CONTRAST: 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.
CONTRAST
Largest movements
- Receivables within one year -€81,131
down €81,131 (-20.9%), from €387,516 to €306,385
of which Trade receivables: -€95,292
- Cash +€51,759
up €51,759 (+1380.6%), from €3,749 to €55,508
mainly Receivables within one year (+€81,131) and Accrued charges and deferred income (+€28,612)
- Tangible fixed assets -€8,943
down €8,943 (-34.9%), from €25,654 to €16,711
of which Leasing and similar rights: -€6,526
- Debts after one year -€55,589
down €55,589 (-59.8%), from €92,919 to €37,330
- Other debts -€46,521
down €46,521 (-19.6%), from €237,608 to €191,087
- Accrued charges and deferred income +€28,612
up €28,612 (+163.5%), from €17,498 to €46,111
- Tax, wage and social debts +€17,416
up €17,416 (+39.7%), from €43,909 to €61,326
of which Taxes: +€16,269
- Short-term financial debts +€9,000
new in 2025: €9,000
- Financial charges -€14,178
down €14,178 (-67.3%), from €21,065 to €6,887
- Financial income +€9,354
up €9,354 (+2961.5%), from €316 to €9,670
- Depreciation +€6,950
up €6,950 (+66.6%), from €10,434 to €17,384
- Staff costs +€6,691
up €6,691 (+4.1%), from €162,296 to €168,987
- Gross operating margin -€3,990
down €3,990 (-2.0%), from €196,659 to €192,669
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 | €757,364 | €711,631 | -€45,733 | -6.0% |
| Fixed assets | 21/28 | €43,978 | €28,371 | -€15,608 | -35.5% |
| Intangible fixed assets | 21 | €18,324 | €11,659 | -€6,665 | -36.4% |
| Tangible fixed assets | 22/27 | €25,654 | €16,711 | -€8,943 | -34.9% |
| Plant, machinery and equipment | 23 | €5,474 | €4,122 | -€1,352 | -24.7% |
| Furniture and vehicles | 24 | €2,234 | €1,169 | -€1,065 | -47.7% |
| Leasing and similar rights | 25 | €17,945 | €11,420 | -€6,526 | -36.4% |
| Current assets | 29/58 | €713,386 | €683,260 | -€30,126 | -4.2% |
| Stocks and contracts in progress | 3 | €314,189 | €316,550 | +€2,361 | +0.8% |
| Stocks | 30/36 | €267,130 | €261,997 | -€5,133 | -1.9% |
| Contracts in progress | 37 | €47,059 | €54,554 | +€7,495 | +15.9% |
| Amounts receivable within one year | 40/41 | €387,516 | €306,385 | -€81,131 | -20.9% |
| Trade receivables | 40 | €296,886 | €201,595 | -€95,292 | -32.1% |
| Other amounts receivable | 41 | €90,630 | €104,791 | +€14,161 | +15.6% |
| Cash at bank and in hand | 54/58 | €3,749 | €55,508 | +€51,759 | +1380.6% |
| Deferred charges and accrued income | 490/1 | €7,932 | €4,817 | -€3,115 | -39.3% |
| Total equity and liabilities | 10/49 | €757,364 | €711,631 | -€45,733 | -6.0% |
| Equity | 10/15 | €215,043 | €212,738 | -€2,306 | -1.1% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €13,807 | €13,807 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,750 | €7,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,750 | €7,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,057 | €6,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,815 | -€148,120 | -€2,306 | -1.6% |
| Amounts payable | 17/49 | €542,321 | €498,893 | -€43,428 | -8.0% |
| Amounts payable after more than one year | 17 | €92,919 | €37,330 | -€55,589 | -59.8% |
| Financial debts | 170/4 | €92,919 | €37,330 | -€55,589 | -59.8% |
| Amounts payable within one year | 42/48 | €431,904 | €415,452 | -€16,451 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €41,886 | €42,240 | +€354 | +0.8% |
| Financial debts | 43 | - | €9,000 | +€9,000 | |
| Credit institutions | 430/8 | - | €9,000 | +€9,000 | |
| Trade debts | 44 | €108,500 | €111,800 | +€3,300 | +3.0% |
| Suppliers | 440/4 | €108,500 | €111,800 | +€3,300 | +3.0% |
| Taxes, remuneration and social security | 45 | €43,909 | €61,326 | +€17,416 | +39.7% |
| Taxes | 450/3 | €23,320 | €39,589 | +€16,269 | +69.8% |
| Remuneration and social security | 454/9 | €20,589 | €21,736 | +€1,147 | +5.6% |
| Other amounts payable | 47/48 | €237,608 | €191,087 | -€46,521 | -19.6% |
| Accrued charges and deferred income | 492/3 | €17,498 | €46,111 | +€28,612 | +163.5% |
| Remuneration, social security and pensions | 62 | €162,296 | €168,987 | +€6,691 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,434 | €17,384 | +€6,950 | +66.6% |
| Other operating charges | 640/8 | €8,168 | €8,080 | -€89 | -1.1% |
| Gross operating margin | 9900 | €196,659 | €192,669 | -€3,990 | -2.0% |
| Operating profit (loss) | 9901 | €15,760 | -€1,783 | -€17,543 | |
| Financial income | 75/76B | €316 | €9,670 | +€9,354 | +2961.5% |
| Recurring financial income | 75 | €316 | €9,670 | +€9,354 | +2961.5% |
| Financial charges | 65/66B | €21,065 | €6,887 | -€14,178 | -67.3% |
| Recurring financial charges | 65 | €21,065 | €6,887 | -€14,178 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,989 | €1,000 | +€5,989 | |
| Income taxes | 67/77 | €968 | €3,306 | +€2,337 | +241.3% |
| Profit (loss) for the period | 9904 | -€5,957 | -€2,306 | +€3,652 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,957 | -€2,306 | +€3,652 | +61.3% |
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.