HIGH CODE: 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.
HIGH CODE
Largest movements
- Cash +€42,046
new in 2025: €42,046
mainly Other debts (+€180,000) and Net result for the year (+€31,534)
- Receivables within one year -€9,289
down €9,289 (-14.8%), from €62,772 to €53,483
of which Trade receivables: -€6,117
- Tangible fixed assets -€2,614
down €2,614 (-44.1%), from €5,935 to €3,320
- Other debts +€180,000
new in 2025: €180,000
- Profit (loss) carried forward -€148,466
down €148,466 (-99.4%), from €149,412 to €946
- Tax, wage and social debts +€4,515
up €4,515 (+47.0%), from €9,615 to €14,130
- Short-term financial debts -€3,062
no longer reported in 2025 (was €3,062)
- Gross operating margin +€6,818
up €6,818 (+20.2%), from €33,796 to €40,614
- Financial income +€2,757
up €2,757 (+75.6%), from €3,647 to €6,404
- Taxes +€1,911
up €1,911 (+20.1%), from €9,495 to €11,406
- Depreciation -€453
down €453 (-14.8%), from €3,068 to €2,614
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 | €190,706 | €220,850 | +€30,143 | +15.8% |
| Fixed assets | 21/28 | €5,935 | €3,320 | -€2,614 | -44.1% |
| Tangible fixed assets | 22/27 | €5,935 | €3,320 | -€2,614 | -44.1% |
| Furniture and vehicles | 24 | €5,935 | €3,320 | -€2,614 | -44.1% |
| Current assets | 29/58 | €184,772 | €217,529 | +€32,758 | +17.7% |
| Amounts receivable after more than one year | 29 | €122,000 | €122,000 | = | 0.0% |
| Other amounts receivable | 291 | €122,000 | €122,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,772 | €53,483 | -€9,289 | -14.8% |
| Trade receivables | 40 | €8,853 | €2,737 | -€6,117 | -69.1% |
| Other amounts receivable | 41 | €53,918 | €50,746 | -€3,172 | -5.9% |
| Cash at bank and in hand | 54/58 | - | €42,046 | +€42,046 | |
| Total equity and liabilities | 10/49 | €190,706 | €220,850 | +€30,143 | +15.8% |
| Equity | 10/15 | €169,872 | €21,406 | -€148,466 | -87.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,412 | €946 | -€148,466 | -99.4% |
| Amounts payable | 17/49 | €20,834 | €199,443 | +€178,609 | +857.3% |
| Amounts payable within one year | 42/48 | €20,069 | €199,443 | +€179,374 | +893.8% |
| Financial debts | 43 | €3,062 | - | -€3,062 | |
| Credit institutions | 430/8 | €3,062 | - | -€3,062 | |
| Trade debts | 44 | €7,392 | €5,313 | -€2,079 | -28.1% |
| Suppliers | 440/4 | €7,392 | €5,313 | -€2,079 | -28.1% |
| Taxes, remuneration and social security | 45 | €9,615 | €14,130 | +€4,515 | +47.0% |
| Taxes | 450/3 | €9,615 | €14,130 | +€4,515 | +47.0% |
| Other amounts payable | 47/48 | - | €180,000 | +€180,000 | |
| Accrued charges and deferred income | 492/3 | €765 | - | -€765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,068 | €2,614 | -€453 | -14.8% |
| Other operating charges | 640/8 | €350 | €607 | +€257 | +73.5% |
| Gross operating margin | 9900 | €33,796 | €40,614 | +€6,818 | +20.2% |
| Operating profit (loss) | 9901 | €30,378 | €37,392 | +€7,014 | +23.1% |
| Financial income | 75/76B | €3,647 | €6,404 | +€2,757 | +75.6% |
| Recurring financial income | 75 | €3,647 | €6,404 | +€2,757 | +75.6% |
| Financial charges | 65/66B | €539 | €856 | +€316 | +58.7% |
| Recurring financial charges | 65 | €539 | €856 | +€316 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €33,486 | €42,940 | +€9,455 | +28.2% |
| Income taxes | 67/77 | €9,495 | €11,406 | +€1,911 | +20.1% |
| Profit (loss) for the period | 9904 | €23,991 | €31,534 | +€7,544 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,991 | €31,534 | +€7,544 | +31.4% |
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 10 October 2026 via checked.be.