Let's Code: 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.
Let's Code
Largest movements
- Cash +€36,141
up €36,141 (+86.4%), from €41,826 to €77,967
mainly Net result for the year (+€98,739) and Investment in fixed assets (net) (+€8,162)
- Receivables within one year +€23,975
up €23,975 (+182%), from €13,144 to €37,118
of which Trade receivables: +€16,503
- Financial fixed assets -€8,162
down €8,162 (-8.5%), from €96,021 to €87,859
- Tangible fixed assets -€4,321
down €4,321 (-31.9%), from €13,542 to €9,221
of which Furniture and vehicles: -€3,287
- Reserves +€63,739
up €63,739 (+61.7%), from €103,305 to €167,044
- Debts after one year -€12,915
down €12,915 (-39.7%), from €32,512 to €19,598
- Tax, wage and social debts -€3,135
down €3,135 (-25.9%), from €12,102 to €8,967
of which Taxes: -€3,583
- Financial income +€40,430
up €40,430 (+202%), from €20,009 to €60,439
- Gross operating margin +€16,818
up €16,818 (+39.2%), from €42,897 to €59,715
- Taxes +€4,951
up €4,951 (+54.4%), from €9,102 to €14,052
- Other operating charges -€1,817
down €1,817 (-76.5%), from €2,376 to €559
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 | €166,083 | €213,416 | +€47,333 | +28.5% |
| Formation expenses | 20 | €264 | €6 | -€258 | -97.9% |
| Fixed assets | 21/28 | €109,563 | €97,080 | -€12,483 | -11.4% |
| Tangible fixed assets | 22/27 | €13,542 | €9,221 | -€4,321 | -31.9% |
| Plant, machinery and equipment | 23 | €3,268 | €2,233 | -€1,034 | -31.7% |
| Furniture and vehicles | 24 | €10,274 | €6,988 | -€3,287 | -32.0% |
| Financial fixed assets | 28 | €96,021 | €87,859 | -€8,162 | -8.5% |
| Current assets | 29/58 | €56,257 | €116,330 | +€60,073 | +107% |
| Amounts receivable within one year | 40/41 | €13,144 | €37,118 | +€23,975 | +182% |
| Trade receivables | 40 | €12,015 | €28,518 | +€16,503 | +137% |
| Other amounts receivable | 41 | €1,129 | €8,600 | +€7,471 | +662% |
| Cash at bank and in hand | 54/58 | €41,826 | €77,967 | +€36,141 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,287 | €1,245 | -€42 | -3.3% |
| Total equity and liabilities | 10/49 | €166,083 | €213,416 | +€47,333 | +28.5% |
| Equity | 10/15 | €106,305 | €170,044 | +€63,739 | +60.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €103,305 | €167,044 | +€63,739 | +61.7% |
| Distributable reserves | 133 | €103,305 | €167,044 | +€63,739 | +61.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,778 | €43,372 | -€16,407 | -27.4% |
| Amounts payable after more than one year | 17 | €32,512 | €19,598 | -€12,915 | -39.7% |
| Financial debts | 170/4 | €32,512 | €19,598 | -€12,915 | -39.7% |
| Amounts payable within one year | 42/48 | €27,266 | €23,774 | -€3,492 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €12,867 | €13,760 | +€893 | +6.9% |
| Trade debts | 44 | €2,297 | €731 | -€1,567 | -68.2% |
| Suppliers | 440/4 | €2,297 | €731 | -€1,567 | -68.2% |
| Taxes, remuneration and social security | 45 | €12,102 | €8,967 | -€3,135 | -25.9% |
| Taxes | 450/3 | €10,152 | €6,569 | -€3,583 | -35.3% |
| Remuneration and social security | 454/9 | €1,950 | €2,398 | +€448 | +23.0% |
| Other amounts payable | 47/48 | €0 | €316 | +€316 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,376 | €4,579 | +€203 | +4.6% |
| Other operating charges | 640/8 | €2,376 | €559 | -€1,817 | -76.5% |
| Gross operating margin | 9900 | €42,897 | €59,715 | +€16,818 | +39.2% |
| Operating profit (loss) | 9901 | €36,144 | €54,577 | +€18,433 | +51.0% |
| Financial income | 75/76B | €20,009 | €60,439 | +€40,430 | +202% |
| Recurring financial income | 75 | €20,009 | €60,439 | +€40,430 | +202% |
| Financial charges | 65/66B | €2,327 | €2,225 | -€102 | -4.4% |
| Recurring financial charges | 65 | €2,327 | €2,225 | -€102 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €53,826 | €112,792 | +€58,965 | +110% |
| Income taxes | 67/77 | €9,102 | €14,052 | +€4,951 | +54.4% |
| Profit (loss) for the period | 9904 | €44,725 | €98,739 | +€54,015 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €44,725 | €98,739 | +€54,015 | +121% |
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 21 October 2026 via checked.be.