LET'S MOVE THE UNMOVABLE: what changed
LET'S MOVE THE UNMOVABLE
Largest movements
- Cash -€37,091
down €37,091 (-87.2%), from €42,515 to €5,423
mainly Net result for the year (-€19,473) and Receivables within one year (-€12,642)
- Receivables within one year +€12,642
up €12,642 (+191%), from €6,608 to €19,250
of which Trade receivables: +€11,349
- Tangible fixed assets +€2,696
up €2,696 (+56.5%), from €4,769 to €7,464
of which Other tangible fixed assets: +€4,941
- Profit (loss) carried forward -€11,437
down €11,437 (-63.3%), from -€18,063 to -€29,500
- Reserves -€8,036
down €8,036 (-24.3%), from €33,133 to €25,097
- Trade debts -€1,983
down €1,983 (-89.0%), from €2,229 to €246
- Tax, wage and social debts -€1,373
down €1,373 (-29.0%), from €4,734 to €3,361
- Short-term financial debts +€837
new in 2025: €837
- Gross operating margin -€38,445
down €38,445, from €22,686 to -€15,759
- Taxes -€6,640
down €6,640 (-98.4%), from €6,748 to €108
- Other operating charges -€1,631
down €1,631 (-60.1%), from €2,713 to €1,083
- Financial charges -€735
down €735 (-78.3%), from €938 to €204
of which Financial charges: -€665
- Depreciation +€328
up €328 (+16.5%), from €1,991 to €2,319
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,891 | €32,614 | -€21,277 | -39.5% |
| Fixed assets | 21/28 | €4,769 | €7,898 | +€3,129 | +65.6% |
| Intangible fixed assets | 21 | - | €434 | +€434 | |
| Tangible fixed assets | 22/27 | €4,769 | €7,464 | +€2,696 | +56.5% |
| Plant, machinery and equipment | 23 | €2,523 | €922 | -€1,601 | -63.5% |
| Furniture and vehicles | 24 | €2,245 | €1,602 | -€644 | -28.7% |
| Other tangible fixed assets | 26 | - | €4,941 | +€4,941 | |
| Current assets | 29/58 | €49,123 | €24,716 | -€24,407 | -49.7% |
| Amounts receivable within one year | 40/41 | €6,608 | €19,250 | +€12,642 | +191% |
| Trade receivables | 40 | €6,608 | €17,957 | +€11,349 | +172% |
| Other amounts receivable | 41 | - | €1,292 | +€1,292 | |
| Cash at bank and in hand | 54/58 | €42,515 | €5,423 | -€37,091 | -87.2% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €53,891 | €32,614 | -€21,277 | -39.5% |
| Equity | 10/15 | €34,070 | €14,597 | -€19,473 | -57.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €33,133 | €25,097 | -€8,036 | -24.3% |
| Distributable reserves | 133 | €33,133 | €25,097 | -€8,036 | -24.3% |
| Profit (loss) carried forward | 14 | -€18,063 | -€29,500 | -€11,437 | -63.3% |
| Amounts payable | 17/49 | €19,821 | €18,016 | -€1,805 | -9.1% |
| Amounts payable within one year | 42/48 | €19,821 | €18,016 | -€1,805 | -9.1% |
| Financial debts | 43 | - | €837 | +€837 | |
| Credit institutions | 430/8 | - | €837 | +€837 | |
| Trade debts | 44 | €2,229 | €246 | -€1,983 | -89.0% |
| Suppliers | 440/4 | €2,229 | €246 | -€1,983 | -89.0% |
| Taxes, remuneration and social security | 45 | €4,734 | €3,361 | -€1,373 | -29.0% |
| Taxes | 450/3 | €4,734 | €3,361 | -€1,373 | -29.0% |
| Other amounts payable | 47/48 | €12,857 | €13,571 | +€714 | +5.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,991 | €2,319 | +€328 | +16.5% |
| Other operating charges | 640/8 | €2,713 | €1,083 | -€1,631 | -60.1% |
| Gross operating margin | 9900 | €22,686 | -€15,759 | -€38,445 | |
| Operating profit (loss) | 9901 | €17,981 | -€19,161 | -€37,142 | |
| Financial income | 75/76B | €197 | - | -€197 | |
| Recurring financial income | 75 | €197 | - | -€197 | |
| Financial charges | 65/66B | €938 | €204 | -€735 | -78.3% |
| Recurring financial charges | 65 | €868 | €204 | -€665 | -76.5% |
| Non-recurring financial charges | 66B | €70 | - | -€70 | |
| Profit (loss) for the period before taxes | 9903 | €17,240 | -€19,364 | -€36,604 | |
| Income taxes | 67/77 | €6,748 | €108 | -€6,640 | -98.4% |
| Profit (loss) for the period | 9904 | €10,492 | -€19,473 | -€29,964 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,492 | -€19,473 | -€29,964 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.