EXPERT VISION: 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.
EXPERT VISION
Largest movements
- Receivables within one year -€21,501
down €21,501 (-47.2%), from €45,571 to €24,070
of which Other amounts receivable: -€12,133
- Tangible fixed assets -€18,505
down €18,505 (-21.4%), from €86,605 to €68,101
of which Furniture and vehicles: -€17,602
- Cash +€2,336
up €2,336 (+27.9%), from €8,363 to €10,700
mainly Receivables within one year (+€21,501) and Depreciation (+€21,448)
- Deferred charges and accrued income +€1,547
up €1,547 (+47.3%), from €3,269 to €4,816
- Profit (loss) carried forward -€20,000
down €20,000 (-76.5%), from €26,142 to €6,142
- Trade debts -€19,354
down €19,354 (-97.0%), from €19,956 to €602
- Debts after one year -€11,764
down €11,764 (-16.3%), from €72,152 to €60,388
- Reserves +€7,519
new in 2025: €7,519
- Tax, wage and social debts +€5,767
up €5,767 (+128%), from €4,495 to €10,263
of which Taxes: +€7,999
- Gross operating margin +€18,898
up €18,898 (+92.7%), from €20,386 to €39,285
- Depreciation +€7,049
up €7,049 (+49.0%), from €14,399 to €21,448
- Financial income -€3,723
down €3,723 (-80.0%), from €4,653 to €930
- Taxes +€3,043
up €3,043 (+230%), from €1,326 to €4,368
- Financial charges +€2,980
up €2,980 (+76.4%), from €3,899 to €6,879
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 | €143,809 | €107,686 | -€36,122 | -25.1% |
| Fixed assets | 21/28 | €86,605 | €68,101 | -€18,505 | -21.4% |
| Tangible fixed assets | 22/27 | €86,605 | €68,101 | -€18,505 | -21.4% |
| Plant, machinery and equipment | 23 | €2,207 | €1,304 | -€903 | -40.9% |
| Furniture and vehicles | 24 | €84,399 | €66,797 | -€17,602 | -20.9% |
| Current assets | 29/58 | €57,203 | €39,585 | -€17,618 | -30.8% |
| Amounts receivable within one year | 40/41 | €45,571 | €24,070 | -€21,501 | -47.2% |
| Trade receivables | 40 | €25,883 | €16,514 | -€9,369 | -36.2% |
| Other amounts receivable | 41 | €19,688 | €7,555 | -€12,133 | -61.6% |
| Cash at bank and in hand | 54/58 | €8,363 | €10,700 | +€2,336 | +27.9% |
| Deferred charges and accrued income | 490/1 | €3,269 | €4,816 | +€1,547 | +47.3% |
| Total equity and liabilities | 10/49 | €143,809 | €107,686 | -€36,122 | -25.1% |
| Equity | 10/15 | €34,669 | €22,189 | -€12,481 | -36.0% |
| Contributions | 10/11 | €8,527 | €8,527 | = | 0.0% |
| Reserves | 13 | - | €7,519 | +€7,519 | |
| Distributable reserves | 133 | - | €7,519 | +€7,519 | |
| Profit (loss) carried forward | 14 | €26,142 | €6,142 | -€20,000 | -76.5% |
| Amounts payable | 17/49 | €109,139 | €85,497 | -€23,642 | -21.7% |
| Amounts payable after more than one year | 17 | €72,152 | €60,388 | -€11,764 | -16.3% |
| Financial debts | 170/4 | €72,152 | €60,388 | -€11,764 | -16.3% |
| Amounts payable within one year | 42/48 | €36,891 | €25,109 | -€11,782 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €11,870 | €13,524 | +€1,654 | +13.9% |
| Trade debts | 44 | €19,956 | €602 | -€19,354 | -97.0% |
| Suppliers | 440/4 | €19,956 | €602 | -€19,354 | -97.0% |
| Taxes, remuneration and social security | 45 | €4,495 | €10,263 | +€5,767 | +128% |
| Taxes | 450/3 | €1,655 | €9,655 | +€7,999 | +483% |
| Remuneration and social security | 454/9 | €2,840 | €608 | -€2,232 | -78.6% |
| Other amounts payable | 47/48 | €570 | €720 | +€150 | +26.3% |
| Accrued charges and deferred income | 492/3 | €96 | €0 | -€96 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,399 | €21,448 | +€7,049 | +49.0% |
| Other operating charges | 640/8 | €1,331 | €0 | -€1,331 | -100% |
| Gross operating margin | 9900 | €20,386 | €39,285 | +€18,898 | +92.7% |
| Operating profit (loss) | 9901 | €4,656 | €17,837 | +€13,181 | +283% |
| Financial income | 75/76B | €4,653 | €930 | -€3,723 | -80.0% |
| Recurring financial income | 75 | €4,653 | €930 | -€3,723 | -80.0% |
| Financial charges | 65/66B | €3,899 | €6,879 | +€2,980 | +76.4% |
| Recurring financial charges | 65 | €3,899 | €6,879 | +€2,980 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €5,410 | €11,888 | +€6,477 | +120% |
| Income taxes | 67/77 | €1,326 | €4,368 | +€3,043 | +230% |
| Profit (loss) for the period | 9904 | €4,085 | €7,519 | +€3,435 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,085 | €7,519 | +€3,435 | +84.1% |
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 14 October 2026 via checked.be.