EMAIL & DENTINE: 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.
EMAIL & DENTINE
Largest movements
- Cash -€13,531
down €13,531 (-59.9%), from €22,585 to €9,054
mainly Investment in fixed assets (net) (-€56,850) and Debts after one year (-€21,446)
- Tangible fixed assets -€5,870
down €5,870 (-1.3%), from €453,926 to €448,056
of which Land and buildings: -€19,807
- Debts after one year -€21,446
down €21,446 (-7.7%), from €277,087 to €255,641
- Tax, wage and social debts -€10,635
down €10,635 (-31.5%), from €33,770 to €23,135
of which Taxes: -€10,668
- Current portion of long-term debt +€7,146
up €7,146 (+13.8%), from €51,704 to €58,851
- Trade debts +€5,069
up €5,069 (+41.8%), from €12,138 to €17,207
- Gross operating margin -€46,041
down €46,041 (-18.5%), from €248,447 to €202,406
- Taxes -€15,266
down €15,266 (-70.9%), from €21,531 to €6,265
- Staff costs +€7,233
up €7,233 (+6.7%), from €107,713 to €114,946
- Depreciation +€5,726
up €5,726 (+10.0%), from €56,994 to €62,721
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.
Derived cash bridge
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 | €493,005 | €475,106 | -€17,899 | -3.6% |
| Fixed assets | 21/28 | €453,926 | €448,056 | -€5,870 | -1.3% |
| Tangible fixed assets | 22/27 | €453,926 | €448,056 | -€5,870 | -1.3% |
| Land and buildings | 22 | €356,411 | €336,604 | -€19,807 | -5.6% |
| Plant, machinery and equipment | 23 | €10,251 | €37,906 | +€27,655 | +270% |
| Furniture and vehicles | 24 | €87,264 | €73,546 | -€13,718 | -15.7% |
| Current assets | 29/58 | €39,079 | €27,050 | -€12,029 | -30.8% |
| Amounts receivable within one year | 40/41 | €14,710 | €13,817 | -€892 | -6.1% |
| Trade receivables | 40 | €13,314 | - | -€13,314 | |
| Other amounts receivable | 41 | €1,396 | €13,817 | +€12,421 | +890% |
| Cash at bank and in hand | 54/58 | €22,585 | €9,054 | -€13,531 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,785 | €4,179 | +€2,394 | +134% |
| Total equity and liabilities | 10/49 | €493,005 | €475,106 | -€17,899 | -3.6% |
| Equity | 10/15 | €114,888 | €116,293 | +€1,404 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,000 | €109,350 | +€1,350 | +1.3% |
| Distributable reserves | 133 | €108,000 | €109,350 | +€1,350 | +1.3% |
| Profit (loss) carried forward | 14 | €688 | €743 | +€54 | +7.9% |
| Amounts payable | 17/49 | €378,117 | €358,814 | -€19,304 | -5.1% |
| Amounts payable after more than one year | 17 | €277,087 | €255,641 | -€21,446 | -7.7% |
| Financial debts | 170/4 | €277,087 | €255,641 | -€21,446 | -7.7% |
| Amounts payable within one year | 42/48 | €99,112 | €99,192 | +€80 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €51,704 | €58,851 | +€7,146 | +13.8% |
| Trade debts | 44 | €12,138 | €17,207 | +€5,069 | +41.8% |
| Suppliers | 440/4 | €12,138 | €17,207 | +€5,069 | +41.8% |
| Taxes, remuneration and social security | 45 | €33,770 | €23,135 | -€10,635 | -31.5% |
| Taxes | 450/3 | €18,012 | €7,344 | -€10,668 | -59.2% |
| Remuneration and social security | 454/9 | €15,758 | €15,791 | +€33 | +0.2% |
| Other amounts payable | 47/48 | €1,500 | - | -€1,500 | |
| Accrued charges and deferred income | 492/3 | €1,919 | €3,981 | +€2,062 | +107% |
| Non-recurring operating income | 76A | €10,329 | €834 | -€9,496 | -91.9% |
| Remuneration, social security and pensions | 62 | €107,713 | €114,946 | +€7,233 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,994 | €62,721 | +€5,726 | +10.0% |
| Other operating charges | 640/8 | €4,217 | €3,941 | -€276 | -6.5% |
| Gross operating margin | 9900 | €248,447 | €202,406 | -€46,041 | -18.5% |
| Operating profit (loss) | 9901 | €79,523 | €20,798 | -€58,725 | -73.8% |
| Financial income | 75/76B | €111 | €3 | -€108 | -97.3% |
| Recurring financial income | 75 | €111 | €3 | -€108 | -97.3% |
| Financial charges | 65/66B | €13,011 | €13,132 | +€121 | +0.9% |
| Recurring financial charges | 65 | €13,011 | €13,132 | +€121 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €66,623 | €7,669 | -€58,954 | -88.5% |
| Income taxes | 67/77 | €21,531 | €6,265 | -€15,266 | -70.9% |
| Profit (loss) for the period | 9904 | €45,091 | €1,404 | -€43,687 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,091 | €1,404 | -€43,687 | -96.9% |
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 18 October 2026 via checked.be.