FRONTOFFICE: 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.
FRONTOFFICE
Largest movements
- Receivables within one year +€363,373
up €363,373 (+1045.1%), from €34,769 to €398,142
of which Other amounts receivable: +€363,373
- Intangible fixed assets +€41,766
new in 2025: €41,766
- Cash -€39,080
down €39,080 (-61.2%), from €63,896 to €24,817
mainly Receivables within one year (-€363,373) and Other debts (-€256,104)
- Tangible fixed assets -€33,552
down €33,552 (-5.1%), from €659,292 to €625,741
of which Land and buildings: -€51,256
- Deferred charges and accrued income +€13,690
up €13,690 (+654.6%), from €2,091 to €15,781
- Debts after one year +€608,694
up €608,694 (+286.3%), from €212,609 to €821,303
- Other debts -€256,104
down €256,104 (-70.9%), from €361,151 to €105,047
- Profit (loss) carried forward -€60,964
down €60,964 (-21.2%), from -€287,576 to -€348,540
- Trade debts +€56,657
up €56,657 (+2743.5%), from €2,065 to €58,722
- Gross operating margin -€48,296
down €48,296 (-31.6%), from €152,859 to €104,564
- Depreciation +€11,896
up €11,896 (+15.7%), from €75,633 to €87,529
- Staff costs +€5,640
up €5,640 (+11.8%), from €47,887 to €53,528
- Taxes +€1,703
up €1,703 (+170.3%), from €1,000 to €2,703
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 | €760,049 | €1,106,247 | +€346,197 | +45.5% |
| Fixed assets | 21/28 | €659,292 | €667,507 | +€8,215 | +1.2% |
| Intangible fixed assets | 21 | - | €41,766 | +€41,766 | |
| Tangible fixed assets | 22/27 | €659,292 | €625,741 | -€33,552 | -5.1% |
| Land and buildings | 22 | €640,847 | €589,591 | -€51,256 | -8.0% |
| Plant, machinery and equipment | 23 | €1,908 | €2,622 | +€713 | +37.4% |
| Furniture and vehicles | 24 | €16,537 | €33,528 | +€16,991 | +102.7% |
| Current assets | 29/58 | €100,757 | €438,740 | +€337,983 | +335.4% |
| Amounts receivable within one year | 40/41 | €34,769 | €398,142 | +€363,373 | +1045.1% |
| Trade receivables | 40 | €32,368 | €32,368 | = | 0.0% |
| Other amounts receivable | 41 | €2,402 | €365,774 | +€363,373 | +15128.6% |
| Cash at bank and in hand | 54/58 | €63,896 | €24,817 | -€39,080 | -61.2% |
| Deferred charges and accrued income | 490/1 | €2,091 | €15,781 | +€13,690 | +654.6% |
| Total equity and liabilities | 10/49 | €760,049 | €1,106,247 | +€346,197 | +45.5% |
| Equity | 10/15 | €163,206 | €102,242 | -€60,964 | -37.4% |
| Contributions | 10/11 | €432,073 | €432,073 | = | 0.0% |
| Capital | 10 | €432,073 | €432,073 | = | 0.0% |
| Issued capital | 100 | €432,073 | €432,073 | = | 0.0% |
| Reserves | 13 | €18,709 | €18,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €547 | €547 | = | 0.0% |
| Legal reserve | 130 | €547 | €547 | = | 0.0% |
| Distributable reserves | 133 | €18,163 | €18,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,576 | -€348,540 | -€60,964 | -21.2% |
| Amounts payable | 17/49 | €596,843 | €1,004,005 | +€407,162 | +68.2% |
| Amounts payable after more than one year | 17 | €212,609 | €821,303 | +€608,694 | +286.3% |
| Financial debts | 170/4 | €212,609 | €821,303 | +€608,694 | +286.3% |
| Amounts payable within one year | 42/48 | €383,610 | €182,702 | -€200,908 | -52.4% |
| Trade debts | 44 | €2,065 | €58,722 | +€56,657 | +2743.5% |
| Suppliers | 440/4 | €2,065 | €58,722 | +€56,657 | +2743.5% |
| Taxes, remuneration and social security | 45 | €20,394 | €18,934 | -€1,460 | -7.2% |
| Taxes | 450/3 | €13,715 | €11,495 | -€2,220 | -16.2% |
| Remuneration and social security | 454/9 | €6,679 | €7,439 | +€759 | +11.4% |
| Other amounts payable | 47/48 | €361,151 | €105,047 | -€256,104 | -70.9% |
| Accrued charges and deferred income | 492/3 | €625 | - | -€625 | |
| Remuneration, social security and pensions | 62 | €47,887 | €53,528 | +€5,640 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,633 | €87,529 | +€11,896 | +15.7% |
| Other operating charges | 640/8 | €6,407 | €5,211 | -€1,196 | -18.7% |
| Gross operating margin | 9900 | €152,859 | €104,564 | -€48,296 | -31.6% |
| Operating profit (loss) | 9901 | €22,932 | -€41,704 | -€64,636 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.0% |
| Financial charges | 65/66B | €17,162 | €16,557 | -€605 | -3.5% |
| Recurring financial charges | 65 | €17,162 | €16,557 | -€605 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €5,772 | -€58,261 | -€64,032 | |
| Income taxes | 67/77 | €1,000 | €2,703 | +€1,703 | +170.3% |
| Profit (loss) for the period | 9904 | €4,772 | -€60,964 | -€65,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,772 | -€60,964 | -€65,736 |
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 6 October 2026 via checked.be.