EURO WINDOW: 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.
EURO WINDOW
Largest movements
- Receivables within one year +€53,107
up €53,107 (+130%), from €40,926 to €94,033
of which Trade receivables: +€55,736
- Cash -€27,977
down €27,977 (-91.6%), from €30,531 to €2,554
mainly Receivables within one year (-€53,107) and Trade debts (-€21,900)
- Stocks and contracts -€2,000
down €2,000 (-46.5%), from €4,300 to €2,300
- Tangible fixed assets -€1,834
down €1,834 (-6.2%), from €29,747 to €27,914
of which Furniture and vehicles: -€2,000
- Accrued charges and deferred income +€34,831
up €34,831 (+20,603%), from €169 to €35,000
- Trade debts -€21,900
down €21,900 (-43.8%), from €50,048 to €28,148
- Tax, wage and social debts +€5,080
up €5,080 (+39.2%), from €12,966 to €18,046
of which Remuneration and social security: +€11,370
- Profit (loss) carried forward +€3,128
new in 2025: €3,128
- Turnover +€43,175
up €43,175 (+17.9%), from €241,438 to €284,613
- Purchases and services +€27,179
up €27,179 (+15.7%), from €173,473 to €200,652
- Staff costs +€17,440
up €17,440 (+29.4%), from €59,393 to €76,833
- Gross operating margin +€15,886
up €15,886 (+23.3%), from €68,315 to €84,201
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 | €105,662 | €126,801 | +€21,139 | +20.0% |
| Formation expenses | 20 | €157 | €0 | -€157 | -100% |
| Fixed assets | 21/28 | €29,747 | €27,914 | -€1,834 | -6.2% |
| Tangible fixed assets | 22/27 | €29,747 | €27,914 | -€1,834 | -6.2% |
| Plant, machinery and equipment | 23 | €2,120 | €2,287 | +€166 | +7.8% |
| Furniture and vehicles | 24 | €27,627 | €25,627 | -€2,000 | -7.2% |
| Current assets | 29/58 | €75,757 | €98,887 | +€23,130 | +30.5% |
| Stocks and contracts in progress | 3 | €4,300 | €2,300 | -€2,000 | -46.5% |
| Stocks | 30/36 | €4,300 | €2,300 | -€2,000 | -46.5% |
| Amounts receivable within one year | 40/41 | €40,926 | €94,033 | +€53,107 | +130% |
| Trade receivables | 40 | €37,854 | €93,590 | +€55,736 | +147% |
| Other amounts receivable | 41 | €3,072 | €443 | -€2,629 | -85.6% |
| Cash at bank and in hand | 54/58 | €30,531 | €2,554 | -€27,977 | -91.6% |
| Total equity and liabilities | 10/49 | €105,662 | €126,801 | +€21,139 | +20.0% |
| Equity | 10/15 | €42,479 | €45,607 | +€3,128 | +7.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | - | €3,000 | +€3,000 | |
| Issued capital | 100 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €39,479 | €39,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €39,179 | €39,179 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,128 | +€3,128 | |
| Amounts payable | 17/49 | €63,183 | €81,193 | +€18,011 | +28.5% |
| Amounts payable within one year | 42/48 | €63,013 | €46,193 | -€16,820 | -26.7% |
| Trade debts | 44 | €50,048 | €28,148 | -€21,900 | -43.8% |
| Suppliers | 440/4 | €50,048 | €28,148 | -€21,900 | -43.8% |
| Taxes, remuneration and social security | 45 | €12,966 | €18,046 | +€5,080 | +39.2% |
| Taxes | 450/3 | €10,083 | €3,793 | -€6,290 | -62.4% |
| Remuneration and social security | 454/9 | €2,883 | €14,253 | +€11,370 | +394% |
| Accrued charges and deferred income | 492/3 | €169 | €35,000 | +€34,831 | +20,603% |
| Turnover | 70 | €241,438 | €284,613 | +€43,175 | +17.9% |
| Non-recurring operating income | 76A | €350 | €240 | -€110 | -31.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €173,473 | €200,652 | +€27,179 | +15.7% |
| Remuneration, social security and pensions | 62 | €59,393 | €76,833 | +€17,440 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,391 | €3,083 | -€307 | -9.1% |
| Other operating charges | 640/8 | €1,224 | €710 | -€514 | -42.0% |
| Gross operating margin | 9900 | €68,315 | €84,201 | +€15,886 | +23.3% |
| Operating profit (loss) | 9901 | €4,308 | €3,575 | -€733 | -17.0% |
| Financial income | 75/76B | - | €411 | +€411 | |
| Recurring financial income | 75 | - | €411 | +€411 | |
| Financial charges | 65/66B | €203 | €74 | -€129 | -63.7% |
| Recurring financial charges | 65 | €203 | €74 | -€129 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €4,105 | €3,912 | -€193 | -4.7% |
| Income taxes | 67/77 | €922 | €953 | +€31 | +3.3% |
| Profit (loss) for the period | 9904 | €3,183 | €2,959 | -€223 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,183 | €2,959 | -€223 | -7.0% |
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 17 October 2026 via checked.be.