NEXT EDITION: 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.
NEXT EDITION
Largest movements
- Receivables within one year +€112,432
up €112,432 (+68.3%), from €164,501 to €276,933
of which Other amounts receivable: +€70,690
- Cash -€3,832
no longer reported in 2025 (was €3,832)
mainly Receivables within one year (-€112,432) and Other debts (-€18,000)
- Accrued charges and deferred income +€80,301
up €80,301 (+109.6%), from €73,263 to €153,564
- Trade debts +€51,900
up €51,900 (+249.4%), from €20,807 to €72,707
- Other debts -€18,000
no longer reported in 2025 (was €18,000)
- Reserves -€6,192
down €6,192 (-16.2%), from €38,221 to €32,029
- Other operating charges +€41,202
up €41,202 (+9229.1%), from €446 to €41,649
- Gross operating margin +€8,203
up €8,203 (+21.8%), from €37,705 to €45,908
- Financial charges -€7,440
down €7,440 (-41.0%), from €18,158 to €10,718
- Financial income +€635
up €635 (+284.6%), from €223 to €858
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 | €170,290 | €278,300 | +€108,010 | +63.4% |
| Fixed assets | 21/28 | €1,958 | €1,368 | -€590 | -30.1% |
| Tangible fixed assets | 22/27 | €1,958 | €1,368 | -€590 | -30.1% |
| Furniture and vehicles | 24 | €1,958 | €1,368 | -€590 | -30.1% |
| Current assets | 29/58 | €168,333 | €276,933 | +€108,600 | +64.5% |
| Amounts receivable within one year | 40/41 | €164,501 | €276,933 | +€112,432 | +68.3% |
| Trade receivables | 40 | €154,746 | €196,488 | +€41,742 | +27.0% |
| Other amounts receivable | 41 | €9,754 | €80,444 | +€70,690 | +724.7% |
| Cash at bank and in hand | 54/58 | €3,832 | - | -€3,832 | |
| Total equity and liabilities | 10/49 | €170,290 | €278,300 | +€108,010 | +63.4% |
| Equity | 10/15 | €58,221 | €52,029 | -€6,192 | -10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,221 | €32,029 | -€6,192 | -16.2% |
| Distributable reserves | 133 | €38,221 | €32,029 | -€6,192 | -16.2% |
| Amounts payable | 17/49 | €112,069 | €226,271 | +€114,201 | +101.9% |
| Amounts payable within one year | 42/48 | €38,807 | €72,707 | +€33,900 | +87.4% |
| Trade debts | 44 | €20,807 | €72,707 | +€51,900 | +249.4% |
| Suppliers | 440/4 | €20,807 | €72,707 | +€51,900 | +249.4% |
| Other amounts payable | 47/48 | €18,000 | - | -€18,000 | |
| Accrued charges and deferred income | 492/3 | €73,263 | €153,564 | +€80,301 | +109.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €590 | = | 0.0% |
| Other operating charges | 640/8 | €446 | €41,649 | +€41,202 | +9229.1% |
| Gross operating margin | 9900 | €37,705 | €45,908 | +€8,203 | +21.8% |
| Operating profit (loss) | 9901 | €36,668 | €3,669 | -€32,999 | -90.0% |
| Financial income | 75/76B | €223 | €858 | +€635 | +284.6% |
| Recurring financial income | 75 | €223 | €858 | +€635 | +284.6% |
| Financial charges | 65/66B | €18,158 | €10,718 | -€7,440 | -41.0% |
| Recurring financial charges | 65 | €18,158 | €10,718 | -€7,440 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €18,733 | -€6,192 | -€24,925 | |
| Income taxes | 67/77 | €58 | - | -€58 | |
| Profit (loss) for the period | 9904 | €18,675 | -€6,192 | -€24,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,675 | -€6,192 | -€24,867 |
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.