Emittance: 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.
Emittance
Largest movements
- Receivables within one year +€1,874
up €1,874 (+4.2%), from €44,966 to €46,840
of which Other amounts receivable: +€7,585
- Deferred charges and accrued income +€1,865
up €1,865 (+320%), from €582 to €2,447
- Profit (loss) carried forward +€25,388
up €25,388 (+53.3%), from €47,661 to €73,049
- Other debts -€21,501
down €21,501 (-51.1%), from €42,056 to €20,555
- Tax, wage and social debts +€2,967
up €2,967 (+28.9%), from €10,249 to €13,216
of which Taxes: +€2,967
- Trade debts -€1,611
down €1,611 (-73.4%), from €2,194 to €583
- Gross operating margin -€27,639
down €27,639 (-39.0%), from €70,837 to €43,198
- Taxes -€5,005
down €5,005 (-36.7%), from €13,657 to €8,651
- Depreciation -€2,180
down €2,180 (-23.4%), from €9,299 to €7,119
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 | €122,867 | €128,303 | +€5,436 | +4.4% |
| Fixed assets | 21/28 | €17,029 | €17,929 | +€900 | +5.3% |
| Tangible fixed assets | 22/27 | €17,029 | €17,929 | +€900 | +5.3% |
| Plant, machinery and equipment | 23 | €6,963 | €10,640 | +€3,676 | +52.8% |
| Furniture and vehicles | 24 | €8,779 | €7,289 | -€1,490 | -17.0% |
| Other tangible fixed assets | 26 | €1,286 | €0 | -€1,286 | -100% |
| Current assets | 29/58 | €105,838 | €110,374 | +€4,536 | +4.3% |
| Amounts receivable within one year | 40/41 | €44,966 | €46,840 | +€1,874 | +4.2% |
| Trade receivables | 40 | €43,623 | €37,911 | -€5,712 | -13.1% |
| Other amounts receivable | 41 | €1,343 | €8,929 | +€7,585 | +565% |
| Cash at bank and in hand | 54/58 | €60,289 | €61,087 | +€797 | +1.3% |
| Deferred charges and accrued income | 490/1 | €582 | €2,447 | +€1,865 | +320% |
| Total equity and liabilities | 10/49 | €122,867 | €128,303 | +€5,436 | +4.4% |
| Equity | 10/15 | €66,261 | €91,649 | +€25,388 | +38.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,661 | €73,049 | +€25,388 | +53.3% |
| Amounts payable | 17/49 | €56,606 | €36,654 | -€19,951 | -35.2% |
| Amounts payable within one year | 42/48 | €56,606 | €35,762 | -€20,844 | -36.8% |
| Financial debts | 43 | €2,106 | €1,408 | -€698 | -33.2% |
| Credit institutions | 430/8 | €2,106 | €1,408 | -€698 | -33.2% |
| Trade debts | 44 | €2,194 | €583 | -€1,611 | -73.4% |
| Suppliers | 440/4 | €2,194 | €583 | -€1,611 | -73.4% |
| Taxes, remuneration and social security | 45 | €10,249 | €13,216 | +€2,967 | +28.9% |
| Taxes | 450/3 | €10,249 | €13,216 | +€2,967 | +29.0% |
| Remuneration and social security | 454/9 | €1 | €0 | -€1 | -100% |
| Other amounts payable | 47/48 | €42,056 | €20,555 | -€21,501 | -51.1% |
| Accrued charges and deferred income | 492/3 | - | €893 | +€893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,299 | €7,119 | -€2,180 | -23.4% |
| Other operating charges | 640/8 | €735 | €1,078 | +€343 | +46.7% |
| Gross operating margin | 9900 | €70,837 | €43,198 | -€27,639 | -39.0% |
| Operating profit (loss) | 9901 | €60,803 | €35,001 | -€25,802 | -42.4% |
| Financial income | 75/76B | €10 | €80 | +€70 | +665% |
| Recurring financial income | 75 | €10 | €80 | +€70 | +665% |
| Financial charges | 65/66B | €636 | €1,042 | +€406 | +63.9% |
| Recurring financial charges | 65 | €636 | €1,042 | +€406 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €60,177 | €34,039 | -€26,138 | -43.4% |
| Income taxes | 67/77 | €13,657 | €8,651 | -€5,005 | -36.7% |
| Profit (loss) for the period | 9904 | €46,521 | €25,388 | -€21,133 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,521 | €25,388 | -€21,133 | -45.4% |
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 24 October 2026 via checked.be.