COMPOSITES 53: 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.
COMPOSITES 53
Largest movements
- Tangible fixed assets -€16,172
down €16,172 (-33.9%), from €47,729 to €31,556
- Intangible fixed assets -€1,962
no longer reported in 2025 (was €1,962)
- Receivables within one year +€1,033
up €1,033 (+194.7%), from €531 to €1,564
of which Other amounts receivable: +€717
- Profit (loss) carried forward -€23,944
down €23,944 (-23.4%), from -€102,468 to -€126,412
- Other debts +€5,571
up €5,571 (+6.7%), from €82,875 to €88,446
- Trade debts +€764
up €764 (+1.5%), from €51,015 to €51,779
- Gross operating margin +€14,540
up €14,540 (+73.4%), from -€19,814 to -€5,274
- Depreciation +€1,875
up €1,875 (+11.3%), from €16,637 to €18,512
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 | €58,422 | €40,814 | -€17,609 | -30.1% |
| Formation expenses | 20 | €851 | €473 | -€378 | -44.5% |
| Fixed assets | 21/28 | €49,690 | €31,556 | -€18,134 | -36.5% |
| Intangible fixed assets | 21 | €1,962 | - | -€1,962 | |
| Tangible fixed assets | 22/27 | €47,729 | €31,556 | -€16,172 | -33.9% |
| Plant, machinery and equipment | 23 | €47,729 | €31,556 | -€16,172 | -33.9% |
| Current assets | 29/58 | €7,881 | €8,785 | +€904 | +11.5% |
| Stocks and contracts in progress | 3 | €1,348 | €1,465 | +€117 | +8.7% |
| Stocks | 30/36 | €1,348 | €1,465 | +€117 | +8.7% |
| Amounts receivable within one year | 40/41 | €531 | €1,564 | +€1,033 | +194.7% |
| Trade receivables | 40 | - | €316 | +€316 | |
| Other amounts receivable | 41 | €531 | €1,248 | +€717 | +135.1% |
| Cash at bank and in hand | 54/58 | €6,002 | €5,755 | -€247 | -4.1% |
| Total equity and liabilities | 10/49 | €58,422 | €40,814 | -€17,609 | -30.1% |
| Equity | 10/15 | -€100,468 | -€124,412 | -€23,944 | -23.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,468 | -€126,412 | -€23,944 | -23.4% |
| Amounts payable | 17/49 | €158,890 | €165,225 | +€6,335 | +4.0% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,890 | €140,225 | +€6,335 | +4.7% |
| Trade debts | 44 | €51,015 | €51,779 | +€764 | +1.5% |
| Suppliers | 440/4 | €51,015 | €51,779 | +€764 | +1.5% |
| Other amounts payable | 47/48 | €82,875 | €88,446 | +€5,571 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,637 | €18,512 | +€1,875 | +11.3% |
| Other operating charges | 640/8 | €71 | €11 | -€60 | -84.1% |
| Gross operating margin | 9900 | -€19,814 | -€5,274 | +€14,540 | +73.4% |
| Operating profit (loss) | 9901 | -€36,523 | -€23,798 | +€12,725 | +34.8% |
| Financial income | 75/76B | €71 | €48 | -€23 | -32.8% |
| Recurring financial income | 75 | €71 | €48 | -€23 | -32.8% |
| Financial charges | 65/66B | €46 | €193 | +€147 | +319.4% |
| Recurring financial charges | 65 | €46 | €190 | +€144 | +312.4% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | -€36,498 | -€23,944 | +€12,554 | +34.4% |
| Profit (loss) for the period | 9904 | -€36,498 | -€23,944 | +€12,554 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,498 | -€23,944 | +€12,554 | +34.4% |
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.