INVENTORY-TEAM: 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.
INVENTORY-TEAM
Largest movements
- Cash +€48,345
up €48,345 (+74.2%), from €65,148 to €113,493
mainly Net result for the year (+€56,612) and Other debts (+€40,020)
- Receivables within one year +€23,105
up €23,105 (+180.2%), from €12,823 to €35,928
of which Trade receivables: +€20,195
- Tangible fixed assets +€12,265
up €12,265 (+113.8%), from €10,775 to €23,040
- Other debts +€40,020
new in 2025: €40,020
- Tax, wage and social debts +€24,036
up €24,036 (+286.2%), from €8,397 to €32,433
- Profit (loss) carried forward +€16,612
up €16,612 (+69.6%), from €23,851 to €40,463
- Accrued charges and deferred income +€1,973
new in 2025: €1,973
- Gross operating margin +€53,316
up €53,316 (+156.3%), from €34,119 to €87,435
- Taxes +€14,200
up €14,200 (+215.2%), from €6,600 to €20,800
- Depreciation +€1,979
up €1,979 (+33.6%), from €5,899 to €7,878
- Other operating charges +€1,589
up €1,589 (+413.2%), from €384 to €1,973
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 | €91,966 | €173,325 | +€81,359 | +88.5% |
| Fixed assets | 21/28 | €12,805 | €23,904 | +€11,099 | +86.7% |
| Intangible fixed assets | 21 | €2,030 | €864 | -€1,166 | -57.4% |
| Tangible fixed assets | 22/27 | €10,775 | €23,040 | +€12,265 | +113.8% |
| Furniture and vehicles | 24 | €10,775 | €23,040 | +€12,265 | +113.8% |
| Current assets | 29/58 | €79,161 | €149,421 | +€70,260 | +88.8% |
| Amounts receivable within one year | 40/41 | €12,823 | €35,928 | +€23,105 | +180.2% |
| Trade receivables | 40 | €12,361 | €32,556 | +€20,195 | +163.4% |
| Other amounts receivable | 41 | €462 | €3,372 | +€2,910 | +629.4% |
| Cash at bank and in hand | 54/58 | €65,148 | €113,493 | +€48,345 | +74.2% |
| Deferred charges and accrued income | 490/1 | €1,190 | - | -€1,190 | |
| Total equity and liabilities | 10/49 | €91,966 | €173,325 | +€81,359 | +88.5% |
| Equity | 10/15 | €42,451 | €59,063 | +€16,612 | +39.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,851 | €40,463 | +€16,612 | +69.6% |
| Amounts payable | 17/49 | €49,515 | €114,262 | +€64,747 | +130.8% |
| Amounts payable within one year | 42/48 | €49,515 | €112,289 | +€62,774 | +126.8% |
| Trade debts | 44 | €41,118 | €39,836 | -€1,282 | -3.1% |
| Suppliers | 440/4 | €41,118 | €39,836 | -€1,282 | -3.1% |
| Taxes, remuneration and social security | 45 | €8,397 | €32,433 | +€24,036 | +286.2% |
| Taxes | 450/3 | €8,397 | €32,433 | +€24,036 | +286.2% |
| Other amounts payable | 47/48 | - | €40,020 | +€40,020 | |
| Accrued charges and deferred income | 492/3 | - | €1,973 | +€1,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,899 | €7,878 | +€1,979 | +33.6% |
| Other operating charges | 640/8 | €384 | €1,973 | +€1,589 | +413.2% |
| Gross operating margin | 9900 | €34,119 | €87,435 | +€53,316 | +156.3% |
| Operating profit (loss) | 9901 | €27,835 | €77,584 | +€49,749 | +178.7% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €167 | €172 | +€5 | +3.2% |
| Recurring financial charges | 65 | €167 | €172 | +€5 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €27,706 | €77,412 | +€49,706 | +179.4% |
| Income taxes | 67/77 | €6,600 | €20,800 | +€14,200 | +215.2% |
| Profit (loss) for the period | 9904 | €21,106 | €56,612 | +€35,506 | +168.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,106 | €56,612 | +€35,506 | +168.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.