MANAGE YOUR OPERATIONS: 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.
MANAGE YOUR OPERATIONS
Largest movements
- Cash +€161,381
up €161,381 (+139%), from €116,105 to €277,485
mainly Receivables within one year (+€137,599) and Net result for the year (+€71,729)
- Receivables within one year -€137,599
down €137,599 (-78.1%), from €176,269 to €38,670
- Tangible fixed assets +€10,567
up €10,567 (+517%), from €2,045 to €12,612
of which Plant, machinery and equipment: +€8,723
- Deferred charges and accrued income -€5,613
down €5,613 (-89.3%), from €6,282 to €669
- Reserves +€70,800
up €70,800 (+37.3%), from €190,000 to €260,800
- Tax, wage and social debts -€57,478
down €57,478 (-69.5%), from €82,703 to €25,225
of which Taxes: -€54,280
- Trade debts +€13,707
up €13,707 (+217%), from €6,326 to €20,033
- Gross operating margin -€162,947
down €162,947 (-63.5%), from €256,801 to €93,854
- Taxes -€40,130
down €40,130 (-68.3%), from €58,798 to €18,667
- Financial income +€3,080
up €3,080 (+2,780%), from €111 to €3,191
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 | €300,965 | €329,437 | +€28,472 | +9.5% |
| Formation expenses | 20 | €264 | €0 | -€264 | -100% |
| Fixed assets | 21/28 | €2,045 | €12,612 | +€10,567 | +517% |
| Tangible fixed assets | 22/27 | €2,045 | €12,612 | +€10,567 | +517% |
| Plant, machinery and equipment | 23 | - | €8,723 | +€8,723 | |
| Furniture and vehicles | 24 | €2,045 | €3,889 | +€1,844 | +90.2% |
| Current assets | 29/58 | €298,656 | €316,824 | +€18,168 | +6.1% |
| Amounts receivable within one year | 40/41 | €176,269 | €38,670 | -€137,599 | -78.1% |
| Trade receivables | 40 | €176,269 | €38,670 | -€137,599 | -78.1% |
| Cash at bank and in hand | 54/58 | €116,105 | €277,485 | +€161,381 | +139% |
| Deferred charges and accrued income | 490/1 | €6,282 | €669 | -€5,613 | -89.3% |
| Total equity and liabilities | 10/49 | €300,965 | €329,437 | +€28,472 | +9.5% |
| Equity | 10/15 | €201,906 | €272,803 | +€70,896 | +35.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €190,000 | €260,800 | +€70,800 | +37.3% |
| Distributable reserves | 133 | €190,000 | €260,800 | +€70,800 | +37.3% |
| Profit (loss) carried forward | 14 | €1,906 | €2,003 | +€96 | +5.1% |
| Amounts payable | 17/49 | €99,059 | €56,634 | -€42,424 | -42.8% |
| Amounts payable within one year | 42/48 | €98,824 | €56,634 | -€42,190 | -42.7% |
| Trade debts | 44 | €6,326 | €20,033 | +€13,707 | +217% |
| Suppliers | 440/4 | €6,326 | €20,033 | +€13,707 | +217% |
| Taxes, remuneration and social security | 45 | €82,703 | €25,225 | -€57,478 | -69.5% |
| Taxes | 450/3 | €79,505 | €25,225 | -€54,280 | -68.3% |
| Remuneration and social security | 454/9 | €3,198 | €0 | -€3,198 | -100% |
| Other amounts payable | 47/48 | €9,796 | €11,377 | +€1,581 | +16.1% |
| Accrued charges and deferred income | 492/3 | €235 | €0 | -€235 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,853 | €4,110 | +€257 | +6.7% |
| Other operating charges | 640/8 | €194 | €324 | +€130 | +66.8% |
| Gross operating margin | 9900 | €256,801 | €93,854 | -€162,947 | -63.5% |
| Operating profit (loss) | 9901 | €252,753 | €89,420 | -€163,333 | -64.6% |
| Financial income | 75/76B | €111 | €3,191 | +€3,080 | +2,780% |
| Recurring financial income | 75 | €111 | €3,191 | +€3,080 | +2,780% |
| Financial charges | 65/66B | €1,360 | €2,214 | +€854 | +62.8% |
| Recurring financial charges | 65 | €1,360 | €2,214 | +€854 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €251,504 | €90,397 | -€161,107 | -64.1% |
| Income taxes | 67/77 | €58,798 | €18,667 | -€40,130 | -68.3% |
| Profit (loss) for the period | 9904 | €192,706 | €71,729 | -€120,977 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €192,706 | €71,729 | -€120,977 | -62.8% |
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.