FOCUS-IT: 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.
FOCUS-IT
Largest movements
- Cash +€35,008
up €35,008 (+424.8%), from €8,241 to €43,249
mainly Net result for the year (+€53,212) and Tax, wage and social debts (+€5,978)
- Current investments +€22,663
up €22,663 (+21.0%), from €108,000 to €130,663
- Reserves +€42,660
up €42,660 (+23.6%), from €180,530 to €223,190
of which Distributable reserves: +€42,660
- Tax, wage and social debts +€5,978
up €5,978 (+164.6%), from €3,632 to €9,610
of which Taxes: +€5,956
- Short-term financial debts +€5,057
new in 2025: €5,057
- Gross operating margin +€9,164
up €9,164 (+14.3%), from €63,930 to €73,094
- Taxes +€2,227
up €2,227 (+11.2%), from €19,841 to €22,068
- Financial income +€1,638
up €1,638 (+43.4%), from €3,775 to €5,413
- Write-downs +€1,337
new in 2025: €1,337
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 | €225,812 | €278,128 | +€52,316 | +23.2% |
| Fixed assets | 21/28 | €1,552 | €831 | -€721 | -46.4% |
| Tangible fixed assets | 22/27 | €1,552 | €831 | -€721 | -46.4% |
| Plant, machinery and equipment | 23 | €1,552 | €831 | -€721 | -46.4% |
| Current assets | 29/58 | €224,260 | €277,297 | +€53,037 | +23.6% |
| Amounts receivable after more than one year | 29 | €64,000 | €64,000 | = | 0.0% |
| Other amounts receivable | 291 | €64,000 | €64,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,180 | €34,879 | -€2,301 | -6.2% |
| Trade receivables | 40 | €35,090 | €34,879 | -€211 | -0.6% |
| Other amounts receivable | 41 | €2,090 | - | -€2,090 | |
| Current investments | 50/53 | €108,000 | €130,663 | +€22,663 | +21.0% |
| Cash at bank and in hand | 54/58 | €8,241 | €43,249 | +€35,008 | +424.8% |
| Deferred charges and accrued income | 490/1 | €6,839 | €4,506 | -€2,334 | -34.1% |
| Total equity and liabilities | 10/49 | €225,812 | €278,128 | +€52,316 | +23.2% |
| Equity | 10/15 | €192,930 | €235,590 | +€42,660 | +22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €180,530 | €223,190 | +€42,660 | +23.6% |
| Tax-exempt reserves | 132 | €22,724 | €22,724 | = | 0.0% |
| Distributable reserves | 133 | €157,806 | €200,466 | +€42,660 | +27.0% |
| Provisions and deferred taxes | 16 | €7,575 | €7,575 | = | 0.0% |
| Deferred taxes | 168 | €7,575 | €7,575 | = | 0.0% |
| Amounts payable | 17/49 | €25,308 | €34,963 | +€9,655 | +38.2% |
| Amounts payable within one year | 42/48 | €21,258 | €31,838 | +€10,580 | +49.8% |
| Financial debts | 43 | - | €5,057 | +€5,057 | |
| Credit institutions | 430/8 | - | €5,057 | +€5,057 | |
| Trade debts | 44 | €4,320 | €2,329 | -€1,991 | -46.1% |
| Suppliers | 440/4 | €4,320 | €2,329 | -€1,991 | -46.1% |
| Taxes, remuneration and social security | 45 | €3,632 | €9,610 | +€5,978 | +164.6% |
| Taxes | 450/3 | €3,431 | €9,387 | +€5,956 | +173.6% |
| Remuneration and social security | 454/9 | €201 | €223 | +€22 | +11.1% |
| Other amounts payable | 47/48 | €13,306 | €14,842 | +€1,536 | +11.5% |
| Accrued charges and deferred income | 492/3 | €4,050 | €3,125 | -€925 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €721 | -€83 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,337 | +€1,337 | |
| Other operating charges | 640/8 | €618 | €685 | +€67 | +10.9% |
| Gross operating margin | 9900 | €63,930 | €73,094 | +€9,164 | +14.3% |
| Operating profit (loss) | 9901 | €62,508 | €70,351 | +€7,843 | +12.5% |
| Financial income | 75/76B | €3,775 | €5,413 | +€1,638 | +43.4% |
| Recurring financial income | 75 | €3,775 | €5,413 | +€1,638 | +43.4% |
| Financial charges | 65/66B | €419 | €484 | +€65 | +15.5% |
| Recurring financial charges | 65 | €419 | €484 | +€65 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €65,864 | €75,281 | +€9,416 | +14.3% |
| Income taxes | 67/77 | €19,841 | €22,068 | +€2,227 | +11.2% |
| Profit (loss) for the period | 9904 | €46,023 | €53,212 | +€7,189 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,023 | €53,212 | +€7,189 | +15.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.