June: 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.
June
Largest movements
- Tangible fixed assets -€13,422
down €13,422 (-23.3%), from €57,483 to €44,061
- Cash -€11,185
down €11,185 (-60.5%), from €18,499 to €7,314
mainly Debts after one year (-€12,885) and Net result for the year (-€12,253)
- Intangible fixed assets -€5,000
down €5,000 (-24.8%), from €20,151 to €15,151
- Deferred charges and accrued income +€2,348
up €2,348 (+767.1%), from €306 to €2,654
- Debts after one year -€12,885
down €12,885 (-30.0%), from €42,975 to €30,090
- Profit (loss) carried forward -€12,253
down €12,253 (-1771.0%), from -€692 to -€12,945
- Other debts -€4,592
down €4,592 (-18.4%), from €25,003 to €20,411
- Gross operating margin -€12,421
down €12,421 (-54.9%), from €22,632 to €10,211
- Financial charges -€917
down €917 (-26.0%), from €3,521 to €2,604
- Depreciation +€261
up €261 (+1.4%), from €19,178 to €19,439
- Staff costs -€247
down €247 (-100.0%), from €247 to €0
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 | €106,610 | €78,673 | -€27,937 | -26.2% |
| Fixed assets | 21/28 | €80,454 | €62,032 | -€18,422 | -22.9% |
| Intangible fixed assets | 21 | €20,151 | €15,151 | -€5,000 | -24.8% |
| Tangible fixed assets | 22/27 | €57,483 | €44,061 | -€13,422 | -23.3% |
| Plant, machinery and equipment | 23 | €57,483 | €44,061 | -€13,422 | -23.3% |
| Financial fixed assets | 28 | €2,820 | €2,820 | = | 0.0% |
| Current assets | 29/58 | €26,156 | €16,641 | -€9,515 | -36.4% |
| Stocks and contracts in progress | 3 | €5,964 | €5,964 | = | 0.0% |
| Stocks | 30/36 | €5,964 | €5,964 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,387 | €709 | -€678 | -48.9% |
| Trade receivables | 40 | €974 | €340 | -€634 | -65.1% |
| Other amounts receivable | 41 | €413 | €369 | -€44 | -10.7% |
| Cash at bank and in hand | 54/58 | €18,499 | €7,314 | -€11,185 | -60.5% |
| Deferred charges and accrued income | 490/1 | €306 | €2,654 | +€2,348 | +767.1% |
| Total equity and liabilities | 10/49 | €106,610 | €78,673 | -€27,937 | -26.2% |
| Equity | 10/15 | €24,308 | €12,055 | -€12,253 | -50.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€692 | -€12,945 | -€12,253 | -1771.0% |
| Amounts payable | 17/49 | €82,301 | €66,618 | -€15,684 | -19.1% |
| Amounts payable after more than one year | 17 | €42,975 | €30,090 | -€12,885 | -30.0% |
| Financial debts | 170/4 | €42,975 | €30,090 | -€12,885 | -30.0% |
| Amounts payable within one year | 42/48 | €39,327 | €35,911 | -€3,416 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €12,411 | €12,885 | +€474 | +3.8% |
| Trade debts | 44 | €188 | €1,041 | +€853 | +452.7% |
| Suppliers | 440/4 | €188 | €1,041 | +€853 | +452.7% |
| Taxes, remuneration and social security | 45 | €1,725 | €1,574 | -€151 | -8.8% |
| Taxes | 450/3 | €1,725 | €1,574 | -€151 | -8.8% |
| Other amounts payable | 47/48 | €25,003 | €20,411 | -€4,592 | -18.4% |
| Accrued charges and deferred income | 492/3 | - | €617 | +€617 | |
| Remuneration, social security and pensions | 62 | €247 | €0 | -€247 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,178 | €19,439 | +€261 | +1.4% |
| Other operating charges | 640/8 | €378 | €429 | +€51 | +13.6% |
| Gross operating margin | 9900 | €22,632 | €10,211 | -€12,421 | -54.9% |
| Operating profit (loss) | 9901 | €2,829 | -€9,657 | -€12,487 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €3,521 | €2,604 | -€917 | -26.0% |
| Recurring financial charges | 65 | €3,521 | €2,604 | -€917 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€692 | -€12,253 | -€11,561 | -1671.0% |
| Profit (loss) for the period | 9904 | -€692 | -€12,253 | -€11,561 | -1671.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€692 | -€12,253 | -€11,561 | -1671.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.