CAPSULE: what changed
Two fiscal 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.
CAPSULE
Largest movements
- Receivables within one year +€24,078
up €24,078 (+131.3%), from €18,340 to €42,418
of which Trade receivables: +€23,972
- Tangible fixed assets +€4,118
up €4,118 (+229.2%), from €1,797 to €5,914
- Cash +€3,069
up €3,069 (+11.3%), from €27,050 to €30,119
mainly Net result for the year (+€11,770) and Tax, wage and social debts (+€9,342)
- Deferred charges and accrued income -€2,353
no longer reported in 2025 (was €2,353)
- Reserves +€11,770
up €11,770 (+95.1%), from €12,375 to €24,146
of which Distributable reserves: +€11,770
- Tax, wage and social debts +€9,342
up €9,342 (+257.4%), from €3,629 to €12,970
of which Taxes: +€6,342
- Other debts +€7,619
up €7,619 (+314.4%), from €2,424 to €10,042
- Gross operating margin +€15,453
up €15,453 (+458.2%), from €3,373 to €18,825
- Taxes +€4,071
up €4,071 (+374.6%), from €1,087 to €5,158
- Financial charges +€415
up €415 (+345.6%), from €120 to €535
- Depreciation +€332
up €332 (+83.0%), from €400 to €732
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 | €49,540 | €78,451 | +€28,912 | +58.4% |
| Fixed assets | 21/28 | €1,797 | €5,914 | +€4,118 | +229.2% |
| Tangible fixed assets | 22/27 | €1,797 | €5,914 | +€4,118 | +229.2% |
| Furniture and vehicles | 24 | €1,797 | €5,914 | +€4,118 | +229.2% |
| Current assets | 29/58 | €47,743 | €72,537 | +€24,794 | +51.9% |
| Amounts receivable within one year | 40/41 | €18,340 | €42,418 | +€24,078 | +131.3% |
| Trade receivables | 40 | €17,426 | €41,398 | +€23,972 | +137.6% |
| Other amounts receivable | 41 | €913 | €1,019 | +€106 | +11.6% |
| Cash at bank and in hand | 54/58 | €27,050 | €30,119 | +€3,069 | +11.3% |
| Deferred charges and accrued income | 490/1 | €2,353 | - | -€2,353 | |
| Total equity and liabilities | 10/49 | €49,540 | €78,451 | +€28,912 | +58.4% |
| Equity | 10/15 | €27,005 | €38,775 | +€11,770 | +43.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,375 | €24,146 | +€11,770 | +95.1% |
| Non-distributable reserves | 130/1 | €598 | €598 | = | 0.0% |
| Reserves not available under the articles | 1311 | €598 | €598 | = | 0.0% |
| Distributable reserves | 133 | €11,777 | €23,547 | +€11,770 | +99.9% |
| Profit (loss) carried forward | 14 | €8,430 | €8,430 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,000 | €16,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,000 | €16,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,535 | €23,676 | +€17,141 | +262.3% |
| Amounts payable within one year | 42/48 | €6,130 | €23,291 | +€17,161 | +280.0% |
| Trade debts | 44 | €78 | €279 | +€201 | +258.4% |
| Suppliers | 440/4 | €78 | €279 | +€201 | +258.4% |
| Taxes, remuneration and social security | 45 | €3,629 | €12,970 | +€9,342 | +257.4% |
| Taxes | 450/3 | €3,629 | €9,970 | +€6,342 | +174.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €2,424 | €10,042 | +€7,619 | +314.4% |
| Accrued charges and deferred income | 492/3 | €405 | €385 | -€20 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €732 | +€332 | +83.0% |
| Other operating charges | 640/8 | €765 | €631 | -€135 | -17.6% |
| Gross operating margin | 9900 | €3,373 | €18,825 | +€15,453 | +458.2% |
| Operating profit (loss) | 9901 | €2,207 | €17,462 | +€15,255 | +691.1% |
| Financial charges | 65/66B | €120 | €535 | +€415 | +345.6% |
| Recurring financial charges | 65 | €120 | €535 | +€415 | +345.6% |
| Profit (loss) for the period before taxes | 9903 | €2,087 | €16,928 | +€14,840 | +711.0% |
| Income taxes | 67/77 | €1,087 | €5,158 | +€4,071 | +374.6% |
| Profit (loss) for the period | 9904 | €1,000 | €11,770 | +€10,770 | +1076.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000 | €11,770 | +€10,770 | +1076.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.