COUNTERPOINT: 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.
COUNTERPOINT
Largest movements
- Tangible fixed assets +€188,443
up €188,443 (+38.5%), from €489,916 to €678,359
- Receivables within one year +€66,197
up €66,197 (+18081.3%), from €366 to €66,563
of which Trade receivables: +€61,807
- Other debts +€189,632
up €189,632 (+30.6%), from €619,672 to €809,304
- Trade debts +€61,685
up €61,685 (+10420.7%), from €592 to €62,277
- Gross operating margin +€29,890
up €29,890, from -€9,014 to €20,876
- Depreciation +€2,593
up €2,593 (+21.4%), from €12,133 to €14,726
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 | €491,777 | €746,054 | +€254,277 | +51.7% |
| Fixed assets | 21/28 | €489,916 | €678,359 | +€188,443 | +38.5% |
| Tangible fixed assets | 22/27 | €489,916 | €678,359 | +€188,443 | +38.5% |
| Land and buildings | 22 | €489,916 | €678,359 | +€188,443 | +38.5% |
| Current assets | 29/58 | €1,861 | €67,695 | +€65,834 | +3538.1% |
| Amounts receivable within one year | 40/41 | €366 | €66,563 | +€66,197 | +18081.3% |
| Trade receivables | 40 | - | €61,807 | +€61,807 | |
| Other amounts receivable | 41 | €366 | €4,756 | +€4,390 | +1199.0% |
| Cash at bank and in hand | 54/58 | €959 | €590 | -€369 | -38.5% |
| Deferred charges and accrued income | 490/1 | €535 | €541 | +€6 | +1.1% |
| Total equity and liabilities | 10/49 | €491,777 | €746,054 | +€254,277 | +51.7% |
| Equity | 10/15 | -€246,054 | -€243,390 | +€2,664 | +1.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€370,001 | -€367,337 | +€2,664 | +0.7% |
| Amounts payable | 17/49 | €737,831 | €989,444 | +€251,614 | +34.1% |
| Amounts payable after more than one year | 17 | €117,567 | €117,567 | = | 0.0% |
| Other amounts payable | 178/9 | €117,567 | €117,567 | = | 0.0% |
| Amounts payable within one year | 42/48 | €620,264 | €871,581 | +€251,317 | +40.5% |
| Trade debts | 44 | €592 | €62,277 | +€61,685 | +10420.7% |
| Suppliers | 440/4 | €592 | €62,277 | +€61,685 | +10420.7% |
| Other amounts payable | 47/48 | €619,672 | €809,304 | +€189,632 | +30.6% |
| Accrued charges and deferred income | 492/3 | €0 | €296 | +€296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,133 | €14,726 | +€2,593 | +21.4% |
| Other operating charges | 640/8 | €3,387 | €3,455 | +€68 | +2.0% |
| Gross operating margin | 9900 | -€9,014 | €20,876 | +€29,890 | |
| Operating profit (loss) | 9901 | -€24,534 | €2,695 | +€27,229 | |
| Financial charges | 65/66B | €50 | €31 | -€19 | -37.7% |
| Recurring financial charges | 65 | €50 | €31 | -€19 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,584 | €2,664 | +€27,248 | |
| Profit (loss) for the period | 9904 | -€24,584 | €2,664 | +€27,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,584 | €2,664 | +€27,248 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.