FOR EVER: 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.
FOR EVER
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+93.6%), from €1.1m to €2.2m
of which Stocks: +€664,175
- Cash +€703,502
up €703,502 (+395.6%), from €177,810 to €881,311
mainly Other debts (+€1.3m) and Deferred charges and accrued income (+€535,077)
- Deferred charges and accrued income -€535,077
down €535,077 (-99.5%), from €537,775 to €2,698
- Other debts +€1.3m
up €1.3m (+228.3%), from €549,448 to €1.8m
- Trade debts -€45,929
down €45,929 (-60.4%), from €76,073 to €30,144
- Gross operating margin +€52,783
up €52,783 (+33.8%), from €156,250 to €209,034
- Other operating charges +€28,507
up €28,507 (+49.1%), from €58,110 to €86,617
- Financial charges +€15,923
up €15,923 (+65.8%), from €24,194 to €40,118
- Depreciation -€8,538
down €8,538 (-72.9%), from €11,704 to €3,167
- Staff costs +€5,337
up €5,337 (+9.0%), from €59,125 to €64,462
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 | €2,006,018 | €3,219,738 | +€1.2m | +60.5% |
| Fixed assets | 21/28 | €108,568 | €104,112 | -€4,457 | -4.1% |
| Tangible fixed assets | 22/27 | €107,068 | €102,612 | -€4,457 | -4.2% |
| Furniture and vehicles | 24 | €107,068 | €102,612 | -€4,457 | -4.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,897,449 | €3,115,626 | +€1.2m | +64.2% |
| Stocks and contracts in progress | 3 | €1,148,625 | €2,224,180 | +€1.1m | +93.6% |
| Stocks | 30/36 | €805,825 | €1,470,000 | +€664,175 | +82.4% |
| Contracts in progress | 37 | €342,800 | €754,180 | +€411,379 | +120.0% |
| Amounts receivable within one year | 40/41 | €33,239 | €7,437 | -€25,802 | -77.6% |
| Trade receivables | 40 | €22,710 | €2,776 | -€19,934 | -87.8% |
| Other amounts receivable | 41 | €10,529 | €4,662 | -€5,867 | -55.7% |
| Cash at bank and in hand | 54/58 | €177,810 | €881,311 | +€703,502 | +395.6% |
| Deferred charges and accrued income | 490/1 | €537,775 | €2,698 | -€535,077 | -99.5% |
| Total equity and liabilities | 10/49 | €2,006,018 | €3,219,738 | +€1.2m | +60.5% |
| Equity | 10/15 | €1,306,271 | €1,317,991 | +€11,720 | +0.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,231,271 | €1,242,991 | +€11,720 | +1.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,223,771 | €1,235,491 | +€11,720 | +1.0% |
| Amounts payable | 17/49 | €699,747 | €1,901,747 | +€1.2m | +171.8% |
| Amounts payable after more than one year | 17 | €14,474 | - | -€14,474 | |
| Financial debts | 170/4 | €14,474 | - | -€14,474 | |
| Amounts payable within one year | 42/48 | €662,242 | €1,862,409 | +€1.2m | +181.2% |
| Current portion of amounts payable after more than one year | 42 | €19,137 | €14,474 | -€4,663 | -24.4% |
| Trade debts | 44 | €76,073 | €30,144 | -€45,929 | -60.4% |
| Suppliers | 440/4 | €76,073 | €30,144 | -€45,929 | -60.4% |
| Taxes, remuneration and social security | 45 | €17,584 | €14,179 | -€3,405 | -19.4% |
| Taxes | 450/3 | €10,781 | €8,588 | -€2,193 | -20.3% |
| Remuneration and social security | 454/9 | €6,803 | €5,591 | -€1,212 | -17.8% |
| Other amounts payable | 47/48 | €549,448 | €1,803,612 | +€1.3m | +228.3% |
| Accrued charges and deferred income | 492/3 | €23,031 | €39,338 | +€16,307 | +70.8% |
| Remuneration, social security and pensions | 62 | €59,125 | €64,462 | +€5,337 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,704 | €3,167 | -€8,538 | -72.9% |
| Other operating charges | 640/8 | €58,110 | €86,617 | +€28,507 | +49.1% |
| Gross operating margin | 9900 | €156,250 | €209,034 | +€52,783 | +33.8% |
| Operating profit (loss) | 9901 | €27,311 | €54,788 | +€27,478 | +100.6% |
| Financial income | 75/76B | €2,378 | €2,557 | +€180 | +7.6% |
| Recurring financial income | 75 | €2,378 | €2,557 | +€180 | +7.6% |
| Financial charges | 65/66B | €24,194 | €40,118 | +€15,923 | +65.8% |
| Recurring financial charges | 65 | €24,194 | €40,118 | +€15,923 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €5,494 | €17,228 | +€11,734 | +213.6% |
| Income taxes | 67/77 | €573 | €5,507 | +€4,935 | +861.5% |
| Profit (loss) for the period | 9904 | €4,921 | €11,720 | +€6,799 | +138.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,921 | €11,720 | +€6,799 | +138.2% |
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 12 October 2026 via checked.be.