CANCEL: 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.
CANCEL
Largest movements
- Receivables within one year +€83,896
up €83,896 (+18.0%), from €465,833 to €549,729
of which Trade receivables: +€82,620
- Tangible fixed assets -€56,233
down €56,233 (-17.1%), from €329,595 to €273,362
of which Furniture and vehicles: -€36,899
- Cash -€19,048
down €19,048 (-43.0%), from €44,330 to €25,282
mainly Advances received (-€108,190) and Receivables within one year (-€83,896)
- Trade debts +€120,621
up €120,621 (+64.1%), from €188,172 to €308,793
- Advances received -€108,190
down €108,190 (-83.4%), from €129,660 to €21,469
- Debts after one year -€55,412
down €55,412 (-18.3%), from €303,204 to €247,793
of which Financial debts: -€55,412
- Tax, wage and social debts +€50,578
up €50,578 (+92.0%), from €55,004 to €105,581
of which Taxes: +€51,054
- Gross operating margin -€101,140
down €101,140 (-12.6%), from €801,237 to €700,097
- Financial charges -€29,517
down €29,517 (-63.7%), from €46,365 to €16,848
of which Non-recurring financial charges: -€26,987
- Taxes -€22,557
down €22,557 (-76.5%), from €29,490 to €6,933
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 | €1,059,603 | €1,069,993 | +€10,390 | +1.0% |
| Fixed assets | 21/28 | €330,050 | €273,817 | -€56,233 | -17.0% |
| Tangible fixed assets | 22/27 | €329,595 | €273,362 | -€56,233 | -17.1% |
| Plant, machinery and equipment | 23 | €1,405 | €405 | -€1,000 | -71.2% |
| Furniture and vehicles | 24 | €109,539 | €72,640 | -€36,899 | -33.7% |
| Other tangible fixed assets | 26 | €218,650 | €200,316 | -€18,334 | -8.4% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €729,554 | €796,177 | +€66,623 | +9.1% |
| Stocks and contracts in progress | 3 | €219,391 | €221,166 | +€1,775 | +0.8% |
| Stocks | 30/36 | €219,391 | €221,166 | +€1,775 | +0.8% |
| Amounts receivable within one year | 40/41 | €465,833 | €549,729 | +€83,896 | +18.0% |
| Trade receivables | 40 | €465,120 | €547,740 | +€82,620 | +17.8% |
| Other amounts receivable | 41 | €713 | €1,988 | +€1,276 | +179.0% |
| Cash at bank and in hand | 54/58 | €44,330 | €25,282 | -€19,048 | -43.0% |
| Total equity and liabilities | 10/49 | €1,059,603 | €1,069,993 | +€10,390 | +1.0% |
| Equity | 10/15 | €205,155 | €205,945 | +€790 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €105,155 | €105,945 | +€790 | +0.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €95,155 | €95,945 | +€790 | +0.8% |
| Amounts payable | 17/49 | €854,448 | €864,048 | +€9,600 | +1.1% |
| Amounts payable after more than one year | 17 | €303,204 | €247,793 | -€55,412 | -18.3% |
| Financial debts | 170/4 | €203,204 | €147,793 | -€55,412 | -27.3% |
| Advances received on contracts in progress | 176 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €551,244 | €616,255 | +€65,012 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €29,383 | €30,262 | +€879 | +3.0% |
| Financial debts | 43 | €149,025 | €150,150 | +€1,125 | +0.8% |
| Credit institutions | 430/8 | €149,025 | €150,150 | +€1,125 | +0.8% |
| Trade debts | 44 | €188,172 | €308,793 | +€120,621 | +64.1% |
| Suppliers | 440/4 | €188,172 | €308,793 | +€120,621 | +64.1% |
| Advances received on contracts in progress | 46 | €129,660 | €21,469 | -€108,190 | -83.4% |
| Taxes, remuneration and social security | 45 | €55,004 | €105,581 | +€50,578 | +92.0% |
| Taxes | 450/3 | €17,429 | €68,484 | +€51,054 | +292.9% |
| Remuneration and social security | 454/9 | €37,575 | €37,098 | -€477 | -1.3% |
| Non-recurring operating income | 76A | - | €330 | +€330 | |
| Remuneration, social security and pensions | 62 | €607,469 | €614,973 | +€7,505 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,598 | €56,233 | -€1,365 | -2.4% |
| Other operating charges | 640/8 | €5,022 | €4,475 | -€548 | -10.9% |
| Gross operating margin | 9900 | €801,237 | €700,097 | -€101,140 | -12.6% |
| Operating profit (loss) | 9901 | €131,147 | €24,416 | -€106,732 | -81.4% |
| Financial income | 75/76B | €1,776 | €155 | -€1,621 | -91.2% |
| Recurring financial income | 75 | €1,776 | €155 | -€1,621 | -91.2% |
| Financial charges | 65/66B | €46,365 | €16,848 | -€29,517 | -63.7% |
| Recurring financial charges | 65 | €19,379 | €16,848 | -€2,531 | -13.1% |
| Non-recurring financial charges | 66B | €26,987 | - | -€26,987 | |
| Profit (loss) for the period before taxes | 9903 | €86,558 | €7,723 | -€78,835 | -91.1% |
| Income taxes | 67/77 | €29,490 | €6,933 | -€22,557 | -76.5% |
| Profit (loss) for the period | 9904 | €57,068 | €790 | -€56,278 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,068 | €790 | -€56,278 | -98.6% |
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 11 October 2026 via checked.be.