BusinessFocus Plus: what changed
BusinessFocus Plus
Largest movements
- Tangible fixed assets +€350,138
up €350,138 (+2,136%), from €16,390 to €366,528
of which Assets under construction and advance payments: +€285,834
- Current investments -€290,000
down €290,000 (-72.1%), from €402,406 to €112,406
- Receivables within one year +€224,290
up €224,290 (+857%), from €26,177 to €250,467
of which Trade receivables: +€203,443
- Cash -€9,786
down €9,786 (-47.5%), from €20,614 to €10,829
mainly Investment in fixed assets (net) (-€368,544) and Receivables within one year (-€224,290)
- Debts after one year +€191,122
new in 2025: €191,122
- Trade debts +€154,189
up €154,189 (+557%), from €27,673 to €181,862
- Reserves -€70,863
down €70,863 (-17.2%), from €413,078 to €342,215
of which Distributable reserves: -€70,863
- Tax, wage and social debts -€10,184
down €10,184 (-85.5%), from €11,913 to €1,729
of which Taxes: -€10,184
- Current portion of long-term debt +€8,878
new in 2025: €8,878
- Gross operating margin -€125,114
down €125,114, from €78,281 to -€46,832
- Taxes -€20,450
down €20,450 (-96.3%), from €21,227 to €777
- Depreciation +€9,547
up €9,547 (+108%), from €8,859 to €18,406
- Financial charges +€6,152
up €6,152 (+1,371%), from €449 to €6,600
- Other operating charges +€1,269
up €1,269 (+283%), from €448 to €1,717
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 | €471,726 | €746,036 | +€274,310 | +58.2% |
| Fixed assets | 21/28 | €16,390 | €366,528 | +€350,138 | +2,136% |
| Tangible fixed assets | 22/27 | €16,390 | €366,528 | +€350,138 | +2,136% |
| Land and buildings | 22 | - | €69,625 | +€69,625 | |
| Plant, machinery and equipment | 23 | €3,221 | €6,255 | +€3,034 | +94.2% |
| Furniture and vehicles | 24 | €13,169 | €4,814 | -€8,355 | -63.4% |
| Assets under construction and advance payments | 27 | - | €285,834 | +€285,834 | |
| Current assets | 29/58 | €455,336 | €379,508 | -€75,827 | -16.7% |
| Amounts receivable within one year | 40/41 | €26,177 | €250,467 | +€224,290 | +857% |
| Trade receivables | 40 | €22,946 | €226,389 | +€203,443 | +887% |
| Other amounts receivable | 41 | €3,231 | €24,078 | +€20,847 | +645% |
| Current investments | 50/53 | €402,406 | €112,406 | -€290,000 | -72.1% |
| Cash at bank and in hand | 54/58 | €20,614 | €10,829 | -€9,786 | -47.5% |
| Deferred charges and accrued income | 490/1 | €6,138 | €5,807 | -€331 | -5.4% |
| Total equity and liabilities | 10/49 | €471,726 | €746,036 | +€274,310 | +58.2% |
| Equity | 10/15 | €431,628 | €360,765 | -€70,863 | -16.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €413,078 | €342,215 | -€70,863 | -17.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €413,078 | €342,215 | -€70,863 | -17.2% |
| Amounts payable | 17/49 | €40,098 | €385,271 | +€345,173 | +861% |
| Amounts payable after more than one year | 17 | - | €191,122 | +€191,122 | |
| Financial debts | 170/4 | - | €191,122 | +€191,122 | |
| Amounts payable within one year | 42/48 | €40,098 | €194,150 | +€154,051 | +384% |
| Current portion of amounts payable after more than one year | 42 | - | €8,878 | +€8,878 | |
| Trade debts | 44 | €27,673 | €181,862 | +€154,189 | +557% |
| Suppliers | 440/4 | €27,673 | €181,862 | +€154,189 | +557% |
| Taxes, remuneration and social security | 45 | €11,913 | €1,729 | -€10,184 | -85.5% |
| Taxes | 450/3 | €11,913 | €1,729 | -€10,184 | -85.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €512 | €1,680 | +€1,168 | +228% |
| Non-recurring operating income | 76A | €309 | €0 | -€309 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,859 | €18,406 | +€9,547 | +108% |
| Other operating charges | 640/8 | €448 | €1,717 | +€1,269 | +283% |
| Gross operating margin | 9900 | €78,281 | -€46,832 | -€125,114 | |
| Operating profit (loss) | 9901 | €68,974 | -€66,955 | -€135,929 | |
| Financial income | 75/76B | €4,250 | €3,470 | -€780 | -18.4% |
| Recurring financial income | 75 | €4,250 | €3,470 | -€780 | -18.4% |
| Financial charges | 65/66B | €449 | €6,600 | +€6,152 | +1,371% |
| Recurring financial charges | 65 | €449 | €6,600 | +€6,152 | +1,371% |
| Profit (loss) for the period before taxes | 9903 | €72,775 | -€70,086 | -€142,861 | |
| Income taxes | 67/77 | €21,227 | €777 | -€20,450 | -96.3% |
| Profit (loss) for the period | 9904 | €51,548 | -€70,863 | -€122,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,548 | -€70,863 | -€122,411 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.