HOUSE: 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.
HOUSE
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-75.8%), from €1.8m to €441,318
- Cash +€547,665
up €547,665 (+554%), from €98,908 to €646,573
mainly Stocks and contracts (+€1.4m) and Investment in fixed assets (net) (+€416,575)
- Tangible fixed assets -€391,925
down €391,925 (-100%), from €391,925 to €0
of which Land and buildings: -€390,607
- Financial fixed assets -€24,650
down €24,650 (-100%), from €24,650 to €0
- Debts after one year -€1.3m
down €1.3m (-77.3%), from €1.6m to €366,856
- Tax, wage and social debts +€95,750
up €95,750 (+596%), from €16,054 to €111,805
- Trade debts -€68,573
down €68,573 (-90.5%), from €75,763 to €7,190
- Gross operating margin +€265,395
up €265,395 (+183%), from €145,327 to €410,722
- Taxes +€86,819
up €86,819 (+36,365%), from €239 to €87,058
- Depreciation -€36,904
down €36,904 (-100%), from €36,904 to €0
- Financial charges -€34,498
down €34,498 (-34.2%), from €100,865 to €66,367
- Other operating charges +€20,528
up €20,528 (+263%), from €7,802 to €28,329
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 | €2,432,574 | €1,183,152 | -€1.2m | -51.4% |
| Fixed assets | 21/28 | €416,575 | €0 | -€416,575 | -100% |
| Tangible fixed assets | 22/27 | €391,925 | €0 | -€391,925 | -100% |
| Land and buildings | 22 | €390,607 | €0 | -€390,607 | -100% |
| Furniture and vehicles | 24 | €1,319 | €0 | -€1,319 | -100% |
| Financial fixed assets | 28 | €24,650 | €0 | -€24,650 | -100% |
| Current assets | 29/58 | €2,015,998 | €1,183,152 | -€832,847 | -41.3% |
| Stocks and contracts in progress | 3 | €1,827,095 | €441,318 | -€1.4m | -75.8% |
| Stocks | 30/36 | €1,827,095 | €441,318 | -€1.4m | -75.8% |
| Amounts receivable within one year | 40/41 | €84,607 | €92,567 | +€7,959 | +9.4% |
| Trade receivables | 40 | €65,000 | €17,756 | -€47,244 | -72.7% |
| Other amounts receivable | 41 | €19,607 | €74,811 | +€55,204 | +282% |
| Cash at bank and in hand | 54/58 | €98,908 | €646,573 | +€547,665 | +554% |
| Deferred charges and accrued income | 490/1 | €5,389 | €2,694 | -€2,695 | -50.0% |
| Total equity and liabilities | 10/49 | €2,432,574 | €1,183,152 | -€1.2m | -51.4% |
| Equity | 10/15 | €19,256 | €21,634 | +€2,378 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €656 | €3,034 | +€2,378 | +363% |
| Amounts payable | 17/49 | €2,413,318 | €1,161,518 | -€1.3m | -51.9% |
| Amounts payable after more than one year | 17 | €1,618,084 | €366,856 | -€1.3m | -77.3% |
| Financial debts | 170/4 | €1,618,084 | €366,856 | -€1.3m | -77.3% |
| Amounts payable within one year | 42/48 | €784,073 | €781,683 | -€2,390 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €23,941 | €0 | -€23,941 | -100% |
| Trade debts | 44 | €75,763 | €7,190 | -€68,573 | -90.5% |
| Suppliers | 440/4 | €75,763 | €7,190 | -€68,573 | -90.5% |
| Taxes, remuneration and social security | 45 | €16,054 | €111,805 | +€95,750 | +596% |
| Taxes | 450/3 | €16,054 | €111,805 | +€95,750 | +596% |
| Other amounts payable | 47/48 | €668,315 | €662,689 | -€5,626 | -0.8% |
| Accrued charges and deferred income | 492/3 | €11,161 | €12,979 | +€1,818 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,904 | €0 | -€36,904 | -100% |
| Other operating charges | 640/8 | €7,802 | €28,329 | +€20,528 | +263% |
| Non-recurring operating charges | 66A | - | €1,319 | +€1,319 | |
| Gross operating margin | 9900 | €145,327 | €410,722 | +€265,395 | +183% |
| Operating profit (loss) | 9901 | €100,621 | €381,074 | +€280,453 | +279% |
| Financial income | 75/76B | €1,139 | €4,729 | +€3,590 | +315% |
| Recurring financial income | 75 | €1,139 | €4,729 | +€3,590 | +315% |
| Financial charges | 65/66B | €100,865 | €66,367 | -€34,498 | -34.2% |
| Recurring financial charges | 65 | €100,865 | €66,367 | -€34,498 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €895 | €319,435 | +€318,541 | +35,608% |
| Income taxes | 67/77 | €239 | €87,058 | +€86,819 | +36,365% |
| Profit (loss) for the period | 9904 | €656 | €232,378 | +€231,722 | +35,333% |
| Profit (loss) for the period to be appropriated | 9905 | €656 | €232,378 | +€231,722 | +35,333% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.