Codelines: 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.
Codelines
Largest movements
- Receivables within one year +€22,235
up €22,235 (+22.6%), from €98,343 to €120,579
of which Trade receivables: +€21,527
- Stocks and contracts +€14,281
up €14,281 (+469.0%), from €3,045 to €17,326
- Cash -€6,376
down €6,376 (-100.0%), from €6,376 to €0
mainly Receivables within one year (-€22,235) and Stocks and contracts (-€14,281)
- Deferred charges and accrued income -€5,128
down €5,128 (-50.2%), from €10,225 to €5,097
- Trade debts +€15,128
up €15,128 (+266.8%), from €5,671 to €20,799
- Reserves +€13,864
up €13,864 (+146.6%), from €9,458 to €23,321
of which Distributable reserves: +€13,864
- Other debts -€8,826
down €8,826 (-19.7%), from €44,795 to €35,969
- Tax, wage and social debts +€5,735
up €5,735 (+11.2%), from €51,363 to €57,098
of which Taxes: +€7,427
- Current portion of long-term debt -€4,388
down €4,388 (-77.4%), from €5,668 to €1,280
- Staff costs -€18,108
down €18,108 (-9.5%), from €190,514 to €172,407
- Write-downs +€4,810
new in 2025: €4,810
- Taxes +€3,853
up €3,853 (+136.3%), from €2,827 to €6,680
- Gross operating margin +€3,183
up €3,183 (+1.6%), from €199,095 to €202,279
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 | €122,792 | €146,292 | +€23,500 | +19.1% |
| Fixed assets | 21/28 | €4,802 | €3,290 | -€1,512 | -31.5% |
| Intangible fixed assets | 21 | €835 | €60 | -€775 | -92.9% |
| Tangible fixed assets | 22/27 | €3,968 | €3,231 | -€737 | -18.6% |
| Furniture and vehicles | 24 | €3,968 | €3,231 | -€737 | -18.6% |
| Current assets | 29/58 | €117,990 | €143,001 | +€25,012 | +21.2% |
| Stocks and contracts in progress | 3 | €3,045 | €17,326 | +€14,281 | +469.0% |
| Contracts in progress | 37 | €3,045 | €17,326 | +€14,281 | +469.0% |
| Amounts receivable within one year | 40/41 | €98,343 | €120,579 | +€22,235 | +22.6% |
| Trade receivables | 40 | €98,073 | €119,600 | +€21,527 | +21.9% |
| Other amounts receivable | 41 | €270 | €979 | +€708 | +262.3% |
| Cash at bank and in hand | 54/58 | €6,376 | €0 | -€6,376 | -100.0% |
| Deferred charges and accrued income | 490/1 | €10,225 | €5,097 | -€5,128 | -50.2% |
| Total equity and liabilities | 10/49 | €122,792 | €146,292 | +€23,500 | +19.1% |
| Equity | 10/15 | €15,294 | €29,158 | +€13,864 | +90.6% |
| Contributions | 10/11 | €5,837 | €5,837 | = | 0.0% |
| Reserves | 13 | €9,458 | €23,321 | +€13,864 | +146.6% |
| Non-distributable reserves | 130/1 | €1,457 | €1,457 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,457 | €1,457 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €21,864 | +€13,864 | +173.3% |
| Amounts payable | 17/49 | €107,498 | €117,134 | +€9,636 | +9.0% |
| Amounts payable within one year | 42/48 | €107,498 | €116,831 | +€9,334 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €5,668 | €1,280 | -€4,388 | -77.4% |
| Financial debts | 43 | - | €1,685 | +€1,685 | |
| Credit institutions | 430/8 | - | €1,685 | +€1,685 | |
| Trade debts | 44 | €5,671 | €20,799 | +€15,128 | +266.8% |
| Suppliers | 440/4 | €5,671 | €20,799 | +€15,128 | +266.8% |
| Taxes, remuneration and social security | 45 | €51,363 | €57,098 | +€5,735 | +11.2% |
| Taxes | 450/3 | €14,723 | €22,150 | +€7,427 | +50.4% |
| Remuneration and social security | 454/9 | €36,641 | €34,948 | -€1,693 | -4.6% |
| Other amounts payable | 47/48 | €44,795 | €35,969 | -€8,826 | -19.7% |
| Accrued charges and deferred income | 492/3 | - | €303 | +€303 | |
| Non-recurring operating income | 76A | €5,048 | €0 | -€5,048 | -100.0% |
| Remuneration, social security and pensions | 62 | €190,514 | €172,407 | -€18,108 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,759 | €2,792 | +€33 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,810 | +€4,810 | |
| Other operating charges | 640/8 | €207 | €495 | +€288 | +139.5% |
| Gross operating margin | 9900 | €199,095 | €202,279 | +€3,183 | +1.6% |
| Operating profit (loss) | 9901 | €5,616 | €21,775 | +€16,159 | +287.7% |
| Financial income | 75/76B | €0 | €95 | +€95 | +41095.7% |
| Recurring financial income | 75 | €0 | €95 | +€95 | +41095.7% |
| Financial charges | 65/66B | €1,728 | €1,326 | -€403 | -23.3% |
| Recurring financial charges | 65 | €1,728 | €1,326 | -€403 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €3,887 | €20,544 | +€16,656 | +428.5% |
| Income taxes | 67/77 | €2,827 | €6,680 | +€3,853 | +136.3% |
| Profit (loss) for the period | 9904 | €1,060 | €13,864 | +€12,803 | +1207.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,060 | €13,864 | +€12,803 | +1207.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.