feel rouge: 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.
feel rouge
Largest movements
- Receivables within one year -€64,410
down €64,410 (-47.3%), from €136,080 to €71,670
of which Trade receivables: -€46,380
- Tangible fixed assets -€45,320
down €45,320 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€41,598
- Debts after one year -€55,941
down €55,941 (-6.6%), from €852,745 to €796,804
of which Financial debts: -€55,941
- Profit (loss) carried forward -€51,990
down €51,990 (-20.2%), from €257,712 to €205,722
- Tax, wage and social debts -€28,687
down €28,687 (-99.3%), from €28,901 to €214
- Other debts +€19,922
up €19,922 (+10.7%), from €185,552 to €205,475
- Gross operating margin -€128,497
down €128,497 (-81.7%), from €157,224 to €28,727
- Other operating charges -€29,596
down €29,596 (-74.0%), from €40,001 to €10,405
- Taxes -€11,133
down €11,133 (-98.1%), from €11,347 to €214
- Depreciation +€6,419
up €6,419 (+16.5%), from €38,901 to €45,320
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 | €1,453,374 | €1,344,775 | -€108,598 | -7.5% |
| Fixed assets | 21/28 | €1,301,854 | €1,256,534 | -€45,320 | -3.5% |
| Tangible fixed assets | 22/27 | €1,301,854 | €1,256,534 | -€45,320 | -3.5% |
| Land and buildings | 22 | €1,287,359 | €1,245,760 | -€41,598 | -3.2% |
| Plant, machinery and equipment | 23 | €12,486 | €9,390 | -€3,096 | -24.8% |
| Furniture and vehicles | 24 | €2,009 | €1,384 | -€625 | -31.1% |
| Current assets | 29/58 | €151,520 | €88,242 | -€63,278 | -41.8% |
| Amounts receivable within one year | 40/41 | €136,080 | €71,670 | -€64,410 | -47.3% |
| Trade receivables | 40 | €106,080 | €59,700 | -€46,380 | -43.7% |
| Other amounts receivable | 41 | €30,000 | €11,970 | -€18,030 | -60.1% |
| Cash at bank and in hand | 54/58 | €11,974 | €9,342 | -€2,632 | -22.0% |
| Deferred charges and accrued income | 490/1 | €3,466 | €7,229 | +€3,763 | +109% |
| Total equity and liabilities | 10/49 | €1,453,374 | €1,344,775 | -€108,598 | -7.5% |
| Equity | 10/15 | €323,183 | €271,193 | -€51,990 | -16.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,471 | €3,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,471 | €3,471 | = | 0.0% |
| Legal reserve | 130 | €3,471 | €3,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,712 | €205,722 | -€51,990 | -20.2% |
| Amounts payable | 17/49 | €1,130,191 | €1,073,583 | -€56,608 | -5.0% |
| Amounts payable after more than one year | 17 | €852,745 | €796,804 | -€55,941 | -6.6% |
| Financial debts | 170/4 | €763,479 | €707,538 | -€55,941 | -7.3% |
| Other amounts payable | 178/9 | €89,266 | €89,266 | = | 0.0% |
| Amounts payable within one year | 42/48 | €277,446 | €276,778 | -€667 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €60,403 | €57,292 | -€3,111 | -5.1% |
| Trade debts | 44 | €2,589 | €13,797 | +€11,208 | +433% |
| Suppliers | 440/4 | €2,589 | €13,797 | +€11,208 | +433% |
| Taxes, remuneration and social security | 45 | €28,901 | €214 | -€28,687 | -99.3% |
| Taxes | 450/3 | €28,901 | €214 | -€28,687 | -99.3% |
| Other amounts payable | 47/48 | €185,552 | €205,475 | +€19,922 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,901 | €45,320 | +€6,419 | +16.5% |
| Other operating charges | 640/8 | €40,001 | €10,405 | -€29,596 | -74.0% |
| Gross operating margin | 9900 | €157,224 | €28,727 | -€128,497 | -81.7% |
| Operating profit (loss) | 9901 | €78,322 | -€26,998 | -€105,320 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €25,711 | €24,782 | -€929 | -3.6% |
| Recurring financial charges | 65 | €25,711 | €24,782 | -€929 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €52,611 | -€51,776 | -€104,388 | |
| Income taxes | 67/77 | €11,347 | €214 | -€11,133 | -98.1% |
| Profit (loss) for the period | 9904 | €41,265 | -€51,990 | -€93,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,265 | -€51,990 | -€93,255 |
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.