e-Origin: 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.
e-Origin
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash +€173,672
up €173,672 (+29.9%), from €581,674 to €755,346
mainly Net result for the year (+€569,112) and Trade debts (+€59,387)
- Receivables within one year -€33,098
down €33,098 (-10.6%), from €312,448 to €279,350
of which Trade receivables: -€33,475
- Profit (loss) carried forward +€569,112
up €569,112 (+130.3%), from €436,869 to €1.0m
- Trade debts +€59,387
up €59,387 (+49.1%), from €120,862 to €180,249
- Staff costs +€61,396
up €61,396 (+223.7%), from €27,442 to €88,838
- Gross operating margin -€39,464
down €39,464 (-5.5%), from €714,842 to €675,378
- Write-downs +€22,502
up €22,502, from -€5,554 to €16,948
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 | €899,104 | €1,540,977 | +€641,874 | +71.4% |
| Fixed assets | 21/28 | €2,805 | €2,302 | -€503 | -17.9% |
| Tangible fixed assets | 22/27 | €1,449 | €946 | -€503 | -34.7% |
| Furniture and vehicles | 24 | €1,449 | €946 | -€503 | -34.7% |
| Financial fixed assets | 28 | €1,356 | €1,356 | = | 0.0% |
| Current assets | 29/58 | €896,299 | €1,538,676 | +€642,377 | +71.7% |
| Amounts receivable within one year | 40/41 | €312,448 | €279,350 | -€33,098 | -10.6% |
| Trade receivables | 40 | €312,448 | €278,972 | -€33,475 | -10.7% |
| Other amounts receivable | 41 | - | €377 | +€377 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €581,674 | €755,346 | +€173,672 | +29.9% |
| Deferred charges and accrued income | 490/1 | €2,177 | €3,980 | +€1,803 | +82.8% |
| Total equity and liabilities | 10/49 | €899,104 | €1,540,977 | +€641,874 | +71.4% |
| Equity | 10/15 | €741,869 | €1,310,981 | +€569,112 | +76.7% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,869 | €1,005,981 | +€569,112 | +130.3% |
| Amounts payable | 17/49 | €157,234 | €229,996 | +€72,762 | +46.3% |
| Amounts payable within one year | 42/48 | €157,234 | €229,996 | +€72,762 | +46.3% |
| Financial debts | 43 | €1,074 | €552 | -€522 | -48.6% |
| Credit institutions | 430/8 | €1,074 | €552 | -€522 | -48.6% |
| Trade debts | 44 | €120,862 | €180,249 | +€59,387 | +49.1% |
| Suppliers | 440/4 | €120,862 | €180,249 | +€59,387 | +49.1% |
| Taxes, remuneration and social security | 45 | €35,269 | €49,193 | +€13,924 | +39.5% |
| Taxes | 450/3 | €30,545 | €31,423 | +€878 | +2.9% |
| Remuneration and social security | 454/9 | €4,724 | €17,770 | +€13,046 | +276.2% |
| Other amounts payable | 47/48 | €30 | €3 | -€28 | -90.8% |
| Remuneration, social security and pensions | 62 | €27,442 | €88,838 | +€61,396 | +223.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €503 | +€442 | +731.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,554 | €16,948 | +€22,502 | |
| Other operating charges | 640/8 | €6,419 | €956 | -€5,463 | -85.1% |
| Gross operating margin | 9900 | €714,842 | €675,378 | -€39,464 | -5.5% |
| Operating profit (loss) | 9901 | €686,474 | €568,133 | -€118,342 | -17.2% |
| Financial income | 75/76B | €20 | €1,265 | +€1,245 | +6176.7% |
| Recurring financial income | 75 | €20 | €1,265 | +€1,245 | +6176.7% |
| Financial charges | 65/66B | €323 | €286 | -€36 | -11.3% |
| Recurring financial charges | 65 | €323 | €286 | -€36 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €686,172 | €569,112 | -€117,060 | -17.1% |
| Profit (loss) for the period | 9904 | €686,172 | €569,112 | -€117,060 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €686,172 | €569,112 | -€117,060 | -17.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.