IN FINE: 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.
IN FINE
Largest movements
- Cash -€54,468
down €54,468 (-34.2%), from €159,385 to €104,917
mainly Receivables within one year (-€51,491) and Investment in fixed assets (net) (-€21,406)
- Receivables within one year +€51,491
up €51,491 (+38.6%), from €133,268 to €184,759
of which Other amounts receivable: +€50,521
- Tangible fixed assets +€8,199
up €8,199 (+18.3%), from €44,698 to €52,897
of which Other tangible fixed assets: +€16,025
- Reserves +€19,505
up €19,505 (+26.2%), from €74,378 to €93,884
of which Distributable reserves: +€19,505
- Tax, wage and social debts -€17,812
down €17,812 (-40.7%), from €43,813 to €26,001
- Trade debts +€5,425
up €5,425 (+5.4%), from €100,555 to €105,980
- Gross operating margin -€55,174
down €55,174 (-48.6%), from €113,457 to €58,283
- Taxes -€25,298
down €25,298 (-58.6%), from €43,203 to €17,905
- Depreciation -€6,794
down €6,794 (-34.0%), from €20,000 to €13,207
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 | €346,375 | €351,096 | +€4,722 | +1.4% |
| Fixed assets | 21/28 | €44,698 | €52,897 | +€8,199 | +18.3% |
| Tangible fixed assets | 22/27 | €44,698 | €52,897 | +€8,199 | +18.3% |
| Land and buildings | 22 | €20,418 | €18,313 | -€2,105 | -10.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €11,921 | €6,201 | -€5,720 | -48.0% |
| Other tangible fixed assets | 26 | €12,359 | €28,384 | +€16,025 | +130% |
| Current assets | 29/58 | €301,677 | €298,200 | -€3,477 | -1.2% |
| Amounts receivable within one year | 40/41 | €133,268 | €184,759 | +€51,491 | +38.6% |
| Trade receivables | 40 | €29,610 | €30,580 | +€970 | +3.3% |
| Other amounts receivable | 41 | €103,658 | €154,179 | +€50,521 | +48.7% |
| Cash at bank and in hand | 54/58 | €159,385 | €104,917 | -€54,468 | -34.2% |
| Deferred charges and accrued income | 490/1 | €9,024 | €8,524 | -€501 | -5.5% |
| Total equity and liabilities | 10/49 | €346,375 | €351,096 | +€4,722 | +1.4% |
| Equity | 10/15 | €199,199 | €218,704 | +€19,505 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,378 | €93,884 | +€19,505 | +26.2% |
| 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 | €72,518 | €92,024 | +€19,505 | +26.9% |
| Profit (loss) carried forward | 14 | €106,220 | €106,220 | = | 0.0% |
| Amounts payable | 17/49 | €147,176 | €132,392 | -€14,783 | -10.0% |
| Amounts payable after more than one year | 17 | €411 | - | -€411 | |
| Financial debts | 170/4 | €411 | - | -€411 | |
| Amounts payable within one year | 42/48 | €146,764 | €132,392 | -€14,372 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €2,397 | €411 | -€1,985 | -82.8% |
| Trade debts | 44 | €100,555 | €105,980 | +€5,425 | +5.4% |
| Suppliers | 440/4 | €100,555 | €105,980 | +€5,425 | +5.4% |
| Taxes, remuneration and social security | 45 | €43,813 | €26,001 | -€17,812 | -40.7% |
| Taxes | 450/3 | €43,813 | €26,001 | -€17,812 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,000 | €13,207 | -€6,794 | -34.0% |
| Other operating charges | 640/8 | €3,841 | €3,783 | -€58 | -1.5% |
| Gross operating margin | 9900 | €113,457 | €58,283 | -€55,174 | -48.6% |
| Operating profit (loss) | 9901 | €89,615 | €41,293 | -€48,322 | -53.9% |
| Financial income | 75/76B | €207 | €587 | +€380 | +183% |
| Recurring financial income | 75 | €207 | €587 | +€380 | +183% |
| Financial charges | 65/66B | €3,948 | €4,470 | +€522 | +13.2% |
| Recurring financial charges | 65 | €3,948 | €4,470 | +€522 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €85,874 | €37,410 | -€48,464 | -56.4% |
| Income taxes | 67/77 | €43,203 | €17,905 | -€25,298 | -58.6% |
| Profit (loss) for the period | 9904 | €42,671 | €19,505 | -€23,166 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,671 | €19,505 | -€23,166 | -54.3% |
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 22 October 2026 via checked.be.