I.D. STRUCTURE: 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.
I.D. STRUCTURE
Largest movements
- Stocks and contracts -€523,222
down €523,222 (-58.1%), from €901,004 to €377,782
- Cash +€47,695
up €47,695 (+938.5%), from €5,082 to €52,777
mainly Stocks and contracts (+€523,222) and Net result for the year (+€109,307)
- Intangible fixed assets -€36,181
down €36,181 (-22.9%), from €158,169 to €121,987
- Receivables within one year +€13,568
up €13,568 (+209.8%), from €6,467 to €20,035
of which Other amounts receivable: +€13,774
- Debts after one year -€599,442
down €599,442 (-85.6%), from €700,000 to €100,558
- Reserves +€109,307
up €109,307 (+5876.7%), from €1,860 to €111,167
of which Distributable reserves: +€109,307
- Other debts -€89,499
down €89,499 (-99.6%), from €89,866 to €367
- Tax, wage and social debts +€44,618
up €44,618 (+36337.1%), from €123 to €44,741
- Trade debts +€31,832
up €31,832 (+40.2%), from €79,198 to €111,030
- Gross operating margin +€214,436
up €214,436, from -€15,996 to €198,441
- Taxes +€40,268
up €40,268 (+786.5%), from €5,120 to €45,387
- Financial charges -€28,892
down €28,892 (-85.2%), from €33,918 to €5,025
- Depreciation +€14,010
up €14,010 (+55.4%), from €25,273 to €39,283
- Other operating charges -€2,596
down €2,596 (-62.0%), from €4,187 to €1,592
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 | €1,090,524 | €587,341 | -€503,183 | -46.1% |
| Formation expenses | 20 | €504 | €44 | -€460 | -91.4% |
| Fixed assets | 21/28 | €174,746 | €135,923 | -€38,823 | -22.2% |
| Intangible fixed assets | 21 | €158,169 | €121,987 | -€36,181 | -22.9% |
| Tangible fixed assets | 22/27 | €15,578 | €12,936 | -€2,642 | -17.0% |
| Plant, machinery and equipment | 23 | €14,219 | €12,038 | -€2,182 | -15.3% |
| Furniture and vehicles | 24 | €1,359 | €898 | -€460 | -33.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €915,274 | €451,374 | -€463,900 | -50.7% |
| Stocks and contracts in progress | 3 | €901,004 | €377,782 | -€523,222 | -58.1% |
| Stocks | 30/36 | €901,004 | €377,782 | -€523,222 | -58.1% |
| Amounts receivable within one year | 40/41 | €6,467 | €20,035 | +€13,568 | +209.8% |
| Trade receivables | 40 | €364 | €158 | -€207 | -56.7% |
| Other amounts receivable | 41 | €6,103 | €19,877 | +€13,774 | +225.7% |
| Cash at bank and in hand | 54/58 | €5,082 | €52,777 | +€47,695 | +938.5% |
| Deferred charges and accrued income | 490/1 | €2,720 | €781 | -€1,940 | -71.3% |
| Total equity and liabilities | 10/49 | €1,090,524 | €587,341 | -€503,183 | -46.1% |
| Equity | 10/15 | €221,338 | €330,646 | +€109,307 | +49.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €111,167 | +€109,307 | +5876.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €109,307 | +€109,307 | |
| Profit (loss) carried forward | 14 | €213,278 | €213,278 | = | 0.0% |
| Amounts payable | 17/49 | €869,186 | €256,696 | -€612,490 | -70.5% |
| Amounts payable after more than one year | 17 | €700,000 | €100,558 | -€599,442 | -85.6% |
| Financial debts | 170/4 | €700,000 | €100,558 | -€599,442 | -85.6% |
| Amounts payable within one year | 42/48 | €169,186 | €156,137 | -€13,049 | -7.7% |
| Trade debts | 44 | €79,198 | €111,030 | +€31,832 | +40.2% |
| Suppliers | 440/4 | €79,198 | €111,030 | +€31,832 | +40.2% |
| Taxes, remuneration and social security | 45 | €123 | €44,741 | +€44,618 | +36337.1% |
| Taxes | 450/3 | €123 | €44,741 | +€44,618 | +36337.1% |
| Other amounts payable | 47/48 | €89,866 | €367 | -€89,499 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,273 | €39,283 | +€14,010 | +55.4% |
| Other operating charges | 640/8 | €4,187 | €1,592 | -€2,596 | -62.0% |
| Gross operating margin | 9900 | -€15,996 | €198,441 | +€214,436 | |
| Operating profit (loss) | 9901 | -€45,456 | €157,566 | +€203,022 | |
| Financial income | 75/76B | €214 | €2,154 | +€1,940 | +905.6% |
| Recurring financial income | 75 | €214 | €2,154 | +€1,940 | +905.6% |
| Financial charges | 65/66B | €33,918 | €5,025 | -€28,892 | -85.2% |
| Recurring financial charges | 65 | €33,918 | €5,025 | -€28,892 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,160 | €154,695 | +€233,854 | |
| Income taxes | 67/77 | €5,120 | €45,387 | +€40,268 | +786.5% |
| Profit (loss) for the period | 9904 | -€84,279 | €109,307 | +€193,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,279 | €109,307 | +€193,587 |
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 11 October 2026 via checked.be.