MANAGEMENT TRAINING TEAM: 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.
MANAGEMENT TRAINING TEAM
Largest movements
- Cash +€5,912
up €5,912 (+6,662%), from €89 to €6,001
mainly Net result for the year (+€8,864) and Trade debts (+€2,118)
- Receivables within one year -€1,009
down €1,009 (-23.7%), from €4,259 to €3,250
of which Other amounts receivable: -€1,009
- Tangible fixed assets -€522
down €522 (-98.9%), from €528 to €6
- Profit (loss) carried forward +€8,864
up €8,864 (+39.0%), from -€22,713 to -€13,849
- Other debts -€7,049
down €7,049 (-36.9%), from €19,107 to €12,058
- Trade debts +€2,118
up €2,118, from €0 to €2,118
- Short-term financial debts +€448
up €448 (+27.3%), from €1,639 to €2,087
- Gross operating margin +€12,840
up €12,840, from -€2,874 to €9,966
- Depreciation -€6,583
down €6,583 (-92.7%), from €7,105 to €522
- Financial charges -€162
down €162 (-21.8%), from €742 to €580
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 | €19,481 | €23,862 | +€4,381 | +22.5% |
| Fixed assets | 21/28 | €652 | €130 | -€522 | -80.1% |
| Tangible fixed assets | 22/27 | €528 | €6 | -€522 | -98.9% |
| Furniture and vehicles | 24 | €528 | €6 | -€522 | -98.9% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €18,829 | €23,732 | +€4,903 | +26.0% |
| Amounts receivable within one year | 40/41 | €4,259 | €3,250 | -€1,009 | -23.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,259 | €3,250 | -€1,009 | -23.7% |
| Current investments | 50/53 | €14,481 | €14,481 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89 | €6,001 | +€5,912 | +6,662% |
| Total equity and liabilities | 10/49 | €19,481 | €23,862 | +€4,381 | +22.5% |
| Equity | 10/15 | -€1,265 | €7,599 | +€8,864 | |
| Contributions | 10/11 | €19,088 | €19,088 | = | 0.0% |
| Contributions outside capital | 11 | €19,088 | - | -€19,088 | |
| Other | 1109/19 | €19,088 | - | -€19,088 | |
| Reserves | 13 | €2,360 | €2,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,360 | €2,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,713 | -€13,849 | +€8,864 | +39.0% |
| Amounts payable | 17/49 | €20,746 | €16,263 | -€4,483 | -21.6% |
| Amounts payable within one year | 42/48 | €20,746 | €16,263 | -€4,483 | -21.6% |
| Financial debts | 43 | €1,639 | €2,087 | +€448 | +27.3% |
| Credit institutions | 430/8 | €1,639 | €2,087 | +€448 | +27.3% |
| Trade debts | 44 | €0 | €2,118 | +€2,118 | |
| Suppliers | 440/4 | €0 | €2,118 | +€2,118 | |
| Other amounts payable | 47/48 | €19,107 | €12,058 | -€7,049 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,105 | €522 | -€6,583 | -92.7% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€2,874 | €9,966 | +€12,840 | |
| Operating profit (loss) | 9901 | -€9,979 | €9,444 | +€19,423 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €742 | €580 | -€162 | -21.8% |
| Recurring financial charges | 65 | €742 | €580 | -€162 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,720 | €8,864 | +€19,584 | |
| Profit (loss) for the period | 9904 | -€10,720 | €8,864 | +€19,584 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,720 | €8,864 | +€19,584 |
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 14 October 2026 via checked.be.