MEANS: what changed
Two fiscal 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.
MEANS
Largest movements
- Receivables within one year -€23,326
down €23,326 (-9.8%), from €236,997 to €213,671
of which Trade receivables: -€28,726
- Tangible fixed assets -€9,372
down €9,372 (-27.0%), from €34,694 to €25,322
of which Leasing and similar rights: -€8,908
- Trade debts -€33,636
down €33,636 (-98.2%), from €34,243 to €607
- Tax, wage and social debts +€7,417
up €7,417 (+45.0%), from €16,474 to €23,891
of which Taxes: +€7,357
- Debts after one year -€4,897
down €4,897 (-24.4%), from €20,086 to €15,189
- Depreciation -€24,797
down €24,797 (-71.6%), from €34,639 to €9,842
- Gross operating margin -€18,551
down €18,551 (-22.8%), from €81,364 to €62,813
- Taxes +€2,628
up €2,628 (+19.7%), from €13,358 to €15,986
- Other operating charges -€2,124
down €2,124 (-55.2%), from €3,851 to €1,727
- Financial charges +€2,069
up €2,069 (+219.2%), from €944 to €3,013
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 | €285,931 | €252,202 | -€33,729 | -11.8% |
| Fixed assets | 21/28 | €35,164 | €25,322 | -€9,842 | -28.0% |
| Intangible fixed assets | 21 | €470 | - | -€470 | |
| Tangible fixed assets | 22/27 | €34,694 | €25,322 | -€9,372 | -27.0% |
| Furniture and vehicles | 24 | €817 | €353 | -€464 | -56.8% |
| Leasing and similar rights | 25 | €33,877 | €24,969 | -€8,908 | -26.3% |
| Current assets | 29/58 | €250,767 | €226,880 | -€23,887 | -9.5% |
| Amounts receivable within one year | 40/41 | €236,997 | €213,671 | -€23,326 | -9.8% |
| Trade receivables | 40 | €37,697 | €8,971 | -€28,726 | -76.2% |
| Other amounts receivable | 41 | €199,300 | €204,700 | +€5,400 | +2.7% |
| Cash at bank and in hand | 54/58 | €13,770 | €13,209 | -€561 | -4.1% |
| Total equity and liabilities | 10/49 | €285,931 | €252,202 | -€33,729 | -11.8% |
| Equity | 10/15 | €166,550 | €164,485 | -€2,065 | -1.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,903 | €1,903 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,903 | €1,903 | = | 0.0% |
| Other | 1319 | €1,903 | €1,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,450 | €156,385 | -€2,065 | -1.3% |
| Amounts payable | 17/49 | €119,381 | €87,717 | -€31,664 | -26.5% |
| Amounts payable after more than one year | 17 | €20,086 | €15,189 | -€4,897 | -24.4% |
| Financial debts | 170/4 | €20,086 | €15,189 | -€4,897 | -24.4% |
| Amounts payable within one year | 42/48 | €95,951 | €71,028 | -€24,923 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,516 | €4,897 | +€381 | +8.4% |
| Financial debts | 43 | €1,718 | €2,633 | +€915 | +53.3% |
| Credit institutions | 430/8 | €1,718 | €2,633 | +€915 | +53.3% |
| Trade debts | 44 | €34,243 | €607 | -€33,636 | -98.2% |
| Suppliers | 440/4 | €34,243 | €607 | -€33,636 | -98.2% |
| Taxes, remuneration and social security | 45 | €16,474 | €23,891 | +€7,417 | +45.0% |
| Taxes | 450/3 | €16,474 | €23,831 | +€7,357 | +44.7% |
| Remuneration and social security | 454/9 | - | €60 | +€60 | |
| Other amounts payable | 47/48 | €39,000 | €39,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,344 | €1,500 | -€1,844 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,639 | €9,842 | -€24,797 | -71.6% |
| Other operating charges | 640/8 | €3,851 | €1,727 | -€2,124 | -55.2% |
| Gross operating margin | 9900 | €81,364 | €62,813 | -€18,551 | -22.8% |
| Operating profit (loss) | 9901 | €42,874 | €51,244 | +€8,370 | +19.5% |
| Financial income | 75/76B | €4,593 | €4,690 | +€97 | +2.1% |
| Recurring financial income | 75 | €4,593 | €4,690 | +€97 | +2.1% |
| Financial charges | 65/66B | €944 | €3,013 | +€2,069 | +219.2% |
| Recurring financial charges | 65 | €944 | €3,013 | +€2,069 | +219.2% |
| Profit (loss) for the period before taxes | 9903 | €46,523 | €52,921 | +€6,398 | +13.8% |
| Income taxes | 67/77 | €13,358 | €15,986 | +€2,628 | +19.7% |
| Profit (loss) for the period | 9904 | €33,165 | €36,935 | +€3,770 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,165 | €36,935 | +€3,770 | +11.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.