CHALLENGE: 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.
What changed
CHALLENGE
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€81,589
2024 · €31,329+€50,260
Equity
€936,760
2024 · €1.0m-€88,411
Cash
€229,286
2024 · €186,628+€42,658
Balance sheet total
€5.8m
2024 · €6.0m-€174,802
Largest movements
Assets
- Receivables within one year -€170,182
down €170,182 (-19.9%), from €856,710 to €686,529
of which Other amounts receivable: -€177,466
- Tangible fixed assets -€163,144
down €163,144 (-5.1%), from €3.2m to €3.1m
of which Land and buildings: -€189,986
- Receivables after one year +€120,000
up €120,000 (+6.9%), from €1.7m to €1.9m
Equity and liabilities
- Debts after one year -€198,768
down €198,768 (-4.4%), from €4.5m to €4.3m
of which Financial debts: -€219,142
- Other debts +€175,500
up €175,500 (+17968.3%), from €977 to €176,477
- Reserves -€85,272
down €85,272 (-12.2%), from €701,507 to €616,235
of which Tax-exempt reserves: -€85,272
Income statement
- Gross operating margin +€61,166
up €61,166 (+12.7%), from €482,252 to €543,418
- Taxes +€30,483
up €30,483 (+356.7%), from €8,547 to €39,030
- Other operating charges -€17,372
down €17,372 (-26.3%), from €65,988 to €48,617
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.
Result 2024
€31,329
Gross operating margin
+€61,166
Depreciation
-€2,796
Other operating charges
+€17,372
Financial income
+€104
Financial charges
+€4,898
Taxes
-€30,483
Result 2025
€81,589
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.
From operations
+€562,194
Investment
-€155,069
Financing
-€364,467
Cash 2024
€186,628
From operations (derived)
+€562,194
Net result for the year
+€81,589
Depreciation
+€318,213
Receivables after one year
-€120,000
Receivables within one year
+€170,182
Deferred charges and accrued income
+€4,134
Provisions
-€38,415
Trade debts
-€30,259
Tax, wage and social debts
-€272
Other debts
+€175,500
Accrued charges and deferred income
+€1,522
Investment (derived)
-€155,069
Investment in fixed assets (net)
-€155,069
Financing
-€364,467
Debts after one year
-€198,768
Current portion of long-term debt
+€4,301
Contributions, distributions and other
-€170,000
Cash 2025
€229,286
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,016,862 | €5,842,060 | -€174,802 | -2.9% |
| Fixed assets | 21/28 | €3,216,933 | €3,053,789 | -€163,144 | -5.1% |
| Tangible fixed assets | 22/27 | €3,216,933 | €3,053,789 | -€163,144 | -5.1% |
| Land and buildings | 22 | €3,206,256 | €3,016,270 | -€189,986 | -5.9% |
| Plant, machinery and equipment | 23 | €10,677 | €26,074 | +€15,397 | +144.2% |
| Furniture and vehicles | 24 | - | €11,445 | +€11,445 | |
| Current assets | 29/58 | €2,799,929 | €2,788,272 | -€11,657 | -0.4% |
| Amounts receivable after more than one year | 29 | €1,749,130 | €1,869,130 | +€120,000 | +6.9% |
| Other amounts receivable | 291 | €1,749,130 | €1,869,130 | +€120,000 | +6.9% |
| Amounts receivable within one year | 40/41 | €856,710 | €686,529 | -€170,182 | -19.9% |
| Trade receivables | 40 | €1,832 | €9,116 | +€7,285 | +397.7% |
| Other amounts receivable | 41 | €854,879 | €677,412 | -€177,466 | -20.8% |
| Cash at bank and in hand | 54/58 | €186,628 | €229,286 | +€42,658 | +22.9% |
| Deferred charges and accrued income | 490/1 | €7,460 | €3,327 | -€4,134 | -55.4% |
| Total equity and liabilities | 10/49 | €6,016,862 | €5,842,060 | -€174,802 | -2.9% |
| Equity | 10/15 | €1,025,171 | €936,760 | -€88,411 | -8.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €701,507 | €616,235 | -€85,272 | -12.2% |
| Non-distributable reserves | 130/1 | €7,002 | €7,002 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €502 | €502 | = | 0.0% |
| Tax-exempt reserves | 132 | €591,185 | €505,913 | -€85,272 | -14.4% |
| Distributable reserves | 133 | €103,320 | €103,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,164 | €259,025 | -€3,139 | -1.2% |
| Provisions and deferred taxes | 16 | €259,806 | €221,392 | -€38,415 | -14.8% |
| Deferred taxes | 168 | €259,806 | €221,392 | -€38,415 | -14.8% |
| Amounts payable | 17/49 | €4,731,885 | €4,683,909 | -€47,975 | -1.0% |
| Amounts payable after more than one year | 17 | €4,483,350 | €4,284,582 | -€198,768 | -4.4% |
| Financial debts | 170/4 | €4,378,459 | €4,159,317 | -€219,142 | -5.0% |
| Other amounts payable | 178/9 | €104,891 | €125,265 | +€20,374 | +19.4% |
| Amounts payable within one year | 42/48 | €248,534 | €397,805 | +€149,271 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €214,835 | €219,137 | +€4,301 | +2.0% |
| Trade debts | 44 | €31,831 | €1,572 | -€30,259 | -95.1% |
| Suppliers | 440/4 | €31,831 | €1,572 | -€30,259 | -95.1% |
| Taxes, remuneration and social security | 45 | €891 | €620 | -€272 | -30.5% |
| Taxes | 450/3 | €891 | €620 | -€272 | -30.5% |
| Other amounts payable | 47/48 | €977 | €176,477 | +€175,500 | +17968.3% |
| Accrued charges and deferred income | 492/3 | - | €1,522 | +€1,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,417 | €318,213 | +€2,796 | +0.9% |
| Other operating charges | 640/8 | €65,988 | €48,617 | -€17,372 | -26.3% |
| Gross operating margin | 9900 | €482,252 | €543,418 | +€61,166 | +12.7% |
| Operating profit (loss) | 9901 | €100,847 | €176,588 | +€75,741 | +75.1% |
| Financial income | 75/76B | €1,237 | €1,340 | +€104 | +8.4% |
| Recurring financial income | 75 | €1,237 | €1,340 | +€104 | +8.4% |
| Financial charges | 65/66B | €100,623 | €95,725 | -€4,898 | -4.9% |
| Recurring financial charges | 65 | €100,623 | €95,725 | -€4,898 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €1,461 | €82,204 | +€80,743 | +5526.1% |
| Transfer from deferred taxes | 780 | €38,415 | €38,415 | = | 0.0% |
| Income taxes | 67/77 | €8,547 | €39,030 | +€30,483 | +356.7% |
| Profit (loss) for the period | 9904 | €31,329 | €81,589 | +€50,260 | +160.4% |
| Transfer from tax-exempt reserves | 789 | €85,272 | €85,272 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,601 | €166,861 | +€50,260 | +43.1% |
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 5 October 2026 via checked.be.