Confidentels: 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.
Confidentels
Largest movements
- Cash +€219,196
up €219,196 (+82.1%), from €267,095 to €486,291
mainly Net result for the year (+€377,208) and Depreciation (+€113,034)
- Tangible fixed assets -€94,170
down €94,170 (-11.4%), from €825,504 to €731,334
of which Plant, machinery and equipment: -€95,775
- Deferred charges and accrued income +€17,437
up €17,437 (+380.0%), from €4,589 to €22,026
- Reserves +€377,208
up €377,208 (+944.0%), from €39,957 to €417,165
- Other debts -€209,717
down €209,717 (-38.0%), from €551,641 to €341,923
- Debts after one year -€59,121
down €59,121 (-13.3%), from €445,729 to €386,608
- Tax, wage and social debts +€28,577
up €28,577 (+65.2%), from €43,829 to €72,406
of which Taxes: +€22,470
- Gross operating margin +€332,465
up €332,465 (+88.1%), from €377,496 to €709,962
- Taxes +€93,183
up €93,183 (+263.5%), from €35,365 to €128,548
- Staff costs +€39,457
up €39,457 (+95.4%), from €41,345 to €80,803
- Financial charges -€10,023
down €10,023 (-45.4%), from €22,067 to €12,044
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 | €1,213,650 | €1,356,289 | +€142,639 | +11.8% |
| Fixed assets | 21/28 | €825,504 | €731,334 | -€94,170 | -11.4% |
| Tangible fixed assets | 22/27 | €825,504 | €731,334 | -€94,170 | -11.4% |
| Plant, machinery and equipment | 23 | €810,201 | €714,425 | -€95,775 | -11.8% |
| Furniture and vehicles | 24 | €15,303 | €16,909 | +€1,606 | +10.5% |
| Current assets | 29/58 | €388,146 | €624,955 | +€236,809 | +61.0% |
| Amounts receivable within one year | 40/41 | €116,462 | €116,638 | +€176 | +0.2% |
| Other amounts receivable | 41 | €116,462 | €116,638 | +€176 | +0.2% |
| Cash at bank and in hand | 54/58 | €267,095 | €486,291 | +€219,196 | +82.1% |
| Deferred charges and accrued income | 490/1 | €4,589 | €22,026 | +€17,437 | +380.0% |
| Total equity and liabilities | 10/49 | €1,213,650 | €1,356,289 | +€142,639 | +11.8% |
| Equity | 10/15 | €58,507 | €435,715 | +€377,208 | +644.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,957 | €417,165 | +€377,208 | +944.0% |
| Distributable reserves | 133 | €39,957 | €417,165 | +€377,208 | +944.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,155,143 | €920,574 | -€234,568 | -20.3% |
| Amounts payable after more than one year | 17 | €445,729 | €386,608 | -€59,121 | -13.3% |
| Financial debts | 170/4 | €445,729 | €386,608 | -€59,121 | -13.3% |
| Amounts payable within one year | 42/48 | €671,663 | €504,183 | -€167,480 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €57,684 | €59,121 | +€1,438 | +2.5% |
| Trade debts | 44 | €18,510 | €30,732 | +€12,223 | +66.0% |
| Suppliers | 440/4 | €18,510 | €30,732 | +€12,223 | +66.0% |
| Taxes, remuneration and social security | 45 | €43,829 | €72,406 | +€28,577 | +65.2% |
| Taxes | 450/3 | €35,365 | €57,835 | +€22,470 | +63.5% |
| Remuneration and social security | 454/9 | €8,464 | €14,572 | +€6,108 | +72.2% |
| Other amounts payable | 47/48 | €551,641 | €341,923 | -€209,717 | -38.0% |
| Accrued charges and deferred income | 492/3 | €37,750 | €29,783 | -€7,967 | -21.1% |
| Remuneration, social security and pensions | 62 | €41,345 | €80,803 | +€39,457 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,099 | €113,034 | -€1,065 | -0.9% |
| Other operating charges | 640/8 | €958 | €704 | -€255 | -26.6% |
| Gross operating margin | 9900 | €377,496 | €709,962 | +€332,465 | +88.1% |
| Operating profit (loss) | 9901 | €221,094 | €515,422 | +€294,328 | +133.1% |
| Financial income | 75/76B | €0 | €2,378 | +€2,378 | |
| Recurring financial income | 75 | €0 | €2,378 | +€2,378 | |
| Financial charges | 65/66B | €22,067 | €12,044 | -€10,023 | -45.4% |
| Recurring financial charges | 65 | €22,067 | €12,044 | -€10,023 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €199,026 | €505,756 | +€306,730 | +154.1% |
| Income taxes | 67/77 | €35,365 | €128,548 | +€93,183 | +263.5% |
| Profit (loss) for the period | 9904 | €163,661 | €377,208 | +€213,547 | +130.5% |
| Profit (loss) for the period to be appropriated | 9905 | €163,661 | €377,208 | +€213,547 | +130.5% |
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 12 October 2026 via checked.be.