DE TIP: 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.
DE TIP
Largest movements
- Receivables within one year -€35,285
down €35,285 (-20.0%), from €176,498 to €141,214
of which Trade receivables: -€61,890
- Cash +€20,774
up €20,774 (+4.4%), from €467,159 to €487,933
mainly Net result for the year (+€87,206) and Receivables within one year (+€35,285)
- Reserves -€32,227
down €32,227 (-5.4%), from €599,339 to €567,112
of which Distributable reserves: -€32,227
- Staff costs -€39,927
down €39,927 (-41.3%), from €96,746 to €56,819
- Gross operating margin -€22,635
down €22,635 (-11.2%), from €201,873 to €179,238
- Taxes +€7,659
up €7,659 (+28.6%), from €26,786 to €34,446
- Financial income +€3,489
up €3,489 (+59.1%), from €5,907 to €9,396
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 | €783,818 | €758,536 | -€25,282 | -3.2% |
| Fixed assets | 21/28 | €36,295 | €31,360 | -€4,935 | -13.6% |
| Tangible fixed assets | 22/27 | €35,932 | €30,997 | -€4,935 | -13.7% |
| Plant, machinery and equipment | 23 | €34,540 | €26,641 | -€7,899 | -22.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,393 | €4,357 | +€2,964 | +212.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €747,523 | €727,175 | -€20,347 | -2.7% |
| Stocks and contracts in progress | 3 | €103,865 | €97,550 | -€6,315 | -6.1% |
| Stocks | 30/36 | €103,865 | €97,550 | -€6,315 | -6.1% |
| Amounts receivable within one year | 40/41 | €176,498 | €141,214 | -€35,285 | -20.0% |
| Trade receivables | 40 | €73,900 | €12,010 | -€61,890 | -83.7% |
| Other amounts receivable | 41 | €102,598 | €129,204 | +€26,606 | +25.9% |
| Cash at bank and in hand | 54/58 | €467,159 | €487,933 | +€20,774 | +4.4% |
| Deferred charges and accrued income | 490/1 | - | €478 | +€478 | |
| Total equity and liabilities | 10/49 | €783,818 | €758,536 | -€25,282 | -3.2% |
| Equity | 10/15 | €620,339 | €588,112 | -€32,227 | -5.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €599,339 | €567,112 | -€32,227 | -5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €599,339 | €567,112 | -€32,227 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €163,479 | €170,423 | +€6,945 | +4.2% |
| Amounts payable within one year | 42/48 | €163,479 | €170,423 | +€6,945 | +4.2% |
| Trade debts | 44 | €31,161 | €26,231 | -€4,930 | -15.8% |
| Suppliers | 440/4 | €31,161 | €26,231 | -€4,930 | -15.8% |
| Taxes, remuneration and social security | 45 | €19,714 | €24,760 | +€5,046 | +25.6% |
| Taxes | 450/3 | €15,552 | €10,573 | -€4,979 | -32.0% |
| Remuneration and social security | 454/9 | €4,162 | €14,186 | +€10,025 | +240.9% |
| Other amounts payable | 47/48 | €112,604 | €119,433 | +€6,829 | +6.1% |
| Remuneration, social security and pensions | 62 | €96,746 | €56,819 | -€39,927 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,196 | €8,089 | -€1,107 | -12.0% |
| Other operating charges | 640/8 | €1,728 | €1,770 | +€42 | +2.4% |
| Non-recurring operating charges | 66A | €2,903 | €0 | -€2,903 | -100.0% |
| Gross operating margin | 9900 | €201,873 | €179,238 | -€22,635 | -11.2% |
| Operating profit (loss) | 9901 | €91,300 | €112,560 | +€21,260 | +23.3% |
| Financial income | 75/76B | €5,907 | €9,396 | +€3,489 | +59.1% |
| Recurring financial income | 75 | €5,907 | €9,396 | +€3,489 | +59.1% |
| Financial charges | 65/66B | €46 | €305 | +€259 | +568.4% |
| Recurring financial charges | 65 | €46 | €305 | +€259 | +568.4% |
| Profit (loss) for the period before taxes | 9903 | €97,161 | €121,652 | +€24,490 | +25.2% |
| Income taxes | 67/77 | €26,786 | €34,446 | +€7,659 | +28.6% |
| Profit (loss) for the period | 9904 | €70,375 | €87,206 | +€16,831 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,375 | €87,206 | +€16,831 | +23.9% |
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 29 September 2026 via checked.be.