ARTICLE XXII: 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.
ARTICLE XXII
Largest movements
- Receivables within one year +€30,670
up €30,670 (+5,223%), from €587 to €31,257
of which Other amounts receivable: +€18,570
- Current investments -€15,863
down €15,863 (-35.0%), from €45,269 to €29,407
- Financial fixed assets +€1,250
new in 2025: €1,250
- Profit (loss) carried forward +€17,617
new in 2025: €17,617
- Tax, wage and social debts -€1,909
down €1,909 (-11.3%), from €16,913 to €15,005
of which Taxes: -€4,667
- Gross operating margin -€12,030
down €12,030 (-33.1%), from €36,366 to €24,336
- Taxes -€3,924
down €3,924 (-37.7%), from €10,413 to €6,488
- Financial income +€406
up €406 (+2,161%), from €19 to €424
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,048 | €62,024 | +€15,976 | +34.7% |
| Fixed assets | 21/28 | €192 | €1,361 | +€1,169 | +610% |
| Tangible fixed assets | 22/27 | €192 | €111 | -€81 | -42.2% |
| Plant, machinery and equipment | 23 | €192 | €111 | -€81 | -42.2% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €45,857 | €60,664 | +€14,807 | +32.3% |
| Amounts receivable within one year | 40/41 | €587 | €31,257 | +€30,670 | +5,223% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €587 | €19,157 | +€18,570 | +3,162% |
| Current investments | 50/53 | €45,269 | €29,407 | -€15,863 | -35.0% |
| Total equity and liabilities | 10/49 | €46,048 | €62,024 | +€15,976 | +34.7% |
| Equity | 10/15 | €27,420 | €45,037 | +€17,617 | +64.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,420 | €25,420 | = | 0.0% |
| Distributable reserves | 133 | €25,420 | €25,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €17,617 | +€17,617 | |
| Amounts payable | 17/49 | €18,628 | €16,987 | -€1,641 | -8.8% |
| Amounts payable within one year | 42/48 | €18,628 | €16,987 | -€1,641 | -8.8% |
| Trade debts | 44 | €1,715 | €1,982 | +€267 | +15.6% |
| Suppliers | 440/4 | €1,715 | €1,982 | +€267 | +15.6% |
| Taxes, remuneration and social security | 45 | €16,913 | €15,005 | -€1,909 | -11.3% |
| Taxes | 450/3 | €16,913 | €12,246 | -€4,667 | -27.6% |
| Remuneration and social security | 454/9 | - | €2,759 | +€2,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €81 | +€30 | +58.7% |
| Other operating charges | 640/8 | €484 | €507 | +€23 | +4.7% |
| Gross operating margin | 9900 | €36,366 | €24,336 | -€12,030 | -33.1% |
| Operating profit (loss) | 9901 | €35,830 | €23,748 | -€12,082 | -33.7% |
| Financial income | 75/76B | €19 | €424 | +€406 | +2,161% |
| Recurring financial income | 75 | €19 | €424 | +€406 | +2,161% |
| Financial charges | 65/66B | €17 | €67 | +€51 | +307% |
| Recurring financial charges | 65 | €17 | €67 | +€51 | +307% |
| Profit (loss) for the period before taxes | 9903 | €35,833 | €24,105 | -€11,727 | -32.7% |
| Income taxes | 67/77 | €10,413 | €6,488 | -€3,924 | -37.7% |
| Profit (loss) for the period | 9904 | €25,420 | €17,617 | -€7,803 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,420 | €17,617 | -€7,803 | -30.7% |
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 17 October 2026 via checked.be.