Key off live: 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.
Key off live
Largest movements
- Receivables within one year -€20,445
down €20,445 (-36.9%), from €55,351 to €34,907
of which Other amounts receivable: -€20,276
- Tangible fixed assets -€8,583
down €8,583 (-14.8%), from €57,955 to €49,371
of which Other tangible fixed assets: -€4,428
- Intangible fixed assets -€7,500
down €7,500 (-10.8%), from €69,375 to €61,875
- Other debts -€52,508
down €52,508 (-73.6%), from €71,357 to €18,849
- Reserves +€21,831
up €21,831 (+21.9%), from €99,684 to €121,515
- Short-term financial debts -€20,919
no longer reported in 2025 (was €20,919)
- Tax, wage and social debts +€12,876
up €12,876 (+95.8%), from €13,443 to €26,319
of which Taxes: +€12,766
- Gross operating margin -€15,339
down €15,339 (-9.4%), from €163,906 to €148,567
- Staff costs +€7,972
up €7,972 (+9.3%), from €85,807 to €93,778
- Depreciation +€4,898
up €4,898 (+43.8%), from €11,186 to €16,083
- Taxes -€4,611
down €4,611 (-32.9%), from €14,033 to €9,423
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 | €234,923 | €196,662 | -€38,261 | -16.3% |
| Fixed assets | 21/28 | €127,330 | €111,246 | -€16,083 | -12.6% |
| Intangible fixed assets | 21 | €69,375 | €61,875 | -€7,500 | -10.8% |
| Tangible fixed assets | 22/27 | €57,955 | €49,371 | -€8,583 | -14.8% |
| Plant, machinery and equipment | 23 | €2,523 | €1,941 | -€582 | -23.1% |
| Furniture and vehicles | 24 | €13,897 | €10,324 | -€3,573 | -25.7% |
| Other tangible fixed assets | 26 | €41,534 | €37,106 | -€4,428 | -10.7% |
| Current assets | 29/58 | €107,594 | €85,416 | -€22,177 | -20.6% |
| Stocks and contracts in progress | 3 | €6,797 | €5,310 | -€1,487 | -21.9% |
| Stocks | 30/36 | €6,797 | €5,310 | -€1,487 | -21.9% |
| Amounts receivable within one year | 40/41 | €55,351 | €34,907 | -€20,445 | -36.9% |
| Trade receivables | 40 | €8,970 | €8,801 | -€169 | -1.9% |
| Other amounts receivable | 41 | €46,381 | €26,105 | -€20,276 | -43.7% |
| Cash at bank and in hand | 54/58 | €44,954 | €44,738 | -€216 | -0.5% |
| Deferred charges and accrued income | 490/1 | €491 | €462 | -€29 | -5.9% |
| Total equity and liabilities | 10/49 | €234,923 | €196,662 | -€38,261 | -16.3% |
| Equity | 10/15 | €109,684 | €131,515 | +€21,831 | +19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €99,684 | €121,515 | +€21,831 | +21.9% |
| Distributable reserves | 133 | €99,684 | €121,515 | +€21,831 | +21.9% |
| Amounts payable | 17/49 | €125,239 | €65,147 | -€60,092 | -48.0% |
| Amounts payable within one year | 42/48 | €125,190 | €65,147 | -€60,042 | -48.0% |
| Financial debts | 43 | €20,919 | - | -€20,919 | |
| Credit institutions | 430/8 | €20,919 | - | -€20,919 | |
| Trade debts | 44 | €19,471 | €19,584 | +€114 | +0.6% |
| Suppliers | 440/4 | €19,471 | €19,584 | +€114 | +0.6% |
| Advances received on contracts in progress | 46 | - | €395 | +€395 | |
| Taxes, remuneration and social security | 45 | €13,443 | €26,319 | +€12,876 | +95.8% |
| Taxes | 450/3 | €2,007 | €14,773 | +€12,766 | +636% |
| Remuneration and social security | 454/9 | €11,435 | €11,545 | +€110 | +1.0% |
| Other amounts payable | 47/48 | €71,357 | €18,849 | -€52,508 | -73.6% |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Non-recurring operating income | 76A | €18,420 | - | -€18,420 | |
| Remuneration, social security and pensions | 62 | €85,807 | €93,778 | +€7,972 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,186 | €16,083 | +€4,898 | +43.8% |
| Other operating charges | 640/8 | €4,114 | €4,196 | +€82 | +2.0% |
| Non-recurring operating charges | 66A | €806 | - | -€806 | |
| Gross operating margin | 9900 | €163,906 | €148,567 | -€15,339 | -9.4% |
| Operating profit (loss) | 9901 | €61,993 | €34,509 | -€27,484 | -44.3% |
| Financial income | 75/76B | €1,250 | €55 | -€1,195 | -95.6% |
| Recurring financial income | 75 | €1,250 | €55 | -€1,195 | -95.6% |
| Financial charges | 65/66B | €3,925 | €3,311 | -€615 | -15.7% |
| Recurring financial charges | 65 | €3,925 | €3,311 | -€615 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €59,317 | €31,254 | -€28,064 | -47.3% |
| Income taxes | 67/77 | €14,033 | €9,423 | -€4,611 | -32.9% |
| Profit (loss) for the period | 9904 | €45,284 | €21,831 | -€23,453 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,284 | €21,831 | -€23,453 | -51.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.