MAJOR EVENTS: 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.
MAJOR EVENTS
Largest movements
- Cash -€35,437
down €35,437 (-78.9%), from €44,903 to €9,467
mainly Net result for the year (-€20,947) and Debts after one year (-€19,056)
- Tangible fixed assets -€11,320
down €11,320 (-5.5%), from €206,930 to €195,611
of which Land and buildings: -€10,049
- Receivables within one year +€4,515
up €4,515 (+392%), from €1,151 to €5,665
of which Trade receivables: +€3,961
- Profit (loss) carried forward -€20,947
down €20,947, from €0 to -€20,947
- Debts after one year -€19,056
down €19,056 (-16.9%), from €112,746 to €93,690
- Trade debts -€13,820
down €13,820 (-64.8%), from €21,315 to €7,494
- Advances received +€5,000
new in 2025: €5,000
- Other debts +€3,833
up €3,833 (+5.9%), from €65,381 to €69,214
- Gross operating margin -€48,309
down €48,309, from €47,446 to -€864
- Other operating charges +€6,837
up €6,837 (+1,369%), from €499 to €7,337
- Depreciation -€3,388
down €3,388 (-30.3%), from €11,185 to €7,797
- Taxes -€3,198
down €3,198 (-100%), from €3,198 to €0
- Financial charges +€2,162
up €2,162 (+70.5%), from €3,068 to €5,230
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 | €255,402 | €213,437 | -€41,965 | -16.4% |
| Fixed assets | 21/28 | €208,230 | €196,911 | -€11,320 | -5.4% |
| Tangible fixed assets | 22/27 | €206,930 | €195,611 | -€11,320 | -5.5% |
| Land and buildings | 22 | €204,956 | €194,907 | -€10,049 | -4.9% |
| Furniture and vehicles | 24 | €1,974 | €703 | -€1,270 | -64.4% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €47,172 | €16,526 | -€30,646 | -65.0% |
| Amounts receivable within one year | 40/41 | €1,151 | €5,665 | +€4,515 | +392% |
| Trade receivables | 40 | €740 | €4,701 | +€3,961 | +536% |
| Other amounts receivable | 41 | €411 | €964 | +€553 | +135% |
| Cash at bank and in hand | 54/58 | €44,903 | €9,467 | -€35,437 | -78.9% |
| Deferred charges and accrued income | 490/1 | €1,118 | €1,394 | +€276 | +24.7% |
| Total equity and liabilities | 10/49 | €255,402 | €213,437 | -€41,965 | -16.4% |
| Equity | 10/15 | €33,063 | €12,116 | -€20,947 | -63.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,063 | €13,063 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,063 | €13,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,947 | -€20,947 | |
| Amounts payable | 17/49 | €222,339 | €201,321 | -€21,019 | -9.5% |
| Amounts payable after more than one year | 17 | €112,746 | €93,690 | -€19,056 | -16.9% |
| Financial debts | 170/4 | €112,746 | €93,690 | -€19,056 | -16.9% |
| Amounts payable within one year | 42/48 | €109,593 | €105,134 | -€4,459 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €19,056 | €19,056 | = | 0.0% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €21,315 | €7,494 | -€13,820 | -64.8% |
| Suppliers | 440/4 | €21,315 | €7,494 | -€13,820 | -64.8% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €3,842 | €4,360 | +€518 | +13.5% |
| Taxes | 450/3 | €3,842 | €860 | -€2,982 | -77.6% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €65,381 | €69,214 | +€3,833 | +5.9% |
| Accrued charges and deferred income | 492/3 | €0 | €2,496 | +€2,496 | |
| Non-recurring operating income | 76A | - | €3,558 | +€3,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,185 | €7,797 | -€3,388 | -30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €499 | €7,337 | +€6,837 | +1,369% |
| Gross operating margin | 9900 | €47,446 | -€864 | -€48,309 | |
| Operating profit (loss) | 9901 | €35,762 | -€15,998 | -€51,759 | |
| Financial income | 75/76B | €18 | €281 | +€263 | +1,458% |
| Recurring financial income | 75 | €18 | €281 | +€263 | +1,458% |
| Financial charges | 65/66B | €3,068 | €5,230 | +€2,162 | +70.5% |
| Recurring financial charges | 65 | €3,068 | €5,230 | +€2,162 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €32,712 | -€20,947 | -€53,659 | |
| Income taxes | 67/77 | €3,198 | €0 | -€3,198 | -100% |
| Profit (loss) for the period | 9904 | €29,514 | -€20,947 | -€50,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,514 | -€20,947 | -€50,461 |
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 1 November 2026 via checked.be.