BRIGITTE SCHWEITZER: what changed
Two financial 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.
BRIGITTE SCHWEITZER
Largest movements
- Receivables within one year +€1,035
up €1,035 (+4.7%), from €21,962 to €22,998
of which Trade receivables: +€3,288
- Cash +€885
up €885 (+160.3%), from €552 to €1,438
mainly Trade debts (+€1,304) and Net result for the year (+€1,026)
- Tangible fixed assets -€452
no longer reported in 2025 (was €452)
of which Plant, machinery and equipment: -€351
- Deferred charges and accrued income +€295
up €295 (+280.1%), from €105 to €400
- Tax, wage and social debts -€1,310
down €1,310 (-23.0%), from €5,691 to €4,381
- Trade debts +€1,304
up €1,304 (+7.5%), from €17,435 to €18,739
- Profit (loss) carried forward +€1,026
up €1,026 (+2.3%), from -€44,800 to -€43,774
- Short-term financial debts +€796
up €796 (+93.1%), from €855 to €1,651
- Gross operating margin +€4,993
up €4,993, from -€1,490 to €3,503
- Other operating charges -€988
down €988 (-40.7%), from €2,429 to €1,441
- Depreciation -€525
down €525 (-53.7%), from €977 to €452
- Financial income -€258
down €258 (-99.2%), from €260 to €2
- Financial charges -€45
down €45 (-13.3%), from €339 to €294
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 | €23,252 | €25,016 | +€1,763 | +7.6% |
| Fixed assets | 21/28 | €632 | €180 | -€452 | -71.5% |
| Tangible fixed assets | 22/27 | €452 | - | -€452 | |
| Plant, machinery and equipment | 23 | €351 | - | -€351 | |
| Furniture and vehicles | 24 | €101 | - | -€101 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €22,620 | €24,836 | +€2,216 | +9.8% |
| Amounts receivable within one year | 40/41 | €21,962 | €22,998 | +€1,035 | +4.7% |
| Trade receivables | 40 | €13,025 | €16,313 | +€3,288 | +25.2% |
| Other amounts receivable | 41 | €8,937 | €6,685 | -€2,252 | -25.2% |
| Cash at bank and in hand | 54/58 | €552 | €1,438 | +€885 | +160.3% |
| Deferred charges and accrued income | 490/1 | €105 | €400 | +€295 | +280.1% |
| Total equity and liabilities | 10/49 | €23,252 | €25,016 | +€1,763 | +7.6% |
| Equity | 10/15 | -€24,349 | -€23,323 | +€1,026 | +4.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,800 | -€43,774 | +€1,026 | +2.3% |
| Amounts payable | 17/49 | €47,602 | €48,339 | +€737 | +1.5% |
| Amounts payable within one year | 42/48 | €23,981 | €24,771 | +€790 | +3.3% |
| Financial debts | 43 | €855 | €1,651 | +€796 | +93.1% |
| Credit institutions | 430/8 | €855 | €1,651 | +€796 | +93.1% |
| Trade debts | 44 | €17,435 | €18,739 | +€1,304 | +7.5% |
| Suppliers | 440/4 | €17,435 | €18,739 | +€1,304 | +7.5% |
| Taxes, remuneration and social security | 45 | €5,691 | €4,381 | -€1,310 | -23.0% |
| Taxes | 450/3 | €5,691 | €4,381 | -€1,310 | -23.0% |
| Accrued charges and deferred income | 492/3 | €23,621 | €23,568 | -€53 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €452 | -€525 | -53.7% |
| Other operating charges | 640/8 | €2,429 | €1,441 | -€988 | -40.7% |
| Non-recurring operating charges | 66A | €27 | - | -€27 | |
| Gross operating margin | 9900 | -€1,490 | €3,503 | +€4,993 | |
| Operating profit (loss) | 9901 | -€4,923 | €1,610 | +€6,533 | |
| Financial income | 75/76B | €260 | €2 | -€258 | -99.2% |
| Recurring financial income | 75 | €260 | €2 | -€258 | -99.2% |
| Financial charges | 65/66B | €339 | €294 | -€45 | -13.3% |
| Recurring financial charges | 65 | €339 | €294 | -€45 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,002 | €1,318 | +€6,320 | |
| Income taxes | 67/77 | €286 | €292 | +€6 | +2.1% |
| Profit (loss) for the period | 9904 | -€5,288 | €1,026 | +€6,314 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,288 | €1,026 | +€6,314 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.