PLAN B: 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.
PLAN B
Largest movements
- Tangible fixed assets +€123,834
up €123,834 (+42.4%), from €292,274 to €416,109
of which Land and buildings: +€132,366
- Cash -€21,232
down €21,232 (-24.3%), from €87,349 to €66,116
mainly Investment in fixed assets (net) (-€148,006) and Other debts (-€33,148)
- Debts after one year +€112,914
up €112,914 (+41.5%), from €272,021 to €384,934
- Other debts -€33,148
down €33,148 (-47.5%), from €69,729 to €36,581
- Trade debts +€24,496
up €24,496 (+90.9%), from €26,953 to €51,449
- Tax, wage and social debts -€17,071
down €17,071 (-85.0%), from €20,088 to €3,017
- Profit (loss) carried forward +€5,730
up €5,730 (+11.7%), from €49,123 to €54,853
- Gross operating margin -€27,091
down €27,091 (-39.2%), from €69,120 to €42,029
- Depreciation -€9,006
down €9,006 (-27.1%), from €33,178 to €24,172
- Taxes -€2,579
down €2,579 (-46.1%), from €5,596 to €3,017
- Financial charges +€1,698
up €1,698 (+28.8%), from €5,891 to €7,589
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 | €471,636 | €568,800 | +€97,164 | +20.6% |
| Fixed assets | 21/28 | €292,274 | €416,109 | +€123,834 | +42.4% |
| Tangible fixed assets | 22/27 | €292,274 | €416,109 | +€123,834 | +42.4% |
| Land and buildings | 22 | €251,571 | €383,937 | +€132,366 | +52.6% |
| Furniture and vehicles | 24 | €3,043 | €3,114 | +€71 | +2.3% |
| Other tangible fixed assets | 26 | €37,660 | €29,058 | -€8,602 | -22.8% |
| Current assets | 29/58 | €179,362 | €152,692 | -€26,670 | -14.9% |
| Amounts receivable within one year | 40/41 | €90,900 | €86,575 | -€4,324 | -4.8% |
| Trade receivables | 40 | €70,900 | €66,565 | -€4,335 | -6.1% |
| Other amounts receivable | 41 | €20,000 | €20,010 | +€10 | +0.1% |
| Cash at bank and in hand | 54/58 | €87,349 | €66,116 | -€21,232 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,113 | €0 | -€1,113 | -100.0% |
| Total equity and liabilities | 10/49 | €471,636 | €568,800 | +€97,164 | +20.6% |
| Equity | 10/15 | €71,123 | €76,853 | +€5,730 | +8.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €49,123 | €54,853 | +€5,730 | +11.7% |
| Amounts payable | 17/49 | €400,513 | €491,947 | +€91,434 | +22.8% |
| Amounts payable after more than one year | 17 | €272,021 | €384,934 | +€112,914 | +41.5% |
| Financial debts | 170/4 | €272,021 | €384,934 | +€112,914 | +41.5% |
| Amounts payable within one year | 42/48 | €128,492 | €107,012 | -€21,480 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €11,722 | €15,965 | +€4,243 | +36.2% |
| Trade debts | 44 | €26,953 | €51,449 | +€24,496 | +90.9% |
| Suppliers | 440/4 | €26,953 | €51,449 | +€24,496 | +90.9% |
| Taxes, remuneration and social security | 45 | €20,088 | €3,017 | -€17,071 | -85.0% |
| Taxes | 450/3 | €20,088 | €3,017 | -€17,071 | -85.0% |
| Other amounts payable | 47/48 | €69,729 | €36,581 | -€33,148 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,178 | €24,172 | -€9,006 | -27.1% |
| Other operating charges | 640/8 | €1,699 | €1,581 | -€118 | -6.9% |
| Gross operating margin | 9900 | €69,120 | €42,029 | -€27,091 | -39.2% |
| Operating profit (loss) | 9901 | €34,243 | €16,276 | -€17,967 | -52.5% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €5,891 | €7,589 | +€1,698 | +28.8% |
| Recurring financial charges | 65 | €5,891 | €7,589 | +€1,698 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €28,352 | €8,748 | -€19,604 | -69.1% |
| Income taxes | 67/77 | €5,596 | €3,017 | -€2,579 | -46.1% |
| Profit (loss) for the period | 9904 | €22,755 | €5,730 | -€17,025 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,755 | €5,730 | -€17,025 | -74.8% |
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.