BALANCE LAB: 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.
BALANCE LAB
Largest movements
- Receivables within one year +€5,462
up €5,462 (+8.2%), from €66,339 to €71,801
of which Trade receivables: +€5,996
- Cash -€5,202
down €5,202 (-72.4%), from €7,183 to €1,981
mainly Contributions, distributions and other (-€44,294) and Debts after one year (-€11,585)
- Tangible fixed assets -€3,021
down €3,021 (-16.9%), from €17,870 to €14,849
- Debts after one year -€11,585
down €11,585 (-96.8%), from €11,974 to €389
- Current portion of long-term debt +€9,300
up €9,300 (+75.7%), from €12,286 to €21,585
- Trade debts -€6,335
down €6,335 (-65.6%), from €9,659 to €3,324
- Reserves +€5,034
up €5,034 (+9.9%), from €51,023 to €56,057
- Gross operating margin +€31,346
up €31,346 (+73.4%), from €42,703 to €74,048
- Taxes +€4,694
up €4,694 (+61.9%), from €7,585 to €12,279
- Depreciation +€778
up €778 (+6.8%), from €11,417 to €12,195
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 | €99,200 | €95,911 | -€3,290 | -3.3% |
| Fixed assets | 21/28 | €23,337 | €19,537 | -€3,800 | -16.3% |
| Intangible fixed assets | 21 | €5,467 | €4,688 | -€779 | -14.2% |
| Tangible fixed assets | 22/27 | €17,870 | €14,849 | -€3,021 | -16.9% |
| Furniture and vehicles | 24 | €17,870 | €14,849 | -€3,021 | -16.9% |
| Current assets | 29/58 | €75,864 | €76,374 | +€510 | +0.7% |
| Amounts receivable within one year | 40/41 | €66,339 | €71,801 | +€5,462 | +8.2% |
| Trade receivables | 40 | €41,949 | €47,945 | +€5,996 | +14.3% |
| Other amounts receivable | 41 | €24,390 | €23,856 | -€534 | -2.2% |
| Cash at bank and in hand | 54/58 | €7,183 | €1,981 | -€5,202 | -72.4% |
| Deferred charges and accrued income | 490/1 | €2,342 | €2,591 | +€250 | +10.7% |
| Total equity and liabilities | 10/49 | €99,200 | €95,911 | -€3,290 | -3.3% |
| Equity | 10/15 | €53,523 | €58,557 | +€5,034 | +9.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,023 | €56,057 | +€5,034 | +9.9% |
| Distributable reserves | 133 | €51,023 | €56,057 | +€5,034 | +9.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,677 | €37,353 | -€8,324 | -18.2% |
| Amounts payable after more than one year | 17 | €11,974 | €389 | -€11,585 | -96.8% |
| Financial debts | 170/4 | €11,974 | €389 | -€11,585 | -96.8% |
| Amounts payable within one year | 42/48 | €33,574 | €36,618 | +€3,045 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €12,286 | €21,585 | +€9,300 | +75.7% |
| Trade debts | 44 | €9,659 | €3,324 | -€6,335 | -65.6% |
| Suppliers | 440/4 | €9,659 | €3,324 | -€6,335 | -65.6% |
| Taxes, remuneration and social security | 45 | €11,629 | €11,709 | +€80 | +0.7% |
| Taxes | 450/3 | €11,629 | €11,709 | +€80 | +0.7% |
| Accrued charges and deferred income | 492/3 | €130 | €346 | +€217 | +167% |
| Remuneration, social security and pensions | 62 | - | €345 | +€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,417 | €12,195 | +€778 | +6.8% |
| Other operating charges | 640/8 | €653 | €655 | +€2 | +0.2% |
| Gross operating margin | 9900 | €42,703 | €74,048 | +€31,346 | +73.4% |
| Operating profit (loss) | 9901 | €30,632 | €60,853 | +€30,221 | +98.7% |
| Financial income | 75/76B | €831 | €1,239 | +€408 | +49.0% |
| Recurring financial income | 75 | €831 | €1,239 | +€408 | +49.0% |
| Financial charges | 65/66B | €720 | €485 | -€235 | -32.7% |
| Recurring financial charges | 65 | €720 | €485 | -€235 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €30,744 | €61,608 | +€30,864 | +100% |
| Income taxes | 67/77 | €7,585 | €12,279 | +€4,694 | +61.9% |
| Profit (loss) for the period | 9904 | €23,159 | €49,329 | +€26,169 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €23,159 | €49,329 | +€26,169 | +113% |
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 19 October 2026 via checked.be.