CMD+D: 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.
CMD+D
Largest movements
- Cash +€29,293
up €29,293 (+134.1%), from €21,850 to €51,143
mainly Net result for the year (+€38,973) and Depreciation (+€22,371)
- Tangible fixed assets -€17,164
down €17,164 (-20.4%), from €84,190 to €67,026
of which Furniture and vehicles: -€16,540
- Receivables within one year +€9,014
up €9,014 (+55.2%), from €16,336 to €25,350
of which Other amounts receivable: +€6,659
- Reserves +€38,140
up €38,140 (+97.8%), from €39,005 to €77,145
- Debts after one year -€18,400
down €18,400 (-33.3%), from €55,200 to €36,800
- Trade debts +€1,948
up €1,948 (+164.9%), from €1,182 to €3,130
- Gross operating margin -€3,035
down €3,035 (-3.8%), from €79,183 to €76,148
- Depreciation -€878
down €878 (-3.8%), from €23,249 to €22,371
- Financial charges -€840
down €840 (-25.7%), from €3,265 to €2,425
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 | €122,451 | €143,809 | +€21,358 | +17.4% |
| Fixed assets | 21/28 | €84,190 | €67,026 | -€17,164 | -20.4% |
| Tangible fixed assets | 22/27 | €84,190 | €67,026 | -€17,164 | -20.4% |
| Plant, machinery and equipment | 23 | €2,937 | €2,313 | -€624 | -21.2% |
| Furniture and vehicles | 24 | €81,253 | €64,713 | -€16,540 | -20.4% |
| Current assets | 29/58 | €38,260 | €76,783 | +€38,522 | +100.7% |
| Amounts receivable within one year | 40/41 | €16,336 | €25,350 | +€9,014 | +55.2% |
| Trade receivables | 40 | €14,246 | €16,601 | +€2,355 | +16.5% |
| Other amounts receivable | 41 | €2,090 | €8,749 | +€6,659 | +318.7% |
| Cash at bank and in hand | 54/58 | €21,850 | €51,143 | +€29,293 | +134.1% |
| Deferred charges and accrued income | 490/1 | €75 | €290 | +€215 | +289.1% |
| Total equity and liabilities | 10/49 | €122,451 | €143,809 | +€21,358 | +17.4% |
| Equity | 10/15 | €40,205 | €78,345 | +€38,140 | +94.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €39,005 | €77,145 | +€38,140 | +97.8% |
| Distributable reserves | 133 | €39,005 | €77,145 | +€38,140 | +97.8% |
| Amounts payable | 17/49 | €82,246 | €65,464 | -€16,782 | -20.4% |
| Amounts payable after more than one year | 17 | €55,200 | €36,800 | -€18,400 | -33.3% |
| Financial debts | 170/4 | €55,200 | €36,800 | -€18,400 | -33.3% |
| Amounts payable within one year | 42/48 | €25,171 | €26,764 | +€1,593 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €18,400 | €18,400 | = | 0.0% |
| Trade debts | 44 | €1,182 | €3,130 | +€1,948 | +164.9% |
| Suppliers | 440/4 | €1,182 | €3,130 | +€1,948 | +164.9% |
| Taxes, remuneration and social security | 45 | €4,789 | €4,401 | -€388 | -8.1% |
| Taxes | 450/3 | €4,789 | €4,401 | -€388 | -8.1% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Accrued charges and deferred income | 492/3 | €1,875 | €1,900 | +€25 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,249 | €22,371 | -€878 | -3.8% |
| Other operating charges | 640/8 | €835 | €1,017 | +€181 | +21.7% |
| Gross operating margin | 9900 | €79,183 | €76,148 | -€3,035 | -3.8% |
| Operating profit (loss) | 9901 | €55,099 | €52,760 | -€2,338 | -4.2% |
| Financial income | 75/76B | €75 | €279 | +€205 | +274.5% |
| Recurring financial income | 75 | €75 | €279 | +€205 | +274.5% |
| Financial charges | 65/66B | €3,265 | €2,425 | -€840 | -25.7% |
| Recurring financial charges | 65 | €3,265 | €2,425 | -€840 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €51,908 | €50,614 | -€1,294 | -2.5% |
| Income taxes | 67/77 | €12,103 | €11,642 | -€462 | -3.8% |
| Profit (loss) for the period | 9904 | €39,805 | €38,973 | -€832 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,805 | €38,973 | -€832 | -2.1% |
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 7 October 2026 via checked.be.