HY9: 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.
HY9
Largest movements
- Cash +€171,266
new in 2025: €171,266
mainly Net result for the year (+€106,128) and Receivables within one year (+€64,854)
- Receivables within one year -€64,854
down €64,854 (-68.3%), from €94,920 to €30,067
of which Other amounts receivable: -€79,920
- Profit (loss) carried forward +€106,128
up €106,128 (+174.9%), from €60,683 to €166,811
- Gross operating margin +€51,814
up €51,814 (+62.9%), from €82,323 to €134,136
- Taxes +€3,242
up €3,242 (+15.4%), from €21,000 to €24,242
- Financial charges +€2,247
up €2,247 (+2883.4%), from €78 to €2,325
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 | €101,567 | €206,538 | +€104,971 | +103.4% |
| Fixed assets | 21/28 | €6,647 | €5,205 | -€1,442 | -21.7% |
| Tangible fixed assets | 22/27 | €6,647 | €5,205 | -€1,442 | -21.7% |
| Furniture and vehicles | 24 | €6,647 | €5,205 | -€1,442 | -21.7% |
| Current assets | 29/58 | €94,920 | €201,333 | +€106,412 | +112.1% |
| Amounts receivable within one year | 40/41 | €94,920 | €30,067 | -€64,854 | -68.3% |
| Trade receivables | 40 | €15,000 | €30,067 | +€15,067 | +100.4% |
| Other amounts receivable | 41 | €79,920 | - | -€79,920 | |
| Cash at bank and in hand | 54/58 | - | €171,266 | +€171,266 | |
| Total equity and liabilities | 10/49 | €101,567 | €206,538 | +€104,971 | +103.4% |
| Equity | 10/15 | €62,683 | €168,811 | +€106,128 | +169.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,683 | €166,811 | +€106,128 | +174.9% |
| Amounts payable | 17/49 | €38,884 | €37,727 | -€1,157 | -3.0% |
| Amounts payable within one year | 42/48 | €37,204 | €37,727 | +€523 | +1.4% |
| Trade debts | 44 | €2,658 | €2,277 | -€381 | -14.3% |
| Suppliers | 440/4 | €2,658 | €2,277 | -€381 | -14.3% |
| Taxes, remuneration and social security | 45 | €34,546 | €35,350 | +€804 | +2.3% |
| Taxes | 450/3 | €34,546 | €35,350 | +€804 | +2.3% |
| Other amounts payable | 47/48 | - | €100 | +€100 | |
| Accrued charges and deferred income | 492/3 | €1,680 | - | -€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561 | €1,442 | +€880 | +156.9% |
| Gross operating margin | 9900 | €82,323 | €134,136 | +€51,814 | +62.9% |
| Operating profit (loss) | 9901 | €81,761 | €132,695 | +€50,933 | +62.3% |
| Financial charges | 65/66B | €78 | €2,325 | +€2,247 | +2883.4% |
| Recurring financial charges | 65 | €78 | €2,325 | +€2,247 | +2883.4% |
| Profit (loss) for the period before taxes | 9903 | €81,683 | €130,370 | +€48,686 | +59.6% |
| Income taxes | 67/77 | €21,000 | €24,242 | +€3,242 | +15.4% |
| Profit (loss) for the period | 9904 | €60,683 | €106,128 | +€45,444 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,683 | €106,128 | +€45,444 | +74.9% |
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.