PANEL: 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.
PANEL
Largest movements
- Cash +€14,581
up €14,581 (+101.8%), from €14,329 to €28,910
mainly Depreciation (+€10,464) and Receivables within one year (+€4,303)
- Tangible fixed assets -€10,464
down €10,464 (-23.8%), from €44,001 to €33,537
of which Furniture and vehicles: -€9,865
- Receivables within one year -€4,303
down €4,303 (-33.3%), from €12,916 to €8,613
of which Trade receivables: -€5,242
- Tax, wage and social debts -€5,063
down €5,063 (-69.4%), from €7,292 to €2,229
of which Taxes: -€3,413
- Profit (loss) carried forward +€4,047
up €4,047 (+27.4%), from €14,786 to €18,833
- Other debts +€1,679
up €1,679 (+3.6%), from €46,956 to €48,635
- Gross operating margin -€8,050
down €8,050 (-32.9%), from €24,452 to €16,403
- Depreciation +€5,352
up €5,352 (+104.7%), from €5,112 to €10,464
- Taxes -€2,536
down €2,536 (-59.5%), from €4,265 to €1,729
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 | €72,034 | €72,065 | +€30 | 0.0% |
| Fixed assets | 21/28 | €44,001 | €33,537 | -€10,464 | -23.8% |
| Tangible fixed assets | 22/27 | €44,001 | €33,537 | -€10,464 | -23.8% |
| Plant, machinery and equipment | 23 | €2,545 | €1,946 | -€599 | -23.5% |
| Furniture and vehicles | 24 | €41,456 | €31,591 | -€9,865 | -23.8% |
| Current assets | 29/58 | €28,034 | €38,528 | +€10,494 | +37.4% |
| Amounts receivable within one year | 40/41 | €12,916 | €8,613 | -€4,303 | -33.3% |
| Trade receivables | 40 | €12,664 | €7,422 | -€5,242 | -41.4% |
| Other amounts receivable | 41 | €252 | €1,191 | +€939 | +373.1% |
| Cash at bank and in hand | 54/58 | €14,329 | €28,910 | +€14,581 | +101.8% |
| Deferred charges and accrued income | 490/1 | €789 | €1,005 | +€216 | +27.3% |
| Total equity and liabilities | 10/49 | €72,034 | €72,065 | +€30 | 0.0% |
| Equity | 10/15 | €16,786 | €20,833 | +€4,047 | +24.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,786 | €18,833 | +€4,047 | +27.4% |
| Amounts payable | 17/49 | €55,248 | €51,231 | -€4,017 | -7.3% |
| Amounts payable within one year | 42/48 | €55,248 | €51,231 | -€4,017 | -7.3% |
| Trade debts | 44 | €1,000 | €367 | -€633 | -63.3% |
| Suppliers | 440/4 | €1,000 | €367 | -€633 | -63.3% |
| Taxes, remuneration and social security | 45 | €7,292 | €2,229 | -€5,063 | -69.4% |
| Taxes | 450/3 | €5,642 | €2,229 | -€3,413 | -60.5% |
| Remuneration and social security | 454/9 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | €46,956 | €48,635 | +€1,679 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,112 | €10,464 | +€5,352 | +104.7% |
| Other operating charges | 640/8 | €239 | €48 | -€192 | -80.2% |
| Gross operating margin | 9900 | €24,452 | €16,403 | -€8,050 | -32.9% |
| Operating profit (loss) | 9901 | €19,101 | €5,891 | -€13,210 | -69.2% |
| Financial charges | 65/66B | €50 | €115 | +€65 | +129.3% |
| Recurring financial charges | 65 | €50 | €115 | +€65 | +129.3% |
| Profit (loss) for the period before taxes | 9903 | €19,051 | €5,776 | -€13,275 | -69.7% |
| Income taxes | 67/77 | €4,265 | €1,729 | -€2,536 | -59.5% |
| Profit (loss) for the period | 9904 | €14,786 | €4,047 | -€10,739 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,786 | €4,047 | -€10,739 | -72.6% |
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 5 October 2026 via checked.be.