GLOBAL FIT: 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.
GLOBAL FIT
Largest movements
- Receivables within one year +€4,715
up €4,715 (+133%), from €3,546 to €8,261
of which Trade receivables: +€4,528
- Cash -€2,408
down €2,408 (-18.1%), from €13,299 to €10,891
mainly Receivables within one year (-€4,715) and Investment in fixed assets (net) (-€4,036)
- Tangible fixed assets -€930
down €930 (-5.0%), from €18,616 to €17,686
of which Plant, machinery and equipment: -€959
- Trade debts +€6,046
new in 2025: €6,046
- Tax, wage and social debts -€3,544
down €3,544 (-64.0%), from €5,539 to €1,995
- Other debts +€2,108
up €2,108 (+20.1%), from €10,496 to €12,604
- Short-term financial debts -€2,031
no longer reported in 2025 (was €2,031)
- Profit (loss) carried forward -€1,202
down €1,202, from €919 to -€283
- Gross operating margin -€8,697
down €8,697 (-47.9%), from €18,162 to €9,465
- Taxes -€3,248
down €3,248 (-66.8%), from €4,865 to €1,617
- Depreciation +€1,404
up €1,404 (+39.4%), from €3,562 to €4,966
- Other operating charges -€298
down €298 (-7.6%), from €3,921 to €3,623
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 | €35,461 | €36,838 | +€1,377 | +3.9% |
| Fixed assets | 21/28 | €18,616 | €17,686 | -€930 | -5.0% |
| Tangible fixed assets | 22/27 | €18,616 | €17,686 | -€930 | -5.0% |
| Plant, machinery and equipment | 23 | €11,826 | €10,867 | -€959 | -8.1% |
| Furniture and vehicles | 24 | €6,790 | €6,819 | +€29 | +0.4% |
| Current assets | 29/58 | €16,845 | €19,152 | +€2,307 | +13.7% |
| Amounts receivable within one year | 40/41 | €3,546 | €8,261 | +€4,715 | +133% |
| Trade receivables | 40 | €3,546 | €8,074 | +€4,528 | +128% |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Cash at bank and in hand | 54/58 | €13,299 | €10,891 | -€2,408 | -18.1% |
| Total equity and liabilities | 10/49 | €35,461 | €36,838 | +€1,377 | +3.9% |
| Equity | 10/15 | €10,919 | €9,717 | -€1,202 | -11.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €919 | -€283 | -€1,202 | |
| Amounts payable | 17/49 | €24,542 | €27,121 | +€2,579 | +10.5% |
| Amounts payable after more than one year | 17 | €6,476 | €6,476 | = | 0.0% |
| Financial debts | 170/4 | €6,476 | €6,476 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,066 | €20,645 | +€2,579 | +14.3% |
| Financial debts | 43 | €2,031 | - | -€2,031 | |
| Credit institutions | 430/8 | €2,031 | - | -€2,031 | |
| Trade debts | 44 | - | €6,046 | +€6,046 | |
| Suppliers | 440/4 | - | €6,046 | +€6,046 | |
| Taxes, remuneration and social security | 45 | €5,539 | €1,995 | -€3,544 | -64.0% |
| Taxes | 450/3 | €5,539 | €1,995 | -€3,544 | -64.0% |
| Other amounts payable | 47/48 | €10,496 | €12,604 | +€2,108 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,562 | €4,966 | +€1,404 | +39.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,921 | €3,623 | -€298 | -7.6% |
| Gross operating margin | 9900 | €18,162 | €9,465 | -€8,697 | -47.9% |
| Operating profit (loss) | 9901 | €10,679 | €876 | -€9,803 | -91.8% |
| Financial charges | 65/66B | €557 | €460 | -€97 | -17.4% |
| Recurring financial charges | 65 | €557 | €460 | -€97 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €10,122 | €416 | -€9,706 | -95.9% |
| Income taxes | 67/77 | €4,865 | €1,617 | -€3,248 | -66.8% |
| Profit (loss) for the period | 9904 | €5,257 | -€1,201 | -€6,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,257 | -€1,201 | -€6,458 |
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 20 October 2026 via checked.be.