MAKE THE DIFFERENCE: 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.
MAKE THE DIFFERENCE
Largest movements
- Cash +€4,291
up €4,291 (+152%), from €2,829 to €7,120
mainly Net result for the year (+€12,970) and Trade debts (+€10,771)
- Receivables within one year +€1,779
up €1,779 (+1.5%), from €117,220 to €118,999
of which Other amounts receivable: +€22,143
- Reserves +€12,970
up €12,970 (+25.4%), from €51,054 to €64,024
of which Distributable reserves: +€12,970
- Trade debts +€10,771
up €10,771 (+92.7%), from €11,616 to €22,388
- Tax, wage and social debts -€9,024
down €9,024 (-41.5%), from €21,747 to €12,723
of which Taxes: -€8,830
- Current portion of long-term debt -€4,059
down €4,059 (-17.0%), from €23,863 to €19,804
- Short-term financial debts -€3,454
down €3,454 (-34.2%), from €10,099 to €6,645
- Gross operating margin -€7,397
down €7,397 (-13.2%), from €56,066 to €48,669
- Taxes -€2,633
down €2,633 (-22.1%), from €11,888 to €9,255
- Staff costs -€1,644
down €1,644 (-7.0%), from €23,424 to €21,780
- Other operating charges +€971
up €971 (+60.8%), from €1,597 to €2,569
- Financial charges -€706
down €706 (-45.3%), from €1,558 to €852
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 | €124,580 | €131,783 | +€7,203 | +5.8% |
| Fixed assets | 21/28 | €4,531 | €5,664 | +€1,133 | +25.0% |
| Tangible fixed assets | 22/27 | €4,531 | €5,664 | +€1,133 | +25.0% |
| Plant, machinery and equipment | 23 | €4,531 | €5,664 | +€1,133 | +25.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €120,049 | €126,119 | +€6,070 | +5.1% |
| Amounts receivable within one year | 40/41 | €117,220 | €118,999 | +€1,779 | +1.5% |
| Trade receivables | 40 | €25,143 | €4,779 | -€20,364 | -81.0% |
| Other amounts receivable | 41 | €92,076 | €114,219 | +€22,143 | +24.0% |
| Cash at bank and in hand | 54/58 | €2,829 | €7,120 | +€4,291 | +152% |
| Total equity and liabilities | 10/49 | €124,580 | €131,783 | +€7,203 | +5.8% |
| Equity | 10/15 | €57,254 | €70,224 | +€12,970 | +22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,054 | €64,024 | +€12,970 | +25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,194 | €62,164 | +€12,970 | +26.4% |
| Amounts payable | 17/49 | €67,326 | €61,559 | -€5,767 | -8.6% |
| Amounts payable within one year | 42/48 | €67,326 | €61,559 | -€5,767 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €23,863 | €19,804 | -€4,059 | -17.0% |
| Financial debts | 43 | €10,099 | €6,645 | -€3,454 | -34.2% |
| Credit institutions | 430/8 | €10,099 | €6,645 | -€3,454 | -34.2% |
| Trade debts | 44 | €11,616 | €22,388 | +€10,771 | +92.7% |
| Suppliers | 440/4 | €11,616 | €22,388 | +€10,771 | +92.7% |
| Taxes, remuneration and social security | 45 | €21,747 | €12,723 | -€9,024 | -41.5% |
| Taxes | 450/3 | €20,968 | €12,138 | -€8,830 | -42.1% |
| Remuneration and social security | 454/9 | €779 | €585 | -€194 | -24.9% |
| Remuneration, social security and pensions | 62 | €23,424 | €21,780 | -€1,644 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,019 | €1,244 | +€225 | +22.1% |
| Other operating charges | 640/8 | €1,597 | €2,569 | +€971 | +60.8% |
| Gross operating margin | 9900 | €56,066 | €48,669 | -€7,397 | -13.2% |
| Operating profit (loss) | 9901 | €30,026 | €23,076 | -€6,950 | -23.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,558 | €852 | -€706 | -45.3% |
| Recurring financial charges | 65 | €1,558 | €852 | -€706 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €28,469 | €22,224 | -€6,245 | -21.9% |
| Income taxes | 67/77 | €11,888 | €9,255 | -€2,633 | -22.1% |
| Profit (loss) for the period | 9904 | €16,582 | €12,970 | -€3,612 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,582 | €12,970 | -€3,612 | -21.8% |
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 13 October 2026 via checked.be.