art.22: 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.
art.22
Largest movements
- Stocks and contracts -€4,500
down €4,500 (-10.7%), from €42,250 to €37,750
- Receivables within one year +€2,568
up €2,568 (+387%), from €663 to €3,231
of which Trade receivables: +€2,576
- Profit (loss) carried forward +€1,386
up €1,386 (+7.8%), from -€17,736 to -€16,350
- Other debts -€1,059
down €1,059 (-4.1%), from €25,821 to €24,763
- Tax, wage and social debts -€924
down €924 (-59.6%), from €1,551 to €627
- Current portion of long-term debt -€891
no longer reported in 2025 (was €891)
- Other operating charges +€1,266
new in 2025: €1,266
- Gross operating margin +€1,193
up €1,193 (+31.1%), from €3,840 to €5,033
- Depreciation -€467
down €467 (-95.4%), from €490 to €23
- Taxes +€62
up €62 (+31.1%), from €199 to €261
- Financial charges +€55
up €55 (+2.7%), from €2,042 to €2,098
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 | €43,209 | €41,228 | -€1,981 | -4.6% |
| Fixed assets | 21/28 | - | €246 | +€246 | |
| Tangible fixed assets | 22/27 | - | €246 | +€246 | |
| Furniture and vehicles | 24 | - | €246 | +€246 | |
| Current assets | 29/58 | €43,209 | €40,982 | -€2,227 | -5.2% |
| Stocks and contracts in progress | 3 | €42,250 | €37,750 | -€4,500 | -10.7% |
| Stocks | 30/36 | €42,250 | €37,750 | -€4,500 | -10.7% |
| Amounts receivable within one year | 40/41 | €663 | €3,231 | +€2,568 | +387% |
| Trade receivables | 40 | €565 | €3,142 | +€2,576 | +456% |
| Other amounts receivable | 41 | €98 | €89 | -€9 | -9.0% |
| Cash at bank and in hand | 54/58 | €295 | €1 | -€295 | -99.7% |
| Total equity and liabilities | 10/49 | €43,209 | €41,228 | -€1,981 | -4.6% |
| Equity | 10/15 | €2,724 | €4,110 | +€1,386 | +50.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,736 | -€16,350 | +€1,386 | +7.8% |
| Amounts payable | 17/49 | €40,485 | €37,117 | -€3,367 | -8.3% |
| Amounts payable within one year | 42/48 | €40,485 | €37,117 | -€3,367 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €891 | - | -€891 | |
| Financial debts | 43 | €9,534 | €9,288 | -€245 | -2.6% |
| Credit institutions | 430/8 | €9,534 | €9,288 | -€245 | -2.6% |
| Trade debts | 44 | €2,688 | €2,439 | -€249 | -9.3% |
| Suppliers | 440/4 | €2,688 | €2,439 | -€249 | -9.3% |
| Taxes, remuneration and social security | 45 | €1,551 | €627 | -€924 | -59.6% |
| Taxes | 450/3 | €1,551 | €627 | -€924 | -59.6% |
| Other amounts payable | 47/48 | €25,821 | €24,763 | -€1,059 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €23 | -€467 | -95.4% |
| Other operating charges | 640/8 | - | €1,266 | +€1,266 | |
| Gross operating margin | 9900 | €3,840 | €5,033 | +€1,193 | +31.1% |
| Operating profit (loss) | 9901 | €3,350 | €3,745 | +€394 | +11.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,042 | €2,098 | +€55 | +2.7% |
| Recurring financial charges | 65 | €2,042 | €2,098 | +€55 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,311 | €1,647 | +€336 | +25.6% |
| Income taxes | 67/77 | €199 | €261 | +€62 | +31.1% |
| Profit (loss) for the period | 9904 | €1,112 | €1,386 | +€274 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,112 | €1,386 | +€274 | +24.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.