Maite Ibañez: 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.
Maite Ibañez
Largest movements
- Receivables within one year -€16,347
no longer reported in 2025 (was €16,347)
- Receivables after one year +€6,000
new in 2025: €6,000
- Tangible fixed assets -€277
down €277 (-63.7%), from €435 to €158
- Profit (loss) carried forward -€10,677
down €10,677 (-81.6%), from €13,088 to €2,411
- Gross operating margin +€4,950
up €4,950 (+32.0%), from -€15,483 to -€10,533
- Other operating charges -€960
down €960 (-99.9%), from €961 to €1
- Financial charges -€237
down €237 (-83.6%), from €283 to €46
- Financial income +€178
up €178 (+8,900%), from €2 to €180
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 | €16,803 | €6,162 | -€10,641 | -63.3% |
| Fixed assets | 21/28 | €436 | €158 | -€278 | -63.8% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €435 | €158 | -€277 | -63.7% |
| Furniture and vehicles | 24 | €435 | €158 | -€277 | -63.7% |
| Current assets | 29/58 | €16,367 | €6,004 | -€10,363 | -63.3% |
| Amounts receivable after more than one year | 29 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 291 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €16,347 | - | -€16,347 | |
| Other amounts receivable | 41 | €16,347 | - | -€16,347 | |
| Cash at bank and in hand | 54/58 | €20 | €4 | -€16 | -80.2% |
| Total equity and liabilities | 10/49 | €16,803 | €6,162 | -€10,641 | -63.3% |
| Equity | 10/15 | €16,088 | €5,411 | -€10,677 | -66.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,088 | €2,411 | -€10,677 | -81.6% |
| Amounts payable | 17/49 | €715 | €751 | +€36 | +5.1% |
| Amounts payable within one year | 42/48 | €715 | €751 | +€36 | +5.1% |
| Trade debts | 44 | €662 | €662 | +€0 | 0.0% |
| Suppliers | 440/4 | €662 | €662 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €53 | €52 | -€1 | -1.8% |
| Taxes | 450/3 | €53 | €52 | -€1 | -1.8% |
| Other amounts payable | 47/48 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €277 | -€30 | -9.7% |
| Other operating charges | 640/8 | €961 | €1 | -€960 | -99.9% |
| Gross operating margin | 9900 | -€15,483 | -€10,533 | +€4,950 | +32.0% |
| Operating profit (loss) | 9901 | -€16,751 | -€10,811 | +€5,940 | +35.5% |
| Financial income | 75/76B | €2 | €180 | +€178 | +8,900% |
| Recurring financial income | 75 | €2 | €180 | +€178 | +8,900% |
| Financial charges | 65/66B | €283 | €46 | -€237 | -83.6% |
| Recurring financial charges | 65 | €283 | €46 | -€237 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,032 | -€10,678 | +€6,354 | +37.3% |
| Profit (loss) for the period | 9904 | -€17,032 | -€10,678 | +€6,354 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,032 | -€10,678 | +€6,354 | +37.3% |
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 27 October 2026 via checked.be.