EFFERVESCENCE !: 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.
EFFERVESCENCE !
Largest movements
- Cash +€17,904
up €17,904 (+253.2%), from €7,072 to €24,976
mainly Net result for the year (+€31,109) and Trade debts (+€5,915)
- Tangible fixed assets +€9,468
new in 2025: €9,468
- Receivables within one year +€4,934
up €4,934 (+37.9%), from €13,006 to €17,940
- Deferred charges and accrued income +€679
up €679 (+70.4%), from €964 to €1,643
- Profit (loss) carried forward +€31,109
up €31,109, from -€28,898 to €2,211
- Trade debts +€5,915
up €5,915 (+250.7%), from €2,360 to €8,275
- Tax, wage and social debts +€4,954
up €4,954 (+74.9%), from €6,618 to €11,572
of which Taxes: +€4,954
- Accrued charges and deferred income -€4,560
no longer reported in 2025 (was €4,560)
- Other debts -€4,433
no longer reported in 2025 (was €4,433)
- Gross operating margin +€29,488
up €29,488 (+523.9%), from €5,628 to €35,116
- Taxes +€3,485
new in 2025: €3,485
- Other operating charges -€384
no longer reported in 2025 (was €384)
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 | €21,042 | €54,027 | +€32,985 | +156.8% |
| Fixed assets | 21/28 | - | €9,468 | +€9,468 | |
| Tangible fixed assets | 22/27 | - | €9,468 | +€9,468 | |
| Furniture and vehicles | 24 | - | €9,468 | +€9,468 | |
| Current assets | 29/58 | €21,042 | €44,558 | +€23,517 | +111.8% |
| Amounts receivable within one year | 40/41 | €13,006 | €17,940 | +€4,934 | +37.9% |
| Trade receivables | 40 | €13,006 | €17,940 | +€4,934 | +37.9% |
| Cash at bank and in hand | 54/58 | €7,072 | €24,976 | +€17,904 | +253.2% |
| Deferred charges and accrued income | 490/1 | €964 | €1,643 | +€679 | +70.4% |
| Total equity and liabilities | 10/49 | €21,042 | €54,027 | +€32,985 | +156.8% |
| Equity | 10/15 | €3,070 | €34,179 | +€31,109 | +1013.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,368 | €13,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,899 | €2,899 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,899 | €2,899 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,469 | €10,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,898 | €2,211 | +€31,109 | |
| Amounts payable | 17/49 | €17,971 | €19,847 | +€1,876 | +10.4% |
| Amounts payable within one year | 42/48 | €13,411 | €19,847 | +€6,436 | +48.0% |
| Trade debts | 44 | €2,360 | €8,275 | +€5,915 | +250.7% |
| Suppliers | 440/4 | €2,360 | €8,275 | +€5,915 | +250.7% |
| Taxes, remuneration and social security | 45 | €6,618 | €11,572 | +€4,954 | +74.9% |
| Taxes | 450/3 | €4,330 | €9,284 | +€4,954 | +114.4% |
| Remuneration and social security | 454/9 | €2,288 | €2,288 | = | 0.0% |
| Other amounts payable | 47/48 | €4,433 | - | -€4,433 | |
| Accrued charges and deferred income | 492/3 | €4,560 | - | -€4,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €35 | +€35 | |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €5,628 | €35,116 | +€29,488 | +523.9% |
| Operating profit (loss) | 9901 | €5,244 | €35,081 | +€29,838 | +569.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €191 | €491 | +€300 | +156.7% |
| Recurring financial charges | 65 | €191 | €491 | +€300 | +156.7% |
| Profit (loss) for the period before taxes | 9903 | €5,052 | €34,594 | +€29,542 | +584.7% |
| Income taxes | 67/77 | - | €3,485 | +€3,485 | |
| Profit (loss) for the period | 9904 | €5,052 | €31,109 | +€26,057 | +515.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,052 | €31,109 | +€26,057 | +515.7% |
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 7 October 2026 via checked.be.