BUG: what changed
BUG
Largest movements
- Cash +€27,029
up €27,029 (+40.4%), from €66,923 to €93,952
mainly Net result for the year (+€35,788) and Depreciation (+€3,403)
- Receivables within one year +€6,673
up €6,673 (+11.8%), from €56,705 to €63,378
of which Other amounts receivable: +€9,702
- Tangible fixed assets -€3,403
down €3,403 (-28.6%), from €11,918 to €8,515
of which Furniture and vehicles: -€2,819
- Deferred charges and accrued income +€2,165
new in 2025: €2,165
- Reserves +€35,788
up €35,788 (+33.3%), from €107,513 to €143,300
of which Distributable reserves: +€35,788
- Tax, wage and social debts -€1,722
down €1,722 (-9.2%), from €18,784 to €17,062
of which Taxes: -€1,736
- Gross operating margin +€7,070
up €7,070 (+15.7%), from €45,010 to €52,080
- Depreciation -€852
down €852 (-20.0%), from €4,255 to €3,403
- Taxes +€696
up €696 (+6.1%), from €11,462 to €12,158
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,546 | €168,010 | +€32,464 | +24.0% |
| Fixed assets | 21/28 | €11,918 | €8,515 | -€3,403 | -28.6% |
| Tangible fixed assets | 22/27 | €11,918 | €8,515 | -€3,403 | -28.6% |
| Plant, machinery and equipment | 23 | €1,731 | €1,147 | -€584 | -33.7% |
| Furniture and vehicles | 24 | €10,186 | €7,368 | -€2,819 | -27.7% |
| Current assets | 29/58 | €123,628 | €159,495 | +€35,867 | +29.0% |
| Amounts receivable within one year | 40/41 | €56,705 | €63,378 | +€6,673 | +11.8% |
| Trade receivables | 40 | €17,206 | €14,176 | -€3,029 | -17.6% |
| Other amounts receivable | 41 | €39,500 | €49,202 | +€9,702 | +24.6% |
| Cash at bank and in hand | 54/58 | €66,923 | €93,952 | +€27,029 | +40.4% |
| Deferred charges and accrued income | 490/1 | - | €2,165 | +€2,165 | |
| Total equity and liabilities | 10/49 | €135,546 | €168,010 | +€32,464 | +24.0% |
| Equity | 10/15 | €114,760 | €150,548 | +€35,788 | +31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,513 | €143,300 | +€35,788 | +33.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €105,653 | €141,440 | +€35,788 | +33.9% |
| Profit (loss) carried forward | 14 | €1,047 | €1,047 | = | 0.0% |
| Amounts payable | 17/49 | €20,786 | €17,462 | -€3,323 | -16.0% |
| Amounts payable within one year | 42/48 | €20,386 | €17,062 | -€3,323 | -16.3% |
| Trade debts | 44 | €1,601 | - | -€1,601 | |
| Suppliers | 440/4 | €1,601 | - | -€1,601 | |
| Taxes, remuneration and social security | 45 | €18,784 | €17,062 | -€1,722 | -9.2% |
| Taxes | 450/3 | €15,847 | €14,111 | -€1,736 | -11.0% |
| Remuneration and social security | 454/9 | €2,937 | €2,951 | +€14 | +0.5% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,255 | €3,403 | -€852 | -20.0% |
| Other operating charges | 640/8 | €559 | €575 | +€15 | +2.7% |
| Gross operating margin | 9900 | €45,010 | €52,080 | +€7,070 | +15.7% |
| Operating profit (loss) | 9901 | €40,196 | €48,103 | +€7,907 | +19.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €266 | €159 | -€107 | -40.3% |
| Recurring financial charges | 65 | €266 | €159 | -€107 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €39,930 | €47,946 | +€8,016 | +20.1% |
| Income taxes | 67/77 | €11,462 | €12,158 | +€696 | +6.1% |
| Profit (loss) for the period | 9904 | €28,468 | €35,788 | +€7,320 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,468 | €35,788 | +€7,320 | +25.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.