NOUVEAU: 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.
NOUVEAU
Largest movements
- Cash -€34,220
down €34,220 (-69.9%), from €48,980 to €14,760
mainly Receivables within one year (-€22,418) and Other debts (-€12,579)
- Receivables within one year +€22,418
up €22,418 (+49.2%), from €45,589 to €68,007
of which Trade receivables: +€28,564
- Tangible fixed assets +€3,674
up €3,674 (+21.5%), from €17,055 to €20,729
of which Plant, machinery and equipment: +€9,214
- Deferred charges and accrued income +€1,390
up €1,390 (+55.8%), from €2,492 to €3,882
- Other debts -€12,579
down €12,579 (-50.3%), from €25,000 to €12,421
- Current portion of long-term debt +€3,121
up €3,121 (+302%), from €1,032 to €4,153
- Trade debts +€2,546
up €2,546 (+37.5%), from €6,782 to €9,328
- Write-downs +€3,416
up €3,416, from €0 to €3,416
- Staff costs +€3,238
up €3,238 (+6.8%), from €47,963 to €51,201
- Taxes -€2,398
down €2,398 (-26.8%), from €8,961 to €6,563
- Gross operating margin -€1,877
down €1,877 (-2.1%), from €87,466 to €85,589
- Financial charges +€1,712
up €1,712 (+127%), from €1,347 to €3,060
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 | €125,418 | €117,799 | -€7,620 | -6.1% |
| Fixed assets | 21/28 | €21,155 | €24,829 | +€3,674 | +17.4% |
| Tangible fixed assets | 22/27 | €17,055 | €20,729 | +€3,674 | +21.5% |
| Plant, machinery and equipment | 23 | €1,077 | €10,291 | +€9,214 | +855% |
| Furniture and vehicles | 24 | €2,046 | €92 | -€1,955 | -95.5% |
| Other tangible fixed assets | 26 | €13,932 | €10,346 | -€3,585 | -25.7% |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €104,263 | €92,970 | -€11,293 | -10.8% |
| Stocks and contracts in progress | 3 | €7,180 | €6,282 | -€898 | -12.5% |
| Stocks | 30/36 | €7,180 | €6,282 | -€898 | -12.5% |
| Amounts receivable within one year | 40/41 | €45,589 | €68,007 | +€22,418 | +49.2% |
| Trade receivables | 40 | €39,424 | €67,988 | +€28,564 | +72.5% |
| Other amounts receivable | 41 | €6,165 | €19 | -€6,146 | -99.7% |
| Current investments | 50/53 | €22 | €40 | +€17 | +78.9% |
| Cash at bank and in hand | 54/58 | €48,980 | €14,760 | -€34,220 | -69.9% |
| Deferred charges and accrued income | 490/1 | €2,492 | €3,882 | +€1,390 | +55.8% |
| Total equity and liabilities | 10/49 | €125,418 | €117,799 | -€7,620 | -6.1% |
| Equity | 10/15 | €73,457 | €73,457 | = | 0.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,457 | €65,457 | = | 0.0% |
| Amounts payable | 17/49 | €51,961 | €44,341 | -€7,620 | -14.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,961 | €44,341 | -€7,620 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €1,032 | €4,153 | +€3,121 | +302% |
| Trade debts | 44 | €6,782 | €9,328 | +€2,546 | +37.5% |
| Suppliers | 440/4 | €6,782 | €9,328 | +€2,546 | +37.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,147 | €18,439 | -€708 | -3.7% |
| Taxes | 450/3 | €11,117 | €9,476 | -€1,641 | -14.8% |
| Remuneration and social security | 454/9 | €8,031 | €8,964 | +€933 | +11.6% |
| Other amounts payable | 47/48 | €25,000 | €12,421 | -€12,579 | -50.3% |
| Remuneration, social security and pensions | 62 | €47,963 | €51,201 | +€3,238 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,233 | €6,448 | -€785 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,416 | +€3,416 | |
| Other operating charges | 640/8 | €1,663 | €1,934 | +€272 | +16.3% |
| Non-recurring operating charges | 66A | €0 | €604 | +€604 | |
| Gross operating margin | 9900 | €87,466 | €85,589 | -€1,877 | -2.1% |
| Operating profit (loss) | 9901 | €30,608 | €21,985 | -€8,623 | -28.2% |
| Financial income | 75/76B | €19 | €17 | -€2 | -9.6% |
| Recurring financial income | 75 | €19 | €17 | -€2 | -9.6% |
| Financial charges | 65/66B | €1,347 | €3,060 | +€1,712 | +127% |
| Recurring financial charges | 65 | €1,347 | €3,060 | +€1,712 | +127% |
| Profit (loss) for the period before taxes | 9903 | €29,280 | €18,943 | -€10,337 | -35.3% |
| Income taxes | 67/77 | €8,961 | €6,563 | -€2,398 | -26.8% |
| Profit (loss) for the period | 9904 | €20,320 | €12,381 | -€7,939 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,320 | €12,381 | -€7,939 | -39.1% |
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 19 October 2026 via checked.be.