Dr. E. Özpak: 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.
Dr. E. Özpak
Largest movements
- Formation expenses -€929
down €929 (-100.0%), from €929 to €0
- Tangible fixed assets -€784
down €784 (-16.8%), from €4,667 to €3,882
- Cash -€611
down €611 (-34.0%), from €1,797 to €1,186
mainly Net result for the year (-€3,517) and Investment in fixed assets (net) (-€1,479)
- Receivables within one year +€414
new in 2025: €414
- Deferred charges and accrued income +€392
new in 2025: €392
- Profit (loss) carried forward -€3,517
down €3,517 (-60.2%), from -€5,838 to -€9,355
- Other debts +€2,000
up €2,000 (+20.1%), from €9,974 to €11,974
- Gross operating margin +€2,511
up €2,511 (+98.0%), from -€2,562 to -€51
- Other operating charges +€100
new in 2025: €100
- Taxes +€49
up €49 (+59.9%), from €81 to €130
- Financial charges +€40
up €40 (+1238.5%), from €3 to €44
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 | €7,768 | €6,249 | -€1,519 | -19.6% |
| Formation expenses | 20 | €929 | €0 | -€929 | -100.0% |
| Fixed assets | 21/28 | €5,042 | €4,257 | -€784 | -15.6% |
| Tangible fixed assets | 22/27 | €4,667 | €3,882 | -€784 | -16.8% |
| Furniture and vehicles | 24 | €4,667 | €3,882 | -€784 | -16.8% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €1,797 | €1,992 | +€195 | +10.9% |
| Amounts receivable within one year | 40/41 | - | €414 | +€414 | |
| Trade receivables | 40 | - | €414 | +€414 | |
| Cash at bank and in hand | 54/58 | €1,797 | €1,186 | -€611 | -34.0% |
| Deferred charges and accrued income | 490/1 | - | €392 | +€392 | |
| Total equity and liabilities | 10/49 | €7,768 | €6,249 | -€1,519 | -19.6% |
| Equity | 10/15 | -€2,338 | -€5,855 | -€3,517 | -150.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,838 | -€9,355 | -€3,517 | -60.2% |
| Amounts payable | 17/49 | €10,106 | €12,104 | +€1,998 | +19.8% |
| Amounts payable within one year | 42/48 | €10,106 | €12,104 | +€1,998 | +19.8% |
| Trade debts | 44 | €51 | €0 | -€51 | -100.0% |
| Suppliers | 440/4 | €51 | €0 | -€51 | -100.0% |
| Taxes, remuneration and social security | 45 | €81 | €130 | +€49 | +59.9% |
| Taxes | 450/3 | €81 | €130 | +€49 | +59.9% |
| Other amounts payable | 47/48 | €9,974 | €11,974 | +€2,000 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,192 | €3,193 | +€1 | 0.0% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€2,562 | -€51 | +€2,511 | +98.0% |
| Operating profit (loss) | 9901 | -€5,754 | -€3,343 | +€2,410 | +41.9% |
| Financial charges | 65/66B | €3 | €44 | +€40 | +1238.5% |
| Recurring financial charges | 65 | €3 | €44 | +€40 | +1238.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,757 | -€3,387 | +€2,370 | +41.2% |
| Income taxes | 67/77 | €81 | €130 | +€49 | +59.9% |
| Profit (loss) for the period | 9904 | -€5,838 | -€3,517 | +€2,321 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,838 | -€3,517 | +€2,321 | +39.8% |
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.