Material Mastery: 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.
Material Mastery
Largest movements
- Cash -€41,850
down €41,850 (-83.0%), from €50,418 to €8,568
mainly Accrued charges and deferred income (-€26,035) and Net result for the year (-€23,663)
- Receivables within one year -€15,099
down €15,099 (-18.3%), from €82,405 to €67,306
of which Other amounts receivable: -€13,204
- Deferred charges and accrued income +€2,157
up €2,157 (+634.1%), from €340 to €2,497
- Accrued charges and deferred income -€26,035
down €26,035 (-100.0%), from €26,035 to €0
- Profit (loss) carried forward -€23,663
down €23,663 (-29.6%), from €79,959 to €56,296
- Trade debts -€4,077
down €4,077 (-14.6%), from €27,998 to €23,922
- Gross operating margin +€23,984
up €23,984, from -€1,027 to €22,957
- Staff costs +€9,874
up €9,874 (+35.6%), from €27,713 to €37,587
- Other operating charges +€2,639
up €2,639 (+1157.1%), from €228 to €2,867
- Depreciation +€2,104
up €2,104 (+56.3%), from €3,740 to €5,844
- Financial charges +€320
up €320 (+169.7%), from €189 to €509
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.
Cash bridge derived
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 | €145,283 | €91,019 | -€54,263 | -37.4% |
| Fixed assets | 21/28 | €12,120 | €12,649 | +€529 | +4.4% |
| Tangible fixed assets | 22/27 | €11,620 | €12,149 | +€529 | +4.6% |
| Plant, machinery and equipment | 23 | - | €5,125 | +€5,125 | |
| Furniture and vehicles | 24 | €8,301 | €4,489 | -€3,811 | -45.9% |
| Other tangible fixed assets | 26 | €3,320 | €2,535 | -€785 | -23.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €133,163 | €78,370 | -€54,793 | -41.1% |
| Amounts receivable within one year | 40/41 | €82,405 | €67,306 | -€15,099 | -18.3% |
| Trade receivables | 40 | €54,659 | €52,764 | -€1,895 | -3.5% |
| Other amounts receivable | 41 | €27,746 | €14,542 | -€13,204 | -47.6% |
| Cash at bank and in hand | 54/58 | €50,418 | €8,568 | -€41,850 | -83.0% |
| Deferred charges and accrued income | 490/1 | €340 | €2,497 | +€2,157 | +634.1% |
| Total equity and liabilities | 10/49 | €145,283 | €91,019 | -€54,263 | -37.4% |
| Equity | 10/15 | €82,959 | €59,296 | -€23,663 | -28.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,959 | €56,296 | -€23,663 | -29.6% |
| Amounts payable | 17/49 | €62,324 | €31,724 | -€30,600 | -49.1% |
| Amounts payable within one year | 42/48 | €36,290 | €31,724 | -€4,566 | -12.6% |
| Trade debts | 44 | €27,998 | €23,922 | -€4,077 | -14.6% |
| Suppliers | 440/4 | €27,998 | €23,922 | -€4,077 | -14.6% |
| Taxes, remuneration and social security | 45 | €8,291 | €7,802 | -€489 | -5.9% |
| Taxes | 450/3 | €3,138 | €459 | -€2,679 | -85.4% |
| Remuneration and social security | 454/9 | €5,154 | €7,344 | +€2,190 | +42.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €26,035 | €0 | -€26,035 | -100.0% |
| Remuneration, social security and pensions | 62 | €27,713 | €37,587 | +€9,874 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,740 | €5,844 | +€2,104 | +56.3% |
| Other operating charges | 640/8 | €228 | €2,867 | +€2,639 | +1157.1% |
| Gross operating margin | 9900 | -€1,027 | €22,957 | +€23,984 | |
| Operating profit (loss) | 9901 | -€32,708 | -€23,341 | +€9,367 | +28.6% |
| Financial income | 75/76B | €39 | €186 | +€148 | +380.9% |
| Recurring financial income | 75 | €39 | €186 | +€148 | +380.9% |
| Financial charges | 65/66B | €189 | €509 | +€320 | +169.7% |
| Recurring financial charges | 65 | €189 | €509 | +€320 | +169.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,858 | -€23,663 | +€9,195 | +28.0% |
| Profit (loss) for the period | 9904 | -€32,858 | -€23,663 | +€9,195 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,858 | -€23,663 | +€9,195 | +28.0% |
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 10 October 2026 via checked.be.