CHECKMATE: 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.
CHECKMATE
Largest movements
- Receivables within one year -€128,041
down €128,041 (-83.1%), from €154,129 to €26,088
of which Trade receivables: -€127,690
- Cash +€66,346
up €66,346 (+154.6%), from €42,910 to €109,255
mainly Receivables within one year (+€128,041) and Tax, wage and social debts (+€18,153)
- Tangible fixed assets -€6,966
down €6,966 (-7.0%), from €98,844 to €91,878
of which Furniture and vehicles: -€3,993
- Trade debts -€59,099
down €59,099 (-86.2%), from €68,596 to €9,498
- Other debts -€19,129
down €19,129 (-63.5%), from €30,128 to €10,999
- Tax, wage and social debts +€18,153
up €18,153 (+323.7%), from €5,608 to €23,761
of which Taxes: +€20,438
- Debts after one year -€3,213
down €3,213 (-5.7%), from €55,934 to €52,721
- Financial charges -€14,638
down €14,638 (-82.0%), from €17,852 to €3,213
- Taxes +€3,005
up €3,005 (+91.0%), from €3,304 to €6,309
- Depreciation -€2,326
down €2,326 (-19.9%), from €11,686 to €9,360
- Other operating charges +€1,628
up €1,628 (+48.3%), from €3,367 to €4,995
- Gross operating margin +€933
up €933 (+4.5%), from €20,546 to €21,479
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 | €298,641 | €231,661 | -€66,980 | -22.4% |
| Fixed assets | 21/28 | €98,844 | €93,272 | -€5,572 | -5.6% |
| Intangible fixed assets | 21 | - | €1,395 | +€1,395 | |
| Tangible fixed assets | 22/27 | €98,844 | €91,878 | -€6,966 | -7.0% |
| Land and buildings | 22 | €78,241 | €75,835 | -€2,407 | -3.1% |
| Plant, machinery and equipment | 23 | €990 | €424 | -€567 | -57.2% |
| Furniture and vehicles | 24 | €19,612 | €15,619 | -€3,993 | -20.4% |
| Current assets | 29/58 | €199,797 | €138,389 | -€61,408 | -30.7% |
| Amounts receivable within one year | 40/41 | €154,129 | €26,088 | -€128,041 | -83.1% |
| Trade receivables | 40 | €152,687 | €24,997 | -€127,690 | -83.6% |
| Other amounts receivable | 41 | €1,442 | €1,091 | -€351 | -24.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,910 | €109,255 | +€66,346 | +154.6% |
| Deferred charges and accrued income | 490/1 | €2,758 | €3,045 | +€287 | +10.4% |
| Total equity and liabilities | 10/49 | €298,641 | €231,661 | -€66,980 | -22.4% |
| Equity | 10/15 | €132,449 | €130,209 | -€2,239 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,511 | €172,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €172,511 | €172,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,662 | -€60,902 | -€2,239 | -3.8% |
| Amounts payable | 17/49 | €166,193 | €101,452 | -€64,740 | -39.0% |
| Amounts payable after more than one year | 17 | €55,934 | €52,721 | -€3,213 | -5.7% |
| Financial debts | 170/4 | €55,934 | €52,721 | -€3,213 | -5.7% |
| Amounts payable within one year | 42/48 | €110,259 | €48,731 | -€61,528 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €3,160 | €3,213 | +€53 | +1.7% |
| Financial debts | 43 | €2,766 | €1,261 | -€1,505 | -54.4% |
| Credit institutions | 430/8 | €2,766 | €1,261 | -€1,505 | -54.4% |
| Trade debts | 44 | €68,596 | €9,498 | -€59,099 | -86.2% |
| Suppliers | 440/4 | €68,596 | €9,498 | -€59,099 | -86.2% |
| Taxes, remuneration and social security | 45 | €5,608 | €23,761 | +€18,153 | +323.7% |
| Taxes | 450/3 | €3,323 | €23,761 | +€20,438 | +615.1% |
| Remuneration and social security | 454/9 | €2,285 | €0 | -€2,285 | -100.0% |
| Other amounts payable | 47/48 | €30,128 | €10,999 | -€19,129 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,686 | €9,360 | -€2,326 | -19.9% |
| Other operating charges | 640/8 | €3,367 | €4,995 | +€1,628 | +48.3% |
| Gross operating margin | 9900 | €20,546 | €21,479 | +€933 | +4.5% |
| Operating profit (loss) | 9901 | €5,493 | €7,124 | +€1,631 | +29.7% |
| Financial income | 75/76B | €124 | €159 | +€36 | +28.9% |
| Recurring financial income | 75 | €124 | €159 | +€36 | +28.9% |
| Financial charges | 65/66B | €17,852 | €3,213 | -€14,638 | -82.0% |
| Recurring financial charges | 65 | €17,852 | €3,213 | -€14,638 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,235 | €4,070 | +€16,305 | |
| Income taxes | 67/77 | €3,304 | €6,309 | +€3,005 | +91.0% |
| Profit (loss) for the period | 9904 | -€15,540 | -€2,239 | +€13,300 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,540 | -€2,239 | +€13,300 | +85.6% |
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 6 October 2026 via checked.be.