IMPACT: 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.
IMPACT
Largest movements
- Cash -€39,303
down €39,303 (-73.6%), from €53,391 to €14,088
mainly Receivables within one year (-€35,198) and Debts after one year (-€12,809)
- Receivables within one year +€35,198
up €35,198 (+121.0%), from €29,082 to €64,280
of which Other amounts receivable: +€38,404
- Tangible fixed assets -€20,343
down €20,343 (-44.8%), from €45,430 to €25,087
of which Furniture and vehicles: -€19,639
- Debts after one year -€12,809
down €12,809 (-94.0%), from €13,633 to €824
- Reserves -€11,474
down €11,474 (-17.1%), from €67,197 to €55,723
- Other debts +€9,000
new in 2025: €9,000
- Current portion of long-term debt -€2,997
down €2,997 (-19.0%), from €15,806 to €12,809
- Tax, wage and social debts -€2,671
down €2,671 (-32.4%), from €8,236 to €5,566
- Gross operating margin -€29,008
down €29,008 (-55.9%), from €51,917 to €22,909
- Taxes -€7,876
down €7,876 (-71.7%), from €10,992 to €3,116
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 | €128,414 | €103,985 | -€24,429 | -19.0% |
| Fixed assets | 21/28 | €45,430 | €25,087 | -€20,343 | -44.8% |
| Tangible fixed assets | 22/27 | €45,430 | €25,087 | -€20,343 | -44.8% |
| Furniture and vehicles | 24 | €43,783 | €24,144 | -€19,639 | -44.9% |
| Other tangible fixed assets | 26 | €1,647 | €943 | -€704 | -42.7% |
| Current assets | 29/58 | €82,984 | €78,898 | -€4,086 | -4.9% |
| Amounts receivable within one year | 40/41 | €29,082 | €64,280 | +€35,198 | +121.0% |
| Trade receivables | 40 | €18,150 | €14,944 | -€3,207 | -17.7% |
| Other amounts receivable | 41 | €10,932 | €49,337 | +€38,404 | +351.3% |
| Cash at bank and in hand | 54/58 | €53,391 | €14,088 | -€39,303 | -73.6% |
| Deferred charges and accrued income | 490/1 | €512 | €530 | +€19 | +3.6% |
| Total equity and liabilities | 10/49 | €128,414 | €103,985 | -€24,429 | -19.0% |
| Equity | 10/15 | €87,197 | €75,589 | -€11,607 | -13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €67,197 | €55,723 | -€11,474 | -17.1% |
| Distributable reserves | 133 | €67,197 | €55,723 | -€11,474 | -17.1% |
| Profit (loss) carried forward | 14 | - | -€133 | -€133 | |
| Amounts payable | 17/49 | €41,218 | €28,396 | -€12,822 | -31.1% |
| Amounts payable after more than one year | 17 | €13,633 | €824 | -€12,809 | -94.0% |
| Financial debts | 170/4 | €13,633 | €824 | -€12,809 | -94.0% |
| Amounts payable within one year | 42/48 | €25,424 | €27,571 | +€2,147 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €15,806 | €12,809 | -€2,997 | -19.0% |
| Trade debts | 44 | €1,382 | €197 | -€1,186 | -85.8% |
| Suppliers | 440/4 | €1,382 | €197 | -€1,186 | -85.8% |
| Taxes, remuneration and social security | 45 | €8,236 | €5,566 | -€2,671 | -32.4% |
| Taxes | 450/3 | €8,236 | €5,566 | -€2,671 | -32.4% |
| Other amounts payable | 47/48 | - | €9,000 | +€9,000 | |
| Accrued charges and deferred income | 492/3 | €2,160 | - | -€2,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,343 | €20,343 | = | 0.0% |
| Other operating charges | 640/8 | €1,192 | €1,027 | -€165 | -13.9% |
| Gross operating margin | 9900 | €51,917 | €22,909 | -€29,008 | -55.9% |
| Operating profit (loss) | 9901 | €30,381 | €1,539 | -€28,843 | -94.9% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €687 | €607 | -€80 | -11.7% |
| Recurring financial charges | 65 | €687 | €607 | -€80 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €29,695 | €982 | -€28,713 | -96.7% |
| Income taxes | 67/77 | €10,992 | €3,116 | -€7,876 | -71.7% |
| Profit (loss) for the period | 9904 | €18,703 | -€2,133 | -€20,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,703 | -€2,133 | -€20,836 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.