MOVING IDEAS: 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.
MOVING IDEAS
Largest movements
- Tangible fixed assets -€226,978
down €226,978 (-29.1%), from €779,128 to €552,149
of which Leasing and similar rights: -€206,400
- Cash -€130,622
down €130,622 (-64.4%), from €202,824 to €72,202
mainly Other debts (-€208,850) and Investment in fixed assets (net) (-€163,717)
- Receivables after one year +€111,111
up €111,111 (+48.8%), from €227,881 to €338,992
- Receivables within one year -€81,296
down €81,296 (-14.8%), from €551,124 to €469,828
- Deferred charges and accrued income +€33,039
up €33,039 (+596%), from €5,540 to €38,579
- Other debts -€208,850
no longer reported in 2025 (was €208,850)
- Trade debts +€149,192
up €149,192 (+74.9%), from €199,201 to €348,393
- Debts after one year -€141,005
down €141,005 (-37.3%), from €378,489 to €237,485
- Current portion of long-term debt -€114,673
down €114,673 (-35.5%), from €322,744 to €208,071
- Tax, wage and social debts -€21,335
down €21,335 (-17.4%), from €122,896 to €101,561
of which Taxes: -€37,999
- Gross operating margin -€363,084
down €363,084 (-23.9%), from €1.5m to €1.2m
- Depreciation -€117,777
down €117,777 (-22.0%), from €534,705 to €416,929
- Staff costs +€22,213
up €22,213 (+3.4%), from €644,317 to €666,530
- Taxes -€19,840
down €19,840 (-81.4%), from €24,373 to €4,533
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 | €1,863,441 | €1,542,461 | -€320,980 | -17.2% |
| Fixed assets | 21/28 | €876,071 | €622,860 | -€253,211 | -28.9% |
| Intangible fixed assets | 21 | €29,313 | €8,185 | -€21,129 | -72.1% |
| Tangible fixed assets | 22/27 | €779,128 | €552,149 | -€226,978 | -29.1% |
| Plant, machinery and equipment | 23 | €4,879 | €2,446 | -€2,433 | -49.9% |
| Furniture and vehicles | 24 | €123,713 | €97,974 | -€25,739 | -20.8% |
| Leasing and similar rights | 25 | €649,358 | €442,958 | -€206,400 | -31.8% |
| Other tangible fixed assets | 26 | €1,178 | €8,771 | +€7,593 | +645% |
| Financial fixed assets | 28 | €67,630 | €62,526 | -€5,105 | -7.5% |
| Current assets | 29/58 | €987,370 | €919,601 | -€67,769 | -6.9% |
| Amounts receivable after more than one year | 29 | €227,881 | €338,992 | +€111,111 | +48.8% |
| Other amounts receivable | 291 | €227,881 | €338,992 | +€111,111 | +48.8% |
| Amounts receivable within one year | 40/41 | €551,124 | €469,828 | -€81,296 | -14.8% |
| Trade receivables | 40 | €551,124 | €469,828 | -€81,296 | -14.8% |
| Cash at bank and in hand | 54/58 | €202,824 | €72,202 | -€130,622 | -64.4% |
| Deferred charges and accrued income | 490/1 | €5,540 | €38,579 | +€33,039 | +596% |
| Total equity and liabilities | 10/49 | €1,863,441 | €1,542,461 | -€320,980 | -17.2% |
| Equity | 10/15 | €413,165 | €424,176 | +€11,011 | +2.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314,165 | €325,176 | +€11,011 | +3.5% |
| Amounts payable | 17/49 | €1,450,276 | €1,118,285 | -€331,991 | -22.9% |
| Amounts payable after more than one year | 17 | €378,489 | €237,485 | -€141,005 | -37.3% |
| Financial debts | 170/4 | €378,489 | €237,485 | -€141,005 | -37.3% |
| Amounts payable within one year | 42/48 | €1,053,691 | €858,025 | -€195,666 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €322,744 | €208,071 | -€114,673 | -35.5% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €199,201 | €348,393 | +€149,192 | +74.9% |
| Suppliers | 440/4 | €199,201 | €348,393 | +€149,192 | +74.9% |
| Taxes, remuneration and social security | 45 | €122,896 | €101,561 | -€21,335 | -17.4% |
| Taxes | 450/3 | €68,102 | €30,103 | -€37,999 | -55.8% |
| Remuneration and social security | 454/9 | €54,793 | €71,458 | +€16,664 | +30.4% |
| Other amounts payable | 47/48 | €208,850 | - | -€208,850 | |
| Accrued charges and deferred income | 492/3 | €18,095 | €22,775 | +€4,679 | +25.9% |
| Remuneration, social security and pensions | 62 | €644,317 | €666,530 | +€22,213 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534,705 | €416,929 | -€117,777 | -22.0% |
| Other operating charges | 640/8 | €13,150 | €15,157 | +€2,006 | +15.3% |
| Gross operating margin | 9900 | €1,518,333 | €1,155,249 | -€363,084 | -23.9% |
| Operating profit (loss) | 9901 | €326,161 | €56,634 | -€269,527 | -82.6% |
| Financial income | 75/76B | €0 | €25 | +€25 | +9,200% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +9,200% |
| Financial charges | 65/66B | €54,348 | €41,115 | -€13,233 | -24.3% |
| Recurring financial charges | 65 | €54,348 | €41,115 | -€13,233 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €271,813 | €15,544 | -€256,269 | -94.3% |
| Income taxes | 67/77 | €24,373 | €4,533 | -€19,840 | -81.4% |
| Profit (loss) for the period | 9904 | €247,440 | €11,011 | -€236,429 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €247,440 | €11,011 | -€236,429 | -95.5% |
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 17 October 2026 via checked.be.