O FINANCE: 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.
O FINANCE
Largest movements
- Cash +€314,440
up €314,440 (+116%), from €272,129 to €586,568
mainly Net result for the year (+€228,536) and Tax, wage and social debts (+€65,829)
- Receivables after one year -€27,080
down €27,080 (-39.2%), from €69,080 to €42,000
- Tangible fixed assets +€12,693
up €12,693 (+38.3%), from €33,140 to €45,833
of which Plant, machinery and equipment: +€11,221
- Receivables within one year +€11,933
up €11,933 (+95.9%), from €12,448 to €24,381
of which Trade receivables: +€9,811
- Stocks and contracts -€9,500
down €9,500 (-39.6%), from €24,000 to €14,500
- Profit (loss) carried forward +€144,336
up €144,336 (+41.4%), from €348,324 to €492,660
- Reserves +€84,200
new in 2025: €84,200
- Tax, wage and social debts +€65,829
up €65,829 (+127%), from €51,783 to €117,612
of which Taxes: +€59,296
- Gross operating margin +€110,798
up €110,798 (+26.4%), from €420,416 to €531,214
- Staff costs +€30,859
up €30,859 (+18.5%), from €166,766 to €197,625
- Taxes +€23,418
up €23,418 (+37.7%), from €62,152 to €85,570
- Depreciation +€7,230
up €7,230 (+60.4%), from €11,969 to €19,199
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 | €467,252 | €767,464 | +€300,212 | +64.3% |
| Fixed assets | 21/28 | €89,140 | €95,833 | +€6,693 | +7.5% |
| Intangible fixed assets | 21 | €56,000 | €49,000 | -€7,000 | -12.5% |
| Tangible fixed assets | 22/27 | €33,140 | €45,833 | +€12,693 | +38.3% |
| Plant, machinery and equipment | 23 | €12,557 | €23,778 | +€11,221 | +89.4% |
| Furniture and vehicles | 24 | €20,583 | €17,456 | -€3,127 | -15.2% |
| Other tangible fixed assets | 26 | - | €4,599 | +€4,599 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €378,112 | €671,631 | +€293,519 | +77.6% |
| Amounts receivable after more than one year | 29 | €69,080 | €42,000 | -€27,080 | -39.2% |
| Other amounts receivable | 291 | €69,080 | €42,000 | -€27,080 | -39.2% |
| Stocks and contracts in progress | 3 | €24,000 | €14,500 | -€9,500 | -39.6% |
| Stocks | 30/36 | €24,000 | €14,500 | -€9,500 | -39.6% |
| Amounts receivable within one year | 40/41 | €12,448 | €24,381 | +€11,933 | +95.9% |
| Trade receivables | 40 | €9,504 | €19,315 | +€9,811 | +103% |
| Other amounts receivable | 41 | €2,944 | €5,066 | +€2,123 | +72.1% |
| Cash at bank and in hand | 54/58 | €272,129 | €586,568 | +€314,440 | +116% |
| Deferred charges and accrued income | 490/1 | €456 | €4,182 | +€3,726 | +818% |
| Total equity and liabilities | 10/49 | €467,252 | €767,464 | +€300,212 | +64.3% |
| Equity | 10/15 | €354,324 | €582,860 | +€228,536 | +64.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €84,200 | +€84,200 | |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Profit (loss) carried forward | 14 | €348,324 | €492,660 | +€144,336 | +41.4% |
| Amounts payable | 17/49 | €112,929 | €184,604 | +€71,676 | +63.5% |
| Amounts payable after more than one year | 17 | €28,247 | €32,003 | +€3,757 | +13.3% |
| Other amounts payable | 178/9 | €28,247 | €32,003 | +€3,757 | +13.3% |
| Amounts payable within one year | 42/48 | €84,008 | €146,085 | +€62,077 | +73.9% |
| Trade debts | 44 | €32,224 | €28,473 | -€3,751 | -11.6% |
| Suppliers | 440/4 | €32,224 | €28,473 | -€3,751 | -11.6% |
| Taxes, remuneration and social security | 45 | €51,783 | €117,612 | +€65,829 | +127% |
| Taxes | 450/3 | €36,317 | €95,613 | +€59,296 | +163% |
| Remuneration and social security | 454/9 | €15,466 | €21,999 | +€6,533 | +42.2% |
| Accrued charges and deferred income | 492/3 | €675 | €6,516 | +€5,842 | +866% |
| Remuneration, social security and pensions | 62 | €166,766 | €197,625 | +€30,859 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,969 | €19,199 | +€7,230 | +60.4% |
| Other operating charges | 640/8 | €1,208 | €3,132 | +€1,924 | +159% |
| Gross operating margin | 9900 | €420,416 | €531,214 | +€110,798 | +26.4% |
| Operating profit (loss) | 9901 | €240,472 | €311,257 | +€70,785 | +29.4% |
| Financial income | 75/76B | €95 | €3,473 | +€3,378 | +3,557% |
| Recurring financial income | 75 | €95 | €3,473 | +€3,378 | +3,557% |
| Financial charges | 65/66B | €3,651 | €625 | -€3,026 | -82.9% |
| Recurring financial charges | 65 | €3,651 | €625 | -€3,026 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €236,917 | €314,106 | +€77,189 | +32.6% |
| Income taxes | 67/77 | €62,152 | €85,570 | +€23,418 | +37.7% |
| Profit (loss) for the period | 9904 | €174,764 | €228,536 | +€53,772 | +30.8% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,764 | €144,336 | -€30,428 | -17.4% |
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 22 October 2026 via checked.be.