NEW LINES: 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.
NEW LINES
Largest movements
- Receivables within one year +€66,148
up €66,148 (+43.1%), from €153,500 to €219,649
of which Trade receivables: +€74,162
- Cash +€61,283
up €61,283 (+15.6%), from €393,840 to €455,123
mainly Other debts (+€112,698) and Net result for the year (+€70,451)
- Other debts +€112,698
up €112,698 (+962.0%), from €11,715 to €124,413
- Reserves -€51,549
down €51,549 (-9.7%), from €533,303 to €481,755
of which Distributable reserves: -€51,549
- Tax, wage and social debts +€41,401
up €41,401 (+341.2%), from €12,135 to €53,536
of which Taxes: +€44,415
- Trade debts +€22,823
up €22,823 (+22.3%), from €102,165 to €124,988
- Gross operating margin +€84,224
up €84,224 (+70.6%), from €119,356 to €203,580
- Taxes +€21,159
up €21,159 (+262.0%), from €8,075 to €29,234
- Staff costs +€13,766
up €13,766 (+25.1%), from €54,741 to €68,507
- Depreciation -€6,987
down €6,987 (-18.9%), from €36,919 to €29,932
- Financial income +€3,572
up €3,572 (+81.0%), from €4,410 to €7,982
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 | €720,818 | €846,235 | +€125,417 | +17.4% |
| Fixed assets | 21/28 | €61,913 | €56,046 | -€5,867 | -9.5% |
| Tangible fixed assets | 22/27 | €55,111 | €54,244 | -€867 | -1.6% |
| Plant, machinery and equipment | 23 | €26,813 | €25,587 | -€1,226 | -4.6% |
| Furniture and vehicles | 24 | €28,298 | €28,657 | +€359 | +1.3% |
| Financial fixed assets | 28 | €6,802 | €1,802 | -€5,000 | -73.5% |
| Current assets | 29/58 | €658,905 | €790,189 | +€131,284 | +19.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,500 | €219,649 | +€66,148 | +43.1% |
| Trade receivables | 40 | €141,575 | €215,736 | +€74,162 | +52.4% |
| Other amounts receivable | 41 | €11,925 | €3,912 | -€8,013 | -67.2% |
| Cash at bank and in hand | 54/58 | €393,840 | €455,123 | +€61,283 | +15.6% |
| Deferred charges and accrued income | 490/1 | €11,565 | €15,417 | +€3,853 | +33.3% |
| Total equity and liabilities | 10/49 | €720,818 | €846,235 | +€125,417 | +17.4% |
| Equity | 10/15 | €594,803 | €543,255 | -€51,549 | -8.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €533,303 | €481,755 | -€51,549 | -9.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €527,153 | €475,605 | -€51,549 | -9.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €126,015 | €302,980 | +€176,966 | +140.4% |
| Amounts payable within one year | 42/48 | €126,015 | €302,937 | +€176,922 | +140.4% |
| Trade debts | 44 | €102,165 | €124,988 | +€22,823 | +22.3% |
| Suppliers | 440/4 | €102,165 | €124,988 | +€22,823 | +22.3% |
| Taxes, remuneration and social security | 45 | €12,135 | €53,536 | +€41,401 | +341.2% |
| Taxes | 450/3 | €6,442 | €50,856 | +€44,415 | +689.5% |
| Remuneration and social security | 454/9 | €5,693 | €2,679 | -€3,014 | -52.9% |
| Other amounts payable | 47/48 | €11,715 | €124,413 | +€112,698 | +962.0% |
| Accrued charges and deferred income | 492/3 | €0 | €44 | +€44 | |
| Non-recurring operating income | 76A | €6,495 | €7,288 | +€793 | +12.2% |
| Remuneration, social security and pensions | 62 | €54,741 | €68,507 | +€13,766 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,919 | €29,932 | -€6,987 | -18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,446 | €0 | -€1,446 | -100.0% |
| Other operating charges | 640/8 | €6,692 | €8,830 | +€2,138 | +31.9% |
| Non-recurring operating charges | 66A | - | €1,743 | +€1,743 | |
| Gross operating margin | 9900 | €119,356 | €203,580 | +€84,224 | +70.6% |
| Operating profit (loss) | 9901 | €19,557 | €94,567 | +€75,010 | +383.5% |
| Financial income | 75/76B | €4,410 | €7,982 | +€3,572 | +81.0% |
| Recurring financial income | 75 | €4,410 | €7,982 | +€3,572 | +81.0% |
| Financial charges | 65/66B | €313 | €2,864 | +€2,551 | +816.4% |
| Recurring financial charges | 65 | €313 | €1,989 | +€1,677 | +536.5% |
| Non-recurring financial charges | 66B | - | €874 | +€874 | |
| Profit (loss) for the period before taxes | 9903 | €23,654 | €99,685 | +€76,031 | +321.4% |
| Income taxes | 67/77 | €8,075 | €29,234 | +€21,159 | +262.0% |
| Profit (loss) for the period | 9904 | €15,580 | €70,451 | +€54,872 | +352.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,580 | €70,451 | +€54,872 | +352.2% |
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 6 October 2026 via checked.be.