NET BAUCHE: 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.
NET BAUCHE
Largest movements
- Tangible fixed assets -€258,032
no longer reported in 2025 (was €258,032)
- Receivables within one year +€185,540
up €185,540 (+126%), from €147,488 to €333,028
of which Trade receivables: +€179,705
- Cash -€41,002
down €41,002 (-77.6%), from €52,842 to €11,841
mainly Receivables within one year (-€185,540) and Debts after one year (-€99,189)
- Deferred charges and accrued income -€8,580
down €8,580 (-83.6%), from €10,269 to €1,688
- Stocks and contracts -€5,345
no longer reported in 2025 (was €5,345)
- Debts after one year -€99,189
down €99,189 (-45.3%), from €219,007 to €119,818
- Tax, wage and social debts -€24,443
down €24,443 (-29.2%), from €83,691 to €59,248
of which Taxes: -€24,748
- Reserves +€19,000
up €19,000 (+38.9%), from €48,860 to €67,860
of which Distributable reserves: +€19,000
- Other debts -€10,923
down €10,923 (-69.4%), from €15,733 to €4,810
- Current portion of long-term debt -€8,654
down €8,654 (-14.2%), from €60,961 to €52,306
- Gross operating margin -€337,784
down €337,784 (-65.0%), from €519,925 to €182,141
- Staff costs -€270,211
down €270,211 (-80.3%), from €336,575 to €66,363
- Depreciation -€85,570
no longer reported in 2025 (was €85,570)
- Taxes -€15,282
down €15,282 (-55.1%), from €27,756 to €12,475
- Write-downs +€8,051
new in 2025: €8,051
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 | €474,186 | €346,557 | -€127,628 | -26.9% |
| Fixed assets | 21/28 | €258,242 | - | -€258,242 | |
| Tangible fixed assets | 22/27 | €258,032 | - | -€258,032 | |
| Plant, machinery and equipment | 23 | €79,968 | - | -€79,968 | |
| Furniture and vehicles | 24 | €23,568 | - | -€23,568 | |
| Leasing and similar rights | 25 | €103,836 | - | -€103,836 | |
| Other tangible fixed assets | 26 | €50,660 | - | -€50,660 | |
| Financial fixed assets | 28 | €210 | - | -€210 | |
| Current assets | 29/58 | €215,944 | €346,557 | +€130,613 | +60.5% |
| Stocks and contracts in progress | 3 | €5,345 | - | -€5,345 | |
| Stocks | 30/36 | €5,345 | - | -€5,345 | |
| Amounts receivable within one year | 40/41 | €147,488 | €333,028 | +€185,540 | +126% |
| Trade receivables | 40 | €147,488 | €327,193 | +€179,705 | +122% |
| Other amounts receivable | 41 | - | €5,835 | +€5,835 | |
| Cash at bank and in hand | 54/58 | €52,842 | €11,841 | -€41,002 | -77.6% |
| Deferred charges and accrued income | 490/1 | €10,269 | €1,688 | -€8,580 | -83.6% |
| Total equity and liabilities | 10/49 | €474,186 | €346,557 | -€127,628 | -26.9% |
| Equity | 10/15 | €88,562 | €108,140 | +€19,578 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,860 | €67,860 | +€19,000 | +38.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €66,000 | +€19,000 | +40.4% |
| Profit (loss) carried forward | 14 | €21,102 | €21,680 | +€578 | +2.7% |
| Amounts payable | 17/49 | €385,624 | €238,417 | -€147,206 | -38.2% |
| Amounts payable after more than one year | 17 | €219,007 | €119,818 | -€99,189 | -45.3% |
| Financial debts | 170/4 | €219,007 | €119,818 | -€99,189 | -45.3% |
| Amounts payable within one year | 42/48 | €165,507 | €117,824 | -€47,683 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €60,961 | €52,306 | -€8,654 | -14.2% |
| Trade debts | 44 | €5,122 | €1,459 | -€3,663 | -71.5% |
| Suppliers | 440/4 | €5,122 | €1,459 | -€3,663 | -71.5% |
| Taxes, remuneration and social security | 45 | €83,691 | €59,248 | -€24,443 | -29.2% |
| Taxes | 450/3 | €65,746 | €40,997 | -€24,748 | -37.6% |
| Remuneration and social security | 454/9 | €17,945 | €18,251 | +€306 | +1.7% |
| Other amounts payable | 47/48 | €15,733 | €4,810 | -€10,923 | -69.4% |
| Accrued charges and deferred income | 492/3 | €1,109 | €775 | -€334 | -30.1% |
| Non-recurring operating income | 76A | - | €162,076 | +€162,076 | |
| Remuneration, social security and pensions | 62 | €336,575 | €66,363 | -€270,211 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,570 | - | -€85,570 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,051 | +€8,051 | |
| Other operating charges | 640/8 | €9,210 | €12,912 | +€3,702 | +40.2% |
| Non-recurring operating charges | 66A | - | €49,980 | +€49,980 | |
| Gross operating margin | 9900 | €519,925 | €182,141 | -€337,784 | -65.0% |
| Operating profit (loss) | 9901 | €88,570 | €44,835 | -€43,735 | -49.4% |
| Financial charges | 65/66B | €13,404 | €12,782 | -€622 | -4.6% |
| Recurring financial charges | 65 | €13,404 | €12,782 | -€622 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €75,166 | €32,053 | -€43,114 | -57.4% |
| Income taxes | 67/77 | €27,756 | €12,475 | -€15,282 | -55.1% |
| Profit (loss) for the period | 9904 | €47,410 | €19,578 | -€27,832 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,410 | €19,578 | -€27,832 | -58.7% |
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.