Financial Reporting Studio: 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.
Financial Reporting Studio
Largest movements
- Tangible fixed assets +€83,744
up €83,744 (+101%), from €82,575 to €166,319
of which Furniture and vehicles: +€81,161
- Intangible fixed assets +€49,409
up €49,409 (+129%), from €38,383 to €87,792
- Receivables within one year +€41,610
up €41,610 (+105%), from €39,506 to €81,116
of which Trade receivables: +€47,130
- Cash -€17,489
down €17,489 (-24.4%), from €71,672 to €54,183
mainly Investment in fixed assets (net) (-€150,321) and Receivables within one year (-€41,610)
- Deferred charges and accrued income +€13,609
up €13,609 (+80.3%), from €16,955 to €30,564
- Reserves +€70,456
up €70,456 (+95.5%), from €73,798 to €144,254
- Debts after one year +€45,291
up €45,291 (+59.8%), from €75,685 to €120,976
- Current portion of long-term debt +€25,409
up €25,409 (+280%), from €9,083 to €34,492
- Tax, wage and social debts +€24,095
up €24,095 (+246%), from €9,803 to €33,898
of which Taxes: +€17,671
- Other debts -€7,286
down €7,286 (-93.1%), from €7,828 to €542
- Gross operating margin +€101,006
up €101,006 (+146%), from €69,103 to €170,108
- Staff costs +€20,537
up €20,537 (+55.6%), from €36,944 to €57,481
- Taxes +€15,055
up €15,055 (+309%), from €4,876 to €19,931
- Depreciation +€7,316
up €7,316 (+74.2%), from €9,853 to €17,168
- Financial charges +€2,409
up €2,409 (+211%), from €1,141 to €3,550
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 | €249,090 | €419,974 | +€170,883 | +68.6% |
| Fixed assets | 21/28 | €120,958 | €254,111 | +€133,153 | +110% |
| Intangible fixed assets | 21 | €38,383 | €87,792 | +€49,409 | +129% |
| Tangible fixed assets | 22/27 | €82,575 | €166,319 | +€83,744 | +101% |
| Land and buildings | 22 | €27,104 | €25,912 | -€1,191 | -4.4% |
| Furniture and vehicles | 24 | €54,742 | €135,903 | +€81,161 | +148% |
| Other tangible fixed assets | 26 | €729 | €4,503 | +€3,774 | +518% |
| Current assets | 29/58 | €128,132 | €165,863 | +€37,731 | +29.4% |
| Amounts receivable within one year | 40/41 | €39,506 | €81,116 | +€41,610 | +105% |
| Trade receivables | 40 | €21,487 | €68,616 | +€47,130 | +219% |
| Other amounts receivable | 41 | €18,019 | €12,500 | -€5,519 | -30.6% |
| Cash at bank and in hand | 54/58 | €71,672 | €54,183 | -€17,489 | -24.4% |
| Deferred charges and accrued income | 490/1 | €16,955 | €30,564 | +€13,609 | +80.3% |
| Total equity and liabilities | 10/49 | €249,090 | €419,974 | +€170,883 | +68.6% |
| Equity | 10/15 | €112,398 | €182,854 | +€70,456 | +62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,798 | €144,254 | +€70,456 | +95.5% |
| Distributable reserves | 133 | €73,798 | €144,254 | +€70,456 | +95.5% |
| Investment grants | 15 | €20,000 | €20,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Deferred taxes | 168 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €131,692 | €232,119 | +€100,427 | +76.3% |
| Amounts payable after more than one year | 17 | €75,685 | €120,976 | +€45,291 | +59.8% |
| Financial debts | 170/4 | €75,685 | €120,976 | +€45,291 | +59.8% |
| Amounts payable within one year | 42/48 | €56,007 | €111,143 | +€55,136 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €9,083 | €34,492 | +€25,409 | +280% |
| Financial debts | 43 | €4,178 | €10,438 | +€6,260 | +150% |
| Credit institutions | 430/8 | €4,178 | €10,438 | +€6,260 | +150% |
| Trade debts | 44 | €25,115 | €31,773 | +€6,658 | +26.5% |
| Suppliers | 440/4 | €25,115 | €31,773 | +€6,658 | +26.5% |
| Taxes, remuneration and social security | 45 | €9,803 | €33,898 | +€24,095 | +246% |
| Taxes | 450/3 | €5,994 | €23,665 | +€17,671 | +295% |
| Remuneration and social security | 454/9 | €3,810 | €10,234 | +€6,424 | +169% |
| Other amounts payable | 47/48 | €7,828 | €542 | -€7,286 | -93.1% |
| Non-recurring operating income | 76A | - | €237 | +€237 | |
| Remuneration, social security and pensions | 62 | €36,944 | €57,481 | +€20,537 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,853 | €17,168 | +€7,316 | +74.2% |
| Other operating charges | 640/8 | €1,594 | €1,529 | -€65 | -4.1% |
| Gross operating margin | 9900 | €69,103 | €170,108 | +€101,006 | +146% |
| Operating profit (loss) | 9901 | €20,712 | €93,930 | +€73,218 | +353% |
| Financial income | 75/76B | €342 | €7 | -€335 | -97.9% |
| Recurring financial income | 75 | €342 | €7 | -€335 | -97.9% |
| Financial charges | 65/66B | €1,141 | €3,550 | +€2,409 | +211% |
| Recurring financial charges | 65 | €1,141 | €3,550 | +€2,409 | +211% |
| Profit (loss) for the period before taxes | 9903 | €19,913 | €90,387 | +€70,474 | +354% |
| Income taxes | 67/77 | €4,876 | €19,931 | +€15,055 | +309% |
| Profit (loss) for the period | 9904 | €15,037 | €70,456 | +€55,419 | +369% |
| Profit (loss) for the period to be appropriated | 9905 | €15,037 | €70,456 | +€55,419 | +369% |
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 19 October 2026 via checked.be.