GO ON: 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.
GO ON
Largest movements
- Cash +€170,368
up €170,368 (+415.3%), from €41,021 to €211,389
mainly Trade debts (+€143,075) and Other debts (+€19,574)
- Stocks and contracts -€14,000
no longer reported in 2025 (was €14,000)
- Receivables within one year -€6,836
down €6,836 (-76.5%), from €8,930 to €2,094
of which Other amounts receivable: -€5,914
- Trade debts +€143,075
up €143,075 (+354.8%), from €40,321 to €183,396
- Other debts +€19,574
up €19,574 (+1257.7%), from €1,556 to €21,131
- Contributions -€18,940
down €18,940 (-99.7%), from €19,000 to €60
- Profit (loss) carried forward +€3,396
new in 2025: €3,396
- Financial charges -€44,148
down €44,148 (-95.6%), from €46,202 to €2,054
- Gross operating margin -€28,260
down €28,260 (-69.7%), from €40,523 to €12,263
- Taxes +€5,862
up €5,862, from -€33 to €5,829
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 | €65,029 | €213,483 | +€148,454 | +228.3% |
| Fixed assets | 21/28 | €704 | - | -€704 | |
| Tangible fixed assets | 22/27 | €454 | - | -€454 | |
| Plant, machinery and equipment | 23 | €454 | - | -€454 | |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €64,325 | €213,483 | +€149,158 | +231.9% |
| Stocks and contracts in progress | 3 | €14,000 | - | -€14,000 | |
| Stocks | 30/36 | €14,000 | - | -€14,000 | |
| Amounts receivable within one year | 40/41 | €8,930 | €2,094 | -€6,836 | -76.5% |
| Trade receivables | 40 | €2,606 | €1,685 | -€921 | -35.4% |
| Other amounts receivable | 41 | €6,324 | €409 | -€5,914 | -93.5% |
| Cash at bank and in hand | 54/58 | €41,021 | €211,389 | +€170,368 | +415.3% |
| Deferred charges and accrued income | 490/1 | €374 | - | -€374 | |
| Total equity and liabilities | 10/49 | €65,029 | €213,483 | +€148,454 | +228.3% |
| Equity | 10/15 | €19,000 | €3,456 | -€15,544 | -81.8% |
| Contributions | 10/11 | €19,000 | €60 | -€18,940 | -99.7% |
| Profit (loss) carried forward | 14 | - | €3,396 | +€3,396 | |
| Amounts payable | 17/49 | €46,029 | €210,027 | +€163,998 | +356.3% |
| Amounts payable within one year | 42/48 | €46,029 | €210,027 | +€163,998 | +356.3% |
| Trade debts | 44 | €40,321 | €183,396 | +€143,075 | +354.8% |
| Suppliers | 440/4 | €40,321 | €183,396 | +€143,075 | +354.8% |
| Taxes, remuneration and social security | 45 | €4,151 | €5,500 | +€1,349 | +32.5% |
| Taxes | 450/3 | €4,151 | €5,500 | +€1,349 | +32.5% |
| Other amounts payable | 47/48 | €1,556 | €21,131 | +€19,574 | +1257.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454 | €454 | = | 0.0% |
| Other operating charges | 640/8 | €553 | €638 | +€85 | +15.3% |
| Gross operating margin | 9900 | €40,523 | €12,263 | -€28,260 | -69.7% |
| Operating profit (loss) | 9901 | €39,515 | €11,171 | -€28,344 | -71.7% |
| Financial income | 75/76B | €26 | €108 | +€81 | +307.4% |
| Recurring financial income | 75 | €26 | €108 | +€81 | +307.4% |
| Financial charges | 65/66B | €46,202 | €2,054 | -€44,148 | -95.6% |
| Recurring financial charges | 65 | €46,202 | €2,054 | -€44,148 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,660 | €9,225 | +€15,885 | |
| Income taxes | 67/77 | -€33 | €5,829 | +€5,862 | |
| Profit (loss) for the period | 9904 | -€6,627 | €3,396 | +€10,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,627 | €3,396 | +€10,023 |
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 8 October 2026 via checked.be.