KEYSOURCE: 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.
KEYSOURCE
Largest movements
- Cash +€13,581
up €13,581 (+15.5%), from €87,658 to €101,238
mainly Trade debts (+€26,031) and Depreciation (+€12,988)
- Intangible fixed assets -€7,924
down €7,924 (-33.9%), from €23,389 to €15,465
- Receivables within one year +€5,276
up €5,276 (+6.8%), from €77,744 to €83,021
of which Trade receivables: +€15,394
- Tangible fixed assets -€5,064
down €5,064 (-25.8%), from €19,645 to €14,581
of which Furniture and vehicles: -€3,867
- Deferred charges and accrued income +€3,501
up €3,501 (+21.3%), from €16,464 to €19,965
- Trade debts +€26,031
up €26,031 (+31.1%), from €83,571 to €109,603
- Other debts -€18,671
down €18,671 (-93.9%), from €19,873 to €1,203
- Staff costs +€31,069
up €31,069 (+12.7%), from €243,708 to €274,777
- Gross operating margin +€22,557
up €22,557 (+8.0%), from €282,443 to €305,000
- Taxes -€8,210
down €8,210 (-60.9%), from €13,479 to €5,268
- Financial income -€3,716
down €3,716 (-69.4%), from €5,357 to €1,641
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 | €313,691 | €323,061 | +€9,370 | +3.0% |
| Fixed assets | 21/28 | €103,271 | €90,283 | -€12,988 | -12.6% |
| Intangible fixed assets | 21 | €23,389 | €15,465 | -€7,924 | -33.9% |
| Tangible fixed assets | 22/27 | €19,645 | €14,581 | -€5,064 | -25.8% |
| Furniture and vehicles | 24 | €16,293 | €12,425 | -€3,867 | -23.7% |
| Other tangible fixed assets | 26 | €3,352 | €2,156 | -€1,196 | -35.7% |
| Financial fixed assets | 28 | €60,237 | €60,237 | = | 0.0% |
| Current assets | 29/58 | €210,420 | €232,778 | +€22,358 | +10.6% |
| Amounts receivable after more than one year | 29 | €28,554 | €28,554 | = | 0.0% |
| Other amounts receivable | 291 | €28,554 | €28,554 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,744 | €83,021 | +€5,276 | +6.8% |
| Trade receivables | 40 | €67,626 | €83,021 | +€15,394 | +22.8% |
| Other amounts receivable | 41 | €10,118 | - | -€10,118 | |
| Cash at bank and in hand | 54/58 | €87,658 | €101,238 | +€13,581 | +15.5% |
| Deferred charges and accrued income | 490/1 | €16,464 | €19,965 | +€3,501 | +21.3% |
| Total equity and liabilities | 10/49 | €313,691 | €323,061 | +€9,370 | +3.0% |
| Equity | 10/15 | €131,401 | €132,806 | +€1,405 | +1.1% |
| Contributions | 10/11 | €25,042 | €25,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,359 | €107,764 | +€1,405 | +1.3% |
| Amounts payable | 17/49 | €182,291 | €190,256 | +€7,965 | +4.4% |
| Amounts payable within one year | 42/48 | €182,291 | €190,256 | +€7,965 | +4.4% |
| Trade debts | 44 | €83,571 | €109,603 | +€26,031 | +31.1% |
| Suppliers | 440/4 | €83,571 | €109,603 | +€26,031 | +31.1% |
| Taxes, remuneration and social security | 45 | €78,846 | €79,451 | +€605 | +0.8% |
| Taxes | 450/3 | €13,480 | €16,458 | +€2,978 | +22.1% |
| Remuneration and social security | 454/9 | €65,366 | €62,992 | -€2,374 | -3.6% |
| Other amounts payable | 47/48 | €19,873 | €1,203 | -€18,671 | -93.9% |
| Remuneration, social security and pensions | 62 | €243,708 | €274,777 | +€31,069 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,773 | €12,988 | +€215 | +1.7% |
| Other operating charges | 640/8 | €1,936 | €1,973 | +€37 | +1.9% |
| Gross operating margin | 9900 | €282,443 | €305,000 | +€22,557 | +8.0% |
| Operating profit (loss) | 9901 | €24,026 | €15,261 | -€8,764 | -36.5% |
| Financial income | 75/76B | €5,357 | €1,641 | -€3,716 | -69.4% |
| Recurring financial income | 75 | €5,357 | €1,641 | -€3,716 | -69.4% |
| Financial charges | 65/66B | €8,324 | €6,251 | -€2,073 | -24.9% |
| Recurring financial charges | 65 | €8,324 | €6,251 | -€2,073 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €21,059 | €10,651 | -€10,407 | -49.4% |
| Transfer to deferred taxes | 680 | - | €2,260 | +€2,260 | |
| Income taxes | 67/77 | €13,479 | €5,268 | -€8,210 | -60.9% |
| Profit (loss) for the period | 9904 | €7,580 | €3,123 | -€4,457 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,580 | €3,123 | -€4,457 | -58.8% |
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 26 October 2026 via checked.be.