IMAGE CONCEPT: 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.
IMAGE CONCEPT
Largest movements
- Receivables within one year -€52,190
down €52,190 (-46.3%), from €112,738 to €60,549
of which Trade receivables: -€61,501
- Cash +€32,088
up €32,088 (+907.2%), from €3,537 to €35,625
mainly Receivables within one year (+€52,190) and Depreciation (+€25,832)
- Tax, wage and social debts -€15,690
down €15,690 (-39.0%), from €40,197 to €24,507
of which Taxes: -€14,329
- Short-term financial debts -€7,125
down €7,125 (-43.3%), from €16,437 to €9,312
- Other debts +€3,561
up €3,561 (+7.7%), from €46,047 to €49,607
- Trade debts +€3,011
up €3,011 (+18.7%), from €16,101 to €19,112
- Current portion of long-term debt -€2,418
down €2,418 (-25.9%), from €9,352 to €6,934
- Gross operating margin -€20,573
down €20,573 (-11.1%), from €185,576 to €165,002
- Staff costs +€9,971
up €9,971 (+7.8%), from €127,753 to €137,724
- Taxes -€8,386
down €8,386, from €8,386 to -€0
- Depreciation +€3,168
up €3,168 (+14.0%), from €22,665 to €25,832
- Financial charges -€2,628
down €2,628 (-53.5%), from €4,911 to €2,283
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 | €182,022 | €164,524 | -€17,499 | -9.6% |
| Fixed assets | 21/28 | €57,113 | €58,146 | +€1,033 | +1.8% |
| Tangible fixed assets | 22/27 | €57,063 | €58,096 | +€1,033 | +1.8% |
| Plant, machinery and equipment | 23 | €40,673 | €28,905 | -€11,769 | -28.9% |
| Furniture and vehicles | 24 | €1,691 | €23,904 | +€22,212 | +1313.4% |
| Leasing and similar rights | 25 | €14,698 | €5,287 | -€9,411 | -64.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €124,910 | €106,378 | -€18,532 | -14.8% |
| Stocks and contracts in progress | 3 | €6,665 | €8,279 | +€1,614 | +24.2% |
| Stocks | 30/36 | €6,665 | €8,279 | +€1,614 | +24.2% |
| Amounts receivable within one year | 40/41 | €112,738 | €60,549 | -€52,190 | -46.3% |
| Trade receivables | 40 | €112,681 | €51,180 | -€61,501 | -54.6% |
| Other amounts receivable | 41 | €58 | €9,369 | +€9,311 | +16126.2% |
| Cash at bank and in hand | 54/58 | €3,537 | €35,625 | +€32,088 | +907.2% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,926 | -€44 | -2.2% |
| Total equity and liabilities | 10/49 | €182,022 | €164,524 | -€17,499 | -9.6% |
| Equity | 10/15 | €46,954 | €46,063 | -€891 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,354 | €7,463 | -€891 | -10.7% |
| Amounts payable | 17/49 | €135,068 | €118,461 | -€16,608 | -12.3% |
| Amounts payable after more than one year | 17 | €6,934 | €7,738 | +€804 | +11.6% |
| Financial debts | 170/4 | €6,934 | €7,738 | +€804 | +11.6% |
| Amounts payable within one year | 42/48 | €128,134 | €109,472 | -€18,662 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €9,352 | €6,934 | -€2,418 | -25.9% |
| Financial debts | 43 | €16,437 | €9,312 | -€7,125 | -43.3% |
| Credit institutions | 430/8 | €16,437 | €9,312 | -€7,125 | -43.3% |
| Trade debts | 44 | €16,101 | €19,112 | +€3,011 | +18.7% |
| Suppliers | 440/4 | €16,101 | €19,112 | +€3,011 | +18.7% |
| Taxes, remuneration and social security | 45 | €40,197 | €24,507 | -€15,690 | -39.0% |
| Taxes | 450/3 | €16,316 | €1,987 | -€14,329 | -87.8% |
| Remuneration and social security | 454/9 | €23,882 | €22,520 | -€1,362 | -5.7% |
| Other amounts payable | 47/48 | €46,047 | €49,607 | +€3,561 | +7.7% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Remuneration, social security and pensions | 62 | €127,753 | €137,724 | +€9,971 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,665 | €25,832 | +€3,168 | +14.0% |
| Other operating charges | 640/8 | €75 | €54 | -€21 | -27.5% |
| Gross operating margin | 9900 | €185,576 | €165,002 | -€20,573 | -11.1% |
| Operating profit (loss) | 9901 | €35,084 | €1,392 | -€33,692 | -96.0% |
| Financial income | 75/76B | €161 | €0 | -€161 | -99.8% |
| Recurring financial income | 75 | €161 | €0 | -€161 | -99.8% |
| Financial charges | 65/66B | €4,911 | €2,283 | -€2,628 | -53.5% |
| Recurring financial charges | 65 | €4,911 | €2,283 | -€2,628 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €30,333 | -€891 | -€31,224 | |
| Income taxes | 67/77 | €8,386 | -€0 | -€8,386 | |
| Profit (loss) for the period | 9904 | €21,948 | -€891 | -€22,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,948 | -€891 | -€22,838 |
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 1 October 2026 via checked.be.