BUSINESS TRAINING: 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.
BUSINESS TRAINING
Largest movements
- Receivables within one year -€595,433
down €595,433 (-31.1%), from €1.9m to €1.3m
of which Other amounts receivable: -€591,318
- Other debts -€723,957
down €723,957 (-28.5%), from €2.5m to €1.8m
- Profit (loss) carried forward +€106,828
up €106,828 (+62.8%), from -€170,052 to -€63,224
- Gross operating margin +€55,875
up €55,875 (+41.1%), from €135,965 to €191,840
- Financial charges -€22,665
down €22,665 (-21.7%), from €104,661 to €81,996
- Financial income +€17,327
up €17,327 (+257%), from €6,748 to €24,075
- Other operating charges +€2,517
up €2,517 (+50.4%), from €4,995 to €7,513
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 | €3,490,674 | €2,874,076 | -€616,599 | -17.7% |
| Fixed assets | 21/28 | €918,532 | €898,950 | -€19,581 | -2.1% |
| Intangible fixed assets | 21 | €3 | - | -€3 | |
| Tangible fixed assets | 22/27 | €833,529 | €813,950 | -€19,578 | -2.3% |
| Land and buildings | 22 | €833,529 | €813,950 | -€19,578 | -2.3% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €2,572,143 | €1,975,125 | -€597,017 | -23.2% |
| Amounts receivable within one year | 40/41 | €1,913,202 | €1,317,769 | -€595,433 | -31.1% |
| Trade receivables | 40 | €4,115 | - | -€4,115 | |
| Other amounts receivable | 41 | €1,909,087 | €1,317,769 | -€591,318 | -31.0% |
| Current investments | 50/53 | €641,365 | €641,365 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,715 | €14,609 | +€12,895 | +752% |
| Deferred charges and accrued income | 490/1 | €15,861 | €1,382 | -€14,479 | -91.3% |
| Total equity and liabilities | 10/49 | €3,490,674 | €2,874,076 | -€616,599 | -17.7% |
| Equity | 10/15 | €929,948 | €1,036,776 | +€106,828 | +11.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,052 | -€63,224 | +€106,828 | +62.8% |
| Amounts payable | 17/49 | €2,560,726 | €1,837,299 | -€723,426 | -28.3% |
| Amounts payable within one year | 42/48 | €2,560,726 | €1,836,281 | -€724,445 | -28.3% |
| Trade debts | 44 | €11,702 | €11,222 | -€480 | -4.1% |
| Suppliers | 440/4 | €11,702 | €11,222 | -€480 | -4.1% |
| Taxes, remuneration and social security | 45 | €6,775 | €6,767 | -€8 | -0.1% |
| Taxes | 450/3 | €6,775 | €6,767 | -€8 | -0.1% |
| Other amounts payable | 47/48 | €2,542,249 | €1,818,291 | -€723,957 | -28.5% |
| Accrued charges and deferred income | 492/3 | - | €1,019 | +€1,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,578 | €19,578 | = | 0.0% |
| Other operating charges | 640/8 | €4,995 | €7,513 | +€2,517 | +50.4% |
| Non-recurring operating charges | 66A | €307,638 | - | -€307,638 | |
| Gross operating margin | 9900 | €135,965 | €191,840 | +€55,875 | +41.1% |
| Operating profit (loss) | 9901 | -€196,247 | €164,749 | +€360,996 | |
| Financial income | 75/76B | €6,748 | €24,075 | +€17,327 | +257% |
| Recurring financial income | 75 | €6,748 | €24,075 | +€17,327 | +257% |
| Financial charges | 65/66B | €104,661 | €81,996 | -€22,665 | -21.7% |
| Recurring financial charges | 65 | €104,661 | €81,996 | -€22,665 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€294,160 | €106,828 | +€400,988 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€294,160 | €106,828 | +€400,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€294,160 | €106,828 | +€400,988 |
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 31 October 2026 via checked.be.