Aptitudes: 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.
Aptitudes
Largest movements
- Receivables within one year +€94,058
up €94,058 (+169.5%), from €55,507 to €149,565
of which Trade receivables: +€86,959
- Receivables after one year -€35,000
no longer reported in 2025 (was €35,000)
- Cash -€12,486
down €12,486 (-6.0%), from €207,030 to €194,544
mainly Contributions, distributions and other (-€203,517) and Receivables within one year (-€94,058)
- Other debts +€68,124
up €68,124 (+50.4%), from €135,066 to €203,190
- Trade debts -€23,206
down €23,206 (-95.8%), from €24,219 to €1,013
- Advances received +€21,780
new in 2025: €21,780
- Tax, wage and social debts -€17,377
down €17,377 (-31.0%), from €56,029 to €38,652
- Gross operating margin +€261,613
up €261,613 (+134.8%), from €194,075 to €455,687
- Write-downs +€169,060
new in 2025: €169,060
- Taxes +€29,959
up €29,959 (+67.9%), from €44,093 to €74,052
- Provisions -€11,552
no longer reported in 2025 (was €11,552)
- Depreciation +€7,187
up €7,187 (+507.2%), from €1,417 to €8,604
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 | €330,750 | €379,687 | +€48,937 | +14.8% |
| Fixed assets | 21/28 | €31,895 | €34,001 | +€2,106 | +6.6% |
| Tangible fixed assets | 22/27 | €31,895 | €34,001 | +€2,106 | +6.6% |
| Land and buildings | 22 | - | €3,774 | +€3,774 | |
| Plant, machinery and equipment | 23 | €1,391 | €3,590 | +€2,200 | +158.2% |
| Furniture and vehicles | 24 | €30,504 | €26,636 | -€3,868 | -12.7% |
| Current assets | 29/58 | €298,855 | €345,687 | +€46,831 | +15.7% |
| Amounts receivable after more than one year | 29 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €55,507 | €149,565 | +€94,058 | +169.5% |
| Trade receivables | 40 | €55,507 | €142,466 | +€86,959 | +156.7% |
| Other amounts receivable | 41 | - | €7,099 | +€7,099 | |
| Cash at bank and in hand | 54/58 | €207,030 | €194,544 | -€12,486 | -6.0% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,577 | +€259 | +19.7% |
| Total equity and liabilities | 10/49 | €330,750 | €379,687 | +€48,937 | +14.8% |
| Equity | 10/15 | €103,500 | €103,500 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €102,500 | €102,500 | = | 0.0% |
| Distributable reserves | 133 | €102,500 | €102,500 | = | 0.0% |
| Provisions and deferred taxes | 16 | €11,552 | €11,552 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,552 | €11,552 | = | 0.0% |
| Other liabilities and charges | 164/5 | €11,552 | €11,552 | = | 0.0% |
| Amounts payable | 17/49 | €215,698 | €264,635 | +€48,937 | +22.7% |
| Amounts payable within one year | 42/48 | €215,314 | €264,635 | +€49,321 | +22.9% |
| Trade debts | 44 | €24,219 | €1,013 | -€23,206 | -95.8% |
| Suppliers | 440/4 | €24,219 | €1,013 | -€23,206 | -95.8% |
| Advances received on contracts in progress | 46 | - | €21,780 | +€21,780 | |
| Taxes, remuneration and social security | 45 | €56,029 | €38,652 | -€17,377 | -31.0% |
| Taxes | 450/3 | €56,029 | €38,652 | -€17,377 | -31.0% |
| Other amounts payable | 47/48 | €135,066 | €203,190 | +€68,124 | +50.4% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €8,604 | +€7,187 | +507.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €169,060 | +€169,060 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,552 | - | -€11,552 | |
| Other operating charges | 640/8 | €646 | €1,216 | +€570 | +88.2% |
| Gross operating margin | 9900 | €194,075 | €455,687 | +€261,613 | +134.8% |
| Operating profit (loss) | 9901 | €180,460 | €276,808 | +€96,348 | +53.4% |
| Financial income | 75/76B | - | €840 | +€840 | |
| Recurring financial income | 75 | - | €840 | +€840 | |
| Financial charges | 65/66B | €65 | €79 | +€14 | +22.2% |
| Recurring financial charges | 65 | €65 | €79 | +€14 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €180,395 | €277,569 | +€97,174 | +53.9% |
| Income taxes | 67/77 | €44,093 | €74,052 | +€29,959 | +67.9% |
| Profit (loss) for the period | 9904 | €136,302 | €203,517 | +€67,215 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,302 | €203,517 | +€67,215 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.