HOME +: 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.
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Largest movements
- Stocks and contracts +€61,920
up €61,920 (+6.8%), from €911,332 to €973,252
- Debts after one year +€71,000
up €71,000 (+7.4%), from €956,500 to €1.0m
- Gross operating margin +€9,385
up €9,385, from -€5,744 to €3,641
- Other operating charges +€4,362
up €4,362 (+52.5%), from €8,300 to €12,662
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 | €919,372 | €977,542 | +€58,171 | +6.3% |
| Current assets | 29/58 | €919,372 | €977,542 | +€58,171 | +6.3% |
| Stocks and contracts in progress | 3 | €911,332 | €973,252 | +€61,920 | +6.8% |
| Stocks | 30/36 | €911,332 | €973,252 | +€61,920 | +6.8% |
| Amounts receivable within one year | 40/41 | €2,461 | €1,212 | -€1,249 | -50.7% |
| Other amounts receivable | 41 | €2,461 | €1,212 | -€1,249 | -50.7% |
| Cash at bank and in hand | 54/58 | €5,367 | €2,851 | -€2,516 | -46.9% |
| Deferred charges and accrued income | 490/1 | €212 | €228 | +€15 | +7.1% |
| Total equity and liabilities | 10/49 | €919,372 | €977,542 | +€58,171 | +6.3% |
| Equity | 10/15 | -€50,214 | -€59,572 | -€9,358 | -18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,214 | -€81,572 | -€9,358 | -13.0% |
| Amounts payable | 17/49 | €969,585 | €1,037,114 | +€67,529 | +7.0% |
| Amounts payable after more than one year | 17 | €956,500 | €1,027,500 | +€71,000 | +7.4% |
| Financial debts | 170/4 | €956,500 | €1,027,500 | +€71,000 | +7.4% |
| Amounts payable within one year | 42/48 | €13,085 | €9,614 | -€3,471 | -26.5% |
| Trade debts | 44 | €13,085 | €9,614 | -€3,471 | -26.5% |
| Suppliers | 440/4 | €13,085 | €9,614 | -€3,471 | -26.5% |
| Other operating charges | 640/8 | €8,300 | €12,662 | +€4,362 | +52.5% |
| Gross operating margin | 9900 | -€5,744 | €3,641 | +€9,385 | |
| Operating profit (loss) | 9901 | -€14,044 | -€9,021 | +€5,023 | +35.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €350 | €338 | -€13 | -3.6% |
| Recurring financial charges | 65 | €350 | €338 | -€13 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,394 | -€9,358 | +€5,036 | +35.0% |
| Profit (loss) for the period | 9904 | -€14,394 | -€9,358 | +€5,036 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,394 | -€9,358 | +€5,036 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.