CHAPTER 1: 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.
CHAPTER 1
Largest movements
- Cash -€1,037
down €1,037 (-1.3%), from €79,207 to €78,170
mainly Trade debts (-€1,704) and Investment in fixed assets (net) (-€1,016)
- Trade debts -€1,704
down €1,704 (-40.5%), from €4,203 to €2,499
- Tax, wage and social debts +€1,096
up €1,096 (+8.4%), from €13,007 to €14,103
of which Taxes: +€861
- Depreciation -€3,298
down €3,298 (-78.9%), from €4,180 to €882
- Staff costs +€1,664
up €1,664 (+3.0%), from €55,715 to €57,379
- Gross operating margin -€1,215
down €1,215 (-2.0%), from €62,290 to €61,075
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 | €97,390 | €96,539 | -€851 | -0.9% |
| Fixed assets | 21/28 | €2,263 | €2,397 | +€134 | +5.9% |
| Tangible fixed assets | 22/27 | €2,263 | €2,397 | +€134 | +5.9% |
| Furniture and vehicles | 24 | €2,263 | €2,397 | +€134 | +5.9% |
| Current assets | 29/58 | €95,126 | €94,141 | -€985 | -1.0% |
| Amounts receivable within one year | 40/41 | €15,710 | €15,510 | -€199 | -1.3% |
| Trade receivables | 40 | €10,925 | €12,053 | +€1,128 | +10.3% |
| Other amounts receivable | 41 | €4,785 | €3,457 | -€1,327 | -27.7% |
| Cash at bank and in hand | 54/58 | €79,207 | €78,170 | -€1,037 | -1.3% |
| Deferred charges and accrued income | 490/1 | €210 | €461 | +€251 | +119% |
| Total equity and liabilities | 10/49 | €97,390 | €96,539 | -€851 | -0.9% |
| Equity | 10/15 | €74,996 | €75,245 | +€249 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,396 | €56,645 | +€249 | +0.4% |
| Distributable reserves | 133 | €56,396 | €56,645 | +€249 | +0.4% |
| Amounts payable | 17/49 | €22,394 | €21,294 | -€1,100 | -4.9% |
| Amounts payable after more than one year | 17 | €5,184 | €4,692 | -€491 | -9.5% |
| Other amounts payable | 178/9 | €5,184 | €4,692 | -€491 | -9.5% |
| Amounts payable within one year | 42/48 | €17,210 | €16,602 | -€608 | -3.5% |
| Trade debts | 44 | €4,203 | €2,499 | -€1,704 | -40.5% |
| Suppliers | 440/4 | €4,203 | €2,499 | -€1,704 | -40.5% |
| Taxes, remuneration and social security | 45 | €13,007 | €14,103 | +€1,096 | +8.4% |
| Taxes | 450/3 | €1,480 | €2,341 | +€861 | +58.1% |
| Remuneration and social security | 454/9 | €11,527 | €11,762 | +€235 | +2.0% |
| Remuneration, social security and pensions | 62 | €55,715 | €57,379 | +€1,664 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,180 | €882 | -€3,298 | -78.9% |
| Other operating charges | 640/8 | €977 | €888 | -€89 | -9.1% |
| Gross operating margin | 9900 | €62,290 | €61,075 | -€1,215 | -2.0% |
| Operating profit (loss) | 9901 | €1,418 | €1,927 | +€509 | +35.9% |
| Financial income | 75/76B | €0 | €15 | +€15 | +150,200% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +150,200% |
| Financial charges | 65/66B | €120 | €150 | +€30 | +25.0% |
| Recurring financial charges | 65 | €120 | €150 | +€30 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €1,298 | €1,792 | +€494 | +38.0% |
| Income taxes | 67/77 | €1,215 | €1,543 | +€328 | +27.0% |
| Profit (loss) for the period | 9904 | €83 | €249 | +€166 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €83 | €249 | +€166 | +200% |
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 13 October 2026 via checked.be.