Ligne: 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.
Ligne
Largest movements
- Stocks and contracts -€21,202
down €21,202 (-6.0%), from €353,843 to €332,641
- Receivables within one year +€15,902
up €15,902 (+8.2%), from €193,230 to €209,132
of which Other amounts receivable: +€32,788
- Other debts +€24,802
up €24,802 (+226.7%), from €10,940 to €35,742
- Trade debts -€16,867
down €16,867 (-9.2%), from €182,723 to €165,856
- Tax, wage and social debts -€14,720
down €14,720 (-31.4%), from €46,842 to €32,122
of which Taxes: -€11,973
- Staff costs -€55,131
down €55,131 (-42.6%), from €129,345 to €74,214
- Gross operating margin -€28,201
down €28,201 (-25.5%), from €110,459 to €82,259
- Financial income -€13,199
down €13,199 (-65.8%), from €20,062 to €6,863
- Depreciation -€1,263
down €1,263 (-47.1%), from €2,684 to €1,421
- Other operating charges -€1,257
down €1,257 (-40.9%), from €3,073 to €1,816
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 | €765,316 | €765,013 | -€303 | 0.0% |
| Fixed assets | 21/28 | €111,886 | €110,465 | -€1,421 | -1.3% |
| Tangible fixed assets | 22/27 | €4,575 | €3,154 | -€1,421 | -31.1% |
| Furniture and vehicles | 24 | €4,575 | €3,154 | -€1,421 | -31.1% |
| Financial fixed assets | 28 | €107,312 | €107,312 | = | 0.0% |
| Current assets | 29/58 | €653,430 | €654,548 | +€1,118 | +0.2% |
| Stocks and contracts in progress | 3 | €353,843 | €332,641 | -€21,202 | -6.0% |
| Stocks | 30/36 | €353,843 | €332,641 | -€21,202 | -6.0% |
| Amounts receivable within one year | 40/41 | €193,230 | €209,132 | +€15,902 | +8.2% |
| Trade receivables | 40 | €143,880 | €126,994 | -€16,886 | -11.7% |
| Other amounts receivable | 41 | €49,350 | €82,138 | +€32,788 | +66.4% |
| Cash at bank and in hand | 54/58 | €103,179 | €109,508 | +€6,329 | +6.1% |
| Deferred charges and accrued income | 490/1 | €3,178 | €3,267 | +€89 | +2.8% |
| Total equity and liabilities | 10/49 | €765,316 | €765,013 | -€303 | 0.0% |
| Equity | 10/15 | €523,160 | €528,387 | +€5,227 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,826 | €11,052 | +€5,227 | +89.7% |
| Distributable reserves | 133 | €5,826 | €11,052 | +€5,227 | +89.7% |
| Profit (loss) carried forward | 14 | €498,743 | €498,743 | = | 0.0% |
| Amounts payable | 17/49 | €242,156 | €236,626 | -€5,529 | -2.3% |
| Amounts payable within one year | 42/48 | €242,156 | €236,626 | -€5,529 | -2.3% |
| Financial debts | 43 | €1,651 | €2,906 | +€1,255 | +76.1% |
| Credit institutions | 430/8 | €1,651 | €2,906 | +€1,255 | +76.1% |
| Trade debts | 44 | €182,723 | €165,856 | -€16,867 | -9.2% |
| Suppliers | 440/4 | €182,723 | €165,856 | -€16,867 | -9.2% |
| Taxes, remuneration and social security | 45 | €46,842 | €32,122 | -€14,720 | -31.4% |
| Taxes | 450/3 | €29,583 | €17,610 | -€11,973 | -40.5% |
| Remuneration and social security | 454/9 | €17,259 | €14,512 | -€2,747 | -15.9% |
| Other amounts payable | 47/48 | €10,940 | €35,742 | +€24,802 | +226.7% |
| Non-recurring operating income | 76A | €35,876 | - | -€35,876 | |
| Remuneration, social security and pensions | 62 | €129,345 | €74,214 | -€55,131 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,684 | €1,421 | -€1,263 | -47.1% |
| Other operating charges | 640/8 | €3,073 | €1,816 | -€1,257 | -40.9% |
| Non-recurring operating charges | 66A | €18,535 | - | -€18,535 | |
| Gross operating margin | 9900 | €110,459 | €82,259 | -€28,201 | -25.5% |
| Operating profit (loss) | 9901 | -€43,178 | €4,808 | +€47,986 | |
| Financial income | 75/76B | €20,062 | €6,863 | -€13,199 | -65.8% |
| Recurring financial income | 75 | €20,062 | €6,863 | -€13,199 | -65.8% |
| Financial charges | 65/66B | €5,609 | €5,905 | +€295 | +5.3% |
| Recurring financial charges | 65 | €5,609 | €5,905 | +€295 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,725 | €5,766 | +€34,491 | |
| Income taxes | 67/77 | €105 | €539 | +€434 | +413.1% |
| Profit (loss) for the period | 9904 | -€28,830 | €5,227 | +€34,057 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,830 | €5,227 | +€34,057 |
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 9 October 2026 via checked.be.