CONCEPT TREE: 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.
CONCEPT TREE
Largest movements
- Receivables within one year +€41,177
up €41,177 (+106.5%), from €38,674 to €79,851
of which Trade receivables: +€43,020
- Cash -€18,808
down €18,808 (-26.8%), from €70,210 to €51,402
mainly Receivables within one year (-€41,177) and Tax, wage and social debts (-€9,825)
- Tangible fixed assets +€4,062
up €4,062 (+2172.2%), from €187 to €4,249
- Reserves +€21,900
up €21,900 (+11.8%), from €184,910 to €206,810
of which Distributable reserves: +€21,900
- Trade debts +€12,483
up €12,483 (+344.5%), from €3,624 to €16,107
- Tax, wage and social debts -€9,825
down €9,825 (-95.3%), from €10,314 to €489
- Gross operating margin -€2,329
down €2,329 (-6.7%), from €34,593 to €32,264
- Taxes -€826
down €826 (-8.0%), from €10,315 to €9,489
- Financial income +€767
up €767 (+2739.3%), from €28 to €795
- Depreciation +€696
up €696 (+175.8%), from €396 to €1,092
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 | €207,299 | €233,719 | +€26,420 | +12.7% |
| Fixed assets | 21/28 | €187 | €4,249 | +€4,062 | +2172.2% |
| Tangible fixed assets | 22/27 | €187 | €4,249 | +€4,062 | +2172.2% |
| Furniture and vehicles | 24 | €187 | €4,249 | +€4,062 | +2172.2% |
| Current assets | 29/58 | €207,112 | €229,470 | +€22,358 | +10.8% |
| Amounts receivable within one year | 40/41 | €38,674 | €79,851 | +€41,177 | +106.5% |
| Trade receivables | 40 | €36,400 | €79,420 | +€43,020 | +118.2% |
| Other amounts receivable | 41 | €2,274 | €431 | -€1,843 | -81.0% |
| Current investments | 50/53 | €97,322 | €98,117 | +€795 | +0.8% |
| Cash at bank and in hand | 54/58 | €70,210 | €51,402 | -€18,808 | -26.8% |
| Deferred charges and accrued income | 490/1 | €906 | €100 | -€806 | -89.0% |
| Total equity and liabilities | 10/49 | €207,299 | €233,719 | +€26,420 | +12.7% |
| Equity | 10/15 | €191,235 | €213,138 | +€21,903 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €184,910 | €206,810 | +€21,900 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €177,050 | €198,950 | +€21,900 | +12.4% |
| Profit (loss) carried forward | 14 | €125 | €128 | +€3 | +2.4% |
| Amounts payable | 17/49 | €16,064 | €20,581 | +€4,517 | +28.1% |
| Amounts payable within one year | 42/48 | €16,064 | €20,581 | +€4,517 | +28.1% |
| Trade debts | 44 | €3,624 | €16,107 | +€12,483 | +344.5% |
| Suppliers | 440/4 | €3,624 | €16,107 | +€12,483 | +344.5% |
| Taxes, remuneration and social security | 45 | €10,314 | €489 | -€9,825 | -95.3% |
| Taxes | 450/3 | €10,314 | €489 | -€9,825 | -95.3% |
| Other amounts payable | 47/48 | €2,126 | €3,985 | +€1,859 | +87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €1,092 | +€696 | +175.8% |
| Other operating charges | 640/8 | €211 | €95 | -€116 | -55.0% |
| Gross operating margin | 9900 | €34,593 | €32,264 | -€2,329 | -6.7% |
| Operating profit (loss) | 9901 | €33,986 | €31,077 | -€2,909 | -8.6% |
| Financial income | 75/76B | €28 | €795 | +€767 | +2739.3% |
| Recurring financial income | 75 | €28 | €795 | +€767 | +2739.3% |
| Financial charges | 65/66B | €296 | €480 | +€184 | +62.2% |
| Recurring financial charges | 65 | €296 | €480 | +€184 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €33,718 | €31,392 | -€2,326 | -6.9% |
| Income taxes | 67/77 | €10,315 | €9,489 | -€826 | -8.0% |
| Profit (loss) for the period | 9904 | €23,403 | €21,903 | -€1,500 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,403 | €21,903 | -€1,500 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.