NUMBER ONE LINE: 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.
NUMBER ONE LINE
Largest movements
- Cash +€49,356
up €49,356 (+294%), from €16,783 to €66,138
mainly Advances received (+€48,142) and Net result for the year (+€35,814)
- Tangible fixed assets -€3,615
down €3,615 (-4.7%), from €76,280 to €72,665
- Debts after one year -€61,810
down €61,810 (-33.5%), from €184,533 to €122,723
of which Other amounts payable: -€100,000
- Advances received +€48,142
new in 2025: €48,142
- Profit (loss) carried forward +€35,814
up €35,814 (+42.1%), from -€85,121 to -€49,306
- Trade debts +€21,285
new in 2025: €21,285
- Other debts -€13,265
down €13,265 (-46.3%), from €28,681 to €15,416
- Other operating charges -€15,920
down €15,920 (-88.8%), from €17,924 to €2,004
- Taxes +€10,491
new in 2025: €10,491
- Write-downs -€4,445
no longer reported in 2025 (was €4,445)
- Financial charges -€794
down €794 (-13.7%), from €5,815 to €5,021
- Gross operating margin -€646
down €646 (-1.1%), from €57,766 to €57,121
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 | €229,204 | €272,743 | +€43,539 | +19.0% |
| Fixed assets | 21/28 | €76,929 | €73,315 | -€3,615 | -4.7% |
| Tangible fixed assets | 22/27 | €76,280 | €72,665 | -€3,615 | -4.7% |
| Land and buildings | 22 | €76,280 | €72,665 | -€3,615 | -4.7% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €152,275 | €199,428 | +€47,153 | +31.0% |
| Amounts receivable within one year | 40/41 | €134,040 | €131,753 | -€2,288 | -1.7% |
| Trade receivables | 40 | €11,867 | €8,848 | -€3,019 | -25.4% |
| Other amounts receivable | 41 | €122,174 | €122,904 | +€731 | +0.6% |
| Cash at bank and in hand | 54/58 | €16,783 | €66,138 | +€49,356 | +294% |
| Deferred charges and accrued income | 490/1 | €1,452 | €1,538 | +€86 | +5.9% |
| Total equity and liabilities | 10/49 | €229,204 | €272,743 | +€43,539 | +19.0% |
| Equity | 10/15 | -€138 | €35,676 | +€35,814 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,390 | €66,390 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,531 | €24,531 | = | 0.0% |
| Distributable reserves | 133 | €41,859 | €41,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,121 | -€49,306 | +€35,814 | +42.1% |
| Amounts payable | 17/49 | €229,343 | €237,067 | +€7,724 | +3.4% |
| Amounts payable after more than one year | 17 | €184,533 | €122,723 | -€61,810 | -33.5% |
| Financial debts | 170/4 | €84,533 | €122,723 | +€38,190 | +45.2% |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €44,810 | €114,344 | +€69,535 | +155% |
| Current portion of amounts payable after more than one year | 42 | €15,981 | €17,310 | +€1,329 | +8.3% |
| Trade debts | 44 | - | €21,285 | +€21,285 | |
| Suppliers | 440/4 | - | €21,285 | +€21,285 | |
| Advances received on contracts in progress | 46 | - | €48,142 | +€48,142 | |
| Taxes, remuneration and social security | 45 | €147 | €12,192 | +€12,045 | +8,194% |
| Taxes | 450/3 | - | €12,045 | +€12,045 | |
| Remuneration and social security | 454/9 | €147 | €147 | = | 0.0% |
| Other amounts payable | 47/48 | €28,681 | €15,416 | -€13,265 | -46.3% |
| Remuneration, social security and pensions | 62 | €264 | €266 | +€1 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,615 | €3,615 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,445 | - | -€4,445 | |
| Other operating charges | 640/8 | €17,924 | €2,004 | -€15,920 | -88.8% |
| Gross operating margin | 9900 | €57,766 | €57,121 | -€646 | -1.1% |
| Operating profit (loss) | 9901 | €31,518 | €51,236 | +€19,718 | +62.6% |
| Financial income | 75/76B | €88 | €90 | +€2 | +2.5% |
| Recurring financial income | 75 | €88 | €90 | +€2 | +2.5% |
| Financial charges | 65/66B | €5,815 | €5,021 | -€794 | -13.7% |
| Recurring financial charges | 65 | €5,815 | €5,021 | -€794 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €25,791 | €46,305 | +€20,514 | +79.5% |
| Income taxes | 67/77 | - | €10,491 | +€10,491 | |
| Profit (loss) for the period | 9904 | €25,791 | €35,814 | +€10,024 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,791 | €35,814 | +€10,024 | +38.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.