CORE 03: what changed
CORE 03
Largest movements
- Cash -€16,743
down €16,743 (-39.5%), from €42,341 to €25,599
mainly Other debts (-€38,793) and Debts after one year (-€2,835)
- Tangible fixed assets -€5,914
down €5,914 (-17.9%), from €32,973 to €27,059
of which Furniture and vehicles: -€6,946
- Deferred charges and accrued income +€1,625
up €1,625 (+206%), from €790 to €2,415
- Receivables within one year -€1,023
down €1,023 (-5.2%), from €19,755 to €18,732
of which Trade receivables: -€1,732
- Other debts -€38,793
down €38,793 (-56.2%), from €68,987 to €30,194
- Profit (loss) carried forward +€19,063
up €19,063, from €0 to €19,063
- Tax, wage and social debts +€3,101
up €3,101 (+41.0%), from €7,557 to €10,658
of which Taxes: +€4,026
- Debts after one year -€2,835
down €2,835 (-23.4%), from €12,110 to €9,275
- Trade debts -€2,751
down €2,751 (-63.4%), from €4,336 to €1,586
- Gross operating margin -€17,095
down €17,095 (-30.2%), from €56,630 to €39,534
- Taxes -€5,596
down €5,596 (-49.0%), from €11,416 to €5,820
- Depreciation +€5,269
up €5,269 (+197%), from €2,670 to €7,938
- Financial charges +€586
up €586 (+141%), from €417 to €1,002
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,859 | €73,804 | -€22,054 | -23.0% |
| Fixed assets | 21/28 | €32,973 | €27,059 | -€5,914 | -17.9% |
| Tangible fixed assets | 22/27 | €32,973 | €27,059 | -€5,914 | -17.9% |
| Plant, machinery and equipment | 23 | €956 | €1,988 | +€1,032 | +108% |
| Furniture and vehicles | 24 | €32,017 | €25,070 | -€6,946 | -21.7% |
| Current assets | 29/58 | €62,886 | €46,746 | -€16,140 | -25.7% |
| Amounts receivable within one year | 40/41 | €19,755 | €18,732 | -€1,023 | -5.2% |
| Trade receivables | 40 | €16,237 | €14,505 | -€1,732 | -10.7% |
| Other amounts receivable | 41 | €3,517 | €4,227 | +€710 | +20.2% |
| Cash at bank and in hand | 54/58 | €42,341 | €25,599 | -€16,743 | -39.5% |
| Deferred charges and accrued income | 490/1 | €790 | €2,415 | +€1,625 | +206% |
| Total equity and liabilities | 10/49 | €95,859 | €73,804 | -€22,054 | -23.0% |
| Equity | 10/15 | €195 | €19,258 | +€19,063 | +9,796% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €95 | €95 | = | 0.0% |
| Tax-exempt reserves | 132 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €19,063 | +€19,063 | |
| Amounts payable | 17/49 | €95,664 | €54,547 | -€41,117 | -43.0% |
| Amounts payable after more than one year | 17 | €12,110 | €9,275 | -€2,835 | -23.4% |
| Financial debts | 170/4 | €12,110 | €9,275 | -€2,835 | -23.4% |
| Amounts payable within one year | 42/48 | €83,554 | €45,272 | -€38,283 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €2,674 | €2,835 | +€160 | +6.0% |
| Trade debts | 44 | €4,336 | €1,586 | -€2,751 | -63.4% |
| Suppliers | 440/4 | €4,336 | €1,586 | -€2,751 | -63.4% |
| Taxes, remuneration and social security | 45 | €7,557 | €10,658 | +€3,101 | +41.0% |
| Taxes | 450/3 | €4,624 | €8,650 | +€4,026 | +87.1% |
| Remuneration and social security | 454/9 | €2,933 | €2,008 | -€925 | -31.5% |
| Other amounts payable | 47/48 | €68,987 | €30,194 | -€38,793 | -56.2% |
| Non-recurring operating income | 76A | €2,128 | €0 | -€2,128 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,670 | €7,938 | +€5,269 | +197% |
| Other operating charges | 640/8 | €868 | €1,127 | +€259 | +29.8% |
| Non-recurring operating charges | 66A | - | €3,747 | +€3,747 | |
| Gross operating margin | 9900 | €56,630 | €39,534 | -€17,095 | -30.2% |
| Operating profit (loss) | 9901 | €53,092 | €26,722 | -€26,370 | -49.7% |
| Financial income | 75/76B | €195 | €23 | -€172 | -88.2% |
| Recurring financial income | 75 | €195 | €23 | -€172 | -88.2% |
| Financial charges | 65/66B | €417 | €1,002 | +€586 | +141% |
| Recurring financial charges | 65 | €417 | €1,002 | +€586 | +141% |
| Profit (loss) for the period before taxes | 9903 | €52,870 | €25,743 | -€27,128 | -51.3% |
| Income taxes | 67/77 | €11,416 | €5,820 | -€5,596 | -49.0% |
| Profit (loss) for the period | 9904 | €41,454 | €19,922 | -€21,532 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,454 | €19,922 | -€21,532 | -51.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.