KEEP IN MIND: 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.
KEEP IN MIND
Largest movements
- Receivables within one year +€17,348
up €17,348 (+33.6%), from €51,577 to €68,925
of which Other amounts receivable: +€10,317
- Tangible fixed assets +€4,417
up €4,417 (+9.3%), from €47,753 to €52,170
- Cash -€4,114
down €4,114 (-9.6%), from €42,979 to €38,866
mainly Investment in fixed assets (net) (-€19,415) and Receivables within one year (-€17,348)
- Reserves +€23,973
up €23,973 (+30.5%), from €78,717 to €102,690
- Debts after one year -€9,995
down €9,995 (-49.0%), from €20,398 to €10,403
- Profit (loss) carried forward +€6,235
up €6,235 (+55.5%), from -€11,235 to -€5,000
- Tax, wage and social debts -€4,117
down €4,117 (-14.6%), from €28,149 to €24,032
of which Taxes: -€5,617
- Trade debts +€3,991
up €3,991 (+192.4%), from €2,074 to €6,064
- Gross operating margin -€38,198
down €38,198 (-38.0%), from €100,608 to €62,410
- Taxes -€11,107
down €11,107 (-47.9%), from €23,187 to €12,080
- Depreciation +€8,533
up €8,533 (+132.0%), from €6,465 to €14,998
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 | €145,799 | €162,845 | +€17,046 | +11.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €47,753 | €52,170 | +€4,417 | +9.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €47,753 | €52,170 | +€4,417 | +9.3% |
| Furniture and vehicles | 24 | €47,753 | €52,170 | +€4,417 | +9.3% |
| Current assets | 29/58 | €98,046 | €110,675 | +€12,629 | +12.9% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €51,577 | €68,925 | +€17,348 | +33.6% |
| Trade receivables | 40 | €51,577 | €58,608 | +€7,031 | +13.6% |
| Other amounts receivable | 41 | €0 | €10,317 | +€10,317 | |
| Cash at bank and in hand | 54/58 | €42,979 | €38,866 | -€4,114 | -9.6% |
| Deferred charges and accrued income | 490/1 | €3,489 | €2,884 | -€606 | -17.4% |
| Total equity and liabilities | 10/49 | €145,799 | €162,845 | +€17,046 | +11.7% |
| Equity | 10/15 | €73,682 | €103,890 | +€30,208 | +41.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,717 | €102,690 | +€23,973 | +30.5% |
| Distributable reserves | 133 | €78,717 | €102,690 | +€23,973 | +30.5% |
| Profit (loss) carried forward | 14 | -€11,235 | -€5,000 | +€6,235 | +55.5% |
| Amounts payable | 17/49 | €72,118 | €58,955 | -€13,162 | -18.3% |
| Amounts payable after more than one year | 17 | €20,398 | €10,403 | -€9,995 | -49.0% |
| Financial debts | 170/4 | €20,398 | €10,403 | -€9,995 | -49.0% |
| Amounts payable within one year | 42/48 | €50,998 | €47,823 | -€3,175 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €9,602 | €9,995 | +€393 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,074 | €6,064 | +€3,991 | +192.4% |
| Suppliers | 440/4 | €2,074 | €6,064 | +€3,991 | +192.4% |
| Taxes, remuneration and social security | 45 | €28,149 | €24,032 | -€4,117 | -14.6% |
| Taxes | 450/3 | €26,149 | €20,532 | -€5,617 | -21.5% |
| Remuneration and social security | 454/9 | €2,000 | €3,500 | +€1,500 | +75.0% |
| Other amounts payable | 47/48 | €11,173 | €7,731 | -€3,441 | -30.8% |
| Accrued charges and deferred income | 492/3 | €722 | €729 | +€7 | +1.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,465 | €14,998 | +€8,533 | +132.0% |
| Other operating charges | 640/8 | €1,715 | €1,150 | -€565 | -32.9% |
| Gross operating margin | 9900 | €100,608 | €62,410 | -€38,198 | -38.0% |
| Operating profit (loss) | 9901 | €92,428 | €46,262 | -€46,167 | -49.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €525 | €1,151 | +€626 | +119.2% |
| Recurring financial charges | 65 | €525 | €1,151 | +€626 | +119.2% |
| Profit (loss) for the period before taxes | 9903 | €91,903 | €45,111 | -€46,792 | -50.9% |
| Income taxes | 67/77 | €23,187 | €12,080 | -€11,107 | -47.9% |
| Profit (loss) for the period | 9904 | €68,717 | €33,031 | -€35,686 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,717 | €33,031 | -€35,686 | -51.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.