LA DIFFERENCE: 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.
LA DIFFERENCE
Largest movements
- Cash +€30,333
up €30,333 (+221.5%), from €13,697 to €44,030
mainly Tax, wage and social debts (+€28,193) and Trade debts (+€19,749)
- Financial fixed assets +€4,961
new in 2025: €4,961
- Deferred charges and accrued income +€4,567
up €4,567 (+188.7%), from €2,420 to €6,987
- Tangible fixed assets -€3,953
down €3,953 (-32.5%), from €12,158 to €8,204
of which Leasing and similar rights: -€2,996
- Stocks and contracts +€2,590
up €2,590 (+19.5%), from €13,295 to €15,885
- Tax, wage and social debts +€28,193
up €28,193 (+73.9%), from €38,159 to €66,352
of which Taxes: +€15,084
- Trade debts +€19,749
up €19,749 (+53.6%), from €36,871 to €56,620
- Short-term financial debts -€6,115
down €6,115 (-97.2%), from €6,293 to €178
of which Credit institutions: -€6,227
- Debts after one year -€2,974
down €2,974 (-83.2%), from €3,573 to €599
- Profit (loss) carried forward +€1,004
up €1,004 (+1.4%), from -€70,430 to -€69,427
- Gross operating margin +€76,132
up €76,132 (+56.6%), from €134,554 to €210,686
- Staff costs +€55,172
up €55,172 (+40.5%), from €136,188 to €191,360
- Financial charges +€4,749
up €4,749 (+63.5%), from €7,477 to €12,226
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 | €56,970 | €96,877 | +€39,907 | +70.0% |
| Fixed assets | 21/28 | €12,158 | €13,165 | +€1,008 | +8.3% |
| Tangible fixed assets | 22/27 | €12,158 | €8,204 | -€3,953 | -32.5% |
| Plant, machinery and equipment | 23 | €6,067 | €5,110 | -€957 | -15.8% |
| Leasing and similar rights | 25 | €6,090 | €3,094 | -€2,996 | -49.2% |
| Financial fixed assets | 28 | - | €4,961 | +€4,961 | |
| Current assets | 29/58 | €44,813 | €83,712 | +€38,899 | +86.8% |
| Stocks and contracts in progress | 3 | €13,295 | €15,885 | +€2,590 | +19.5% |
| Stocks | 30/36 | €13,295 | €15,885 | +€2,590 | +19.5% |
| Amounts receivable within one year | 40/41 | €11,141 | €11,303 | +€162 | +1.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,141 | €11,303 | +€162 | +1.5% |
| Current investments | 50/53 | €4,261 | €5,507 | +€1,246 | +29.2% |
| Cash at bank and in hand | 54/58 | €13,697 | €44,030 | +€30,333 | +221.5% |
| Deferred charges and accrued income | 490/1 | €2,420 | €6,987 | +€4,567 | +188.7% |
| Total equity and liabilities | 10/49 | €56,970 | €96,877 | +€39,907 | +70.0% |
| Equity | 10/15 | -€30,849 | -€29,846 | +€1,004 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,381 | €33,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,381 | €33,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,430 | -€69,427 | +€1,004 | +1.4% |
| Amounts payable | 17/49 | €87,820 | €126,723 | +€38,903 | +44.3% |
| Amounts payable after more than one year | 17 | €3,573 | €599 | -€2,974 | -83.2% |
| Financial debts | 170/4 | €3,573 | €599 | -€2,974 | -83.2% |
| Amounts payable within one year | 42/48 | €84,246 | €126,123 | +€41,877 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €2,924 | €2,974 | +€50 | +1.7% |
| Financial debts | 43 | €6,293 | €178 | -€6,115 | -97.2% |
| Credit institutions | 430/8 | €6,227 | €0 | -€6,227 | -100.0% |
| Other loans | 439 | €65 | €178 | +€113 | +172.0% |
| Trade debts | 44 | €36,871 | €56,620 | +€19,749 | +53.6% |
| Suppliers | 440/4 | €36,871 | €56,620 | +€19,749 | +53.6% |
| Taxes, remuneration and social security | 45 | €38,159 | €66,352 | +€28,193 | +73.9% |
| Taxes | 450/3 | €14,389 | €29,474 | +€15,084 | +104.8% |
| Remuneration and social security | 454/9 | €23,770 | €36,878 | +€13,108 | +55.1% |
| Remuneration, social security and pensions | 62 | €136,188 | €191,360 | +€55,172 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,702 | €3,953 | +€251 | +6.8% |
| Other operating charges | 640/8 | €1,248 | €2,227 | +€979 | +78.4% |
| Gross operating margin | 9900 | €134,554 | €210,686 | +€76,132 | +56.6% |
| Operating profit (loss) | 9901 | -€6,584 | €13,145 | +€19,730 | |
| Financial income | 75/76B | €38 | €84 | +€47 | +124.4% |
| Recurring financial income | 75 | €38 | €84 | +€47 | +124.4% |
| Financial charges | 65/66B | €7,477 | €12,226 | +€4,749 | +63.5% |
| Recurring financial charges | 65 | €7,477 | €12,226 | +€4,749 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,024 | €1,004 | +€15,027 | |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€14,025 | €1,004 | +€15,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,025 | €1,004 | +€15,029 |
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 8 October 2026 via checked.be.