FOCUS-T: 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.
FOCUS-T
Largest movements
- Deferred charges and accrued income -€39,220
down €39,220 (-93.5%), from €41,945 to €2,726
- Receivables within one year -€5,714
down €5,714 (-7.2%), from €79,468 to €73,753
of which Trade receivables: -€3,388
- Tangible fixed assets -€5,433
down €5,433 (-54.7%), from €9,937 to €4,505
of which Furniture and vehicles: -€3,401
- Trade debts -€105,088
down €105,088 (-91.3%), from €115,043 to €9,955
- Reserves +€26,870
up €26,870 (+129%), from €20,820 to €47,691
- Other debts +€14,845
up €14,845 (+4,124%), from €360 to €15,205
- Tax, wage and social debts +€10,694
up €10,694 (+124%), from €8,621 to €19,314
- Profit (loss) carried forward +€8,058
up €8,058, from -€8,058 to €0
- Gross operating margin +€34,490
up €34,490 (+151%), from €22,874 to €57,364
- Taxes +€7,326
up €7,326 (+169%), from €4,338 to €11,664
- Financial charges +€1,091
up €1,091 (+31.4%), from €3,475 to €4,566
- Depreciation -€962
down €962 (-14.9%), from €6,453 to €5,491
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 | €168,469 | €117,165 | -€51,305 | -30.5% |
| Fixed assets | 21/28 | €9,996 | €4,505 | -€5,491 | -54.9% |
| Intangible fixed assets | 21 | €59 | €0 | -€59 | -100% |
| Tangible fixed assets | 22/27 | €9,937 | €4,505 | -€5,433 | -54.7% |
| Plant, machinery and equipment | 23 | €3,419 | €1,387 | -€2,032 | -59.4% |
| Furniture and vehicles | 24 | €6,519 | €3,118 | -€3,401 | -52.2% |
| Current assets | 29/58 | €158,473 | €112,660 | -€45,814 | -28.9% |
| Amounts receivable within one year | 40/41 | €79,468 | €73,753 | -€5,714 | -7.2% |
| Trade receivables | 40 | €71,687 | €68,299 | -€3,388 | -4.7% |
| Other amounts receivable | 41 | €7,781 | €5,454 | -€2,326 | -29.9% |
| Cash at bank and in hand | 54/58 | €37,061 | €36,181 | -€880 | -2.4% |
| Deferred charges and accrued income | 490/1 | €41,945 | €2,726 | -€39,220 | -93.5% |
| Total equity and liabilities | 10/49 | €168,469 | €117,165 | -€51,305 | -30.5% |
| Equity | 10/15 | €37,763 | €72,691 | +€34,928 | +92.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €20,820 | €47,691 | +€26,870 | +129% |
| Distributable reserves | 133 | €20,820 | €47,691 | +€26,870 | +129% |
| Profit (loss) carried forward | 14 | -€8,058 | €0 | +€8,058 | |
| Amounts payable | 17/49 | €130,707 | €44,474 | -€86,232 | -66.0% |
| Amounts payable within one year | 42/48 | €124,024 | €44,474 | -€79,550 | -64.1% |
| Trade debts | 44 | €115,043 | €9,955 | -€105,088 | -91.3% |
| Suppliers | 440/4 | €115,043 | €9,955 | -€105,088 | -91.3% |
| Taxes, remuneration and social security | 45 | €8,621 | €19,314 | +€10,694 | +124% |
| Taxes | 450/3 | €8,621 | €19,314 | +€10,694 | +124% |
| Other amounts payable | 47/48 | €360 | €15,205 | +€14,845 | +4,124% |
| Accrued charges and deferred income | 492/3 | €6,683 | €0 | -€6,683 | -100% |
| Remuneration, social security and pensions | 62 | €153 | €0 | -€153 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,453 | €5,491 | -€962 | -14.9% |
| Other operating charges | 640/8 | €1,053 | €841 | -€212 | -20.1% |
| Gross operating margin | 9900 | €22,874 | €57,364 | +€34,490 | +151% |
| Operating profit (loss) | 9901 | €15,216 | €51,032 | +€35,817 | +235% |
| Financial income | 75/76B | €11 | €126 | +€115 | +1,075% |
| Recurring financial income | 75 | €11 | €126 | +€115 | +1,075% |
| Financial charges | 65/66B | €3,475 | €4,566 | +€1,091 | +31.4% |
| Recurring financial charges | 65 | €3,475 | €4,566 | +€1,091 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €11,751 | €46,592 | +€34,841 | +296% |
| Income taxes | 67/77 | €4,338 | €11,664 | +€7,326 | +169% |
| Profit (loss) for the period | 9904 | €7,413 | €34,928 | +€27,515 | +371% |
| Profit (loss) for the period to be appropriated | 9905 | €7,413 | €34,928 | +€27,515 | +371% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.