JUNE BUSINESS: 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 BUSINESS
Largest movements
- Receivables within one year -€16,727
down €16,727 (-87.2%), from €19,189 to €2,462
of which Trade receivables: -€11,389
- Cash +€13,734
up €13,734 (+32.9%), from €41,772 to €55,506
mainly Net result for the year (+€57,715) and Other debts (+€26,963)
- Debts after one year -€43,653
down €43,653 (-47.1%), from €92,589 to €48,936
- Other debts +€26,963
up €26,963 (+77.1%), from €34,993 to €61,955
- Reserves +€9,700
up €9,700 (+6.9%), from €140,000 to €149,700
- Gross operating margin +€25,024
up €25,024 (+25.4%), from €98,375 to €123,399
- Financial charges +€13,534
up €13,534 (+33.9%), from €39,971 to €53,505
- Taxes +€3,746
up €3,746 (+49.3%), from €7,598 to €11,344
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.
Derived cash bridge
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 | €335,877 | €332,329 | -€3,549 | -1.1% |
| Fixed assets | 21/28 | €274,916 | €274,360 | -€556 | -0.2% |
| Tangible fixed assets | 22/27 | €1,957 | €1,401 | -€556 | -28.4% |
| Furniture and vehicles | 24 | €1,957 | €1,401 | -€556 | -28.4% |
| Financial fixed assets | 28 | €272,959 | €272,959 | = | 0.0% |
| Current assets | 29/58 | €60,961 | €57,968 | -€2,993 | -4.9% |
| Amounts receivable within one year | 40/41 | €19,189 | €2,462 | -€16,727 | -87.2% |
| Trade receivables | 40 | €11,389 | - | -€11,389 | |
| Other amounts receivable | 41 | €7,800 | €2,462 | -€5,338 | -68.4% |
| Cash at bank and in hand | 54/58 | €41,772 | €55,506 | +€13,734 | +32.9% |
| Total equity and liabilities | 10/49 | €335,877 | €332,329 | -€3,549 | -1.1% |
| Equity | 10/15 | €152,070 | €164,785 | +€12,715 | +8.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €140,000 | €149,700 | +€9,700 | +6.9% |
| Distributable reserves | 133 | €140,000 | €149,700 | +€9,700 | +6.9% |
| Profit (loss) carried forward | 14 | -€2,930 | €85 | +€3,015 | |
| Amounts payable | 17/49 | €183,807 | €167,544 | -€16,263 | -8.8% |
| Amounts payable after more than one year | 17 | €92,589 | €48,936 | -€43,653 | -47.1% |
| Financial debts | 170/4 | €92,589 | €48,936 | -€43,653 | -47.1% |
| Amounts payable within one year | 42/48 | €91,218 | €118,607 | +€27,389 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €44,735 | €43,653 | -€1,082 | -2.4% |
| Financial debts | 43 | €2,055 | €2,045 | -€10 | -0.5% |
| Credit institutions | 430/8 | €2,055 | €2,045 | -€10 | -0.5% |
| Trade debts | 44 | €517 | €460 | -€57 | -11.1% |
| Suppliers | 440/4 | €517 | €460 | -€57 | -11.1% |
| Taxes, remuneration and social security | 45 | €8,919 | €10,495 | +€1,576 | +17.7% |
| Taxes | 450/3 | €8,919 | €10,495 | +€1,576 | +17.7% |
| Other amounts payable | 47/48 | €34,993 | €61,955 | +€26,963 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €556 | +€289 | +109% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €98,375 | €123,399 | +€25,024 | +25.4% |
| Operating profit (loss) | 9901 | €97,721 | €122,443 | +€24,722 | +25.3% |
| Financial income | 75/76B | - | €120 | +€120 | |
| Recurring financial income | 75 | - | €120 | +€120 | |
| Financial charges | 65/66B | €39,971 | €53,505 | +€13,534 | +33.9% |
| Recurring financial charges | 65 | €39,971 | €53,505 | +€13,534 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €57,750 | €69,058 | +€11,308 | +19.6% |
| Income taxes | 67/77 | €7,598 | €11,344 | +€3,746 | +49.3% |
| Profit (loss) for the period | 9904 | €50,152 | €57,715 | +€7,563 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,152 | €57,715 | +€7,563 | +15.1% |
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 29 October 2026 via checked.be.