L'AS: what changed
Two fiscal 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.
L'AS
Largest movements
- Tangible fixed assets -€13,175
down €13,175 (-26.6%), from €49,610 to €36,435
- Receivables within one year -€9,837
down €9,837 (-50.0%), from €19,679 to €9,842
of which Trade receivables: -€11,110
- Cash -€6,101
down €6,101 (-67.7%), from €9,015 to €2,914
mainly Net result for the year (-€10,871) and Debts after one year (-€10,681)
- Profit (loss) carried forward -€10,870
down €10,870, from €3,639 to -€7,231
- Debts after one year -€10,681
down €10,681 (-35.8%), from €29,840 to €19,159
- Tax, wage and social debts -€5,432
down €5,432 (-72.3%), from €7,510 to €2,078
of which Taxes: -€3,732
- Trade debts -€1,951
down €1,951 (-65.3%), from €2,986 to €1,035
- Current portion of long-term debt -€1,016
down €1,016 (-8.7%), from €11,697 to €10,681
- Gross operating margin -€27,586
down €27,586 (-82.4%), from €33,481 to €5,895
- Depreciation +€9,930
up €9,930 (+306.0%), from €3,245 to €13,175
- Taxes -€5,646
down €5,646 (-97.3%), from €5,801 to €155
- Financial charges +€531
up €531 (+34.9%), from €1,521 to €2,052
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 | €79,282 | €49,422 | -€29,860 | -37.7% |
| Fixed assets | 21/28 | €49,653 | €36,478 | -€13,175 | -26.5% |
| Tangible fixed assets | 22/27 | €49,610 | €36,435 | -€13,175 | -26.6% |
| Furniture and vehicles | 24 | €49,610 | €36,435 | -€13,175 | -26.6% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €29,629 | €12,944 | -€16,685 | -56.3% |
| Amounts receivable within one year | 40/41 | €19,679 | €9,842 | -€9,837 | -50.0% |
| Trade receivables | 40 | €11,340 | €230 | -€11,110 | -98.0% |
| Other amounts receivable | 41 | €8,339 | €9,612 | +€1,273 | +15.3% |
| Cash at bank and in hand | 54/58 | €9,015 | €2,914 | -€6,101 | -67.7% |
| Deferred charges and accrued income | 490/1 | €935 | €188 | -€747 | -79.9% |
| Total equity and liabilities | 10/49 | €79,282 | €49,422 | -€29,860 | -37.7% |
| Equity | 10/15 | €26,749 | €15,879 | -€10,870 | -40.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,110 | €18,110 | = | 0.0% |
| Distributable reserves | 133 | €18,110 | €18,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,639 | -€7,231 | -€10,870 | |
| Amounts payable | 17/49 | €52,533 | €33,543 | -€18,990 | -36.1% |
| Amounts payable after more than one year | 17 | €29,840 | €19,159 | -€10,681 | -35.8% |
| Financial debts | 170/4 | €29,840 | €19,159 | -€10,681 | -35.8% |
| Amounts payable within one year | 42/48 | €22,193 | €13,794 | -€8,399 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €11,697 | €10,681 | -€1,016 | -8.7% |
| Trade debts | 44 | €2,986 | €1,035 | -€1,951 | -65.3% |
| Suppliers | 440/4 | €2,986 | €1,035 | -€1,951 | -65.3% |
| Taxes, remuneration and social security | 45 | €7,510 | €2,078 | -€5,432 | -72.3% |
| Taxes | 450/3 | €5,810 | €2,078 | -€3,732 | -64.2% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Accrued charges and deferred income | 492/3 | €500 | €590 | +€90 | +18.0% |
| Non-recurring operating income | 76A | €3,245 | - | -€3,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,245 | €13,175 | +€9,930 | +306.0% |
| Other operating charges | 640/8 | €1,505 | €1,437 | -€68 | -4.5% |
| Non-recurring operating charges | 66A | €7,845 | - | -€7,845 | |
| Gross operating margin | 9900 | €33,481 | €5,895 | -€27,586 | -82.4% |
| Operating profit (loss) | 9901 | €20,886 | -€8,717 | -€29,603 | |
| Financial income | 75/76B | €2 | €53 | +€51 | +2550.0% |
| Recurring financial income | 75 | €2 | €53 | +€51 | +2550.0% |
| Financial charges | 65/66B | €1,521 | €2,052 | +€531 | +34.9% |
| Recurring financial charges | 65 | €1,521 | €2,052 | +€531 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €19,367 | -€10,716 | -€30,083 | |
| Income taxes | 67/77 | €5,801 | €155 | -€5,646 | -97.3% |
| Profit (loss) for the period | 9904 | €13,566 | -€10,871 | -€24,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,566 | -€10,871 | -€24,437 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.