OPPORTUNITIES: 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.
OPPORTUNITIES
Largest movements
- Cash -€45,019
down €45,019 (-61.5%), from €73,198 to €28,179
mainly Net result for the year (-€66,970) and Receivables within one year (-€11,436)
- Deferred charges and accrued income -€19,463
down €19,463 (-99.6%), from €19,548 to €85
- Receivables within one year +€11,436
up €11,436 (+18.0%), from €63,705 to €75,140
of which Trade receivables: +€16,395
- Tangible fixed assets -€9,792
down €9,792 (-57.0%), from €17,171 to €7,379
of which Furniture and vehicles: -€8,821
- Profit (loss) carried forward -€66,970
down €66,970 (-24171.5%), from -€277 to -€67,247
- Accrued charges and deferred income +€3,920
up €3,920 (+106.4%), from €3,685 to €7,605
- Trade debts +€3,713
up €3,713 (+190.6%), from €1,948 to €5,661
- Tax, wage and social debts -€2,111
down €2,111 (-76.4%), from €2,762 to €650
- Gross operating margin -€71,991
down €71,991, from €10,798 to -€61,193
- Taxes -€4,560
down €4,560 (-90.5%), from €5,041 to €481
- Depreciation -€728
down €728 (-17.6%), from €4,132 to €3,404
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 | €173,800 | €110,962 | -€62,838 | -36.2% |
| Fixed assets | 21/28 | €17,350 | €7,557 | -€9,792 | -56.4% |
| Tangible fixed assets | 22/27 | €17,171 | €7,379 | -€9,792 | -57.0% |
| Plant, machinery and equipment | 23 | €5,073 | €4,101 | -€971 | -19.2% |
| Furniture and vehicles | 24 | €12,099 | €3,278 | -€8,821 | -72.9% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €156,450 | €103,404 | -€53,046 | -33.9% |
| Amounts receivable within one year | 40/41 | €63,705 | €75,140 | +€11,436 | +18.0% |
| Trade receivables | 40 | €58,746 | €75,140 | +€16,395 | +27.9% |
| Other amounts receivable | 41 | €4,959 | - | -€4,959 | |
| Cash at bank and in hand | 54/58 | €73,198 | €28,179 | -€45,019 | -61.5% |
| Deferred charges and accrued income | 490/1 | €19,548 | €85 | -€19,463 | -99.6% |
| Total equity and liabilities | 10/49 | €173,800 | €110,962 | -€62,838 | -36.2% |
| Equity | 10/15 | €54,187 | -€12,783 | -€66,970 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,264 | €48,264 | = | 0.0% |
| Distributable reserves | 133 | €48,264 | €48,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€277 | -€67,247 | -€66,970 | -24171.5% |
| Amounts payable | 17/49 | €119,614 | €123,745 | +€4,131 | +3.5% |
| Amounts payable within one year | 42/48 | €115,929 | €116,140 | +€211 | +0.2% |
| Trade debts | 44 | €1,948 | €5,661 | +€3,713 | +190.6% |
| Suppliers | 440/4 | €1,948 | €5,661 | +€3,713 | +190.6% |
| Taxes, remuneration and social security | 45 | €2,762 | €650 | -€2,111 | -76.4% |
| Taxes | 450/3 | €2,762 | €650 | -€2,111 | -76.4% |
| Other amounts payable | 47/48 | €111,218 | €109,828 | -€1,391 | -1.3% |
| Accrued charges and deferred income | 492/3 | €3,685 | €7,605 | +€3,920 | +106.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €3,404 | -€728 | -17.6% |
| Other operating charges | 640/8 | €1,431 | €1,654 | +€223 | +15.6% |
| Gross operating margin | 9900 | €10,798 | -€61,193 | -€71,991 | |
| Operating profit (loss) | 9901 | €5,235 | -€66,251 | -€71,486 | |
| Financial income | 75/76B | €5 | €17 | +€12 | +270.3% |
| Recurring financial income | 75 | €5 | €17 | +€12 | +270.3% |
| Financial charges | 65/66B | €476 | €254 | -€222 | -46.6% |
| Recurring financial charges | 65 | €476 | €254 | -€222 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €4,764 | -€66,488 | -€71,252 | |
| Income taxes | 67/77 | €5,041 | €481 | -€4,560 | -90.5% |
| Profit (loss) for the period | 9904 | -€277 | -€66,970 | -€66,693 | -24071.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€277 | -€66,970 | -€66,693 | -24071.5% |
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 3 October 2026 via checked.be.