EIGHTY FOUR: 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.
EIGHTY FOUR
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-73.1%), from €1.4m to €383,501
- Receivables within one year +€432,003
up €432,003 (+56.5%), from €764,744 to €1.2m
of which Other amounts receivable: +€768,953
- Cash -€259,807
down €259,807 (-66.4%), from €391,170 to €131,363
mainly Short-term financial debts (-€650,000) and Receivables within one year (-€432,003)
- Tangible fixed assets -€173,952
down €173,952 (-30.9%), from €562,944 to €388,992
of which Plant, machinery and equipment: -€92,925
- Short-term financial debts -€650,000
down €650,000 (-100.0%), from €650,000 to €0
- Debts after one year -€215,073
down €215,073 (-30.0%), from €717,192 to €502,120
- Tax, wage and social debts -€157,553
down €157,553 (-99.3%), from €158,668 to €1,115
of which Remuneration and social security: -€157,505
- Reserves -€105,835
down €105,835 (-8.0%), from €1.3m to €1.2m
of which Distributable reserves: -€105,835
- Current portion of long-term debt +€45,575
up €45,575 (+26.9%), from €169,498 to €215,073
- Staff costs -€1.2m
down €1.2m (-76.0%), from €1.6m to €394,762
- Gross operating margin -€845,502
down €845,502 (-39.5%), from €2.1m to €1.3m
- Depreciation -€99,248
down €99,248 (-100.0%), from €99,248 to €0
- Write-downs -€70,640
down €70,640 (-60.2%), from €117,283 to €46,643
- Other operating charges -€26,585
down €26,585 (-34.6%), from €76,931 to €50,346
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 | €3,168,659 | €2,117,831 | -€1.1m | -33.2% |
| Fixed assets | 21/28 | €565,524 | €391,572 | -€173,952 | -30.8% |
| Tangible fixed assets | 22/27 | €562,944 | €388,992 | -€173,952 | -30.9% |
| Land and buildings | 22 | €294,831 | €274,737 | -€20,094 | -6.8% |
| Plant, machinery and equipment | 23 | €137,569 | €44,644 | -€92,925 | -67.5% |
| Furniture and vehicles | 24 | €130,543 | €69,611 | -€60,933 | -46.7% |
| Financial fixed assets | 28 | €2,580 | €2,580 | = | 0.0% |
| Current assets | 29/58 | €2,603,135 | €1,726,260 | -€876,875 | -33.7% |
| Stocks and contracts in progress | 3 | €1,427,790 | €383,501 | -€1.0m | -73.1% |
| Stocks | 30/36 | €1,427,790 | €383,501 | -€1.0m | -73.1% |
| Amounts receivable within one year | 40/41 | €764,744 | €1,196,747 | +€432,003 | +56.5% |
| Trade receivables | 40 | €677,156 | €340,207 | -€336,950 | -49.8% |
| Other amounts receivable | 41 | €87,588 | €856,541 | +€768,953 | +877.9% |
| Cash at bank and in hand | 54/58 | €391,170 | €131,363 | -€259,807 | -66.4% |
| Deferred charges and accrued income | 490/1 | €19,430 | €14,649 | -€4,782 | -24.6% |
| Total equity and liabilities | 10/49 | €3,168,659 | €2,117,831 | -€1.1m | -33.2% |
| Equity | 10/15 | €1,446,379 | €1,340,544 | -€105,835 | -7.3% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Contributions outside capital | 11 | €115,000 | €115,000 | = | 0.0% |
| Other | 1109/19 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €1,330,387 | €1,224,552 | -€105,835 | -8.0% |
| Non-distributable reserves | 130/1 | €11,500 | €11,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,500 | €11,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,887 | €15,887 | = | 0.0% |
| Distributable reserves | 133 | €1,303,000 | €1,197,165 | -€105,835 | -8.1% |
| Profit (loss) carried forward | 14 | €992 | €992 | = | 0.0% |
| Amounts payable | 17/49 | €1,722,280 | €777,288 | -€944,993 | -54.9% |
| Amounts payable after more than one year | 17 | €717,192 | €502,120 | -€215,073 | -30.0% |
| Financial debts | 170/4 | €717,192 | €502,120 | -€215,073 | -30.0% |
| Amounts payable within one year | 42/48 | €1,004,655 | €274,014 | -€730,641 | -72.7% |
| Current portion of amounts payable after more than one year | 42 | €169,498 | €215,073 | +€45,575 | +26.9% |
| Financial debts | 43 | €650,000 | €0 | -€650,000 | -100.0% |
| Credit institutions | 430/8 | €650,000 | €0 | -€650,000 | -100.0% |
| Trade debts | 44 | €26,292 | €52,231 | +€25,939 | +98.7% |
| Suppliers | 440/4 | €26,292 | €52,231 | +€25,939 | +98.7% |
| Taxes, remuneration and social security | 45 | €158,668 | €1,115 | -€157,553 | -99.3% |
| Taxes | 450/3 | €352 | €304 | -€48 | -13.6% |
| Remuneration and social security | 454/9 | €158,316 | €811 | -€157,505 | -99.5% |
| Other amounts payable | 47/48 | €197 | €5,595 | +€5,398 | +2743.7% |
| Accrued charges and deferred income | 492/3 | €433 | €1,154 | +€721 | +166.8% |
| Non-recurring operating income | 76A | - | €349,403 | +€349,403 | |
| Remuneration, social security and pensions | 62 | €1,644,154 | €394,762 | -€1.2m | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,248 | €0 | -€99,248 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117,283 | €46,643 | -€70,640 | -60.2% |
| Other operating charges | 640/8 | €76,931 | €50,346 | -€26,585 | -34.6% |
| Non-recurring operating charges | 66A | - | €826,784 | +€826,784 | |
| Gross operating margin | 9900 | €2,138,752 | €1,293,250 | -€845,502 | -39.5% |
| Operating profit (loss) | 9901 | €201,137 | -€25,284 | -€226,422 | |
| Financial income | 75/76B | €4,934 | €1,830 | -€3,103 | -62.9% |
| Recurring financial income | 75 | €4,934 | €1,830 | -€3,103 | -62.9% |
| Financial charges | 65/66B | €57,201 | €82,069 | +€24,868 | +43.5% |
| Recurring financial charges | 65 | €57,201 | €81,786 | +€24,584 | +43.0% |
| Non-recurring financial charges | 66B | €0 | €284 | +€284 | |
| Profit (loss) for the period before taxes | 9903 | €148,870 | -€105,524 | -€254,393 | |
| Income taxes | 67/77 | €1,427 | €311 | -€1,115 | -78.2% |
| Profit (loss) for the period | 9904 | €147,443 | -€105,835 | -€253,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,443 | -€105,835 | -€253,278 |
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.