GREG COOK: 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.
GREG COOK
Largest movements
- Cash +€6,464
up €6,464 (+7.5%), from €86,010 to €92,473
mainly Net result for the year (+€12,932) and Receivables within one year (+€6,173)
- Receivables within one year -€6,173
down €6,173 (-39.8%), from €15,496 to €9,323
of which Trade receivables: -€4,675
- Tangible fixed assets -€5,905
down €5,905 (-63.5%), from €9,299 to €3,394
of which Leasing and similar rights: -€5,567
- Other debts -€14,394
down €14,394 (-56.6%), from €25,429 to €11,035
- Reserves +€12,932
up €12,932 (+32.8%), from €39,383 to €52,315
of which Distributable reserves: +€12,932
- Trade debts -€6,486
down €6,486 (-68.3%), from €9,501 to €3,014
- Tax, wage and social debts +€3,195
up €3,195 (+59.5%), from €5,365 to €8,560
of which Taxes: +€4,830
- Current portion of long-term debt -€2,310
down €2,310 (-100.0%), from €2,310 to €0
- Depreciation -€3,387
down €3,387 (-36.4%), from €9,292 to €5,905
- Gross operating margin +€2,896
up €2,896 (+12.5%), from €23,222 to €26,117
- Taxes +€2,793
up €2,793 (+112.2%), from €2,489 to €5,282
- Staff costs -€2,682
down €2,682 (-96.3%), from €2,785 to €103
- Financial income +€318
up €318 (+166.5%), from €191 to €509
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 | €112,447 | €105,384 | -€7,063 | -6.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,067 | €3,394 | -€6,673 | -66.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €9,299 | €3,394 | -€5,905 | -63.5% |
| Plant, machinery and equipment | 23 | €2,509 | €1,510 | -€999 | -39.8% |
| Furniture and vehicles | 24 | €0 | €1,567 | +€1,567 | |
| Leasing and similar rights | 25 | €5,567 | €0 | -€5,567 | -100.0% |
| Other tangible fixed assets | 26 | €1,223 | €317 | -€907 | -74.1% |
| Financial fixed assets | 28 | €768 | €0 | -€768 | -100.0% |
| Current assets | 29/58 | €102,380 | €101,990 | -€390 | -0.4% |
| Amounts receivable within one year | 40/41 | €15,496 | €9,323 | -€6,173 | -39.8% |
| Trade receivables | 40 | €13,999 | €9,323 | -€4,675 | -33.4% |
| Other amounts receivable | 41 | €1,497 | €0 | -€1,497 | -100.0% |
| Cash at bank and in hand | 54/58 | €86,010 | €92,473 | +€6,464 | +7.5% |
| Deferred charges and accrued income | 490/1 | €875 | €194 | -€681 | -77.9% |
| Total equity and liabilities | 10/49 | €112,447 | €105,384 | -€7,063 | -6.3% |
| Equity | 10/15 | €69,843 | €82,775 | +€12,932 | +18.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €39,383 | €52,315 | +€12,932 | +32.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €39,383 | €52,315 | +€12,932 | +32.8% |
| Profit (loss) carried forward | 14 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €42,605 | €22,609 | -€19,995 | -46.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,605 | €22,609 | -€19,995 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €2,310 | €0 | -€2,310 | -100.0% |
| Trade debts | 44 | €9,501 | €3,014 | -€6,486 | -68.3% |
| Suppliers | 440/4 | €9,501 | €3,014 | -€6,486 | -68.3% |
| Taxes, remuneration and social security | 45 | €5,365 | €8,560 | +€3,195 | +59.5% |
| Taxes | 450/3 | €3,730 | €8,560 | +€4,830 | +129.5% |
| Remuneration and social security | 454/9 | €1,635 | €0 | -€1,635 | -100.0% |
| Other amounts payable | 47/48 | €25,429 | €11,035 | -€14,394 | -56.6% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,785 | €103 | -€2,682 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,292 | €5,905 | -€3,387 | -36.4% |
| Other operating charges | 640/8 | €1,416 | €1,165 | -€251 | -17.7% |
| Gross operating margin | 9900 | €23,222 | €26,117 | +€2,896 | +12.5% |
| Operating profit (loss) | 9901 | €9,729 | €18,944 | +€9,215 | +94.7% |
| Financial income | 75/76B | €191 | €509 | +€318 | +166.5% |
| Recurring financial income | 75 | €191 | €509 | +€318 | +166.5% |
| Financial charges | 65/66B | €1,108 | €1,239 | +€130 | +11.7% |
| Recurring financial charges | 65 | €1,108 | €1,239 | +€130 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €8,811 | €18,215 | +€9,403 | +106.7% |
| Income taxes | 67/77 | €2,489 | €5,282 | +€2,793 | +112.2% |
| Profit (loss) for the period | 9904 | €6,322 | €12,932 | +€6,610 | +104.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,322 | €12,932 | +€6,610 | +104.6% |
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 4 October 2026 via checked.be.