FINANCE EXPERTISE 4 YOU: what changed
FINANCE EXPERTISE 4 YOU
Largest movements
- Current investments +€372,251
up €372,251 (+180%), from €206,325 to €578,576
- Receivables within one year -€68,111
down €68,111 (-65.8%), from €103,581 to €35,470
of which Trade receivables: -€70,174
- Tangible fixed assets -€36,186
down €36,186 (-20.5%), from €176,365 to €140,179
of which Furniture and vehicles: -€20,406
- Cash -€8,466
down €8,466 (-13.6%), from €62,305 to €53,839
mainly Current investments (-€372,251) and Accrued charges and deferred income (-€102,540)
- Reserves +€400,000
up €400,000 (+293%), from €136,455 to €536,455
- Accrued charges and deferred income -€102,540
no longer reported in 2025 (was €102,540)
- Trade debts -€101,847
down €101,847 (-93.8%), from €108,605 to €6,758
- Profit (loss) carried forward +€47,560
up €47,560 (+121%), from €39,393 to €86,953
- Tax, wage and social debts +€41,826
up €41,826 (+239%), from €17,515 to €59,340
of which Taxes: +€40,593
- Gross operating margin +€517,572
up €517,572 (+230%), from €225,436 to €743,008
- Taxes +€165,810
up €165,810 (+375%), from €44,186 to €209,996
- Staff costs -€25,882
down €25,882 (-61.8%), from €41,868 to €15,986
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €550,009 | €808,274 | +€258,265 | +47.0% |
| Fixed assets | 21/28 | €177,488 | €140,379 | -€37,109 | -20.9% |
| Intangible fixed assets | 21 | €923 | - | -€923 | |
| Tangible fixed assets | 22/27 | €176,365 | €140,179 | -€36,186 | -20.5% |
| Plant, machinery and equipment | 23 | €4,253 | €3,400 | -€853 | -20.1% |
| Furniture and vehicles | 24 | €74,020 | €53,614 | -€20,406 | -27.6% |
| Leasing and similar rights | 25 | €89,565 | €76,770 | -€12,795 | -14.3% |
| Other tangible fixed assets | 26 | €8,527 | €6,395 | -€2,132 | -25.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €372,521 | €667,895 | +€295,374 | +79.3% |
| Amounts receivable within one year | 40/41 | €103,581 | €35,470 | -€68,111 | -65.8% |
| Trade receivables | 40 | €103,323 | €33,148 | -€70,174 | -67.9% |
| Other amounts receivable | 41 | €258 | €2,322 | +€2,063 | +798% |
| Current investments | 50/53 | €206,325 | €578,576 | +€372,251 | +180% |
| Cash at bank and in hand | 54/58 | €62,305 | €53,839 | -€8,466 | -13.6% |
| Deferred charges and accrued income | 490/1 | €310 | €10 | -€300 | -96.7% |
| Total equity and liabilities | 10/49 | €550,009 | €808,274 | +€258,265 | +47.0% |
| Equity | 10/15 | €179,848 | €627,408 | +€447,560 | +249% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €136,455 | €536,455 | +€400,000 | +293% |
| Distributable reserves | 133 | €136,455 | €536,455 | +€400,000 | +293% |
| Profit (loss) carried forward | 14 | €39,393 | €86,953 | +€47,560 | +121% |
| Amounts payable | 17/49 | €370,161 | €180,867 | -€189,294 | -51.1% |
| Amounts payable after more than one year | 17 | €82,301 | €55,847 | -€26,454 | -32.1% |
| Financial debts | 170/4 | €82,301 | €55,847 | -€26,454 | -32.1% |
| Amounts payable within one year | 42/48 | €185,320 | €125,020 | -€60,300 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €25,200 | €21,603 | -€3,597 | -14.3% |
| Trade debts | 44 | €108,605 | €6,758 | -€101,847 | -93.8% |
| Suppliers | 440/4 | €108,605 | €6,758 | -€101,847 | -93.8% |
| Taxes, remuneration and social security | 45 | €17,515 | €59,340 | +€41,826 | +239% |
| Taxes | 450/3 | €15,374 | €55,967 | +€40,593 | +264% |
| Remuneration and social security | 454/9 | €2,141 | €3,373 | +€1,232 | +57.6% |
| Other amounts payable | 47/48 | €34,001 | €37,319 | +€3,318 | +9.8% |
| Accrued charges and deferred income | 492/3 | €102,540 | - | -€102,540 | |
| Remuneration, social security and pensions | 62 | €41,868 | €15,986 | -€25,882 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,149 | €33,597 | -€552 | -1.6% |
| Other operating charges | 640/8 | €3,403 | €4,716 | +€1,313 | +38.6% |
| Gross operating margin | 9900 | €225,436 | €743,008 | +€517,572 | +230% |
| Operating profit (loss) | 9901 | €146,016 | €688,709 | +€542,693 | +372% |
| Financial income | 75/76B | €1,605 | €2,282 | +€677 | +42.2% |
| Recurring financial income | 75 | €1,605 | €2,282 | +€677 | +42.2% |
| Financial charges | 65/66B | €5,947 | €3,436 | -€2,512 | -42.2% |
| Recurring financial charges | 65 | €5,947 | €3,436 | -€2,512 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €141,674 | €687,556 | +€545,882 | +385% |
| Income taxes | 67/77 | €44,186 | €209,996 | +€165,810 | +375% |
| Profit (loss) for the period | 9904 | €97,487 | €477,560 | +€380,072 | +390% |
| Profit (loss) for the period to be appropriated | 9905 | €97,487 | €477,560 | +€380,072 | +390% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.