +2.8% |
| Other amounts payable | 47/48 | €6,029 | €6,030 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,612 | +€15,612 | |
| Remuneration, social security and pensions | 62 | €222,646 | €233,823 | +€11,176 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,002 | €15,531 | -€5,471 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,399 | - | +€1,399 | |
| Other operating charges | 640/8 | €1,155 | €5,741 | +€4,586 | +397% |
| Non-recurring operating charges | 66A | €151 | - | -€151 | |
| Gross operating margin | 9900 | €350,066 | €326,978 | -€23,088 | -6.6% |
| Operating profit (loss) | 9901 | €106,510 | €71,883 | -€34,627 | -32.5% |
| Financial income | 75/76B | €6,077 | €4,170 | -€1,907 | -31.4% |
| Recurring financial income | 75 | €6,077 | €4,170 | -€1,907 | -31.4% |
| Financial charges | 65/66B | €2,156 | €3,789 | +€1,633 | +75.7% |
| Recurring financial charges | 65 | €2,156 | €3,789 | +€1,633 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €110,431 | €72,264 | -€38,167 | -34.6% |
| Income taxes | 67/77 | €29,216 | €19,694 | -€9,522 | -32.6% |
| Profit (loss) for the period | 9904 | €81,215 | €52,570 | -€28,644 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,215 | €52,570 | -€28,644 | -35.3% |
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 22 October 2026 via checked.be.