Different by Design: 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.
Different by Design
Largest movements
- Cash +€87,655
up €87,655 (+163.1%), from €53,759 to €141,414
mainly Net result for the year (+€66,322) and Depreciation (+€27,309)
- Tangible fixed assets -€20,798
down €20,798 (-17.1%), from €121,664 to €100,866
of which Land and buildings: -€23,197
- Receivables within one year -€6,719
down €6,719 (-6.0%), from €112,031 to €105,312
- Profit (loss) carried forward +€92,093
no longer reported in 2025 (was -€92,093)
- Debts after one year -€34,823
down €34,823 (-18.1%), from €192,145 to €157,322
- Reserves -€25,771
down €25,771 (-24.2%), from €106,500 to €80,730
- Trade debts +€14,019
up €14,019 (+1541.8%), from €909 to €14,929
- Tax, wage and social debts +€12,046
up €12,046 (+58.9%), from €20,458 to €32,504
of which Taxes: +€17,546
- Gross operating margin +€25,516
up €25,516 (+25.6%), from €99,672 to €125,188
- Taxes +€14,292
up €14,292 (+7803.2%), from €183 to €14,475
- Financial charges -€4,053
down €4,053 (-23.8%), from €17,062 to €13,009
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 | €295,103 | €355,685 | +€60,581 | +20.5% |
| Fixed assets | 21/28 | €121,664 | €100,866 | -€20,798 | -17.1% |
| Tangible fixed assets | 22/27 | €121,664 | €100,866 | -€20,798 | -17.1% |
| Land and buildings | 22 | €120,407 | €97,209 | -€23,197 | -19.3% |
| Furniture and vehicles | 24 | €1,258 | €3,657 | +€2,399 | +190.8% |
| Current assets | 29/58 | €173,439 | €254,819 | +€81,380 | +46.9% |
| Amounts receivable within one year | 40/41 | €112,031 | €105,312 | -€6,719 | -6.0% |
| Trade receivables | 40 | €112,031 | €105,312 | -€6,719 | -6.0% |
| Cash at bank and in hand | 54/58 | €53,759 | €141,414 | +€87,655 | +163.1% |
| Deferred charges and accrued income | 490/1 | €7,649 | €8,093 | +€443 | +5.8% |
| Total equity and liabilities | 10/49 | €295,103 | €355,685 | +€60,581 | +20.5% |
| Equity | 10/15 | €26,807 | €93,130 | +€66,322 | +247.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,500 | €80,730 | -€25,771 | -24.2% |
| Distributable reserves | 133 | €106,500 | €80,730 | -€25,771 | -24.2% |
| Profit (loss) carried forward | 14 | -€92,093 | - | +€92,093 | |
| Amounts payable | 17/49 | €268,296 | €262,555 | -€5,741 | -2.1% |
| Amounts payable after more than one year | 17 | €192,145 | €157,322 | -€34,823 | -18.1% |
| Financial debts | 170/4 | €192,145 | €157,322 | -€34,823 | -18.1% |
| Amounts payable within one year | 42/48 | €76,151 | €105,233 | +€29,082 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €29,914 | €33,211 | +€3,297 | +11.0% |
| Trade debts | 44 | €909 | €14,929 | +€14,019 | +1541.8% |
| Suppliers | 440/4 | €909 | €14,929 | +€14,019 | +1541.8% |
| Taxes, remuneration and social security | 45 | €20,458 | €32,504 | +€12,046 | +58.9% |
| Taxes | 450/3 | €13,858 | €31,404 | +€17,546 | +126.6% |
| Remuneration and social security | 454/9 | €6,600 | €1,100 | -€5,500 | -83.3% |
| Other amounts payable | 47/48 | €24,869 | €24,590 | -€280 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,175 | €27,309 | +€1,134 | +4.3% |
| Other operating charges | 640/8 | €3,663 | €4,073 | +€411 | +11.2% |
| Gross operating margin | 9900 | €99,672 | €125,188 | +€25,516 | +25.6% |
| Operating profit (loss) | 9901 | €69,834 | €93,805 | +€23,971 | +34.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €17,062 | €13,009 | -€4,053 | -23.8% |
| Recurring financial charges | 65 | €17,062 | €13,009 | -€4,053 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €52,772 | €80,797 | +€28,026 | +53.1% |
| Income taxes | 67/77 | €183 | €14,475 | +€14,292 | +7803.2% |
| Profit (loss) for the period | 9904 | €52,588 | €66,322 | +€13,734 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,588 | €66,322 | +€13,734 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.