COMMON SENSE APPLICATIONS: 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.
COMMON SENSE APPLICATIONS
Largest movements
- Receivables after one year +€367,198
new in 2025: €367,198
- Receivables within one year +€180,738
up €180,738 (+238%), from €75,916 to €256,654
of which Other amounts receivable: +€147,174
- Financial fixed assets -€89,880
down €89,880 (-30.0%), from €299,600 to €209,720
- Reserves +€396,600
up €396,600 (+208%), from €190,784 to €587,384
of which Distributable reserves: +€396,600
- Tax, wage and social debts +€70,241
up €70,241 (+50,330%), from €140 to €70,380
- Financial income +€342,804
up €342,804 (+81,719%), from €419 to €343,224
of which Non-recurring financial income: +€335,665
- Gross operating margin +€114,598
up €114,598 (+534%), from €21,461 to €136,059
- Taxes +€60,389
up €60,389 (+41,156%), from €147 to €60,535
- Depreciation +€8,342
up €8,342 (+301%), from €2,775 to €11,116
- Financial charges +€2,430
up €2,430 (+29.7%), from €8,183 to €10,613
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.
Derived cash bridge
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 | €517,803 | €976,141 | +€458,338 | +88.5% |
| Fixed assets | 21/28 | €351,421 | €252,677 | -€98,744 | -28.1% |
| Tangible fixed assets | 22/27 | €51,821 | €42,957 | -€8,864 | -17.1% |
| Plant, machinery and equipment | 23 | - | €2,042 | +€2,042 | |
| Furniture and vehicles | 24 | €51,821 | €40,915 | -€10,906 | -21.0% |
| Financial fixed assets | 28 | €299,600 | €209,720 | -€89,880 | -30.0% |
| Current assets | 29/58 | €166,382 | €723,464 | +€557,082 | +335% |
| Amounts receivable after more than one year | 29 | - | €367,198 | +€367,198 | |
| Other amounts receivable | 291 | - | €367,198 | +€367,198 | |
| Stocks and contracts in progress | 3 | €63,103 | €59,007 | -€4,096 | -6.5% |
| Stocks | 30/36 | €63,103 | €59,007 | -€4,096 | -6.5% |
| Amounts receivable within one year | 40/41 | €75,916 | €256,654 | +€180,738 | +238% |
| Trade receivables | 40 | €844 | €34,408 | +€33,564 | +3,977% |
| Other amounts receivable | 41 | €75,072 | €222,246 | +€147,174 | +196% |
| Cash at bank and in hand | 54/58 | €25,593 | €35,303 | +€9,710 | +37.9% |
| Deferred charges and accrued income | 490/1 | €1,770 | €5,302 | +€3,532 | +200% |
| Total equity and liabilities | 10/49 | €517,803 | €976,141 | +€458,338 | +88.5% |
| Equity | 10/15 | €340,784 | €737,384 | +€396,600 | +116% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €190,784 | €587,384 | +€396,600 | +208% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €29,478 | €29,478 | = | 0.0% |
| Distributable reserves | 133 | €161,306 | €557,907 | +€396,600 | +246% |
| Amounts payable | 17/49 | €177,019 | €238,756 | +€61,738 | +34.9% |
| Amounts payable after more than one year | 17 | €37,793 | €28,158 | -€9,635 | -25.5% |
| Financial debts | 170/4 | €37,793 | €28,158 | -€9,635 | -25.5% |
| Amounts payable within one year | 42/48 | €131,889 | €198,549 | +€66,660 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €9,329 | €9,739 | +€410 | +4.4% |
| Trade debts | 44 | €9,196 | €4,251 | -€4,945 | -53.8% |
| Suppliers | 440/4 | €9,196 | €4,251 | -€4,945 | -53.8% |
| Taxes, remuneration and social security | 45 | €140 | €70,380 | +€70,241 | +50,330% |
| Taxes | 450/3 | €140 | €70,380 | +€70,241 | +50,330% |
| Other amounts payable | 47/48 | €113,225 | €114,179 | +€954 | +0.8% |
| Accrued charges and deferred income | 492/3 | €7,337 | €12,049 | +€4,713 | +64.2% |
| Non-recurring operating income | 76A | €8,500 | €4,977 | -€3,523 | -41.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,775 | €11,116 | +€8,342 | +301% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,250 | €418 | -€832 | -66.6% |
| Gross operating margin | 9900 | €21,461 | €136,059 | +€114,598 | +534% |
| Operating profit (loss) | 9901 | €17,437 | €124,525 | +€107,088 | +614% |
| Financial income | 75/76B | €419 | €343,224 | +€342,804 | +81,719% |
| Recurring financial income | 75 | €419 | €7,559 | +€7,140 | +1,702% |
| Non-recurring financial income | 76B | - | €335,665 | +€335,665 | |
| Financial charges | 65/66B | €8,183 | €10,613 | +€2,430 | +29.7% |
| Recurring financial charges | 65 | €8,183 | €10,613 | +€2,430 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €9,673 | €457,136 | +€447,463 | +4,626% |
| Income taxes | 67/77 | €147 | €60,535 | +€60,389 | +41,156% |
| Profit (loss) for the period | 9904 | €9,526 | €396,600 | +€387,074 | +4,063% |
| Profit (loss) for the period to be appropriated | 9905 | €9,526 | €396,600 | +€387,074 | +4,063% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.