Elevation: 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.
Elevation
Largest movements
- Cash +€54,232
up €54,232 (+105.8%), from €51,252 to €105,484
mainly Tax, wage and social debts (+€21,236) and Receivables within one year (+€15,631)
- Receivables within one year -€15,631
down €15,631 (-98.6%), from €15,849 to €218
of which Trade receivables: -€14,944
- Tax, wage and social debts +€21,236
up €21,236 (+530.9%), from €4,000 to €25,236
of which Remuneration and social security: +€18,281
- Other debts +€8,325
up €8,325 (+8141.5%), from €102 to €8,428
- Reserves +€7,500
up €7,500 (+23.5%), from €31,860 to €39,360
of which Tax-exempt reserves: +€7,500
- Gross operating margin -€20,778
down €20,778 (-57.5%), from €36,143 to €15,365
- Depreciation -€14,253
down €14,253 (-95.0%), from €15,003 to €751
- Other operating charges -€3,325
down €3,325 (-89.6%), from €3,713 to €387
- Taxes +€2,042
up €2,042 (+49.5%), from €4,125 to €6,167
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 | €69,562 | €107,412 | +€37,850 | +54.4% |
| Fixed assets | 21/28 | €2,461 | €1,710 | -€751 | -30.5% |
| Tangible fixed assets | 22/27 | €2,461 | €1,710 | -€751 | -30.5% |
| Furniture and vehicles | 24 | €2,461 | €1,710 | -€751 | -30.5% |
| Current assets | 29/58 | €67,101 | €105,702 | +€38,601 | +57.5% |
| Amounts receivable within one year | 40/41 | €15,849 | €218 | -€15,631 | -98.6% |
| Trade receivables | 40 | €14,944 | - | -€14,944 | |
| Other amounts receivable | 41 | €905 | €218 | -€687 | -75.9% |
| Cash at bank and in hand | 54/58 | €51,252 | €105,484 | +€54,232 | +105.8% |
| Total equity and liabilities | 10/49 | €69,562 | €107,412 | +€37,850 | +54.4% |
| Equity | 10/15 | €64,625 | €72,545 | +€7,920 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €39,360 | +€7,500 | +23.5% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Legal reserve | 130 | €6,860 | €6,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,000 | €32,500 | +€7,500 | +30.0% |
| Profit (loss) carried forward | 14 | €20,365 | €20,785 | +€420 | +2.1% |
| Amounts payable | 17/49 | €4,937 | €34,868 | +€29,930 | +606.2% |
| Amounts payable within one year | 42/48 | €4,937 | €34,868 | +€29,930 | +606.2% |
| Trade debts | 44 | €835 | €1,204 | +€369 | +44.3% |
| Suppliers | 440/4 | €835 | €1,204 | +€369 | +44.3% |
| Taxes, remuneration and social security | 45 | €4,000 | €25,236 | +€21,236 | +530.9% |
| Taxes | 450/3 | €1,264 | €4,219 | +€2,954 | +233.6% |
| Remuneration and social security | 454/9 | €2,736 | €21,017 | +€18,281 | +668.3% |
| Other amounts payable | 47/48 | €102 | €8,428 | +€8,325 | +8141.5% |
| Remuneration, social security and pensions | 62 | €240 | - | -€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,003 | €751 | -€14,253 | -95.0% |
| Other operating charges | 640/8 | €3,713 | €387 | -€3,325 | -89.6% |
| Gross operating margin | 9900 | €36,143 | €15,365 | -€20,778 | -57.5% |
| Operating profit (loss) | 9901 | €17,187 | €14,227 | -€2,960 | -17.2% |
| Financial charges | 65/66B | €120 | €140 | +€20 | +16.7% |
| Recurring financial charges | 65 | €120 | €140 | +€20 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €17,067 | €14,087 | -€2,980 | -17.5% |
| Income taxes | 67/77 | €4,125 | €6,167 | +€2,042 | +49.5% |
| Profit (loss) for the period | 9904 | €12,941 | €7,920 | -€5,022 | -38.8% |
| Transfer to tax-exempt reserves | 689 | - | €7,500 | +€7,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,941 | €420 | -€12,522 | -96.8% |
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 30 September 2026 via checked.be.