CLOSER CONCEPTION: 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.
CLOSER CONCEPTION
Largest movements
- Receivables within one year +€65,798
up €65,798 (+611.6%), from €10,758 to €76,556
of which Trade receivables: +€53,556
- Financial fixed assets -€57,377
down €57,377 (-58.1%), from €98,792 to €41,415
- Tangible fixed assets +€32,407
up €32,407 (+209.7%), from €15,457 to €47,864
of which Furniture and vehicles: +€26,436
- Deferred charges and accrued income -€10,671
down €10,671 (-82.0%), from €13,006 to €2,335
- Cash +€6,055
up €6,055 (+4881.3%), from €124 to €6,179
mainly Net result for the year (+€19,436) and Current portion of long-term debt (+€17,814)
- Profit (loss) carried forward +€19,436
up €19,436 (+24.4%), from €79,695 to €99,131
- Current portion of long-term debt +€17,814
up €17,814, from €0 to €17,814
- Short-term financial debts -€3,412
no longer reported in 2025 (was €3,412)
- Trade debts +€1,997
up €1,997 (+101.9%), from €1,959 to €3,957
- Gross operating margin +€26,087
up €26,087 (+188.1%), from €13,868 to €39,955
- Financial income -€3,674
down €3,674 (-45.9%), from €8,006 to €4,332
- Depreciation +€3,320
up €3,320 (+32.1%), from €10,340 to €13,660
- Taxes +€1,538
up €1,538 (+29.6%), from €5,200 to €6,738
- Other operating charges +€840
up €840 (+52.3%), from €1,607 to €2,447
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 | €138,137 | €174,349 | +€36,212 | +26.2% |
| Fixed assets | 21/28 | €114,248 | €89,279 | -€24,970 | -21.9% |
| Tangible fixed assets | 22/27 | €15,457 | €47,864 | +€32,407 | +209.7% |
| Furniture and vehicles | 24 | €9,155 | €35,590 | +€26,436 | +288.8% |
| Other tangible fixed assets | 26 | €6,302 | €12,273 | +€5,971 | +94.8% |
| Financial fixed assets | 28 | €98,792 | €41,415 | -€57,377 | -58.1% |
| Current assets | 29/58 | €23,889 | €85,071 | +€61,182 | +256.1% |
| Amounts receivable within one year | 40/41 | €10,758 | €76,556 | +€65,798 | +611.6% |
| Trade receivables | 40 | €3,781 | €57,336 | +€53,556 | +1416.6% |
| Other amounts receivable | 41 | €6,978 | €19,220 | +€12,242 | +175.4% |
| Cash at bank and in hand | 54/58 | €124 | €6,179 | +€6,055 | +4881.3% |
| Deferred charges and accrued income | 490/1 | €13,006 | €2,335 | -€10,671 | -82.0% |
| Total equity and liabilities | 10/49 | €138,137 | €174,349 | +€36,212 | +26.2% |
| Equity | 10/15 | €100,155 | €119,591 | +€19,436 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,695 | €99,131 | +€19,436 | +24.4% |
| Amounts payable | 17/49 | €37,982 | €54,759 | +€16,777 | +44.2% |
| Amounts payable after more than one year | 17 | €32,610 | €32,988 | +€378 | +1.2% |
| Financial debts | 170/4 | €32,610 | €32,988 | +€378 | +1.2% |
| Amounts payable within one year | 42/48 | €5,372 | €21,770 | +€16,399 | +305.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €17,814 | +€17,814 | |
| Financial debts | 43 | €3,412 | - | -€3,412 | |
| Credit institutions | 430/8 | €3,412 | - | -€3,412 | |
| Trade debts | 44 | €1,959 | €3,957 | +€1,997 | +101.9% |
| Suppliers | 440/4 | €1,959 | €3,957 | +€1,997 | +101.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,340 | €13,660 | +€3,320 | +32.1% |
| Other operating charges | 640/8 | €1,607 | €2,447 | +€840 | +52.3% |
| Gross operating margin | 9900 | €13,868 | €39,955 | +€26,087 | +188.1% |
| Operating profit (loss) | 9901 | €1,921 | €23,849 | +€21,927 | +1141.2% |
| Financial income | 75/76B | €8,006 | €4,332 | -€3,674 | -45.9% |
| Recurring financial income | 75 | €8,006 | €4,332 | -€3,674 | -45.9% |
| Financial charges | 65/66B | €1,901 | €2,007 | +€105 | +5.5% |
| Recurring financial charges | 65 | €1,901 | €2,007 | +€105 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €8,027 | €26,174 | +€18,147 | +226.1% |
| Income taxes | 67/77 | €5,200 | €6,738 | +€1,538 | +29.6% |
| Profit (loss) for the period | 9904 | €2,827 | €19,436 | +€16,609 | +587.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,827 | €19,436 | +€16,609 | +587.6% |
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 1 October 2026 via checked.be.