NO LIMITS: 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.
NO LIMITS
Largest movements
- Tangible fixed assets +€361,446
up €361,446 (+40.8%), from €886,569 to €1.2m
of which Land and buildings: +€371,229
- Receivables within one year +€292,232
up €292,232 (+925%), from €31,580 to €323,811
of which Trade receivables: +€292,232
- Cash -€202,669
down €202,669 (-37.5%), from €540,850 to €338,181
mainly Investment in fixed assets (net) (-€405,505) and Receivables within one year (-€292,232)
- Trade debts +€329,232
up €329,232 (+6,523%), from €5,047 to €334,279
- Debts after one year +€167,281
up €167,281 (+901%), from €18,576 to €185,857
of which Financial debts: +€167,181
- Profit (loss) carried forward -€33,743
down €33,743 (-12.8%), from €263,886 to €230,144
- Gross operating margin -€12,777
down €12,777 (-23.9%), from €53,365 to €40,589
- Other operating charges +€9,526
up €9,526 (+128%), from €7,447 to €16,973
- Depreciation +€5,334
up €5,334 (+13.8%), from €38,726 to €44,060
- Financial charges +€1,742
up €1,742 (+15.7%), from €11,079 to €12,821
- Financial income +€537
up €537 (+4,878%), from €11 to €548
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 | €1,462,225 | €1,913,764 | +€451,539 | +30.9% |
| Fixed assets | 21/28 | €886,569 | €1,248,015 | +€361,446 | +40.8% |
| Tangible fixed assets | 22/27 | €886,569 | €1,248,015 | +€361,446 | +40.8% |
| Land and buildings | 22 | €856,189 | €1,227,418 | +€371,229 | +43.4% |
| Plant, machinery and equipment | 23 | €1,809 | €1,349 | -€459 | -25.4% |
| Furniture and vehicles | 24 | €1,200 | €1,000 | -€200 | -16.7% |
| Leasing and similar rights | 25 | €27,372 | €18,248 | -€9,124 | -33.3% |
| Current assets | 29/58 | €575,656 | €665,749 | +€90,094 | +15.7% |
| Amounts receivable within one year | 40/41 | €31,580 | €323,811 | +€292,232 | +925% |
| Trade receivables | 40 | €31,278 | €323,510 | +€292,232 | +934% |
| Other amounts receivable | 41 | €301 | €301 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €540,850 | €338,181 | -€202,669 | -37.5% |
| Deferred charges and accrued income | 490/1 | €3,226 | €3,758 | +€531 | +16.5% |
| Total equity and liabilities | 10/49 | €1,462,225 | €1,913,764 | +€451,539 | +30.9% |
| Equity | 10/15 | €284,338 | €250,595 | -€33,743 | -11.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,886 | €230,144 | -€33,743 | -12.8% |
| Provisions and deferred taxes | 16 | €45,000 | €45,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €45,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,132,887 | €1,618,170 | +€485,282 | +42.8% |
| Amounts payable after more than one year | 17 | €18,576 | €185,857 | +€167,281 | +901% |
| Financial debts | 170/4 | €16,976 | €184,157 | +€167,181 | +985% |
| Other amounts payable | 178/9 | €1,600 | €1,700 | +€100 | +6.3% |
| Amounts payable within one year | 42/48 | €1,108,647 | €1,426,653 | +€318,006 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €18,774 | €25,024 | +€6,249 | +33.3% |
| Trade debts | 44 | €5,047 | €334,279 | +€329,232 | +6,523% |
| Suppliers | 440/4 | €5,047 | €334,279 | +€329,232 | +6,523% |
| Advances received on contracts in progress | 46 | €5,257 | €0 | -€5,257 | -100% |
| Taxes, remuneration and social security | 45 | €13,238 | €5,560 | -€7,678 | -58.0% |
| Taxes | 450/3 | €13,238 | €5,560 | -€7,678 | -58.0% |
| Other amounts payable | 47/48 | €1,066,330 | €1,061,790 | -€4,540 | -0.4% |
| Accrued charges and deferred income | 492/3 | €5,665 | €5,660 | -€5 | -0.1% |
| Non-recurring operating income | 76A | €4,959 | €0 | -€4,959 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,726 | €44,060 | +€5,334 | +13.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €7,447 | €16,973 | +€9,526 | +128% |
| Gross operating margin | 9900 | €53,365 | €40,589 | -€12,777 | -23.9% |
| Operating profit (loss) | 9901 | €7,193 | -€20,443 | -€27,636 | |
| Financial income | 75/76B | €11 | €548 | +€537 | +4,878% |
| Recurring financial income | 75 | €11 | €548 | +€537 | +4,878% |
| Financial charges | 65/66B | €11,079 | €12,821 | +€1,742 | +15.7% |
| Recurring financial charges | 65 | €11,079 | €12,821 | +€1,742 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,875 | -€32,717 | -€28,842 | -744% |
| Income taxes | 67/77 | €832 | €1,026 | +€194 | +23.4% |
| Profit (loss) for the period | 9904 | -€4,707 | -€33,743 | -€29,036 | -617% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,707 | -€33,743 | -€29,036 | -617% |
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 13 October 2026 via checked.be.