EL CONTE: 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.
EL CONTE
Largest movements
- Receivables within one year +€40,657
up €40,657 (+294.7%), from €13,794 to €54,451
of which Trade receivables: +€36,170
- Current investments +€18,706
up €18,706 (+562.1%), from €3,328 to €22,034
- Cash +€7,106
up €7,106 (+73.6%), from €9,657 to €16,763
mainly Net result for the year (+€51,535) and Advances received (+€49,976)
- Tangible fixed assets +€4,010
up €4,010 (+57.3%), from €7,000 to €11,010
- Reserves +€51,000
new in 2025: €51,000
- Advances received +€49,976
new in 2025: €49,976
- Other debts -€21,607
down €21,607 (-53.3%), from €40,539 to €18,932
- Tax, wage and social debts -€11,725
down €11,725 (-68.5%), from €17,108 to €5,383
of which Taxes: -€11,326
- Short-term financial debts +€2,276
new in 2025: €2,276
- Financial income +€27,005
up €27,005 (+180032.9%), from €15 to €27,020
of which Financial income: +€27,005
- Depreciation -€914
down €914 (-36.4%), from €2,510 to €1,596
- Gross operating margin -€534
down €534 (-1.3%), from €40,881 to €40,347
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 | €93,779 | €164,258 | +€70,479 | +75.2% |
| Fixed assets | 21/28 | €67,000 | €71,010 | +€4,010 | +6.0% |
| Tangible fixed assets | 22/27 | €7,000 | €11,010 | +€4,010 | +57.3% |
| Furniture and vehicles | 24 | €7,000 | €11,010 | +€4,010 | +57.3% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €26,779 | €93,249 | +€66,470 | +248.2% |
| Amounts receivable within one year | 40/41 | €13,794 | €54,451 | +€40,657 | +294.7% |
| Trade receivables | 40 | €13,794 | €49,964 | +€36,170 | +262.2% |
| Other amounts receivable | 41 | - | €4,487 | +€4,487 | |
| Current investments | 50/53 | €3,328 | €22,034 | +€18,706 | +562.1% |
| Cash at bank and in hand | 54/58 | €9,657 | €16,763 | +€7,106 | +73.6% |
| Total equity and liabilities | 10/49 | €93,779 | €164,258 | +€70,479 | +75.2% |
| Equity | 10/15 | €31,953 | €83,488 | +€51,535 | +161.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €51,000 | +€51,000 | |
| Distributable reserves | 133 | - | €51,000 | +€51,000 | |
| Profit (loss) carried forward | 14 | €21,953 | €22,488 | +€535 | +2.4% |
| Amounts payable | 17/49 | €61,826 | €80,770 | +€18,944 | +30.6% |
| Amounts payable within one year | 42/48 | €61,826 | €80,770 | +€18,944 | +30.6% |
| Financial debts | 43 | - | €2,276 | +€2,276 | |
| Credit institutions | 430/8 | - | €2,276 | +€2,276 | |
| Trade debts | 44 | €4,179 | €4,204 | +€25 | +0.6% |
| Suppliers | 440/4 | €4,179 | €4,204 | +€25 | +0.6% |
| Advances received on contracts in progress | 46 | - | €49,976 | +€49,976 | |
| Taxes, remuneration and social security | 45 | €17,108 | €5,383 | -€11,725 | -68.5% |
| Taxes | 450/3 | €11,364 | €38 | -€11,326 | -99.7% |
| Remuneration and social security | 454/9 | €5,744 | €5,345 | -€399 | -6.9% |
| Other amounts payable | 47/48 | €40,539 | €18,932 | -€21,607 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,510 | €1,596 | -€914 | -36.4% |
| Non-recurring operating charges | 66A | - | €6,112 | +€6,112 | |
| Gross operating margin | 9900 | €40,881 | €40,347 | -€534 | -1.3% |
| Operating profit (loss) | 9901 | €38,371 | €32,639 | -€5,732 | -14.9% |
| Financial income | 75/76B | €15 | €27,020 | +€27,005 | +180032.9% |
| Recurring financial income | 75 | €15 | €27,020 | +€27,005 | +180032.9% |
| Non-recurring financial income | 76B | €15 | - | -€15 | |
| Financial charges | 65/66B | €187 | €102 | -€85 | -45.7% |
| Recurring financial charges | 65 | €187 | €102 | -€85 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €38,199 | €59,558 | +€21,359 | +55.9% |
| Income taxes | 67/77 | €8,246 | €8,022 | -€224 | -2.7% |
| Profit (loss) for the period | 9904 | €29,953 | €51,535 | +€21,582 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,953 | €51,535 | +€21,582 | +72.1% |
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 8 October 2026 via checked.be.