DEVELOPMENT: what changed
Two financial 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.
DEVELOPMENT
Largest movements
- Receivables within one year -€10,697
down €10,697 (-3.0%), from €354,716 to €344,018
of which Other amounts receivable: -€222,740
- Cash +€7,774
up €7,774 (+808%), from €963 to €8,736
mainly Receivables within one year (+€10,697) and Other debts (+€8,513)
- Profit (loss) carried forward -€14,264
down €14,264 (-175%), from -€8,138 to -€22,402
- Other debts +€8,513
up €8,513 (+2.5%), from €340,524 to €349,037
- Gross operating margin +€41,487
up €41,487 (+76.1%), from €54,533 to €96,020
- Staff costs +€23,127
up €23,127 (+61.0%), from €37,930 to €61,057
- Taxes -€3,309
down €3,309 (-100%), from €3,309 to €0
- Financial income -€1,625
down €1,625 (-16.8%), from €9,668 to €8,044
- Other operating charges -€1,505
down €1,505 (-69.9%), from €2,153 to €648
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.
Derived cash bridge
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 | €698,330 | €690,762 | -€7,568 | -1.1% |
| Fixed assets | 21/28 | €332,652 | €329,470 | -€3,182 | -1.0% |
| Tangible fixed assets | 22/27 | €189,472 | €186,290 | -€3,182 | -1.7% |
| Land and buildings | 22 | €189,472 | €186,290 | -€3,182 | -1.7% |
| Financial fixed assets | 28 | €143,180 | €143,180 | = | 0.0% |
| Current assets | 29/58 | €365,678 | €361,292 | -€4,386 | -1.2% |
| Amounts receivable within one year | 40/41 | €354,716 | €344,018 | -€10,697 | -3.0% |
| Trade receivables | 40 | €53,846 | €265,889 | +€212,043 | +394% |
| Other amounts receivable | 41 | €300,870 | €78,130 | -€222,740 | -74.0% |
| Cash at bank and in hand | 54/58 | €963 | €8,736 | +€7,774 | +808% |
| Deferred charges and accrued income | 490/1 | €10,000 | €8,537 | -€1,463 | -14.6% |
| Total equity and liabilities | 10/49 | €698,330 | €690,762 | -€7,568 | -1.1% |
| Equity | 10/15 | €319,081 | €304,817 | -€14,264 | -4.5% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €29,747 | €29,747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,747 | €29,747 | = | 0.0% |
| Legal reserve | 130 | €29,747 | €29,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,138 | -€22,402 | -€14,264 | -175% |
| Amounts payable | 17/49 | €379,249 | €385,945 | +€6,696 | +1.8% |
| Amounts payable within one year | 42/48 | €370,736 | €377,219 | +€6,483 | +1.7% |
| Trade debts | 44 | €8,837 | €11,900 | +€3,063 | +34.7% |
| Suppliers | 440/4 | €8,837 | €11,900 | +€3,063 | +34.7% |
| Taxes, remuneration and social security | 45 | €21,375 | €16,282 | -€5,093 | -23.8% |
| Taxes | 450/3 | €13,756 | €9,373 | -€4,383 | -31.9% |
| Remuneration and social security | 454/9 | €7,619 | €6,909 | -€710 | -9.3% |
| Other amounts payable | 47/48 | €340,524 | €349,037 | +€8,513 | +2.5% |
| Accrued charges and deferred income | 492/3 | €8,513 | €8,726 | +€213 | +2.5% |
| Remuneration, social security and pensions | 62 | €37,930 | €61,057 | +€23,127 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,182 | €3,182 | = | 0.0% |
| Other operating charges | 640/8 | €2,153 | €648 | -€1,505 | -69.9% |
| Non-recurring operating charges | 66A | €0 | €44,686 | +€44,686 | |
| Gross operating margin | 9900 | €54,533 | €96,020 | +€41,487 | +76.1% |
| Operating profit (loss) | 9901 | €11,269 | -€13,553 | -€24,822 | |
| Financial income | 75/76B | €9,668 | €8,044 | -€1,625 | -16.8% |
| Recurring financial income | 75 | €9,668 | €8,044 | -€1,625 | -16.8% |
| Financial charges | 65/66B | €8,537 | €8,754 | +€218 | +2.6% |
| Recurring financial charges | 65 | €8,537 | €8,754 | +€218 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €12,400 | -€14,264 | -€26,664 | |
| Income taxes | 67/77 | €3,309 | €0 | -€3,309 | -100% |
| Profit (loss) for the period | 9904 | €9,091 | -€14,264 | -€23,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,091 | -€14,264 | -€23,355 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.