NEVER UNDERESTIMATE YOUR ABILITIES: 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.
NEVER UNDERESTIMATE YOUR ABILITIES
Largest movements
- Receivables within one year -€31,443
no longer reported in 2025 (was €31,443)
of which Trade receivables: -€31,427
- Cash +€29,805
up €29,805 (+346%), from €8,604 to €38,409
mainly Receivables within one year (+€31,443) and Depreciation (+€10,527)
- Tangible fixed assets -€10,527
down €10,527 (-23.5%), from €44,839 to €34,312
- Debts after one year -€7,550
down €7,550 (-41.5%), from €18,202 to €10,653
- Profit (loss) carried forward -€5,520
down €5,520 (-521%), from -€1,060 to -€6,580
- Tax, wage and social debts +€1,631
up €1,631 (+8.2%), from €19,792 to €21,423
- Trade debts -€913
down €913 (-28.1%), from €3,246 to €2,333
- Depreciation +€2,732
up €2,732 (+35.1%), from €7,794 to €10,527
- Gross operating margin +€1,560
up €1,560 (+21.1%), from €7,393 to €8,953
- Financial charges -€127
down €127 (-5.0%), from €2,559 to €2,432
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 | €85,386 | €73,221 | -€12,165 | -14.2% |
| Fixed assets | 21/28 | €44,839 | €34,312 | -€10,527 | -23.5% |
| Tangible fixed assets | 22/27 | €44,839 | €34,312 | -€10,527 | -23.5% |
| Furniture and vehicles | 24 | €44,839 | €34,312 | -€10,527 | -23.5% |
| Current assets | 29/58 | €40,547 | €38,909 | -€1,639 | -4.0% |
| Amounts receivable within one year | 40/41 | €31,443 | - | -€31,443 | |
| Trade receivables | 40 | €31,427 | - | -€31,427 | |
| Other amounts receivable | 41 | €16 | - | -€16 | |
| Cash at bank and in hand | 54/58 | €8,604 | €38,409 | +€29,805 | +346% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €85,386 | €73,221 | -€12,165 | -14.2% |
| Equity | 10/15 | €1,940 | -€3,580 | -€5,520 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,060 | -€6,580 | -€5,520 | -521% |
| Amounts payable | 17/49 | €83,446 | €76,801 | -€6,646 | -8.0% |
| Amounts payable after more than one year | 17 | €18,202 | €10,653 | -€7,550 | -41.5% |
| Financial debts | 170/4 | €18,202 | €10,653 | -€7,550 | -41.5% |
| Amounts payable within one year | 42/48 | €63,880 | €64,955 | +€1,075 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €7,193 | €7,550 | +€357 | +5.0% |
| Trade debts | 44 | €3,246 | €2,333 | -€913 | -28.1% |
| Suppliers | 440/4 | €3,246 | €2,333 | -€913 | -28.1% |
| Taxes, remuneration and social security | 45 | €19,792 | €21,423 | +€1,631 | +8.2% |
| Taxes | 450/3 | €19,792 | €21,423 | +€1,631 | +8.2% |
| Other amounts payable | 47/48 | €33,650 | €33,650 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,363 | €1,193 | -€171 | -12.5% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,794 | €10,527 | +€2,732 | +35.1% |
| Other operating charges | 640/8 | €983 | €1,033 | +€50 | +5.1% |
| Gross operating margin | 9900 | €7,393 | €8,953 | +€1,560 | +21.1% |
| Operating profit (loss) | 9901 | -€1,385 | -€2,607 | -€1,222 | -88.3% |
| Financial income | 75/76B | €11 | €17 | +€6 | +51.9% |
| Recurring financial income | 75 | €11 | €17 | +€6 | +51.9% |
| Financial charges | 65/66B | €2,559 | €2,432 | -€127 | -5.0% |
| Recurring financial charges | 65 | €2,559 | €2,432 | -€127 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,933 | -€5,022 | -€1,090 | -27.7% |
| Income taxes | 67/77 | €442 | €497 | +€56 | +12.6% |
| Profit (loss) for the period | 9904 | -€4,374 | -€5,520 | -€1,145 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,374 | -€5,520 | -€1,145 | -26.2% |
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 26 October 2026 via checked.be.