GO AND SEE: 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.
GO AND SEE
Largest movements
- Current investments -€10,749
down €10,749 (-93.0%), from €11,561 to €812
- Cash +€6,386
up €6,386 (+632%), from €1,010 to €7,396
mainly Current investments (+€10,749) and Depreciation (+€6,030)
- Tangible fixed assets -€6,030
down €6,030 (-39.4%), from €15,316 to €9,286
- Receivables within one year +€2,772
up €2,772 (+37.3%), from €7,428 to €10,200
of which Trade receivables: +€1,790
- Profit (loss) carried forward -€11,060
down €11,060, from €4,497 to -€6,564
- Other debts +€5,364
up €5,364 (+193,645%), from €3 to €5,367
- Debts after one year -€2,680
down €2,680 (-25.0%), from €10,717 to €8,036
- Tax, wage and social debts +€2,570
up €2,570 (+97.6%), from €2,632 to €5,202
- Short-term financial debts -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin -€10,757
down €10,757, from €6,545 to -€4,212
- Depreciation +€3,254
up €3,254 (+117%), from €2,777 to €6,030
- Staff costs -€873
no longer reported in 2025 (was €873)
- Taxes -€851
down €851 (-97.5%), from €873 to €22
- Financial charges +€319
up €319 (+75.5%), from €423 to €742
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 | €35,316 | €27,694 | -€7,622 | -21.6% |
| Fixed assets | 21/28 | €15,316 | €9,286 | -€6,030 | -39.4% |
| Tangible fixed assets | 22/27 | €15,316 | €9,286 | -€6,030 | -39.4% |
| Plant, machinery and equipment | 23 | €15,316 | €9,286 | -€6,030 | -39.4% |
| Current assets | 29/58 | €19,999 | €18,408 | -€1,591 | -8.0% |
| Amounts receivable within one year | 40/41 | €7,428 | €10,200 | +€2,772 | +37.3% |
| Trade receivables | 40 | €6,608 | €8,397 | +€1,790 | +27.1% |
| Other amounts receivable | 41 | €820 | €1,803 | +€983 | +120% |
| Current investments | 50/53 | €11,561 | €812 | -€10,749 | -93.0% |
| Cash at bank and in hand | 54/58 | €1,010 | €7,396 | +€6,386 | +632% |
| Total equity and liabilities | 10/49 | €35,316 | €27,694 | -€7,622 | -21.6% |
| Equity | 10/15 | €17,469 | €6,408 | -€11,060 | -63.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,972 | €7,972 | = | 0.0% |
| Distributable reserves | 133 | €7,972 | €7,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,497 | -€6,564 | -€11,060 | |
| Amounts payable | 17/49 | €17,847 | €21,286 | +€3,439 | +19.3% |
| Amounts payable after more than one year | 17 | €10,717 | €8,036 | -€2,680 | -25.0% |
| Financial debts | 170/4 | €10,717 | €8,036 | -€2,680 | -25.0% |
| Amounts payable within one year | 42/48 | €7,131 | €13,249 | +€6,119 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €2,560 | €2,680 | +€120 | +4.7% |
| Financial debts | 43 | €1,500 | - | -€1,500 | |
| Credit institutions | 430/8 | €1,500 | - | -€1,500 | |
| Trade debts | 44 | €435 | - | -€435 | |
| Suppliers | 440/4 | €435 | - | -€435 | |
| Taxes, remuneration and social security | 45 | €2,632 | €5,202 | +€2,570 | +97.6% |
| Taxes | 450/3 | €2,632 | €5,202 | +€2,570 | +97.6% |
| Other amounts payable | 47/48 | €3 | €5,367 | +€5,364 | +193,645% |
| Remuneration, social security and pensions | 62 | €873 | - | -€873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,777 | €6,030 | +€3,254 | +117% |
| Other operating charges | 640/8 | €328 | €128 | -€200 | -61.1% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €6,545 | -€4,212 | -€10,757 | |
| Operating profit (loss) | 9901 | €2,568 | -€10,370 | -€12,938 | |
| Financial income | 75/76B | €83 | €73 | -€10 | -12.1% |
| Recurring financial income | 75 | €83 | €73 | -€10 | -12.1% |
| Financial charges | 65/66B | €423 | €742 | +€319 | +75.5% |
| Recurring financial charges | 65 | €423 | €742 | +€319 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €2,229 | -€11,038 | -€13,267 | |
| Income taxes | 67/77 | €873 | €22 | -€851 | -97.5% |
| Profit (loss) for the period | 9904 | €1,356 | -€11,060 | -€12,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,356 | -€11,060 | -€12,416 |
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 30 October 2026 via checked.be.