BE OBJECT: 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.
BE OBJECT
Largest movements
- Receivables within one year -€29,732
down €29,732 (-17.5%), from €170,103 to €140,371
of which Trade receivables: -€63,314
- Tangible fixed assets -€13,719
down €13,719 (-47.5%), from €28,880 to €15,160
of which Furniture and vehicles: -€13,719
- Trade debts -€61,724
down €61,724 (-61.8%), from €99,846 to €38,122
- Profit (loss) carried forward +€30,657
up €30,657 (+162.9%), from €18,815 to €49,473
- Tax, wage and social debts +€8,146
up €8,146 (+30.5%), from €26,751 to €34,897
of which Taxes: +€8,146
- Short-term financial debts -€6,179
down €6,179 (-33.8%), from €18,277 to €12,098
- Debts after one year -€5,941
no longer reported in 2025 (was €5,941)
- Gross operating margin +€61,577
up €61,577 (+797.0%), from €7,726 to €69,303
- Taxes +€11,771
up €11,771 (+7115.2%), from €165 to €11,937
- Other operating charges +€4,776
up €4,776 (+960.7%), from €497 to €5,273
- Depreciation -€4,089
down €4,089 (-21.0%), from €19,510 to €15,421
- Write-downs -€3,166
down €3,166 (-38.6%), from €8,198 to €5,031
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 | €206,035 | €163,501 | -€42,534 | -20.6% |
| Fixed assets | 21/28 | €30,455 | €16,735 | -€13,719 | -45.0% |
| Tangible fixed assets | 22/27 | €28,880 | €15,160 | -€13,719 | -47.5% |
| Furniture and vehicles | 24 | €23,472 | €9,753 | -€13,719 | -58.4% |
| Other tangible fixed assets | 26 | €5,408 | €5,408 | = | 0.0% |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €175,580 | €146,766 | -€28,814 | -16.4% |
| Stocks and contracts in progress | 3 | €2,779 | €1,310 | -€1,469 | -52.9% |
| Stocks | 30/36 | €2,779 | €1,310 | -€1,469 | -52.9% |
| Amounts receivable within one year | 40/41 | €170,103 | €140,371 | -€29,732 | -17.5% |
| Trade receivables | 40 | €125,916 | €62,602 | -€63,314 | -50.3% |
| Other amounts receivable | 41 | €44,187 | €77,769 | +€33,582 | +76.0% |
| Cash at bank and in hand | 54/58 | - | €617 | +€617 | |
| Deferred charges and accrued income | 490/1 | €2,698 | €4,468 | +€1,770 | +65.6% |
| Total equity and liabilities | 10/49 | €206,035 | €163,501 | -€42,534 | -20.6% |
| Equity | 10/15 | €27,670 | €58,328 | +€30,657 | +110.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €11,550 | €11,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,815 | €49,473 | +€30,657 | +162.9% |
| Amounts payable | 17/49 | €178,365 | €105,174 | -€73,191 | -41.0% |
| Amounts payable after more than one year | 17 | €5,941 | - | -€5,941 | |
| Financial debts | 170/4 | €5,941 | - | -€5,941 | |
| Amounts payable within one year | 42/48 | €172,424 | €105,174 | -€67,251 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €8,434 | €5,941 | -€2,493 | -29.6% |
| Financial debts | 43 | €18,277 | €12,098 | -€6,179 | -33.8% |
| Credit institutions | 430/8 | €18,277 | €12,098 | -€6,179 | -33.8% |
| Trade debts | 44 | €99,846 | €38,122 | -€61,724 | -61.8% |
| Suppliers | 440/4 | €99,846 | €38,122 | -€61,724 | -61.8% |
| Taxes, remuneration and social security | 45 | €26,751 | €34,897 | +€8,146 | +30.5% |
| Taxes | 450/3 | €21,275 | €29,421 | +€8,146 | +38.3% |
| Remuneration and social security | 454/9 | €5,476 | €5,476 | = | 0.0% |
| Other amounts payable | 47/48 | €19,116 | €14,116 | -€5,000 | -26.2% |
| Remuneration, social security and pensions | 62 | €2,634 | - | -€2,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,510 | €15,421 | -€4,089 | -21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,198 | €5,031 | -€3,166 | -38.6% |
| Other operating charges | 640/8 | €497 | €5,273 | +€4,776 | +960.7% |
| Gross operating margin | 9900 | €7,726 | €69,303 | +€61,577 | +797.0% |
| Operating profit (loss) | 9901 | -€23,113 | €43,578 | +€66,691 | |
| Financial income | 75/76B | €2,550 | €3,569 | +€1,019 | +40.0% |
| Recurring financial income | 75 | €2,550 | €3,569 | +€1,019 | +40.0% |
| Financial charges | 65/66B | €3,956 | €4,553 | +€598 | +15.1% |
| Recurring financial charges | 65 | €3,956 | €4,553 | +€598 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,519 | €42,594 | +€67,113 | |
| Income taxes | 67/77 | €165 | €11,937 | +€11,771 | +7115.2% |
| Profit (loss) for the period | 9904 | -€24,684 | €30,657 | +€55,342 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,684 | €30,657 | +€55,342 |
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 4 October 2026 via checked.be.