FORTY-FOUR: 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.
FORTY-FOUR
Largest movements
- Deferred charges and accrued income -€5,925
down €5,925 (-59.7%), from €9,917 to €3,992
- Cash +€5,717
up €5,717 (+47.0%), from €12,163 to €17,880
mainly Net result for the year (+€13,256) and Deferred charges and accrued income (+€5,925)
- Tangible fixed assets -€856
down €856 (-63.9%), from €1,339 to €483
of which Furniture and vehicles: -€501
- Profit (loss) carried forward +€13,256
up €13,256 (+37.8%), from -€35,055 to -€21,800
- Trade debts -€11,458
down €11,458 (-72.3%), from €15,858 to €4,401
- Other debts -€7,734
down €7,734 (-78.1%), from €9,899 to €2,165
- Tax, wage and social debts +€4,046
up €4,046 (+28.8%), from €14,067 to €18,114
of which Taxes: +€4,443
- Accrued charges and deferred income +€826
up €826 (+100%), from €826 to €1,652
- Staff costs -€19,396
no longer reported in 2025 (was €19,396)
- Gross operating margin -€12,196
down €12,196 (-37.6%), from €32,430 to €20,235
- Financial charges -€3,912
down €3,912 (-84.1%), from €4,652 to €741
- Other operating charges +€1,749
up €1,749 (+48.1%), from €3,634 to €5,382
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 | €24,717 | €23,653 | -€1,063 | -4.3% |
| Fixed assets | 21/28 | €2,417 | €1,561 | -€856 | -35.4% |
| Tangible fixed assets | 22/27 | €1,339 | €483 | -€856 | -63.9% |
| Plant, machinery and equipment | 23 | €391 | €36 | -€355 | -90.8% |
| Furniture and vehicles | 24 | €948 | €447 | -€501 | -52.8% |
| Financial fixed assets | 28 | €1,078 | €1,078 | = | 0.0% |
| Current assets | 29/58 | €22,300 | €22,092 | -€208 | -0.9% |
| Stocks and contracts in progress | 3 | €220 | €220 | = | 0.0% |
| Stocks | 30/36 | €220 | €220 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,163 | €17,880 | +€5,717 | +47.0% |
| Deferred charges and accrued income | 490/1 | €9,917 | €3,992 | -€5,925 | -59.7% |
| Total equity and liabilities | 10/49 | €24,717 | €23,653 | -€1,063 | -4.3% |
| Equity | 10/15 | -€15,934 | -€2,678 | +€13,256 | +83.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €521 | €521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €521 | €521 | = | 0.0% |
| Reserves not available under the articles | 1311 | €521 | €521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,055 | -€21,800 | +€13,256 | +37.8% |
| Amounts payable | 17/49 | €40,651 | €26,331 | -€14,319 | -35.2% |
| Amounts payable within one year | 42/48 | €39,825 | €24,679 | -€15,146 | -38.0% |
| Trade debts | 44 | €15,858 | €4,401 | -€11,458 | -72.3% |
| Suppliers | 440/4 | €15,858 | €4,401 | -€11,458 | -72.3% |
| Taxes, remuneration and social security | 45 | €14,067 | €18,114 | +€4,046 | +28.8% |
| Taxes | 450/3 | €9,245 | €13,689 | +€4,443 | +48.1% |
| Remuneration and social security | 454/9 | €4,822 | €4,425 | -€397 | -8.2% |
| Other amounts payable | 47/48 | €9,899 | €2,165 | -€7,734 | -78.1% |
| Accrued charges and deferred income | 492/3 | €826 | €1,652 | +€826 | +100% |
| Remuneration, social security and pensions | 62 | €19,396 | - | -€19,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €856 | €856 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,634 | €5,382 | +€1,749 | +48.1% |
| Gross operating margin | 9900 | €32,430 | €20,235 | -€12,196 | -37.6% |
| Operating profit (loss) | 9901 | €8,545 | €13,997 | +€5,452 | +63.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,652 | €741 | -€3,912 | -84.1% |
| Recurring financial charges | 65 | €4,652 | €741 | -€3,912 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €3,893 | €13,256 | +€9,363 | +240% |
| Profit (loss) for the period | 9904 | €3,893 | €13,256 | +€9,363 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €3,893 | €13,256 | +€9,363 | +240% |
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 29 October 2026 via checked.be.