DOUBLE LOOP: 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.
DOUBLE LOOP
Largest movements
- Tangible fixed assets -€17,020
down €17,020 (-23.9%), from €71,204 to €54,184
of which Furniture and vehicles: -€9,753
- Receivables within one year -€13,707
down €13,707 (-61.7%), from €22,201 to €8,495
of which Trade receivables: -€14,415
- Cash +€10,046
up €10,046 (+12.6%), from €79,458 to €89,504
mainly Depreciation (+€17,020) and Net result for the year (+€14,015)
- Debts after one year -€22,052
down €22,052 (-74.9%), from €29,456 to €7,404
- Profit (loss) carried forward +€14,015
up €14,015 (+27.0%), from -€51,860 to -€37,845
- Other debts -€10,971
down €10,971 (-11.7%), from €93,681 to €82,710
- Tax, wage and social debts -€4,273
down €4,273 (-53.6%), from €7,970 to €3,697
- Trade debts +€2,738
up €2,738 (+71.7%), from €3,816 to €6,554
- Gross operating margin -€30,381
down €30,381 (-44.9%), from €67,662 to €37,281
- Depreciation +€6,518
up €6,518 (+62.1%), from €10,502 to €17,020
- Taxes -€6,083
down €6,083 (-58.6%), from €10,375 to €4,291
- Other operating charges -€755
down €755 (-37.3%), from €2,023 to €1,268
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 | €175,587 | €155,200 | -€20,387 | -11.6% |
| Fixed assets | 21/28 | €71,204 | €54,184 | -€17,020 | -23.9% |
| Tangible fixed assets | 22/27 | €71,204 | €54,184 | -€17,020 | -23.9% |
| Furniture and vehicles | 24 | €44,730 | €34,977 | -€9,753 | -21.8% |
| Leasing and similar rights | 25 | €23,000 | €16,200 | -€6,800 | -29.6% |
| Other tangible fixed assets | 26 | €3,474 | €3,007 | -€467 | -13.4% |
| Current assets | 29/58 | €104,384 | €101,016 | -€3,367 | -3.2% |
| Amounts receivable within one year | 40/41 | €22,201 | €8,495 | -€13,707 | -61.7% |
| Trade receivables | 40 | €22,201 | €7,786 | -€14,415 | -64.9% |
| Other amounts receivable | 41 | - | €709 | +€709 | |
| Cash at bank and in hand | 54/58 | €79,458 | €89,504 | +€10,046 | +12.6% |
| Deferred charges and accrued income | 490/1 | €2,724 | €3,018 | +€294 | +10.8% |
| Total equity and liabilities | 10/49 | €175,587 | €155,200 | -€20,387 | -11.6% |
| Equity | 10/15 | €16,623 | €30,639 | +€14,015 | +84.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,283 | €62,283 | = | 0.0% |
| Distributable reserves | 133 | €62,283 | €62,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,860 | -€37,845 | +€14,015 | +27.0% |
| Amounts payable | 17/49 | €158,964 | €124,562 | -€34,402 | -21.6% |
| Amounts payable after more than one year | 17 | €29,456 | €7,404 | -€22,052 | -74.9% |
| Financial debts | 170/4 | €29,456 | €7,404 | -€22,052 | -74.9% |
| Amounts payable within one year | 42/48 | €127,282 | €115,013 | -€12,269 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €21,814 | €22,052 | +€237 | +1.1% |
| Trade debts | 44 | €3,816 | €6,554 | +€2,738 | +71.7% |
| Suppliers | 440/4 | €3,816 | €6,554 | +€2,738 | +71.7% |
| Taxes, remuneration and social security | 45 | €7,970 | €3,697 | -€4,273 | -53.6% |
| Taxes | 450/3 | €7,970 | €3,697 | -€4,273 | -53.6% |
| Other amounts payable | 47/48 | €93,681 | €82,710 | -€10,971 | -11.7% |
| Accrued charges and deferred income | 492/3 | €2,226 | €2,145 | -€81 | -3.7% |
| Non-recurring operating income | 76A | €8,264 | - | -€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,502 | €17,020 | +€6,518 | +62.1% |
| Other operating charges | 640/8 | €2,023 | €1,268 | -€755 | -37.3% |
| Gross operating margin | 9900 | €67,662 | €37,281 | -€30,381 | -44.9% |
| Operating profit (loss) | 9901 | €55,137 | €18,993 | -€36,144 | -65.6% |
| Financial income | 75/76B | €117 | €3 | -€115 | -97.8% |
| Recurring financial income | 75 | €117 | €3 | -€115 | -97.8% |
| Financial charges | 65/66B | €928 | €689 | -€239 | -25.7% |
| Recurring financial charges | 65 | €928 | €689 | -€239 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €54,327 | €18,307 | -€36,020 | -66.3% |
| Income taxes | 67/77 | €10,375 | €4,291 | -€6,083 | -58.6% |
| Profit (loss) for the period | 9904 | €43,952 | €14,015 | -€29,937 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,952 | €14,015 | -€29,937 | -68.1% |
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 10 October 2026 via checked.be.