JULY: 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.
JULY
Largest movements
- Receivables within one year -€60,488
down €60,488 (-42.3%), from €142,860 to €82,371
of which Other amounts receivable: -€67,458
- Cash +€45,522
up €45,522 (+319.1%), from €14,265 to €59,786
mainly Receivables within one year (+€60,488) and Net result for the year (+€3,375)
- Tangible fixed assets +€7,968
up €7,968 (+127.8%), from €6,233 to €14,201
of which Furniture and vehicles: +€10,258
- Other debts -€11,328
down €11,328 (-26.7%), from €42,352 to €31,024
- Profit (loss) carried forward +€3,375
up €3,375 (+3.6%), from €92,968 to €96,343
- Gross operating margin -€4,128
down €4,128 (-28.4%), from €14,558 to €10,430
- Depreciation -€3,072
down €3,072 (-54.8%), from €5,604 to €2,532
- Other operating charges +€718
up €718 (+31.9%), from €2,254 to €2,972
- Taxes -€672
down €672 (-35.4%), from €1,900 to €1,228
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 | €164,548 | €156,358 | -€8,190 | -5.0% |
| Fixed assets | 21/28 | €6,233 | €14,201 | +€7,968 | +127.8% |
| Tangible fixed assets | 22/27 | €6,233 | €14,201 | +€7,968 | +127.8% |
| Plant, machinery and equipment | 23 | €6,233 | €3,943 | -€2,290 | -36.7% |
| Furniture and vehicles | 24 | - | €10,258 | +€10,258 | |
| Current assets | 29/58 | €158,315 | €142,157 | -€16,158 | -10.2% |
| Amounts receivable within one year | 40/41 | €142,860 | €82,371 | -€60,488 | -42.3% |
| Trade receivables | 40 | €67,767 | €74,736 | +€6,970 | +10.3% |
| Other amounts receivable | 41 | €75,093 | €7,635 | -€67,458 | -89.8% |
| Cash at bank and in hand | 54/58 | €14,265 | €59,786 | +€45,522 | +319.1% |
| Deferred charges and accrued income | 490/1 | €1,191 | - | -€1,191 | |
| Total equity and liabilities | 10/49 | €164,548 | €156,358 | -€8,190 | -5.0% |
| Equity | 10/15 | €113,428 | €116,803 | +€3,375 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,968 | €96,343 | +€3,375 | +3.6% |
| Amounts payable | 17/49 | €51,120 | €39,556 | -€11,564 | -22.6% |
| Amounts payable within one year | 42/48 | €51,120 | €39,556 | -€11,564 | -22.6% |
| Trade debts | 44 | €6,870 | €7,154 | +€284 | +4.1% |
| Suppliers | 440/4 | €6,870 | €7,154 | +€284 | +4.1% |
| Advances received on contracts in progress | 46 | €150 | €150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,749 | €1,228 | -€520 | -29.7% |
| Taxes | 450/3 | €1,749 | €1,228 | -€520 | -29.7% |
| Other amounts payable | 47/48 | €42,352 | €31,024 | -€11,328 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,604 | €2,532 | -€3,072 | -54.8% |
| Other operating charges | 640/8 | €2,254 | €2,972 | +€718 | +31.9% |
| Gross operating margin | 9900 | €14,558 | €10,430 | -€4,128 | -28.4% |
| Operating profit (loss) | 9901 | €6,700 | €4,926 | -€1,774 | -26.5% |
| Financial income | 75/76B | €8 | €0 | -€7 | -96.4% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -96.4% |
| Financial charges | 65/66B | €291 | €323 | +€32 | +11.0% |
| Recurring financial charges | 65 | €291 | €323 | +€32 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €6,417 | €4,603 | -€1,814 | -28.3% |
| Income taxes | 67/77 | €1,900 | €1,228 | -€672 | -35.4% |
| Profit (loss) for the period | 9904 | €4,517 | €3,375 | -€1,142 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,517 | €3,375 | -€1,142 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.