BUILDING FOR THE FUTURE: 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.
BUILDING FOR THE FUTURE
Largest movements
- Receivables within one year -€87,182
down €87,182 (-86.0%), from €101,365 to €14,183
of which Trade receivables: -€88,225
- Cash +€77,019
up €77,019 (+221%), from €34,909 to €111,928
mainly Receivables within one year (+€87,182) and Trade debts (+€56,043)
- Receivables after one year -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Tangible fixed assets +€4,478
up €4,478 (+27.5%), from €16,302 to €20,780
of which Furniture and vehicles: +€5,735
- Trade debts +€56,043
up €56,043 (+227%), from €24,731 to €80,774
- Debts after one year -€51,277
no longer reported in 2025 (was €51,277)
- Tax, wage and social debts -€38,697
down €38,697 (-73.9%), from €52,358 to €13,661
of which Taxes: -€22,076
- Profit (loss) carried forward +€21,149
up €21,149 (+72.7%), from €29,105 to €50,254
- Current portion of long-term debt -€2,645
down €2,645 (-27.9%), from €9,483 to €6,838
- Gross operating margin -€31,591
down €31,591 (-16.3%), from €193,592 to €162,001
- Staff costs -€21,730
down €21,730 (-15.8%), from €137,749 to €116,019
- Taxes -€6,034
down €6,034 (-40.3%), from €14,992 to €8,957
- Other operating charges +€2,465
up €2,465 (+176%), from €1,402 to €3,867
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.
Derived cash bridge
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 | €204,221 | €188,794 | -€15,427 | -7.6% |
| Fixed assets | 21/28 | €24,010 | €26,756 | +€2,746 | +11.4% |
| Intangible fixed assets | 21 | €6,398 | €4,666 | -€1,732 | -27.1% |
| Tangible fixed assets | 22/27 | €16,302 | €20,780 | +€4,478 | +27.5% |
| Land and buildings | 22 | €11,860 | €10,604 | -€1,256 | -10.6% |
| Furniture and vehicles | 24 | €4,442 | €10,176 | +€5,735 | +129% |
| Financial fixed assets | 28 | €1,310 | €1,310 | = | 0.0% |
| Current assets | 29/58 | €180,211 | €162,038 | -€18,173 | -10.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Other amounts receivable | 291 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €101,365 | €14,183 | -€87,182 | -86.0% |
| Trade receivables | 40 | €101,365 | €13,140 | -€88,225 | -87.0% |
| Other amounts receivable | 41 | - | €1,043 | +€1,043 | |
| Cash at bank and in hand | 54/58 | €34,909 | €111,928 | +€77,019 | +221% |
| Deferred charges and accrued income | 490/1 | €13,937 | €15,928 | +€1,991 | +14.3% |
| Total equity and liabilities | 10/49 | €204,221 | €188,794 | -€15,427 | -7.6% |
| Equity | 10/15 | €66,372 | €87,521 | +€21,149 | +31.9% |
| Contributions | 10/11 | €4,512 | €4,512 | = | 0.0% |
| Reserves | 13 | €32,755 | €32,755 | = | 0.0% |
| Distributable reserves | 133 | €32,755 | €32,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,105 | €50,254 | +€21,149 | +72.7% |
| Amounts payable | 17/49 | €137,849 | €101,273 | -€36,576 | -26.5% |
| Amounts payable after more than one year | 17 | €51,277 | - | -€51,277 | |
| Financial debts | 170/4 | €51,277 | - | -€51,277 | |
| Amounts payable within one year | 42/48 | €86,572 | €101,273 | +€14,702 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €9,483 | €6,838 | -€2,645 | -27.9% |
| Trade debts | 44 | €24,731 | €80,774 | +€56,043 | +227% |
| Suppliers | 440/4 | €24,731 | €80,774 | +€56,043 | +227% |
| Taxes, remuneration and social security | 45 | €52,358 | €13,661 | -€38,697 | -73.9% |
| Taxes | 450/3 | €28,144 | €6,069 | -€22,076 | -78.4% |
| Remuneration and social security | 454/9 | €24,214 | €7,593 | -€16,621 | -68.6% |
| Remuneration, social security and pensions | 62 | €137,749 | €116,019 | -€21,730 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,704 | €8,904 | -€1,800 | -16.8% |
| Other operating charges | 640/8 | €1,402 | €3,867 | +€2,465 | +176% |
| Gross operating margin | 9900 | €193,592 | €162,001 | -€31,591 | -16.3% |
| Operating profit (loss) | 9901 | €43,739 | €33,212 | -€10,527 | -24.1% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €3,290 | €3,106 | -€185 | -5.6% |
| Recurring financial charges | 65 | €3,290 | €3,106 | -€185 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €40,499 | €30,106 | -€10,393 | -25.7% |
| Income taxes | 67/77 | €14,992 | €8,957 | -€6,034 | -40.3% |
| Profit (loss) for the period | 9904 | €25,507 | €21,149 | -€4,359 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,507 | €21,149 | -€4,359 | -17.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.