DISSOLVE: 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.
DISSOLVE
Largest movements
- Current investments +€1.0m
up €1.0m (+3,186%), from €31,667 to €1.0m
- Financial fixed assets +€229,125
up €229,125 (+45.8%), from €500,150 to €729,275
- Cash +€226,448
up €226,448 (+662%), from €34,191 to €260,638
mainly Net result for the year (+€1.6m) and Tax, wage and social debts (+€151,594)
- Receivables within one year +€47,033
up €47,033 (+118%), from €39,719 to €86,753
of which Trade receivables: +€28,656
- Reserves +€1.6m
up €1.6m (+419%), from €384,964 to €2.0m
of which Distributable reserves: +€1.6m
- Tax, wage and social debts +€151,594
up €151,594 (+1,432%), from €10,588 to €162,182
- Debts after one year -€106,741
down €106,741 (-53.7%), from €198,766 to €92,025
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Current portion of long-term debt -€74,281
down €74,281 (-74.7%), from €99,445 to €25,165
- Gross operating margin +€1.7m
up €1.7m (+1,846%), from €94,011 to €1.8m
- Taxes +€159,984
up €159,984 (+939%), from €17,043 to €177,027
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 | €831,138 | €2,341,003 | +€1.5m | +182% |
| Fixed assets | 21/28 | €725,261 | €951,984 | +€226,723 | +31.3% |
| Tangible fixed assets | 22/27 | €225,111 | €222,709 | -€2,402 | -1.1% |
| Land and buildings | 22 | €213,280 | €199,368 | -€13,912 | -6.5% |
| Plant, machinery and equipment | 23 | €1,711 | €15,708 | +€13,997 | +818% |
| Furniture and vehicles | 24 | €10,121 | €7,634 | -€2,487 | -24.6% |
| Financial fixed assets | 28 | €500,150 | €729,275 | +€229,125 | +45.8% |
| Current assets | 29/58 | €105,876 | €1,389,019 | +€1.3m | +1,212% |
| Amounts receivable within one year | 40/41 | €39,719 | €86,753 | +€47,033 | +118% |
| Trade receivables | 40 | €30,362 | €59,018 | +€28,656 | +94.4% |
| Other amounts receivable | 41 | €9,358 | €27,735 | +€18,377 | +196% |
| Current investments | 50/53 | €31,667 | €1,040,667 | +€1.0m | +3,186% |
| Cash at bank and in hand | 54/58 | €34,191 | €260,638 | +€226,448 | +662% |
| Deferred charges and accrued income | 490/1 | €299 | €961 | +€662 | +221% |
| Total equity and liabilities | 10/49 | €831,138 | €2,341,003 | +€1.5m | +182% |
| Equity | 10/15 | €421,096 | €2,034,665 | +€1.6m | +383% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €384,964 | €1,998,533 | +€1.6m | +419% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €382,964 | €1,996,533 | +€1.6m | +421% |
| Profit (loss) carried forward | 14 | €16,131 | €16,131 | = | 0.0% |
| Amounts payable | 17/49 | €410,042 | €306,338 | -€103,703 | -25.3% |
| Amounts payable after more than one year | 17 | €198,766 | €92,025 | -€106,741 | -53.7% |
| Financial debts | 170/4 | €198,766 | €92,025 | -€106,741 | -53.7% |
| Amounts payable within one year | 42/48 | €211,276 | €214,313 | +€3,038 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €99,445 | €25,165 | -€74,281 | -74.7% |
| Trade debts | 44 | €1,242 | €26,967 | +€25,724 | +2,071% |
| Suppliers | 440/4 | €1,242 | €26,967 | +€25,724 | +2,071% |
| Taxes, remuneration and social security | 45 | €10,588 | €162,182 | +€151,594 | +1,432% |
| Taxes | 450/3 | €10,588 | €162,182 | +€151,594 | +1,432% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | - | €1,731,329 | +€1.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,630 | €30,440 | +€810 | +2.7% |
| Other operating charges | 640/8 | €2,691 | €1,807 | -€884 | -32.8% |
| Gross operating margin | 9900 | €94,011 | €1,829,744 | +€1.7m | +1,846% |
| Operating profit (loss) | 9901 | €61,690 | €1,797,496 | +€1.7m | +2,814% |
| Financial income | 75/76B | €485 | €5,001 | +€4,516 | +932% |
| Recurring financial income | 75 | €485 | €5,001 | +€4,516 | +932% |
| Financial charges | 65/66B | €10,266 | €11,901 | +€1,635 | +15.9% |
| Recurring financial charges | 65 | €10,266 | €11,901 | +€1,635 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €51,909 | €1,790,596 | +€1.7m | +3,350% |
| Income taxes | 67/77 | €17,043 | €177,027 | +€159,984 | +939% |
| Profit (loss) for the period | 9904 | €34,866 | €1,613,569 | +€1.6m | +4,528% |
| Profit (loss) for the period to be appropriated | 9905 | €34,866 | €1,613,569 | +€1.6m | +4,528% |
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 25 October 2026 via checked.be.