NOTA BENE: 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.
NOTA BENE
Largest movements
- Cash +€1,926
up €1,926 (+2407525.0%), from €0 to €1,926
mainly Other debts (+€29,613) and Current portion of long-term debt (+€9,790)
- Tangible fixed assets +€411
up €411 (+74.7%), from €550 to €960
- Receivables within one year -€169
down €169 (-48.2%), from €350 to €181
of which Trade receivables: -€350
- Other debts +€29,613
up €29,613 (+88.8%), from €33,355 to €62,968
- Profit (loss) carried forward -€23,323
down €23,323 (-33.2%), from -€70,319 to -€93,642
- Short-term financial debts -€21,780
no longer reported in 2025 (was €21,780)
- Current portion of long-term debt +€9,790
new in 2025: €9,790
- Debts after one year +€8,637
new in 2025: €8,637
- Gross operating margin -€17,192
down €17,192 (-1211.8%), from -€1,419 to -€18,610
- Financial charges +€859
up €859 (+29.8%), from €2,885 to €3,744
- Depreciation -€325
down €325 (-54.9%), from €593 to €268
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 | €924 | €3,092 | +€2,168 | +234.6% |
| Fixed assets | 21/28 | €574 | €985 | +€411 | +71.5% |
| Tangible fixed assets | 22/27 | €550 | €960 | +€411 | +74.7% |
| Furniture and vehicles | 24 | €550 | €960 | +€411 | +74.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €350 | €2,107 | +€1,757 | +502.5% |
| Amounts receivable within one year | 40/41 | €350 | €181 | -€169 | -48.2% |
| Trade receivables | 40 | €350 | - | -€350 | |
| Other amounts receivable | 41 | - | €181 | +€181 | |
| Cash at bank and in hand | 54/58 | €0 | €1,926 | +€1,926 | +2407525.0% |
| Total equity and liabilities | 10/49 | €924 | €3,092 | +€2,168 | +234.6% |
| Equity | 10/15 | -€62,260 | -€85,583 | -€23,323 | -37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,319 | -€93,642 | -€23,323 | -33.2% |
| Amounts payable | 17/49 | €63,184 | €88,675 | +€25,491 | +40.3% |
| Amounts payable after more than one year | 17 | - | €8,637 | +€8,637 | |
| Financial debts | 170/4 | - | €8,637 | +€8,637 | |
| Amounts payable within one year | 42/48 | €63,184 | €80,038 | +€16,854 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,790 | +€9,790 | |
| Financial debts | 43 | €21,780 | - | -€21,780 | |
| Credit institutions | 430/8 | €21,780 | - | -€21,780 | |
| Trade debts | 44 | €7,372 | €7,280 | -€92 | -1.2% |
| Suppliers | 440/4 | €7,372 | €7,280 | -€92 | -1.2% |
| Taxes, remuneration and social security | 45 | €677 | - | -€677 | |
| Taxes | 450/3 | €677 | - | -€677 | |
| Other amounts payable | 47/48 | €33,355 | €62,968 | +€29,613 | +88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €268 | -€325 | -54.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €37 | €304 | +€267 | +721.6% |
| Gross operating margin | 9900 | -€1,419 | -€18,610 | -€17,192 | -1211.8% |
| Operating profit (loss) | 9901 | -€2,436 | -€19,581 | -€17,145 | -703.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,885 | €3,744 | +€859 | +29.8% |
| Recurring financial charges | 65 | €2,885 | €3,744 | +€859 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,321 | -€23,323 | -€18,002 | -338.3% |
| Profit (loss) for the period | 9904 | -€5,321 | -€23,323 | -€18,002 | -338.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,321 | -€23,323 | -€18,002 | -338.3% |
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 4 October 2026 via checked.be.