Incrementalists: 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.
Incrementalists
Largest movements
- Cash -€111,017
down €111,017 (-57.4%), from €193,493 to €82,477
mainly Contributions, distributions and other (-€250,226) and Tax, wage and social debts (-€11,467)
- Tangible fixed assets -€7,909
down €7,909 (-54.0%), from €14,651 to €6,742
of which Furniture and vehicles: -€7,518
- Reserves -€177,996
down €177,996 (-100.0%), from €177,996 to €0
- Other debts +€74,774
up €74,774 (+3546.6%), from €2,108 to €76,882
- Tax, wage and social debts -€11,467
down €11,467 (-52.0%), from €22,052 to €10,584
- Debts after one year -€5,567
down €5,567 (-100.0%), from €5,567 to €0
- Gross operating margin +€18,064
up €18,064 (+21.8%), from €82,673 to €100,737
- Taxes +€3,466
up €3,466 (+20.5%), from €16,938 to €20,404
- Financial income +€1,939
up €1,939 (+260.1%), from €746 to €2,685
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 | €224,502 | €104,221 | -€120,280 | -53.6% |
| Fixed assets | 21/28 | €14,651 | €6,742 | -€7,909 | -54.0% |
| Tangible fixed assets | 22/27 | €14,651 | €6,742 | -€7,909 | -54.0% |
| Furniture and vehicles | 24 | €13,470 | €5,952 | -€7,518 | -55.8% |
| Other tangible fixed assets | 26 | €1,181 | €791 | -€391 | -33.1% |
| Current assets | 29/58 | €209,851 | €97,479 | -€112,371 | -53.5% |
| Amounts receivable within one year | 40/41 | €13,129 | €11,340 | -€1,789 | -13.6% |
| Trade receivables | 40 | €13,129 | €11,340 | -€1,789 | -13.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €193,493 | €82,477 | -€111,017 | -57.4% |
| Deferred charges and accrued income | 490/1 | €3,229 | €3,663 | +€434 | +13.4% |
| Total equity and liabilities | 10/49 | €224,502 | €104,221 | -€120,280 | -53.6% |
| Equity | 10/15 | €187,996 | €10,000 | -€177,996 | -94.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €177,996 | €0 | -€177,996 | -100.0% |
| Distributable reserves | 133 | €177,996 | €0 | -€177,996 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,506 | €94,221 | +€57,716 | +158.1% |
| Amounts payable after more than one year | 17 | €5,567 | €0 | -€5,567 | -100.0% |
| Financial debts | 170/4 | €5,567 | €0 | -€5,567 | -100.0% |
| Amounts payable within one year | 42/48 | €30,939 | €93,141 | +€62,202 | +201.0% |
| Current portion of amounts payable after more than one year | 42 | €6,626 | €5,567 | -€1,059 | -16.0% |
| Trade debts | 44 | €153 | €108 | -€45 | -29.5% |
| Suppliers | 440/4 | €153 | €108 | -€45 | -29.5% |
| Taxes, remuneration and social security | 45 | €22,052 | €10,584 | -€11,467 | -52.0% |
| Taxes | 450/3 | €22,052 | €10,584 | -€11,467 | -52.0% |
| Other amounts payable | 47/48 | €2,108 | €76,882 | +€74,774 | +3546.6% |
| Accrued charges and deferred income | 492/3 | - | €1,080 | +€1,080 | |
| Remuneration, social security and pensions | 62 | - | €514 | +€514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,158 | €7,909 | -€250 | -3.1% |
| Other operating charges | 640/8 | €740 | €1,144 | +€404 | +54.6% |
| Gross operating margin | 9900 | €82,673 | €100,737 | +€18,064 | +21.8% |
| Operating profit (loss) | 9901 | €73,774 | €91,170 | +€17,396 | +23.6% |
| Financial income | 75/76B | €746 | €2,685 | +€1,939 | +260.1% |
| Recurring financial income | 75 | €746 | €2,685 | +€1,939 | +260.1% |
| Financial charges | 65/66B | €221 | €1,221 | +€1,000 | +451.8% |
| Recurring financial charges | 65 | €221 | €1,221 | +€1,000 | +451.8% |
| Profit (loss) for the period before taxes | 9903 | €74,299 | €92,634 | +€18,335 | +24.7% |
| Income taxes | 67/77 | €16,938 | €20,404 | +€3,466 | +20.5% |
| Profit (loss) for the period | 9904 | €57,361 | €72,230 | +€14,869 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,361 | €72,230 | +€14,869 | +25.9% |
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 4 October 2026 via checked.be.