BRIDGE THE GAP: 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.
BRIDGE THE GAP
Largest movements
- Receivables within one year -€31,208
down €31,208 (-27.8%), from €112,143 to €80,935
of which Other amounts receivable: -€31,208
- Cash +€22,606
up €22,606 (+23.0%), from €98,118 to €120,724
mainly Net result for the year (+€51,674) and Receivables within one year (+€31,208)
- Tangible fixed assets +€5,919
up €5,919 (+14.3%), from €41,419 to €47,338
of which Furniture and vehicles: +€16,201
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€23,861
down €23,861 (-21.2%), from €112,618 to €88,757
- Taxes -€9,372
down €9,372 (-28.2%), from €33,252 to €23,880
- Depreciation +€5,822
up €5,822 (+50.0%), from €11,644 to €17,466
- Other operating charges -€1,449
down €1,449 (-63.9%), from €2,267 to €819
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 | €488,368 | €481,284 | -€7,084 | -1.5% |
| Fixed assets | 21/28 | €271,819 | €277,738 | +€5,919 | +2.2% |
| Tangible fixed assets | 22/27 | €41,419 | €47,338 | +€5,919 | +14.3% |
| Furniture and vehicles | 24 | €4,756 | €20,957 | +€16,201 | +340.7% |
| Other tangible fixed assets | 26 | €36,664 | €26,381 | -€10,283 | -28.0% |
| Financial fixed assets | 28 | €230,400 | €230,400 | = | 0.0% |
| Current assets | 29/58 | €216,549 | €203,546 | -€13,003 | -6.0% |
| Amounts receivable within one year | 40/41 | €112,143 | €80,935 | -€31,208 | -27.8% |
| Trade receivables | 40 | €23,519 | €23,519 | = | 0.0% |
| Other amounts receivable | 41 | €88,624 | €57,416 | -€31,208 | -35.2% |
| Cash at bank and in hand | 54/58 | €98,118 | €120,724 | +€22,606 | +23.0% |
| Deferred charges and accrued income | 490/1 | €6,288 | €1,888 | -€4,400 | -70.0% |
| Total equity and liabilities | 10/49 | €488,368 | €481,284 | -€7,084 | -1.5% |
| Equity | 10/15 | €470,530 | €467,644 | -€2,887 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €464,330 | €461,444 | -€2,887 | -0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €462,470 | €461,444 | -€1,027 | -0.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,838 | €13,640 | -€4,198 | -23.5% |
| Amounts payable within one year | 42/48 | €17,838 | €13,640 | -€4,198 | -23.5% |
| Financial debts | 43 | - | €2,790 | +€2,790 | |
| Credit institutions | 430/8 | - | €2,790 | +€2,790 | |
| Trade debts | 44 | €4,556 | €877 | -€3,679 | -80.7% |
| Suppliers | 440/4 | €4,556 | €877 | -€3,679 | -80.7% |
| Taxes, remuneration and social security | 45 | €13,282 | €9,973 | -€3,309 | -24.9% |
| Taxes | 450/3 | €13,282 | €9,973 | -€3,309 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,644 | €17,466 | +€5,822 | +50.0% |
| Other operating charges | 640/8 | €2,267 | €819 | -€1,449 | -63.9% |
| Gross operating margin | 9900 | €112,618 | €88,757 | -€23,861 | -21.2% |
| Operating profit (loss) | 9901 | €98,707 | €70,472 | -€28,234 | -28.6% |
| Financial income | 75/76B | €4,841 | €5,832 | +€991 | +20.5% |
| Recurring financial income | 75 | €4,841 | €5,832 | +€991 | +20.5% |
| Financial charges | 65/66B | €696 | €750 | +€54 | +7.7% |
| Recurring financial charges | 65 | €696 | €750 | +€54 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €102,851 | €75,554 | -€27,297 | -26.5% |
| Income taxes | 67/77 | €33,252 | €23,880 | -€9,372 | -28.2% |
| Profit (loss) for the period | 9904 | €69,599 | €51,674 | -€17,925 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,599 | €51,674 | -€17,925 | -25.8% |
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 6 October 2026 via checked.be.