LE NUMERO 1: 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 NUMERO 1
Largest movements
- Cash +€184,314
up €184,314 (+162%), from €113,723 to €298,037
mainly Depreciation (+€397,309) and Net result for the year (+€310,688)
- Tangible fixed assets +€155,412
up €155,412 (+14.9%), from €1.0m to €1.2m
of which Furniture and vehicles: +€110,805
- Receivables within one year -€54,338
down €54,338 (-10.2%), from €532,924 to €478,586
of which Trade receivables: -€34,619
- Stocks and contracts +€27,931
up €27,931 (+35.1%), from €79,527 to €107,458
- Profit (loss) carried forward +€310,688
up €310,688 (+457%), from €68,029 to €378,718
- Reserves -€100,000
down €100,000 (-25.1%), from €398,860 to €298,860
- Debts after one year -€98,820
down €98,820 (-19.9%), from €495,396 to €396,576
- Other debts +€85,000
up €85,000 (+94.5%), from €89,906 to €174,906
- Current portion of long-term debt +€50,518
up €50,518 (+27.9%), from €181,138 to €231,656
- Gross operating margin +€543,943
up €543,943 (+34.5%), from €1.6m to €2.1m
- Staff costs +€151,818
up €151,818 (+14.9%), from €1.0m to €1.2m
- Taxes +€76,738
up €76,738 (+346%), from €22,187 to €98,924
- Depreciation +€46,125
up €46,125 (+13.1%), from €351,184 to €397,309
- Other operating charges +€31,229
up €31,229 (+29.5%), from €106,028 to €137,257
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 | €1,875,576 | €2,184,251 | +€308,675 | +16.5% |
| Fixed assets | 21/28 | €1,043,645 | €1,199,462 | +€155,817 | +14.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,040,415 | €1,195,827 | +€155,412 | +14.9% |
| Land and buildings | 22 | €102,839 | €139,769 | +€36,930 | +35.9% |
| Plant, machinery and equipment | 23 | €44,852 | €55,531 | +€10,679 | +23.8% |
| Furniture and vehicles | 24 | €454,169 | €564,974 | +€110,805 | +24.4% |
| Leasing and similar rights | 25 | €438,554 | €435,552 | -€3,002 | -0.7% |
| Financial fixed assets | 28 | €3,230 | €3,635 | +€405 | +12.5% |
| Current assets | 29/58 | €831,931 | €984,789 | +€152,858 | +18.4% |
| Stocks and contracts in progress | 3 | €79,527 | €107,458 | +€27,931 | +35.1% |
| Stocks | 30/36 | €79,527 | €107,458 | +€27,931 | +35.1% |
| Amounts receivable within one year | 40/41 | €532,924 | €478,586 | -€54,338 | -10.2% |
| Trade receivables | 40 | €487,460 | €452,842 | -€34,619 | -7.1% |
| Other amounts receivable | 41 | €45,463 | €25,744 | -€19,719 | -43.4% |
| Cash at bank and in hand | 54/58 | €113,723 | €298,037 | +€184,314 | +162% |
| Deferred charges and accrued income | 490/1 | €105,758 | €100,708 | -€5,050 | -4.8% |
| Total equity and liabilities | 10/49 | €1,875,576 | €2,184,251 | +€308,675 | +16.5% |
| Equity | 10/15 | €605,488 | €816,176 | +€210,688 | +34.8% |
| Contributions | 10/11 | €138,599 | €138,599 | = | 0.0% |
| Reserves | 13 | €398,860 | €298,860 | -€100,000 | -25.1% |
| Distributable reserves | 133 | €398,860 | €298,860 | -€100,000 | -25.1% |
| Profit (loss) carried forward | 14 | €68,029 | €378,718 | +€310,688 | +457% |
| Amounts payable | 17/49 | €1,270,088 | €1,368,075 | +€97,987 | +7.7% |
| Amounts payable after more than one year | 17 | €495,396 | €396,576 | -€98,820 | -19.9% |
| Financial debts | 170/4 | €495,396 | €396,576 | -€98,820 | -19.9% |
| Amounts payable within one year | 42/48 | €774,693 | €971,499 | +€196,806 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €181,138 | €231,656 | +€50,518 | +27.9% |
| Trade debts | 44 | €391,669 | €414,718 | +€23,049 | +5.9% |
| Suppliers | 440/4 | €391,669 | €414,718 | +€23,049 | +5.9% |
| Taxes, remuneration and social security | 45 | €111,979 | €150,219 | +€38,240 | +34.1% |
| Taxes | 450/3 | €35,170 | €68,395 | +€33,225 | +94.5% |
| Remuneration and social security | 454/9 | €76,810 | €81,825 | +€5,015 | +6.5% |
| Other amounts payable | 47/48 | €89,906 | €174,906 | +€85,000 | +94.5% |
| Non-recurring operating income | 76A | €19,632 | €43,070 | +€23,438 | +119% |
| Remuneration, social security and pensions | 62 | €1,019,094 | €1,170,912 | +€151,818 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,184 | €397,309 | +€46,125 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€712 | -€712 | |
| Other operating charges | 640/8 | €106,028 | €137,257 | +€31,229 | +29.5% |
| Gross operating margin | 9900 | €1,578,619 | €2,122,563 | +€543,943 | +34.5% |
| Operating profit (loss) | 9901 | €102,314 | €417,797 | +€315,483 | +308% |
| Financial income | 75/76B | - | €20,811 | +€20,811 | |
| Recurring financial income | 75 | - | €20,811 | +€20,811 | |
| Financial charges | 65/66B | €11,757 | €28,995 | +€17,239 | +147% |
| Recurring financial charges | 65 | €8,926 | €21,208 | +€12,282 | +138% |
| Non-recurring financial charges | 66B | €2,830 | €7,787 | +€4,957 | +175% |
| Profit (loss) for the period before taxes | 9903 | €90,557 | €409,612 | +€319,055 | +352% |
| Income taxes | 67/77 | €22,187 | €98,924 | +€76,738 | +346% |
| Profit (loss) for the period | 9904 | €68,371 | €310,688 | +€242,318 | +354% |
| Profit (loss) for the period to be appropriated | 9905 | €68,371 | €310,688 | +€242,318 | +354% |
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.