CLOSE TO: 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.
CLOSE TO
Largest movements
- Cash +€41,116
up €41,116 (+43.1%), from €95,303 to €136,420
mainly Net result for the year (+€60,505) and Other debts (+€53,427)
- Receivables within one year +€37,786
up €37,786 (+38.4%), from €98,316 to €136,102
of which Trade receivables: +€23,235
- Other debts +€53,427
new in 2025: €53,427
- Tax, wage and social debts +€19,408
up €19,408 (+265.5%), from €7,310 to €26,719
- Reserves +€7,078
up €7,078 (+4.5%), from €158,669 to €165,746
- Trade debts -€3,662
down €3,662 (-30.0%), from €12,194 to €8,532
- Other operating charges -€14,736
down €14,736 (-71.7%), from €20,553 to €5,817
- Taxes +€7,618
up €7,618 (+32.5%), from €23,470 to €31,088
- Gross operating margin +€3,291
up €3,291 (+3.6%), from €92,278 to €95,569
- Financial income +€1,742
up €1,742 (+54.1%), from €3,220 to €4,962
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 | €197,956 | €275,463 | +€77,507 | +39.2% |
| Fixed assets | 21/28 | €4,131 | €2,460 | -€1,671 | -40.5% |
| Tangible fixed assets | 22/27 | €4,131 | €2,460 | -€1,671 | -40.5% |
| Furniture and vehicles | 24 | €4,131 | €2,460 | -€1,671 | -40.5% |
| Current assets | 29/58 | €193,825 | €273,004 | +€79,178 | +40.9% |
| Amounts receivable within one year | 40/41 | €98,316 | €136,102 | +€37,786 | +38.4% |
| Trade receivables | 40 | €24,291 | €47,525 | +€23,235 | +95.7% |
| Other amounts receivable | 41 | €74,025 | €88,576 | +€14,551 | +19.7% |
| Cash at bank and in hand | 54/58 | €95,303 | €136,420 | +€41,116 | +43.1% |
| Deferred charges and accrued income | 490/1 | €206 | €482 | +€276 | +134.1% |
| Total equity and liabilities | 10/49 | €197,956 | €275,463 | +€77,507 | +39.2% |
| Equity | 10/15 | €177,219 | €184,296 | +€7,078 | +4.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €158,669 | €165,746 | +€7,078 | +4.5% |
| Distributable reserves | 133 | €158,669 | €165,746 | +€7,078 | +4.5% |
| Amounts payable | 17/49 | €20,737 | €91,167 | +€70,430 | +339.6% |
| Amounts payable within one year | 42/48 | €20,350 | €90,767 | +€70,417 | +346.0% |
| Financial debts | 43 | €846 | €2,089 | +€1,243 | +147.0% |
| Credit institutions | 430/8 | €846 | €2,089 | +€1,243 | +147.0% |
| Trade debts | 44 | €12,194 | €8,532 | -€3,662 | -30.0% |
| Suppliers | 440/4 | €12,194 | €8,532 | -€3,662 | -30.0% |
| Taxes, remuneration and social security | 45 | €7,310 | €26,719 | +€19,408 | +265.5% |
| Taxes | 450/3 | €7,310 | €26,719 | +€19,408 | +265.5% |
| Other amounts payable | 47/48 | - | €53,427 | +€53,427 | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,420 | €2,766 | -€654 | -19.1% |
| Other operating charges | 640/8 | €20,553 | €5,817 | -€14,736 | -71.7% |
| Gross operating margin | 9900 | €92,278 | €95,569 | +€3,291 | +3.6% |
| Operating profit (loss) | 9901 | €68,305 | €86,986 | +€18,681 | +27.3% |
| Financial income | 75/76B | €3,220 | €4,962 | +€1,742 | +54.1% |
| Recurring financial income | 75 | €3,220 | €4,962 | +€1,742 | +54.1% |
| Financial charges | 65/66B | €619 | €355 | -€264 | -42.6% |
| Recurring financial charges | 65 | €619 | €355 | -€264 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €70,906 | €91,593 | +€20,687 | +29.2% |
| Income taxes | 67/77 | €23,470 | €31,088 | +€7,618 | +32.5% |
| Profit (loss) for the period | 9904 | €47,436 | €60,505 | +€13,069 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,436 | €60,505 | +€13,069 | +27.6% |
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 30 September 2026 via checked.be.