IN SHAPE MANAGEMENT: 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 SHAPE MANAGEMENT
Largest movements
- Tangible fixed assets +€1,145
up €1,145 (+566.8%), from €202 to €1,347
- Receivables within one year -€196
down €196 (-96.3%), from €204 to €8
- Profit (loss) carried forward -€18,898
down €18,898 (-18.9%), from -€99,878 to -€118,777
- Other debts +€18,663
up €18,663 (+30.2%), from €61,807 to €80,470
- Trade debts +€908
up €908 (+30.3%), from €3,000 to €3,908
- Short-term financial debts +€148
up €148 (+1.7%), from €8,862 to €9,010
- Tax, wage and social debts +€129
new in 2025: €129
- Gross operating margin +€7,348
up €7,348 (+31.1%), from -€23,634 to -€16,287
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406 | €1,354 | +€949 | +233.9% |
| Fixed assets | 21/28 | €202 | €1,347 | +€1,145 | +566.8% |
| Tangible fixed assets | 22/27 | €202 | €1,347 | +€1,145 | +566.8% |
| Plant, machinery and equipment | 23 | €202 | €1,347 | +€1,145 | +566.8% |
| Current assets | 29/58 | €204 | €8 | -€196 | -96.3% |
| Amounts receivable within one year | 40/41 | €204 | €8 | -€196 | -96.3% |
| Other amounts receivable | 41 | €204 | €8 | -€196 | -96.3% |
| Total equity and liabilities | 10/49 | €406 | €1,354 | +€949 | +233.9% |
| Equity | 10/15 | -€73,264 | -€92,162 | -€18,898 | -25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,415 | €20,415 | = | 0.0% |
| 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 | €18,555 | €18,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,878 | -€118,777 | -€18,898 | -18.9% |
| Amounts payable | 17/49 | €73,669 | €93,516 | +€19,847 | +26.9% |
| Amounts payable within one year | 42/48 | €73,669 | €93,516 | +€19,847 | +26.9% |
| Financial debts | 43 | €8,862 | €9,010 | +€148 | +1.7% |
| Credit institutions | 430/8 | €8,862 | €9,010 | +€148 | +1.7% |
| Trade debts | 44 | €3,000 | €3,908 | +€908 | +30.3% |
| Suppliers | 440/4 | €3,000 | €3,908 | +€908 | +30.3% |
| Taxes, remuneration and social security | 45 | - | €129 | +€129 | |
| Taxes | 450/3 | - | €129 | +€129 | |
| Other amounts payable | 47/48 | €61,807 | €80,470 | +€18,663 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €590 | +€210 | +55.1% |
| Other operating charges | 640/8 | €602 | €571 | -€31 | -5.2% |
| Gross operating margin | 9900 | -€23,634 | -€16,287 | +€7,348 | +31.1% |
| Operating profit (loss) | 9901 | -€24,617 | -€17,448 | +€7,169 | +29.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,511 | €1,451 | -€60 | -4.0% |
| Recurring financial charges | 65 | €1,511 | €1,451 | -€60 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,128 | -€18,898 | +€7,230 | +27.7% |
| Profit (loss) for the period | 9904 | -€26,128 | -€18,898 | +€7,230 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,128 | -€18,898 | +€7,230 | +27.7% |
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 10 October 2026 via checked.be.