L'ESSENTIEL: 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.
L'ESSENTIEL
Largest movements
- Cash +€26,037
up €26,037 (+41.1%), from €63,396 to €89,433
mainly Receivables within one year (+€23,062) and Depreciation (+€9,400)
- Receivables within one year -€23,062
down €23,062 (-62.0%), from €37,215 to €14,153
of which Other amounts receivable: -€20,140
- Stocks and contracts +€7,720
up €7,720 (+20.0%), from €38,570 to €46,290
- Tangible fixed assets -€5,171
down €5,171 (-18.6%), from €27,806 to €22,635
of which Furniture and vehicles: -€4,058
- Trade debts +€6,115
up €6,115 (+2,829%), from €216 to €6,332
- Tax, wage and social debts -€2,765
down €2,765 (-87.9%), from €3,145 to €379
of which Taxes: -€2,015
- Reserves +€2,085
up €2,085 (+2.2%), from €96,143 to €98,228
of which Distributable reserves: +€2,085
- Gross operating margin -€40,107
down €40,107 (-73.5%), from €54,538 to €14,431
- Taxes -€10,730
down €10,730 (-84.2%), from €12,745 to €2,015
- Financial income +€671
up €671 (+250%), from €269 to €940
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 | €168,487 | €173,927 | +€5,441 | +3.2% |
| Fixed assets | 21/28 | €27,965 | €22,794 | -€5,171 | -18.5% |
| Tangible fixed assets | 22/27 | €27,806 | €22,635 | -€5,171 | -18.6% |
| Plant, machinery and equipment | 23 | €1,812 | €4,530 | +€2,718 | +150% |
| Furniture and vehicles | 24 | €12,436 | €8,378 | -€4,058 | -32.6% |
| Other tangible fixed assets | 26 | €13,558 | €9,727 | -€3,832 | -28.3% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €140,521 | €151,133 | +€10,611 | +7.6% |
| Stocks and contracts in progress | 3 | €38,570 | €46,290 | +€7,720 | +20.0% |
| Stocks | 30/36 | €38,570 | €46,290 | +€7,720 | +20.0% |
| Amounts receivable within one year | 40/41 | €37,215 | €14,153 | -€23,062 | -62.0% |
| Trade receivables | 40 | €2,922 | €0 | -€2,922 | -100% |
| Other amounts receivable | 41 | €34,293 | €14,153 | -€20,140 | -58.7% |
| Cash at bank and in hand | 54/58 | €63,396 | €89,433 | +€26,037 | +41.1% |
| Deferred charges and accrued income | 490/1 | €1,340 | €1,257 | -€83 | -6.2% |
| Total equity and liabilities | 10/49 | €168,487 | €173,927 | +€5,441 | +3.2% |
| Equity | 10/15 | €164,037 | €166,122 | +€2,085 | +1.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €96,143 | €98,228 | +€2,085 | +2.2% |
| Non-distributable reserves | 130/1 | €17,859 | €17,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,859 | €17,859 | = | 0.0% |
| Distributable reserves | 133 | €78,284 | €80,369 | +€2,085 | +2.7% |
| Profit (loss) carried forward | 14 | €61,697 | €61,697 | = | 0.0% |
| Amounts payable | 17/49 | €4,450 | €7,805 | +€3,355 | +75.4% |
| Amounts payable within one year | 42/48 | €4,450 | €7,805 | +€3,355 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €216 | €6,332 | +€6,115 | +2,829% |
| Suppliers | 440/4 | €216 | €6,332 | +€6,115 | +2,829% |
| Taxes, remuneration and social security | 45 | €3,145 | €379 | -€2,765 | -87.9% |
| Taxes | 450/3 | €2,395 | €379 | -€2,015 | -84.2% |
| Remuneration and social security | 454/9 | €750 | €0 | -€750 | -100% |
| Other amounts payable | 47/48 | €1,089 | €1,089 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €345 | €260 | -€85 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,374 | €9,400 | +€27 | +0.3% |
| Other operating charges | 640/8 | €1,087 | €1,072 | -€15 | -1.4% |
| Gross operating margin | 9900 | €54,538 | €14,431 | -€40,107 | -73.5% |
| Operating profit (loss) | 9901 | €43,733 | €3,699 | -€40,034 | -91.5% |
| Financial income | 75/76B | €269 | €940 | +€671 | +250% |
| Recurring financial income | 75 | €269 | €940 | +€671 | +250% |
| Financial charges | 65/66B | €538 | €539 | +€1 | +0.1% |
| Recurring financial charges | 65 | €538 | €539 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €43,463 | €4,100 | -€39,364 | -90.6% |
| Income taxes | 67/77 | €12,745 | €2,015 | -€10,730 | -84.2% |
| Profit (loss) for the period | 9904 | €30,719 | €2,085 | -€28,633 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,719 | €2,085 | -€28,633 | -93.2% |
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 25 October 2026 via checked.be.