BALANS: 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.
BALANS
Largest movements
- Receivables within one year +€35,442
up €35,442 (+22.4%), from €158,441 to €193,884
of which Other amounts receivable: +€34,513
- Cash -€35,329
down €35,329 (-45.3%), from €78,031 to €42,702
mainly Receivables within one year (-€35,442) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets +€3,954
up €3,954 (+21.1%), from €18,757 to €22,711
of which Plant, machinery and equipment: +€5,640
- Other debts +€28,357
up €28,357 (+59.3%), from €47,811 to €76,167
- Trade debts -€27,747
down €27,747 (-28.7%), from €96,518 to €68,771
- Debts after one year -€17,060
down €17,060 (-18.4%), from €92,964 to €75,903
- Profit (loss) carried forward +€13,815
up €13,815 (+13.2%), from €104,635 to €118,450
- Tax, wage and social debts +€10,054
up €10,054 (+76.6%), from €13,127 to €23,180
of which Remuneration and social security: +€7,707
- Staff costs -€15,617
down €15,617 (-23.5%), from €66,405 to €50,787
- Financial income -€3,743
down €3,743 (-52.1%), from €7,190 to €3,447
of which Non-recurring financial income: -€3,790
- Gross operating margin -€2,205
down €2,205 (-1.9%), from €116,926 to €114,721
- Taxes +€1,813
up €1,813 (+40.3%), from €4,498 to €6,310
- Depreciation -€1,225
down €1,225 (-13.1%), from €9,332 to €8,107
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 | €385,277 | €393,498 | +€8,221 | +2.1% |
| Fixed assets | 21/28 | €18,757 | €22,711 | +€3,954 | +21.1% |
| Tangible fixed assets | 22/27 | €18,757 | €22,711 | +€3,954 | +21.1% |
| Plant, machinery and equipment | 23 | €13,511 | €19,150 | +€5,640 | +41.7% |
| Furniture and vehicles | 24 | €5,246 | €3,560 | -€1,686 | -32.1% |
| Current assets | 29/58 | €366,520 | €370,788 | +€4,268 | +1.2% |
| Stocks and contracts in progress | 3 | €124,968 | €127,337 | +€2,369 | +1.9% |
| Stocks | 30/36 | €124,968 | €127,337 | +€2,369 | +1.9% |
| Amounts receivable within one year | 40/41 | €158,441 | €193,884 | +€35,442 | +22.4% |
| Trade receivables | 40 | €49,638 | €50,567 | +€929 | +1.9% |
| Other amounts receivable | 41 | €108,803 | €143,317 | +€34,513 | +31.7% |
| Cash at bank and in hand | 54/58 | €78,031 | €42,702 | -€35,329 | -45.3% |
| Deferred charges and accrued income | 490/1 | €5,079 | €6,865 | +€1,786 | +35.2% |
| Total equity and liabilities | 10/49 | €385,277 | €393,498 | +€8,221 | +2.1% |
| Equity | 10/15 | €117,735 | €131,550 | +€13,815 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,900 | €6,900 | = | 0.0% |
| Distributable reserves | 133 | €6,900 | €6,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,635 | €118,450 | +€13,815 | +13.2% |
| Amounts payable | 17/49 | €267,542 | €261,948 | -€5,594 | -2.1% |
| Amounts payable after more than one year | 17 | €92,964 | €75,903 | -€17,060 | -18.4% |
| Financial debts | 170/4 | €92,964 | €75,903 | -€17,060 | -18.4% |
| Amounts payable within one year | 42/48 | €173,688 | €185,179 | +€11,491 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €16,233 | €17,060 | +€827 | +5.1% |
| Trade debts | 44 | €96,518 | €68,771 | -€27,747 | -28.7% |
| Suppliers | 440/4 | €96,518 | €68,771 | -€27,747 | -28.7% |
| Taxes, remuneration and social security | 45 | €13,127 | €23,180 | +€10,054 | +76.6% |
| Taxes | 450/3 | €802 | €3,149 | +€2,347 | +292.7% |
| Remuneration and social security | 454/9 | €12,325 | €20,032 | +€7,707 | +62.5% |
| Other amounts payable | 47/48 | €47,811 | €76,167 | +€28,357 | +59.3% |
| Accrued charges and deferred income | 492/3 | €890 | €866 | -€24 | -2.7% |
| Remuneration, social security and pensions | 62 | €66,405 | €50,787 | -€15,617 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,332 | €8,107 | -€1,225 | -13.1% |
| Other operating charges | 640/8 | €993 | €839 | -€154 | -15.5% |
| Gross operating margin | 9900 | €116,926 | €114,721 | -€2,205 | -1.9% |
| Operating profit (loss) | 9901 | €40,197 | €54,988 | +€14,791 | +36.8% |
| Financial income | 75/76B | €7,190 | €3,447 | -€3,743 | -52.1% |
| Recurring financial income | 75 | €3,400 | €3,447 | +€47 | +1.4% |
| Non-recurring financial income | 76B | €3,790 | - | -€3,790 | |
| Financial charges | 65/66B | €8,365 | €8,310 | -€56 | -0.7% |
| Recurring financial charges | 65 | €8,365 | €8,310 | -€56 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €39,022 | €50,126 | +€11,104 | +28.5% |
| Income taxes | 67/77 | €4,498 | €6,310 | +€1,813 | +40.3% |
| Profit (loss) for the period | 9904 | €34,524 | €43,815 | +€9,291 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,524 | €43,815 | +€9,291 | +26.9% |
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 7 October 2026 via checked.be.