Corporate Strategy & Management: what changed
Corporate Strategy & Management
Largest movements
- Cash +€9,764
up €9,764 (+73.5%), from €13,288 to €23,052
mainly Other debts (+€23,637) and Net result for the year (+€17,926)
- Receivables within one year +€9,476
up €9,476 (+57.8%), from €16,395 to €25,872
of which Trade receivables: +€11,057
- Deferred charges and accrued income +€5,728
up €5,728 (+495%), from €1,158 to €6,886
- Tangible fixed assets +€3,928
up €3,928 (+208%), from €1,887 to €5,815
- Other debts +€23,637
new in 2025: €23,637
- Tax, wage and social debts +€12,037
up €12,037 (+730%), from €1,649 to €13,686
of which Remuneration and social security: +€6,603
- Trade debts -€4,704
down €4,704 (-31.9%), from €14,724 to €10,020
- Profit (loss) carried forward -€2,074
down €2,074 (-14.4%), from €14,356 to €12,282
- Gross operating margin +€46,268
up €46,268 (+374%), from €12,379 to €58,647
- Staff costs +€31,349
new in 2025: €31,349
- Taxes +€4,667
up €4,667 (+226%), from €2,066 to €6,733
- Depreciation -€2,910
down €2,910 (-65.1%), from €4,469 to €1,558
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 | €32,729 | €61,625 | +€28,896 | +88.3% |
| Fixed assets | 21/28 | €1,888 | €5,815 | +€3,927 | +208% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €1,887 | €5,815 | +€3,928 | +208% |
| Furniture and vehicles | 24 | €1,887 | €5,815 | +€3,928 | +208% |
| Current assets | 29/58 | €30,841 | €55,810 | +€24,968 | +81.0% |
| Amounts receivable within one year | 40/41 | €16,395 | €25,872 | +€9,476 | +57.8% |
| Trade receivables | 40 | €14,815 | €25,872 | +€11,057 | +74.6% |
| Other amounts receivable | 41 | €1,581 | - | -€1,581 | |
| Cash at bank and in hand | 54/58 | €13,288 | €23,052 | +€9,764 | +73.5% |
| Deferred charges and accrued income | 490/1 | €1,158 | €6,886 | +€5,728 | +495% |
| Total equity and liabilities | 10/49 | €32,729 | €61,625 | +€28,896 | +88.3% |
| Equity | 10/15 | €16,356 | €14,282 | -€2,074 | -12.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,356 | €12,282 | -€2,074 | -14.4% |
| Amounts payable | 17/49 | €16,373 | €47,343 | +€30,970 | +189% |
| Amounts payable within one year | 42/48 | €16,373 | €47,343 | +€30,970 | +189% |
| Trade debts | 44 | €14,724 | €10,020 | -€4,704 | -31.9% |
| Suppliers | 440/4 | €14,724 | €10,020 | -€4,704 | -31.9% |
| Taxes, remuneration and social security | 45 | €1,649 | €13,686 | +€12,037 | +730% |
| Taxes | 450/3 | €1,649 | €7,083 | +€5,434 | +330% |
| Remuneration and social security | 454/9 | - | €6,603 | +€6,603 | |
| Other amounts payable | 47/48 | - | €23,637 | +€23,637 | |
| Remuneration, social security and pensions | 62 | - | €31,349 | +€31,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €1,558 | -€2,910 | -65.1% |
| Other operating charges | 640/8 | €787 | €1,008 | +€221 | +28.0% |
| Gross operating margin | 9900 | €12,379 | €58,647 | +€46,268 | +374% |
| Operating profit (loss) | 9901 | €7,123 | €24,732 | +€17,608 | +247% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €120 | €123 | +€3 | +2.2% |
| Recurring financial charges | 65 | €120 | €123 | +€3 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €7,003 | €24,659 | +€17,656 | +252% |
| Income taxes | 67/77 | €2,066 | €6,733 | +€4,667 | +226% |
| Profit (loss) for the period | 9904 | €4,937 | €17,926 | +€12,989 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €4,937 | €17,926 | +€12,989 | +263% |
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 8 November 2026 via checked.be.