DATA - M: 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.
DATA - M
Largest movements
- Tangible fixed assets -€99,382
down €99,382 (-33.4%), from €297,833 to €198,451
of which Furniture and vehicles: -€70,130
- Current investments -€56,043
down €56,043 (-9.5%), from €587,903 to €531,859
- Reserves -€91,561
down €91,561 (-11.9%), from €771,813 to €680,252
of which Distributable reserves: -€91,561
- Other debts -€80,000
down €80,000 (-33.3%), from €240,000 to €160,000
- Trade debts +€35,944
up €35,944 (+20.4%), from €176,039 to €211,983
- Tax, wage and social debts -€21,840
down €21,840 (-12.7%), from €171,992 to €150,152
of which Remuneration and social security: -€16,281
- Gross operating margin -€215,420
down €215,420 (-12.8%), from €1.7m to €1.5m
- Staff costs -€110,962
down €110,962 (-8.8%), from €1.3m to €1.1m
- Taxes -€31,874
down €31,874 (-30.7%), from €103,834 to €71,960
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 | €1,816,287 | €1,649,325 | -€166,962 | -9.2% |
| Fixed assets | 21/28 | €298,378 | €198,996 | -€99,382 | -33.3% |
| Tangible fixed assets | 22/27 | €297,833 | €198,451 | -€99,382 | -33.4% |
| Plant, machinery and equipment | 23 | €61,000 | €31,748 | -€29,252 | -48.0% |
| Furniture and vehicles | 24 | €236,833 | €166,703 | -€70,130 | -29.6% |
| Financial fixed assets | 28 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €1,517,909 | €1,450,329 | -€67,580 | -4.5% |
| Stocks and contracts in progress | 3 | €5,248 | €4,457 | -€791 | -15.1% |
| Stocks | 30/36 | €5,248 | €4,457 | -€791 | -15.1% |
| Amounts receivable within one year | 40/41 | €302,688 | €288,027 | -€14,661 | -4.8% |
| Trade receivables | 40 | €302,688 | €288,027 | -€14,661 | -4.8% |
| Current investments | 50/53 | €587,903 | €531,859 | -€56,043 | -9.5% |
| Cash at bank and in hand | 54/58 | €622,070 | €625,985 | +€3,915 | +0.6% |
| Total equity and liabilities | 10/49 | €1,816,287 | €1,649,325 | -€166,962 | -9.2% |
| Equity | 10/15 | €1,209,313 | €1,117,752 | -€91,561 | -7.6% |
| Contributions | 10/11 | €437,500 | €437,500 | = | 0.0% |
| Capital | 10 | €437,500 | €437,500 | = | 0.0% |
| Issued capital | 100 | €437,500 | €437,500 | = | 0.0% |
| Reserves | 13 | €771,813 | €680,252 | -€91,561 | -11.9% |
| Non-distributable reserves | 130/1 | €43,750 | €43,750 | = | 0.0% |
| Legal reserve | 130 | €43,750 | €43,750 | = | 0.0% |
| Distributable reserves | 133 | €728,063 | €636,502 | -€91,561 | -12.6% |
| Amounts payable | 17/49 | €606,974 | €531,573 | -€75,401 | -12.4% |
| Amounts payable within one year | 42/48 | €588,030 | €522,134 | -€65,896 | -11.2% |
| Trade debts | 44 | €176,039 | €211,983 | +€35,944 | +20.4% |
| Suppliers | 440/4 | €176,039 | €211,983 | +€35,944 | +20.4% |
| Taxes, remuneration and social security | 45 | €171,992 | €150,152 | -€21,840 | -12.7% |
| Taxes | 450/3 | €12,809 | €7,250 | -€5,559 | -43.4% |
| Remuneration and social security | 454/9 | €159,182 | €142,901 | -€16,281 | -10.2% |
| Other amounts payable | 47/48 | €240,000 | €160,000 | -€80,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €18,943 | €9,439 | -€9,505 | -50.2% |
| Remuneration, social security and pensions | 62 | €1,254,936 | €1,143,974 | -€110,962 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,662 | €92,678 | -€2,984 | -3.1% |
| Other operating charges | 640/8 | €860 | €1,850 | +€991 | +115.2% |
| Gross operating margin | 9900 | €1,676,923 | €1,461,503 | -€215,420 | -12.8% |
| Operating profit (loss) | 9901 | €325,464 | €223,000 | -€102,464 | -31.5% |
| Financial income | 75/76B | €70,798 | €55,667 | -€15,130 | -21.4% |
| Recurring financial income | 75 | €31,431 | €45,467 | +€14,037 | +44.7% |
| Non-recurring financial income | 76B | €39,367 | €10,200 | -€29,167 | -74.1% |
| Financial charges | 65/66B | €29,493 | €23,269 | -€6,225 | -21.1% |
| Recurring financial charges | 65 | €2,884 | €4,124 | +€1,240 | +43.0% |
| Non-recurring financial charges | 66B | €26,609 | €19,144 | -€7,465 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €366,769 | €255,399 | -€111,370 | -30.4% |
| Income taxes | 67/77 | €103,834 | €71,960 | -€31,874 | -30.7% |
| Profit (loss) for the period | 9904 | €262,935 | €183,439 | -€79,496 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €262,935 | €183,439 | -€79,496 | -30.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.