M05: 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.
M05
Largest movements
- Receivables within one year +€104,330
up €104,330 (+1,280%), from €8,154 to €112,484
of which Trade receivables: +€66,000
- Cash +€6,658
new in 2025: €6,658
mainly Trade debts (+€68,850) and Tax, wage and social debts (+€21,062)
- Trade debts +€68,850
new in 2025: €68,850
- Tax, wage and social debts +€21,062
new in 2025: €21,062
- Other debts +€16,764
new in 2025: €16,764
- Reserves +€2,450
new in 2025: €2,450
- Profit (loss) carried forward +€1,863
up €1,863, from -€1,847 to €16
- Gross operating margin +€7,346
up €7,346, from -€24 to €7,322
- Other operating charges +€1,294
new in 2025: €1,294
- Taxes +€1,100
new in 2025: €1,100
- Financial charges +€502
up €502 (+446%), from €112 to €614
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 | €8,154 | €119,142 | +€110,988 | +1,361% |
| Current assets | 29/58 | €8,154 | €119,142 | +€110,988 | +1,361% |
| Amounts receivable within one year | 40/41 | €8,154 | €112,484 | +€104,330 | +1,280% |
| Trade receivables | 40 | - | €66,000 | +€66,000 | |
| Other amounts receivable | 41 | €8,154 | €46,484 | +€38,330 | +470% |
| Cash at bank and in hand | 54/58 | - | €6,658 | +€6,658 | |
| Total equity and liabilities | 10/49 | €8,154 | €119,142 | +€110,988 | +1,361% |
| Equity | 10/15 | €8,153 | €12,466 | +€4,313 | +52.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €2,450 | +€2,450 | |
| Distributable reserves | 133 | - | €2,450 | +€2,450 | |
| Profit (loss) carried forward | 14 | -€1,847 | €16 | +€1,863 | |
| Amounts payable | 17/49 | €1 | €106,676 | +€106,675 | +16,667,947% |
| Amounts payable within one year | 42/48 | €1 | €106,676 | +€106,675 | +16,667,947% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | - | €68,850 | +€68,850 | |
| Suppliers | 440/4 | - | €68,850 | +€68,850 | |
| Taxes, remuneration and social security | 45 | - | €21,062 | +€21,062 | |
| Taxes | 450/3 | - | €21,062 | +€21,062 | |
| Other amounts payable | 47/48 | - | €16,764 | +€16,764 | |
| Goods, raw materials, services and sundry goods | 60/61 | €24 | - | -€24 | |
| Other operating charges | 640/8 | - | €1,294 | +€1,294 | |
| Gross operating margin | 9900 | -€24 | €7,322 | +€7,346 | |
| Operating profit (loss) | 9901 | -€24 | €6,028 | +€6,052 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €112 | €614 | +€502 | +446% |
| Recurring financial charges | 65 | €112 | €614 | +€502 | +446% |
| Profit (loss) for the period before taxes | 9903 | -€137 | €5,413 | +€5,550 | |
| Income taxes | 67/77 | - | €1,100 | +€1,100 | |
| Profit (loss) for the period | 9904 | -€137 | €4,313 | +€4,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137 | €4,313 | +€4,450 |
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 24 October 2026 via checked.be.