Circular Financial Advice: 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.
Circular Financial Advice
Largest movements
- Tangible fixed assets -€29,357
down €29,357 (-65.1%), from €45,117 to €15,760
of which Land and buildings: -€33,814
- Receivables within one year -€25,290
down €25,290 (-84.8%), from €29,815 to €4,525
of which Trade receivables: -€28,319
- Cash +€3,733
up €3,733 (+711%), from €525 to €4,258
- Deferred charges and accrued income -€1,713
down €1,713 (-77.8%), from €2,201 to €488
- Debts after one year -€20,400
down €20,400 (-100%), from €20,400 to €0
- Current portion of long-term debt -€19,487
down €19,487 (-86.7%), from €22,487 to €3,000
- Profit (loss) carried forward -€15,549
down €15,549 (-65.6%), from -€23,702 to -€39,251
- Trade debts +€4,048
up €4,048 (+15.5%), from €26,081 to €30,129
- Accrued charges and deferred income -€1,153
down €1,153 (-38.1%), from €3,026 to €1,873
- Gross operating margin +€29,513
up €29,513 (+53.7%), from €54,998 to €84,512
- Other operating charges +€23,578
up €23,578 (+607%), from €3,883 to €27,461
- Staff costs +€19,261
up €19,261 (+172%), from €11,192 to €30,453
- Depreciation -€13,795
down €13,795 (-41.7%), from €33,053 to €19,258
- Taxes -€1,826
down €1,826 (-82.8%), from €2,207 to €380
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,008 | €25,031 | -€52,977 | -67.9% |
| Fixed assets | 21/28 | €45,467 | €15,760 | -€29,707 | -65.3% |
| Tangible fixed assets | 22/27 | €45,117 | €15,760 | -€29,357 | -65.1% |
| Land and buildings | 22 | €41,485 | €7,671 | -€33,814 | -81.5% |
| Plant, machinery and equipment | 23 | €3,215 | €3,711 | +€497 | +15.4% |
| Furniture and vehicles | 24 | €418 | €4,378 | +€3,960 | +949% |
| Financial fixed assets | 28 | €350 | €0 | -€350 | -100% |
| Current assets | 29/58 | €32,541 | €9,272 | -€23,270 | -71.5% |
| Amounts receivable within one year | 40/41 | €29,815 | €4,525 | -€25,290 | -84.8% |
| Trade receivables | 40 | €28,859 | €540 | -€28,319 | -98.1% |
| Other amounts receivable | 41 | €956 | €3,986 | +€3,029 | +317% |
| Cash at bank and in hand | 54/58 | €525 | €4,258 | +€3,733 | +711% |
| Deferred charges and accrued income | 490/1 | €2,201 | €488 | -€1,713 | -77.8% |
| Total equity and liabilities | 10/49 | €78,008 | €25,031 | -€52,977 | -67.9% |
| Equity | 10/15 | €2,335 | -€13,213 | -€15,549 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,438 | €7,438 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,578 | €5,578 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,702 | -€39,251 | -€15,549 | -65.6% |
| Amounts payable | 17/49 | €75,673 | €38,244 | -€37,428 | -49.5% |
| Amounts payable after more than one year | 17 | €20,400 | €0 | -€20,400 | -100% |
| Financial debts | 170/4 | €20,400 | €0 | -€20,400 | -100% |
| Amounts payable within one year | 42/48 | €52,247 | €36,372 | -€15,875 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €22,487 | €3,000 | -€19,487 | -86.7% |
| Trade debts | 44 | €26,081 | €30,129 | +€4,048 | +15.5% |
| Suppliers | 440/4 | €26,081 | €30,129 | +€4,048 | +15.5% |
| Taxes, remuneration and social security | 45 | €3,679 | €3,243 | -€436 | -11.9% |
| Taxes | 450/3 | €2,207 | €1,218 | -€988 | -44.8% |
| Remuneration and social security | 454/9 | €1,473 | €2,025 | +€552 | +37.5% |
| Accrued charges and deferred income | 492/3 | €3,026 | €1,873 | -€1,153 | -38.1% |
| Remuneration, social security and pensions | 62 | €11,192 | €30,453 | +€19,261 | +172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,053 | €19,258 | -€13,795 | -41.7% |
| Other operating charges | 640/8 | €3,883 | €27,461 | +€23,578 | +607% |
| Non-recurring operating charges | 66A | - | €20,260 | +€20,260 | |
| Gross operating margin | 9900 | €54,998 | €84,512 | +€29,513 | +53.7% |
| Operating profit (loss) | 9901 | €6,870 | -€12,920 | -€19,791 | |
| Financial income | 75/76B | €0 | €45 | +€45 | +44,820% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +44,820% |
| Financial charges | 65/66B | €1,934 | €2,293 | +€359 | +18.5% |
| Recurring financial charges | 65 | €1,934 | €2,293 | +€359 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €4,936 | -€15,168 | -€20,104 | |
| Income taxes | 67/77 | €2,207 | €380 | -€1,826 | -82.8% |
| Profit (loss) for the period | 9904 | €2,730 | -€15,549 | -€18,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,730 | -€15,549 | -€18,278 |
Source: filed annual accounts (NBB), financial years ended 31 July 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.