DOUBLE TAKE: 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 TAKE
Largest movements
- Receivables within one year -€133,275
down €133,275 (-86.6%), from €153,938 to €20,663
of which Trade receivables: -€132,975
- Cash +€48,091
up €48,091 (+37.3%), from €129,008 to €177,099
mainly Receivables within one year (+€133,275) and Depreciation (+€23,124)
- Tangible fixed assets -€23,124
down €23,124 (-21.9%), from €105,606 to €82,483
of which Other tangible fixed assets: -€14,726
- Trade debts -€117,091
down €117,091 (-71.1%), from €164,682 to €47,591
- Debts after one year -€19,964
down €19,964 (-70.5%), from €28,321 to €8,357
- Other debts +€11,663
up €11,663 (+23.5%), from €49,591 to €61,254
- Current portion of long-term debt +€7,811
up €7,811 (+163%), from €4,800 to €12,611
- Reserves +€4,500
up €4,500 (+6.8%), from €65,860 to €70,360
- Depreciation +€5,972
up €5,972 (+34.8%), from €17,152 to €23,124
- Gross operating margin -€5,184
down €5,184 (-9.9%), from €52,397 to €47,213
- Other operating charges -€3,201
down €3,201 (-19.0%), from €16,888 to €13,687
- Taxes -€786
down €786 (-16.6%), from €4,732 to €3,946
- Financial charges +€597
up €597 (+67.7%), from €882 to €1,480
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 | €388,702 | €280,394 | -€108,307 | -27.9% |
| Fixed assets | 21/28 | €105,756 | €82,633 | -€23,124 | -21.9% |
| Tangible fixed assets | 22/27 | €105,606 | €82,483 | -€23,124 | -21.9% |
| Furniture and vehicles | 24 | €39,879 | €31,481 | -€8,398 | -21.1% |
| Other tangible fixed assets | 26 | €65,727 | €51,002 | -€14,726 | -22.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €282,946 | €197,762 | -€85,184 | -30.1% |
| Amounts receivable within one year | 40/41 | €153,938 | €20,663 | -€133,275 | -86.6% |
| Trade receivables | 40 | €151,138 | €18,163 | -€132,975 | -88.0% |
| Other amounts receivable | 41 | €2,800 | €2,500 | -€300 | -10.7% |
| Cash at bank and in hand | 54/58 | €129,008 | €177,099 | +€48,091 | +37.3% |
| Total equity and liabilities | 10/49 | €388,702 | €280,394 | -€108,307 | -27.9% |
| Equity | 10/15 | €129,469 | €134,445 | +€4,976 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,860 | €70,360 | +€4,500 | +6.8% |
| Distributable reserves | 133 | €65,860 | €70,360 | +€4,500 | +6.8% |
| Profit (loss) carried forward | 14 | €45,009 | €45,485 | +€476 | +1.1% |
| Amounts payable | 17/49 | €259,233 | €145,949 | -€113,284 | -43.7% |
| Amounts payable after more than one year | 17 | €28,321 | €8,357 | -€19,964 | -70.5% |
| Financial debts | 170/4 | €28,321 | €8,357 | -€19,964 | -70.5% |
| Amounts payable within one year | 42/48 | €230,912 | €137,592 | -€93,320 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €4,800 | €12,611 | +€7,811 | +163% |
| Trade debts | 44 | €164,682 | €47,591 | -€117,091 | -71.1% |
| Suppliers | 440/4 | €164,682 | €47,591 | -€117,091 | -71.1% |
| Taxes, remuneration and social security | 45 | €11,838 | €16,136 | +€4,297 | +36.3% |
| Taxes | 450/3 | €11,838 | €16,136 | +€4,297 | +36.3% |
| Other amounts payable | 47/48 | €49,591 | €61,254 | +€11,663 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,152 | €23,124 | +€5,972 | +34.8% |
| Other operating charges | 640/8 | €16,888 | €13,687 | -€3,201 | -19.0% |
| Gross operating margin | 9900 | €52,397 | €47,213 | -€5,184 | -9.9% |
| Operating profit (loss) | 9901 | €18,357 | €10,402 | -€7,955 | -43.3% |
| Financial charges | 65/66B | €882 | €1,480 | +€597 | +67.7% |
| Recurring financial charges | 65 | €882 | €1,480 | +€597 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €17,475 | €8,922 | -€8,553 | -48.9% |
| Income taxes | 67/77 | €4,732 | €3,946 | -€786 | -16.6% |
| Profit (loss) for the period | 9904 | €12,743 | €4,976 | -€7,767 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,743 | €4,976 | -€7,767 | -61.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.