AS: 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.
AS
Largest movements
- Receivables within one year +€10,262
up €10,262 (+2,993%), from €343 to €10,605
- Tangible fixed assets -€4,286
down €4,286 (-11.4%), from €37,609 to €33,323
of which Furniture and vehicles: -€8,891
- Cash +€2,881
up €2,881 (+369%), from €781 to €3,662
mainly Tax, wage and social debts (+€20,225) and Depreciation (+€16,517)
- Profit (loss) carried forward -€30,528
down €30,528 (-12.8%), from -€239,416 to -€269,944
- Tax, wage and social debts +€20,225
up €20,225 (+66.0%), from €30,648 to €50,873
of which Remuneration and social security: +€16,379
- Other debts +€15,093
up €15,093 (+7.6%), from €197,711 to €212,804
- Trade debts +€3,908
up €3,908 (+8.4%), from €46,506 to €50,414
- Gross operating margin -€16,978
down €16,978 (-33.3%), from €50,911 to €33,933
- Staff costs -€13,307
down €13,307 (-24.3%), from €54,784 to €41,478
- Depreciation +€3,831
up €3,831 (+30.2%), from €12,686 to €16,517
- Other operating charges -€1,489
down €1,489 (-22.9%), from €6,487 to €4,999
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 | €43,510 | €52,209 | +€8,699 | +20.0% |
| Fixed assets | 21/28 | €40,839 | €36,553 | -€4,286 | -10.5% |
| Tangible fixed assets | 22/27 | €37,609 | €33,323 | -€4,286 | -11.4% |
| Plant, machinery and equipment | 23 | €8,986 | €14,656 | +€5,670 | +63.1% |
| Furniture and vehicles | 24 | €24,550 | €15,659 | -€8,891 | -36.2% |
| Other tangible fixed assets | 26 | €4,073 | €3,008 | -€1,065 | -26.1% |
| Financial fixed assets | 28 | €3,230 | €3,230 | = | 0.0% |
| Current assets | 29/58 | €2,671 | €15,655 | +€12,985 | +486% |
| Amounts receivable within one year | 40/41 | €343 | €10,605 | +€10,262 | +2,993% |
| Other amounts receivable | 41 | €343 | €10,605 | +€10,262 | +2,993% |
| Cash at bank and in hand | 54/58 | €781 | €3,662 | +€2,881 | +369% |
| Deferred charges and accrued income | 490/1 | €1,547 | €1,388 | -€158 | -10.2% |
| Total equity and liabilities | 10/49 | €43,510 | €52,209 | +€8,699 | +20.0% |
| Equity | 10/15 | -€231,356 | -€261,884 | -€30,528 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€239,416 | -€269,944 | -€30,528 | -12.8% |
| Amounts payable | 17/49 | €274,866 | €314,092 | +€39,227 | +14.3% |
| Amounts payable within one year | 42/48 | €274,866 | €314,092 | +€39,227 | +14.3% |
| Trade debts | 44 | €46,506 | €50,414 | +€3,908 | +8.4% |
| Suppliers | 440/4 | €46,506 | €50,414 | +€3,908 | +8.4% |
| Taxes, remuneration and social security | 45 | €30,648 | €50,873 | +€20,225 | +66.0% |
| Taxes | 450/3 | €5,869 | €9,715 | +€3,846 | +65.5% |
| Remuneration and social security | 454/9 | €24,779 | €41,158 | +€16,379 | +66.1% |
| Other amounts payable | 47/48 | €197,711 | €212,804 | +€15,093 | +7.6% |
| Remuneration, social security and pensions | 62 | €54,784 | €41,478 | -€13,307 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,686 | €16,517 | +€3,831 | +30.2% |
| Other operating charges | 640/8 | €6,487 | €4,999 | -€1,489 | -22.9% |
| Gross operating margin | 9900 | €50,911 | €33,933 | -€16,978 | -33.3% |
| Operating profit (loss) | 9901 | -€23,047 | -€29,061 | -€6,014 | -26.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,049 | €1,140 | +€90 | +8.6% |
| Recurring financial charges | 65 | €1,049 | €1,140 | +€90 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,096 | -€30,200 | -€6,104 | -25.3% |
| Income taxes | 67/77 | €351 | €328 | -€23 | -6.7% |
| Profit (loss) for the period | 9904 | -€24,447 | -€30,528 | -€6,081 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,447 | -€30,528 | -€6,081 | -24.9% |
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 20 October 2026 via checked.be.