BREAKEVENT: 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.
BREAKEVENT
Largest movements
- Receivables within one year +€96,516
up €96,516 (+1388.3%), from €6,952 to €103,468
of which Trade receivables: +€96,463
- Tangible fixed assets +€86,574
up €86,574 (+22.1%), from €391,888 to €478,462
of which Other tangible fixed assets: +€99,565
- Cash +€9,561
up €9,561 (+36.5%), from €26,219 to €35,780
mainly Debts after one year (+€102,288) and Depreciation (+€78,257)
- Debts after one year +€102,288
new in 2025: €102,288
- Advances received +€62,499
new in 2025: €62,499
- Profit (loss) carried forward -€48,136
down €48,136 (-182.9%), from -€26,314 to -€74,450
- Trade debts +€37,100
up €37,100 (+95.2%), from €38,975 to €76,075
- Tax, wage and social debts +€20,806
up €20,806 (+53.6%), from €38,783 to €59,589
of which Remuneration and social security: +€21,045
- Staff costs +€168,903
up €168,903 (+50.2%), from €336,148 to €505,051
- Gross operating margin +€154,207
up €154,207 (+40.2%), from €383,855 to €538,062
- Depreciation +€8,763
up €8,763 (+12.6%), from €69,494 to €78,257
- Financial charges +€5,415
up €5,415 (+212.0%), from €2,554 to €7,969
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 | €460,040 | €646,232 | +€186,192 | +40.5% |
| Fixed assets | 21/28 | €400,740 | €483,741 | +€83,001 | +20.7% |
| Intangible fixed assets | 21 | €8,852 | €5,279 | -€3,573 | -40.4% |
| Tangible fixed assets | 22/27 | €391,888 | €478,462 | +€86,574 | +22.1% |
| Plant, machinery and equipment | 23 | €78,699 | €58,733 | -€19,967 | -25.4% |
| Furniture and vehicles | 24 | €12,167 | €17,760 | +€5,593 | +46.0% |
| Other tangible fixed assets | 26 | €301,022 | €400,587 | +€99,565 | +33.1% |
| Assets under construction and advance payments | 27 | - | €1,382 | +€1,382 | |
| Current assets | 29/58 | €59,300 | €162,491 | +€103,191 | +174.0% |
| Stocks and contracts in progress | 3 | €18,716 | €12,818 | -€5,898 | -31.5% |
| Stocks | 30/36 | €18,716 | €12,818 | -€5,898 | -31.5% |
| Amounts receivable within one year | 40/41 | €6,952 | €103,468 | +€96,516 | +1388.3% |
| Trade receivables | 40 | €6,775 | €103,238 | +€96,463 | +1423.9% |
| Other amounts receivable | 41 | €177 | €230 | +€53 | +29.8% |
| Cash at bank and in hand | 54/58 | €26,219 | €35,780 | +€9,561 | +36.5% |
| Deferred charges and accrued income | 490/1 | €7,413 | €10,426 | +€3,012 | +40.6% |
| Total equity and liabilities | 10/49 | €460,040 | €646,232 | +€186,192 | +40.5% |
| Equity | 10/15 | €217,465 | €162,489 | -€54,976 | -25.3% |
| Contributions | 10/11 | €136,350 | €136,350 | = | 0.0% |
| Capital | 10 | €136,350 | €136,350 | = | 0.0% |
| Issued capital | 100 | €136,350 | €136,350 | = | 0.0% |
| Reserves | 13 | €107,429 | €100,589 | -€6,840 | -6.4% |
| Non-distributable reserves | 130/1 | €13,635 | €13,635 | = | 0.0% |
| Legal reserve | 130 | €13,635 | €13,635 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,919 | €82,079 | -€6,840 | -7.7% |
| Distributable reserves | 133 | €4,875 | €4,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,314 | -€74,450 | -€48,136 | -182.9% |
| Provisions and deferred taxes | 16 | €29,640 | €27,360 | -€2,280 | -7.7% |
| Provisions for liabilities and charges | 160/5 | €29,640 | - | -€29,640 | |
| Other liabilities and charges | 164/5 | €29,640 | - | -€29,640 | |
| Deferred taxes | 168 | - | €27,360 | +€27,360 | |
| Amounts payable | 17/49 | €212,935 | €456,383 | +€243,448 | +114.3% |
| Amounts payable after more than one year | 17 | - | €102,288 | +€102,288 | |
| Financial debts | 170/4 | - | €102,288 | +€102,288 | |
| Amounts payable within one year | 42/48 | €212,935 | €350,878 | +€137,942 | +64.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,272 | +€10,272 | |
| Trade debts | 44 | €38,975 | €76,075 | +€37,100 | +95.2% |
| Suppliers | 440/4 | €38,975 | €76,075 | +€37,100 | +95.2% |
| Advances received on contracts in progress | 46 | - | €62,499 | +€62,499 | |
| Taxes, remuneration and social security | 45 | €38,783 | €59,589 | +€20,806 | +53.6% |
| Taxes | 450/3 | €643 | €404 | -€239 | -37.1% |
| Remuneration and social security | 454/9 | €38,140 | €59,185 | +€21,045 | +55.2% |
| Other amounts payable | 47/48 | €135,177 | €142,443 | +€7,265 | +5.4% |
| Accrued charges and deferred income | 492/3 | €0 | €3,218 | +€3,218 | |
| Remuneration, social security and pensions | 62 | €336,148 | €505,051 | +€168,903 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,494 | €78,257 | +€8,763 | +12.6% |
| Other operating charges | 640/8 | €2,535 | €4,122 | +€1,587 | +62.6% |
| Gross operating margin | 9900 | €383,855 | €538,062 | +€154,207 | +40.2% |
| Operating profit (loss) | 9901 | -€24,321 | -€49,367 | -€25,046 | -103.0% |
| Financial income | 75/76B | €4 | €80 | +€76 | +1800.0% |
| Recurring financial income | 75 | €4 | €80 | +€76 | +1800.0% |
| Financial charges | 65/66B | €2,554 | €7,969 | +€5,415 | +212.0% |
| Recurring financial charges | 65 | €2,554 | €7,969 | +€5,415 | +212.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,871 | -€57,256 | -€30,385 | -113.1% |
| Transfer from deferred taxes | 780 | €2,280 | €6,840 | +€4,560 | +200.0% |
| Profit (loss) for the period | 9904 | -€24,591 | -€50,416 | -€25,825 | -105.0% |
| Transfer from tax-exempt reserves | 789 | €6,840 | €2,280 | -€4,560 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,751 | -€48,136 | -€30,385 | -171.2% |
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.