P14K: 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.
P14K
Largest movements
- Cash +€7,438
up €7,438 (+7.2%), from €102,819 to €110,257
mainly Net result for the year (+€61,541) and Receivables within one year (+€3,348)
- Deferred charges and accrued income +€3,510
up €3,510 (+888%), from €395 to €3,905
- Receivables within one year -€3,348
down €3,348 (-20.1%), from €16,658 to €13,310
of which Trade receivables: -€3,711
- Tangible fixed assets +€1,737
up €1,737 (+101%), from €1,714 to €3,450
- Reserves +€13,625
up €13,625 (+14.9%), from €91,530 to €105,156
- Tax, wage and social debts -€7,626
down €7,626 (-33.1%), from €23,067 to €15,441
- Trade debts +€2,774
up €2,774 (+140%), from €1,988 to €4,762
- Gross operating margin +€22,267
up €22,267 (+31.8%), from €70,106 to €92,373
- Taxes +€8,903
up €8,903 (+56.0%), from €15,888 to €24,791
- Other operating charges +€2,266
up €2,266 (+87.9%), from €2,579 to €4,845
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 | €121,586 | €130,922 | +€9,336 | +7.7% |
| Fixed assets | 21/28 | €1,714 | €3,450 | +€1,737 | +101% |
| Tangible fixed assets | 22/27 | €1,714 | €3,450 | +€1,737 | +101% |
| Furniture and vehicles | 24 | €1,714 | €3,450 | +€1,737 | +101% |
| Current assets | 29/58 | €119,872 | €127,472 | +€7,600 | +6.3% |
| Amounts receivable within one year | 40/41 | €16,658 | €13,310 | -€3,348 | -20.1% |
| Trade receivables | 40 | €16,658 | €12,947 | -€3,711 | -22.3% |
| Other amounts receivable | 41 | - | €363 | +€363 | |
| Cash at bank and in hand | 54/58 | €102,819 | €110,257 | +€7,438 | +7.2% |
| Deferred charges and accrued income | 490/1 | €395 | €3,905 | +€3,510 | +888% |
| Total equity and liabilities | 10/49 | €121,586 | €130,922 | +€9,336 | +7.7% |
| Equity | 10/15 | €96,530 | €110,156 | +€13,625 | +14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,530 | €105,156 | +€13,625 | +14.9% |
| Distributable reserves | 133 | €91,530 | €105,156 | +€13,625 | +14.9% |
| Amounts payable | 17/49 | €25,055 | €20,766 | -€4,289 | -17.1% |
| Amounts payable within one year | 42/48 | €25,055 | €20,766 | -€4,289 | -17.1% |
| Trade debts | 44 | €1,988 | €4,762 | +€2,774 | +140% |
| Suppliers | 440/4 | €1,988 | €4,762 | +€2,774 | +140% |
| Taxes, remuneration and social security | 45 | €23,067 | €15,441 | -€7,626 | -33.1% |
| Taxes | 450/3 | €23,067 | €15,441 | -€7,626 | -33.1% |
| Other amounts payable | 47/48 | - | €563 | +€563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €998 | +€439 | +78.5% |
| Other operating charges | 640/8 | €2,579 | €4,845 | +€2,266 | +87.9% |
| Gross operating margin | 9900 | €70,106 | €92,373 | +€22,267 | +31.8% |
| Operating profit (loss) | 9901 | €66,968 | €86,530 | +€19,562 | +29.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €410 | €198 | -€212 | -51.7% |
| Recurring financial charges | 65 | €410 | €198 | -€212 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €66,558 | €86,332 | +€19,774 | +29.7% |
| Income taxes | 67/77 | €15,888 | €24,791 | +€8,903 | +56.0% |
| Profit (loss) for the period | 9904 | €50,670 | €61,541 | +€10,871 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,670 | €61,541 | +€10,871 | +21.5% |
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.