OPEN STAGE: 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.
OPEN STAGE
Largest movements
- Receivables within one year -€801,759
down €801,759 (-76.2%), from €1.1m to €249,910
of which Trade receivables: -€800,872
- Tangible fixed assets -€35,763
down €35,763 (-4.2%), from €857,860 to €822,096
of which Furniture and vehicles: -€26,582
- Advances received -€561,853
down €561,853 (-79.0%), from €711,284 to €149,431
- Trade debts -€242,565
down €242,565 (-92.2%), from €263,028 to €20,463
- Other debts -€56,822
down €56,822 (-7.2%), from €788,810 to €731,988
- Profit (loss) carried forward +€33,301
up €33,301 (+29.0%), from €114,702 to €148,004
- Gross operating margin -€21,555
down €21,555 (-18.1%), from €119,049 to €97,493
- Financial income -€15,668
down €15,668 (-77.8%), from €20,131 to €4,464
- Taxes -€10,318
down €10,318 (-36.1%), from €28,547 to €18,229
- Depreciation +€3,442
up €3,442 (+7.8%), from €44,409 to €47,851
- Financial charges -€1,263
down €1,263 (-41.2%), from €3,066 to €1,804
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 | €1,920,778 | €1,074,295 | -€846,483 | -44.1% |
| Fixed assets | 21/28 | €857,960 | €822,196 | -€35,763 | -4.2% |
| Tangible fixed assets | 22/27 | €857,860 | €822,096 | -€35,763 | -4.2% |
| Land and buildings | 22 | €727,446 | €718,265 | -€9,182 | -1.3% |
| Furniture and vehicles | 24 | €130,413 | €103,831 | -€26,582 | -20.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,062,819 | €252,099 | -€810,720 | -76.3% |
| Amounts receivable within one year | 40/41 | €1,051,669 | €249,910 | -€801,759 | -76.2% |
| Trade receivables | 40 | €965,464 | €164,592 | -€800,872 | -83.0% |
| Other amounts receivable | 41 | €86,205 | €85,319 | -€887 | -1.0% |
| Cash at bank and in hand | 54/58 | €8,194 | €391 | -€7,803 | -95.2% |
| Deferred charges and accrued income | 490/1 | €2,956 | €1,798 | -€1,158 | -39.2% |
| Total equity and liabilities | 10/49 | €1,920,778 | €1,074,295 | -€846,483 | -44.1% |
| Equity | 10/15 | €122,762 | €156,064 | +€33,301 | +27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,702 | €148,004 | +€33,301 | +29.0% |
| Amounts payable | 17/49 | €1,798,016 | €918,231 | -€879,785 | -48.9% |
| Amounts payable within one year | 42/48 | €1,798,016 | €918,231 | -€879,785 | -48.9% |
| Trade debts | 44 | €263,028 | €20,463 | -€242,565 | -92.2% |
| Suppliers | 440/4 | €263,028 | €20,463 | -€242,565 | -92.2% |
| Advances received on contracts in progress | 46 | €711,284 | €149,431 | -€561,853 | -79.0% |
| Taxes, remuneration and social security | 45 | €34,894 | €16,349 | -€18,545 | -53.1% |
| Taxes | 450/3 | €32,594 | €16,349 | -€16,245 | -49.8% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €788,810 | €731,988 | -€56,822 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,409 | €47,851 | +€3,442 | +7.8% |
| Other operating charges | 640/8 | €50 | €772 | +€722 | +1,444% |
| Gross operating margin | 9900 | €119,049 | €97,493 | -€21,555 | -18.1% |
| Operating profit (loss) | 9901 | €74,590 | €48,871 | -€25,719 | -34.5% |
| Financial income | 75/76B | €20,131 | €4,464 | -€15,668 | -77.8% |
| Recurring financial income | 75 | €20,131 | €4,464 | -€15,668 | -77.8% |
| Financial charges | 65/66B | €3,066 | €1,804 | -€1,263 | -41.2% |
| Recurring financial charges | 65 | €3,066 | €1,804 | -€1,263 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €91,655 | €51,530 | -€40,124 | -43.8% |
| Income taxes | 67/77 | €28,547 | €18,229 | -€10,318 | -36.1% |
| Profit (loss) for the period | 9904 | €63,108 | €33,301 | -€29,806 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,108 | €33,301 | -€29,806 | -47.2% |
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 15 October 2026 via checked.be.