IT: 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.
IT
Largest movements
- Receivables within one year +€70,911
up €70,911 (+39.3%), from €180,295 to €251,206
- Tangible fixed assets -€17,369
down €17,369 (-7.3%), from €237,398 to €220,029
of which Other tangible fixed assets: -€26,215
- Formation expenses -€8,291
down €8,291 (-11.1%), from €74,620 to €66,329
- Cash +€6,968
up €6,968 (+188.9%), from €3,688 to €10,656
mainly Depreciation (+€47,331) and Trade debts (+€37,974)
- Trade debts +€37,974
up €37,974 (+37.5%), from €101,183 to €139,157
- Profit (loss) carried forward +€36,847
up €36,847 (+50.4%), from -€73,165 to -€36,319
- Debts after one year -€26,053
down €26,053 (-11.7%), from €223,049 to €196,995
- Other debts -€25,399
down €25,399 (-66.7%), from €38,064 to €12,665
- Current portion of long-term debt +€15,979
up €15,979 (+62.9%), from €25,422 to €41,401
- Staff costs +€42,942
up €42,942 (+18.1%), from €236,753 to €279,695
- Gross operating margin +€41,568
up €41,568 (+12.5%), from €333,794 to €375,362
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 | €504,513 | €554,996 | +€50,483 | +10.0% |
| Formation expenses | 20 | €74,620 | €66,329 | -€8,291 | -11.1% |
| Fixed assets | 21/28 | €244,175 | €226,805 | -€17,369 | -7.1% |
| Tangible fixed assets | 22/27 | €237,398 | €220,029 | -€17,369 | -7.3% |
| Plant, machinery and equipment | 23 | €820 | €574 | -€246 | -30.0% |
| Furniture and vehicles | 24 | €28,278 | €37,370 | +€9,091 | +32.1% |
| Other tangible fixed assets | 26 | €208,300 | €182,085 | -€26,215 | -12.6% |
| Financial fixed assets | 28 | €6,776 | €6,776 | = | 0.0% |
| Current assets | 29/58 | €185,718 | €261,862 | +€76,144 | +41.0% |
| Amounts receivable within one year | 40/41 | €180,295 | €251,206 | +€70,911 | +39.3% |
| Trade receivables | 40 | €180,295 | €251,206 | +€70,911 | +39.3% |
| Cash at bank and in hand | 54/58 | €3,688 | €10,656 | +€6,968 | +188.9% |
| Deferred charges and accrued income | 490/1 | €1,735 | - | -€1,735 | |
| Total equity and liabilities | 10/49 | €504,513 | €554,996 | +€50,483 | +10.0% |
| Equity | 10/15 | €71,825 | €108,671 | +€36,847 | +51.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €119,990 | €119,990 | = | 0.0% |
| Distributable reserves | 133 | €119,990 | €119,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,165 | -€36,319 | +€36,847 | +50.4% |
| Amounts payable | 17/49 | €432,688 | €446,325 | +€13,637 | +3.2% |
| Amounts payable after more than one year | 17 | €223,049 | €196,995 | -€26,053 | -11.7% |
| Financial debts | 170/4 | €223,049 | €196,995 | -€26,053 | -11.7% |
| Amounts payable within one year | 42/48 | €209,389 | €249,329 | +€39,940 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €25,422 | €41,401 | +€15,979 | +62.9% |
| Trade debts | 44 | €101,183 | €139,157 | +€37,974 | +37.5% |
| Suppliers | 440/4 | €101,183 | €139,157 | +€37,974 | +37.5% |
| Taxes, remuneration and social security | 45 | €44,721 | €56,107 | +€11,386 | +25.5% |
| Taxes | 450/3 | €25,874 | €25,080 | -€793 | -3.1% |
| Remuneration and social security | 454/9 | €18,847 | €31,027 | +€12,179 | +64.6% |
| Other amounts payable | 47/48 | €38,064 | €12,665 | -€25,399 | -66.7% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | €12,405 | - | -€12,405 | |
| Remuneration, social security and pensions | 62 | €236,753 | €279,695 | +€42,942 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,464 | €47,331 | +€867 | +1.9% |
| Other operating charges | 640/8 | €2,289 | €2,028 | -€262 | -11.4% |
| Non-recurring operating charges | 66A | €7,032 | - | -€7,032 | |
| Gross operating margin | 9900 | €333,794 | €375,362 | +€41,568 | +12.5% |
| Operating profit (loss) | 9901 | €41,256 | €46,309 | +€5,053 | +12.2% |
| Financial income | 75/76B | €239 | €303 | +€64 | +26.6% |
| Recurring financial income | 75 | €239 | €303 | +€64 | +26.6% |
| Financial charges | 65/66B | €6,953 | €6,890 | -€64 | -0.9% |
| Recurring financial charges | 65 | €6,953 | €6,890 | -€64 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €34,542 | €39,722 | +€5,180 | +15.0% |
| Income taxes | 67/77 | €1,130 | €2,876 | +€1,746 | +154.5% |
| Profit (loss) for the period | 9904 | €33,412 | €36,847 | +€3,435 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,412 | €36,847 | +€3,435 | +10.3% |
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 8 October 2026 via checked.be.