F/il: 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.
F/il
Largest movements
- Receivables within one year -€10,547
down €10,547 (-28.4%), from €37,116 to €26,569
of which Trade receivables: -€10,825
- Cash +€8,368
up €8,368 (+55.9%), from €14,971 to €23,339
mainly Depreciation (+€15,169) and Receivables within one year (+€10,547)
- Tangible fixed assets -€7,917
down €7,917 (-16.2%), from €49,004 to €41,087
of which Leasing and similar rights: -€7,057
- Deferred charges and accrued income -€5,665
down €5,665 (-31.2%), from €18,165 to €12,500
- Other debts -€24,039
down €24,039 (-61.0%), from €39,425 to €15,386
- Accrued charges and deferred income +€9,104
up €9,104, from €0 to €9,104
- Reserves +€5,688
up €5,688 (+17.2%), from €32,980 to €38,668
- Debts after one year -€4,782
down €4,782 (-28.4%), from €16,822 to €12,039
- Trade debts -€1,510
down €1,510 (-9.9%), from €15,257 to €13,747
- Gross operating margin -€2,511
down €2,511 (-8.0%), from €31,343 to €28,831
- Depreciation +€2,160
up €2,160 (+16.6%), from €13,008 to €15,169
- Other operating charges -€1,480
down €1,480 (-40.7%), from €3,639 to €2,159
- Taxes -€1,284
down €1,284 (-34.6%), from €3,711 to €2,427
- Financial charges +€346
up €346 (+11.2%), from €3,092 to €3,437
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 | €119,257 | €103,495 | -€15,762 | -13.2% |
| Fixed assets | 21/28 | €49,004 | €41,087 | -€7,917 | -16.2% |
| Tangible fixed assets | 22/27 | €49,004 | €41,087 | -€7,917 | -16.2% |
| Plant, machinery and equipment | 23 | €10,753 | €11,347 | +€594 | +5.5% |
| Furniture and vehicles | 24 | €4,645 | €3,693 | -€952 | -20.5% |
| Leasing and similar rights | 25 | €29,153 | €22,096 | -€7,057 | -24.2% |
| Other tangible fixed assets | 26 | €4,453 | €3,951 | -€502 | -11.3% |
| Current assets | 29/58 | €70,252 | €62,408 | -€7,844 | -11.2% |
| Amounts receivable within one year | 40/41 | €37,116 | €26,569 | -€10,547 | -28.4% |
| Trade receivables | 40 | €34,816 | €23,992 | -€10,825 | -31.1% |
| Other amounts receivable | 41 | €2,300 | €2,577 | +€277 | +12.1% |
| Cash at bank and in hand | 54/58 | €14,971 | €23,339 | +€8,368 | +55.9% |
| Deferred charges and accrued income | 490/1 | €18,165 | €12,500 | -€5,665 | -31.2% |
| Total equity and liabilities | 10/49 | €119,257 | €103,495 | -€15,762 | -13.2% |
| Equity | 10/15 | €35,980 | €41,668 | +€5,688 | +15.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,980 | €38,668 | +€5,688 | +17.2% |
| Distributable reserves | 133 | €32,980 | €38,668 | +€5,688 | +17.2% |
| Amounts payable | 17/49 | €83,277 | €61,828 | -€21,449 | -25.8% |
| Amounts payable after more than one year | 17 | €16,822 | €12,039 | -€4,782 | -28.4% |
| Financial debts | 170/4 | €16,822 | €12,039 | -€4,782 | -28.4% |
| Amounts payable within one year | 42/48 | €66,455 | €40,684 | -€25,771 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €4,587 | €4,782 | +€196 | +4.3% |
| Trade debts | 44 | €15,257 | €13,747 | -€1,510 | -9.9% |
| Suppliers | 440/4 | €15,257 | €13,747 | -€1,510 | -9.9% |
| Taxes, remuneration and social security | 45 | €7,187 | €6,769 | -€418 | -5.8% |
| Taxes | 450/3 | €5,801 | €5,350 | -€451 | -7.8% |
| Remuneration and social security | 454/9 | €1,386 | €1,419 | +€33 | +2.4% |
| Other amounts payable | 47/48 | €39,425 | €15,386 | -€24,039 | -61.0% |
| Accrued charges and deferred income | 492/3 | €0 | €9,104 | +€9,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,008 | €15,169 | +€2,160 | +16.6% |
| Other operating charges | 640/8 | €3,639 | €2,159 | -€1,480 | -40.7% |
| Gross operating margin | 9900 | €31,343 | €28,831 | -€2,511 | -8.0% |
| Operating profit (loss) | 9901 | €14,695 | €11,503 | -€3,192 | -21.7% |
| Financial income | 75/76B | €13 | €49 | +€36 | +276.2% |
| Recurring financial income | 75 | €13 | €49 | +€36 | +276.2% |
| Financial charges | 65/66B | €3,092 | €3,437 | +€346 | +11.2% |
| Recurring financial charges | 65 | €3,092 | €3,437 | +€346 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €11,616 | €8,115 | -€3,501 | -30.1% |
| Income taxes | 67/77 | €3,711 | €2,427 | -€1,284 | -34.6% |
| Profit (loss) for the period | 9904 | €7,906 | €5,688 | -€2,218 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,906 | €5,688 | -€2,218 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.