Opzigt: 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.
Opzigt
Largest movements
- Tangible fixed assets +€64,716
up €64,716 (+11.6%), from €559,523 to €624,239
of which Plant, machinery and equipment: +€82,544
- Debts after one year +€103,669
up €103,669 (+17.3%), from €597,541 to €701,210
of which Other amounts payable: +€136,242
- Profit (loss) carried forward -€33,762
down €33,762 (-9.9%), from -€342,433 to -€376,195
- Short-term financial debts +€6,887
up €6,887 (+306.7%), from €2,246 to €9,133
- Financial income -€11,401
down €11,401 (-99.7%), from €11,429 to €29
of which Non-recurring financial income: -€9,900
- Gross operating margin -€4,341
down €4,341 (-20.0%), from €21,679 to €17,338
- Financial charges -€1,302
down €1,302 (-25.5%), from €5,113 to €3,811
- Depreciation +€1,224
up €1,224 (+2.9%), from €42,942 to €44,166
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 | €598,630 | €672,246 | +€73,616 | +12.3% |
| Fixed assets | 21/28 | €559,645 | €624,262 | +€64,617 | +11.5% |
| Intangible fixed assets | 21 | €99 | - | -€99 | |
| Tangible fixed assets | 22/27 | €559,523 | €624,239 | +€64,716 | +11.6% |
| Land and buildings | 22 | €308,154 | €295,891 | -€12,263 | -4.0% |
| Plant, machinery and equipment | 23 | €241,918 | €324,462 | +€82,544 | +34.1% |
| Furniture and vehicles | 24 | €9,451 | €3,886 | -€5,565 | -58.9% |
| Financial fixed assets | 28 | €23 | €23 | = | 0.0% |
| Current assets | 29/58 | €38,985 | €47,985 | +€8,999 | +23.1% |
| Stocks and contracts in progress | 3 | €21,940 | €24,788 | +€2,848 | +13.0% |
| Stocks | 30/36 | €21,940 | €24,788 | +€2,848 | +13.0% |
| Amounts receivable within one year | 40/41 | €14,425 | €20,124 | +€5,699 | +39.5% |
| Trade receivables | 40 | €14,425 | €6,594 | -€7,831 | -54.3% |
| Other amounts receivable | 41 | - | €13,530 | +€13,530 | |
| Cash at bank and in hand | 54/58 | €1,000 | €1,020 | +€20 | +2.0% |
| Deferred charges and accrued income | 490/1 | €1,620 | €2,052 | +€432 | +26.6% |
| Total equity and liabilities | 10/49 | €598,630 | €672,246 | +€73,616 | +12.3% |
| Equity | 10/15 | -€46,433 | -€80,195 | -€33,762 | -72.7% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,630 | €6,630 | = | 0.0% |
| Distributable reserves | 133 | €9,370 | €9,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,433 | -€376,195 | -€33,762 | -9.9% |
| Amounts payable | 17/49 | €645,063 | €752,442 | +€107,379 | +16.6% |
| Amounts payable after more than one year | 17 | €597,541 | €701,210 | +€103,669 | +17.3% |
| Financial debts | 170/4 | €88,164 | €55,590 | -€32,574 | -36.9% |
| Other amounts payable | 178/9 | €509,378 | €645,620 | +€136,242 | +26.7% |
| Amounts payable within one year | 42/48 | €47,522 | €51,232 | +€3,710 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €33,781 | €32,574 | -€1,207 | -3.6% |
| Financial debts | 43 | €2,246 | €9,133 | +€6,887 | +306.7% |
| Other loans | 439 | €2,246 | €9,133 | +€6,887 | +306.7% |
| Trade debts | 44 | €7,300 | €9,144 | +€1,844 | +25.3% |
| Suppliers | 440/4 | €7,300 | €9,144 | +€1,844 | +25.3% |
| Taxes, remuneration and social security | 45 | €4,195 | €381 | -€3,814 | -90.9% |
| Taxes | 450/3 | €3,814 | - | -€3,814 | |
| Remuneration and social security | 454/9 | €381 | €381 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,942 | €44,166 | +€1,224 | +2.9% |
| Other operating charges | 640/8 | €3,020 | €3,152 | +€132 | +4.4% |
| Gross operating margin | 9900 | €21,679 | €17,338 | -€4,341 | -20.0% |
| Operating profit (loss) | 9901 | -€24,282 | -€29,980 | -€5,697 | -23.5% |
| Financial income | 75/76B | €11,429 | €29 | -€11,401 | -99.7% |
| Recurring financial income | 75 | €1,529 | €29 | -€1,501 | -98.1% |
| Non-recurring financial income | 76B | €9,900 | - | -€9,900 | |
| Financial charges | 65/66B | €5,113 | €3,811 | -€1,302 | -25.5% |
| Recurring financial charges | 65 | €5,113 | €3,811 | -€1,302 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,966 | -€33,762 | -€15,796 | -87.9% |
| Profit (loss) for the period | 9904 | -€17,966 | -€33,762 | -€15,796 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,966 | -€33,762 | -€15,796 | -87.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.