BASIC BUSINESS: 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.
BASIC BUSINESS
Largest movements
- Cash -€227,175
down €227,175 (-91.9%), from €247,322 to €20,147
mainly Trade debts (-€206,287) and Debts after one year (-€155,252)
- Receivables within one year -€123,781
down €123,781 (-8.3%), from €1.5m to €1.4m
of which Trade receivables: -€107,508
- Tangible fixed assets -€108,873
down €108,873 (-12.8%), from €851,697 to €742,824
of which Land and buildings: -€68,983
- Trade debts -€206,287
down €206,287 (-16.4%), from €1.3m to €1.1m
- Debts after one year -€155,252
down €155,252 (-18.7%), from €828,062 to €672,811
- Profit (loss) carried forward -€78,206
down €78,206 (-12.2%), from €638,783 to €560,577
- Gross operating margin +€74,272
up €74,272 (+11.5%), from €643,253 to €717,525
- Depreciation -€45,929
down €45,929 (-23.4%), from €196,078 to €150,149
- Financial charges +€44,643
up €44,643 (+83.2%), from €53,673 to €98,316
- Staff costs +€41,086
up €41,086 (+7.5%), from €545,348 to €586,434
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 | €3,565,509 | €3,128,776 | -€436,733 | -12.2% |
| Fixed assets | 21/28 | €851,697 | €742,824 | -€108,873 | -12.8% |
| Tangible fixed assets | 22/27 | €851,697 | €742,824 | -€108,873 | -12.8% |
| Land and buildings | 22 | €702,583 | €633,601 | -€68,983 | -9.8% |
| Plant, machinery and equipment | 23 | €83,844 | €79,965 | -€3,879 | -4.6% |
| Furniture and vehicles | 24 | €7,323 | €3,606 | -€3,717 | -50.8% |
| Leasing and similar rights | 25 | €57,946 | €25,652 | -€32,294 | -55.7% |
| Current assets | 29/58 | €2,713,812 | €2,385,952 | -€327,860 | -12.1% |
| Stocks and contracts in progress | 3 | €894,255 | €889,846 | -€4,409 | -0.5% |
| Stocks | 30/36 | €894,255 | €889,846 | -€4,409 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,484,378 | €1,360,596 | -€123,781 | -8.3% |
| Trade receivables | 40 | €1,412,811 | €1,305,304 | -€107,508 | -7.6% |
| Other amounts receivable | 41 | €71,566 | €55,293 | -€16,274 | -22.7% |
| Current investments | 50/53 | €76,455 | €103,540 | +€27,085 | +35.4% |
| Cash at bank and in hand | 54/58 | €247,322 | €20,147 | -€227,175 | -91.9% |
| Deferred charges and accrued income | 490/1 | €11,402 | €11,822 | +€420 | +3.7% |
| Total equity and liabilities | 10/49 | €3,565,509 | €3,128,776 | -€436,733 | -12.2% |
| Equity | 10/15 | €741,248 | €663,041 | -€78,206 | -10.6% |
| Contributions | 10/11 | €89,650 | €89,650 | = | 0.0% |
| Reserves | 13 | €12,815 | €12,815 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,965 | €0 | -€8,965 | -100.0% |
| Reserves not available under the articles | 1311 | €8,965 | €0 | -€8,965 | -100.0% |
| Distributable reserves | 133 | €3,850 | €12,815 | +€8,965 | +232.9% |
| Profit (loss) carried forward | 14 | €638,783 | €560,577 | -€78,206 | -12.2% |
| Amounts payable | 17/49 | €2,824,261 | €2,465,734 | -€358,527 | -12.7% |
| Amounts payable after more than one year | 17 | €828,062 | €672,811 | -€155,252 | -18.7% |
| Financial debts | 170/4 | €828,062 | €672,811 | -€155,252 | -18.7% |
| Amounts payable within one year | 42/48 | €1,990,796 | €1,792,639 | -€198,157 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €154,106 | €141,365 | -€12,741 | -8.3% |
| Financial debts | 43 | €335,000 | €335,000 | = | 0.0% |
| Credit institutions | 430/8 | €335,000 | €335,000 | = | 0.0% |
| Trade debts | 44 | €1,260,323 | €1,054,035 | -€206,287 | -16.4% |
| Suppliers | 440/4 | €1,260,323 | €1,054,035 | -€206,287 | -16.4% |
| Taxes, remuneration and social security | 45 | €115,339 | €136,210 | +€20,871 | +18.1% |
| Taxes | 450/3 | €57,885 | €23,107 | -€34,779 | -60.1% |
| Remuneration and social security | 454/9 | €57,453 | €113,104 | +€55,650 | +96.9% |
| Other amounts payable | 47/48 | €126,029 | €126,029 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,402 | €284 | -€5,118 | -94.7% |
| Non-recurring operating income | 76A | €0 | €700 | +€700 | |
| Remuneration, social security and pensions | 62 | €545,348 | €586,434 | +€41,086 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,078 | €150,149 | -€45,929 | -23.4% |
| Other operating charges | 640/8 | €15,076 | €15,437 | +€361 | +2.4% |
| Gross operating margin | 9900 | €643,253 | €717,525 | +€74,272 | +11.5% |
| Operating profit (loss) | 9901 | -€113,249 | -€34,495 | +€78,755 | +69.5% |
| Financial income | 75/76B | €54,700 | €56,191 | +€1,491 | +2.7% |
| Recurring financial income | 75 | €54,700 | €56,191 | +€1,491 | +2.7% |
| Financial charges | 65/66B | €53,673 | €98,316 | +€44,643 | +83.2% |
| Recurring financial charges | 65 | €53,673 | €98,316 | +€44,643 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | -€112,222 | -€76,620 | +€35,602 | +31.7% |
| Income taxes | 67/77 | €1,932 | €1,586 | -€346 | -17.9% |
| Profit (loss) for the period | 9904 | -€114,154 | -€78,206 | +€35,948 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,154 | -€78,206 | +€35,948 | +31.5% |
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 30 September 2026 via checked.be.