LE 2020: 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.
LE 2020
Largest movements
- Cash +€30,269
up €30,269 (+267.9%), from €11,297 to €41,566
mainly Net result for the year (+€28,512) and Tax, wage and social debts (+€5,892)
- Receivables within one year +€8,422
up €8,422 (+408.2%), from €2,063 to €10,485
of which Trade receivables: +€8,761
- Stocks and contracts -€5,763
down €5,763 (-58.1%), from €9,915 to €4,152
- Tangible fixed assets -€2,817
down €2,817 (-13.1%), from €21,440 to €18,623
of which Other tangible fixed assets: -€2,733
- Reserves +€35,000
new in 2025: €35,000
- Other debts -€8,008
down €8,008 (-98.5%), from €8,131 to €123
- Profit (loss) carried forward -€6,488
down €6,488 (-84.1%), from €7,712 to €1,224
- Tax, wage and social debts +€5,892
up €5,892 (+54.9%), from €10,733 to €16,625
of which Taxes: +€3,978
- Trade debts +€3,135
up €3,135 (+18.6%), from €16,887 to €20,022
- Gross operating margin +€35,727
up €35,727 (+69.7%), from €51,279 to €87,006
- Staff costs +€16,782
up €16,782 (+54.1%), from €31,005 to €47,787
- Taxes +€2,300
new in 2025: €2,300
- Financial charges -€2,267
down €2,267 (-79.7%), from €2,845 to €578
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 | €53,567 | €82,994 | +€29,427 | +54.9% |
| Fixed assets | 21/28 | €26,690 | €23,873 | -€2,817 | -10.6% |
| Tangible fixed assets | 22/27 | €21,440 | €18,623 | -€2,817 | -13.1% |
| Furniture and vehicles | 24 | €3,703 | €3,619 | -€84 | -2.3% |
| Other tangible fixed assets | 26 | €17,737 | €15,004 | -€2,733 | -15.4% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €26,877 | €59,121 | +€32,244 | +120.0% |
| Stocks and contracts in progress | 3 | €9,915 | €4,152 | -€5,763 | -58.1% |
| Stocks | 30/36 | €9,915 | €4,152 | -€5,763 | -58.1% |
| Amounts receivable within one year | 40/41 | €2,063 | €10,485 | +€8,422 | +408.2% |
| Trade receivables | 40 | €178 | €8,939 | +€8,761 | +4921.9% |
| Other amounts receivable | 41 | €1,885 | €1,546 | -€339 | -18.0% |
| Cash at bank and in hand | 54/58 | €11,297 | €41,566 | +€30,269 | +267.9% |
| Deferred charges and accrued income | 490/1 | €3,602 | €2,918 | -€684 | -19.0% |
| Total equity and liabilities | 10/49 | €53,567 | €82,994 | +€29,427 | +54.9% |
| Equity | 10/15 | €17,712 | €46,224 | +€28,512 | +161.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €35,000 | +€35,000 | |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | €7,712 | €1,224 | -€6,488 | -84.1% |
| Amounts payable | 17/49 | €35,855 | €36,770 | +€915 | +2.6% |
| Amounts payable within one year | 42/48 | €35,751 | €36,770 | +€1,019 | +2.9% |
| Trade debts | 44 | €16,887 | €20,022 | +€3,135 | +18.6% |
| Suppliers | 440/4 | €16,887 | €20,022 | +€3,135 | +18.6% |
| Taxes, remuneration and social security | 45 | €10,733 | €16,625 | +€5,892 | +54.9% |
| Taxes | 450/3 | €5,118 | €9,096 | +€3,978 | +77.7% |
| Remuneration and social security | 454/9 | €5,615 | €7,529 | +€1,914 | +34.1% |
| Other amounts payable | 47/48 | €8,131 | €123 | -€8,008 | -98.5% |
| Accrued charges and deferred income | 492/3 | €104 | - | -€104 | |
| Remuneration, social security and pensions | 62 | €31,005 | €47,787 | +€16,782 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,267 | €5,722 | -€545 | -8.7% |
| Other operating charges | 640/8 | €2,185 | €2,109 | -€76 | -3.5% |
| Gross operating margin | 9900 | €51,279 | €87,006 | +€35,727 | +69.7% |
| Operating profit (loss) | 9901 | €11,822 | €31,388 | +€19,566 | +165.5% |
| Financial income | 75/76B | €2 | €2 | = | 0.0% |
| Recurring financial income | 75 | €2 | €2 | = | 0.0% |
| Financial charges | 65/66B | €2,845 | €578 | -€2,267 | -79.7% |
| Recurring financial charges | 65 | €2,845 | €578 | -€2,267 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €8,979 | €30,812 | +€21,833 | +243.2% |
| Income taxes | 67/77 | - | €2,300 | +€2,300 | |
| Profit (loss) for the period | 9904 | €8,979 | €28,512 | +€19,533 | +217.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,979 | €28,512 | +€19,533 | +217.5% |
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 12 October 2026 via checked.be.