LECTURA: 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.
LECTURA
Largest movements
- Cash +€15,920
up €15,920 (+39.8%), from €40,029 to €55,949
mainly Receivables within one year (+€6,102) and Stocks and contracts (+€3,967)
- Receivables within one year -€6,102
down €6,102 (-97.4%), from €6,265 to €163
of which Trade receivables: -€5,979
- Stocks and contracts -€3,967
down €3,967 (-24.0%), from €16,503 to €12,536
- Deferred charges and accrued income +€870
up €870 (+9.8%), from €8,835 to €9,705
- Profit (loss) carried forward +€3,353
up €3,353 (+33.8%), from -€9,928 to -€6,575
- Other debts +€2,521
up €2,521 (+6.4%), from €39,327 to €41,848
- Taxes +€7,094
new in 2025: €7,094
- Gross operating margin -€4,889
down €4,889 (-23.9%), from €20,438 to €15,549
- Financial charges -€1,212
down €1,212 (-25.3%), from €4,787 to €3,575
- Other operating charges +€313
up €313 (+29.1%), from €1,074 to €1,387
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 | €71,896 | €78,478 | +€6,582 | +9.2% |
| Fixed assets | 21/28 | €264 | €125 | -€139 | -52.7% |
| Tangible fixed assets | 22/27 | €139 | - | -€139 | |
| Furniture and vehicles | 24 | €139 | - | -€139 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €71,631 | €78,353 | +€6,722 | +9.4% |
| Stocks and contracts in progress | 3 | €16,503 | €12,536 | -€3,967 | -24.0% |
| Stocks | 30/36 | €16,503 | €12,536 | -€3,967 | -24.0% |
| Amounts receivable within one year | 40/41 | €6,265 | €163 | -€6,102 | -97.4% |
| Trade receivables | 40 | €5,979 | - | -€5,979 | |
| Other amounts receivable | 41 | €285 | €163 | -€123 | -43.0% |
| Cash at bank and in hand | 54/58 | €40,029 | €55,949 | +€15,920 | +39.8% |
| Deferred charges and accrued income | 490/1 | €8,835 | €9,705 | +€870 | +9.8% |
| Total equity and liabilities | 10/49 | €71,896 | €78,478 | +€6,582 | +9.2% |
| Equity | 10/15 | €10,532 | €13,885 | +€3,353 | +31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,928 | -€6,575 | +€3,353 | +33.8% |
| Amounts payable | 17/49 | €61,364 | €64,593 | +€3,229 | +5.3% |
| Amounts payable within one year | 42/48 | €61,364 | €64,593 | +€3,229 | +5.3% |
| Trade debts | 44 | €19,561 | €19,952 | +€391 | +2.0% |
| Suppliers | 440/4 | €19,561 | €19,952 | +€391 | +2.0% |
| Taxes, remuneration and social security | 45 | €2,476 | €2,793 | +€317 | +12.8% |
| Taxes | 450/3 | €1,226 | €1,543 | +€317 | +25.8% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €39,327 | €41,848 | +€2,521 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €139 | = | 0.0% |
| Other operating charges | 640/8 | €1,074 | €1,387 | +€313 | +29.1% |
| Gross operating margin | 9900 | €20,438 | €15,549 | -€4,889 | -23.9% |
| Operating profit (loss) | 9901 | €19,224 | €14,022 | -€5,202 | -27.1% |
| Financial charges | 65/66B | €4,787 | €3,575 | -€1,212 | -25.3% |
| Recurring financial charges | 65 | €4,787 | €3,575 | -€1,212 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €14,438 | €10,447 | -€3,990 | -27.6% |
| Income taxes | 67/77 | - | €7,094 | +€7,094 | |
| Profit (loss) for the period | 9904 | €14,438 | €3,353 | -€11,084 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,438 | €3,353 | -€11,084 | -76.8% |
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 13 October 2026 via checked.be.