PLUS: 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.
PLUS
Largest movements
- Current investments -€320,000
down €320,000 (-100.0%), from €320,000 to €0
- Receivables within one year -€94,932
down €94,932 (-29.5%), from €321,267 to €226,335
of which Trade receivables: -€287,983
- Tangible fixed assets +€78,444
up €78,444 (+129.3%), from €60,681 to €139,125
- Cash +€21,299
up €21,299 (+85.0%), from €25,047 to €46,346
mainly Current investments (+€320,000) and Net result for the year (+€144,092)
- Reserves -€340,063
down €340,063 (-50.6%), from €671,905 to €331,842
- Short-term financial debts +€20,226
new in 2025: €20,226
- Gross operating margin -€113,920
down €113,920 (-35.9%), from €317,765 to €203,845
- Financial income -€75,921
down €75,921 (-96.7%), from €78,526 to €2,605
- Taxes -€31,420
down €31,420 (-42.5%), from €73,882 to €42,462
- Depreciation -€8,644
down €8,644 (-33.4%), from €25,871 to €17,228
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 | €728,745 | €413,706 | -€315,039 | -43.2% |
| Fixed assets | 21/28 | €60,681 | €139,125 | +€78,444 | +129.3% |
| Tangible fixed assets | 22/27 | €60,681 | €139,125 | +€78,444 | +129.3% |
| Furniture and vehicles | 24 | €60,681 | €139,125 | +€78,444 | +129.3% |
| Current assets | 29/58 | €668,064 | €274,581 | -€393,483 | -58.9% |
| Amounts receivable within one year | 40/41 | €321,267 | €226,335 | -€94,932 | -29.5% |
| Trade receivables | 40 | €306,254 | €18,271 | -€287,983 | -94.0% |
| Other amounts receivable | 41 | €15,013 | €208,064 | +€193,051 | +1285.9% |
| Current investments | 50/53 | €320,000 | €0 | -€320,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,047 | €46,346 | +€21,299 | +85.0% |
| Deferred charges and accrued income | 490/1 | €1,750 | €1,900 | +€150 | +8.5% |
| Total equity and liabilities | 10/49 | €728,745 | €413,706 | -€315,039 | -43.2% |
| Equity | 10/15 | €690,505 | €350,442 | -€340,063 | -49.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €671,905 | €331,842 | -€340,063 | -50.6% |
| Distributable reserves | 133 | €671,905 | €331,842 | -€340,063 | -50.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,240 | €63,264 | +€25,024 | +65.4% |
| Amounts payable within one year | 42/48 | €38,240 | €63,264 | +€25,024 | +65.4% |
| Financial debts | 43 | - | €20,226 | +€20,226 | |
| Credit institutions | 430/8 | - | €20,226 | +€20,226 | |
| Trade debts | 44 | €2,610 | €4,049 | +€1,438 | +55.1% |
| Suppliers | 440/4 | €2,610 | €4,049 | +€1,438 | +55.1% |
| Taxes, remuneration and social security | 45 | €35,630 | €33,156 | -€2,474 | -6.9% |
| Taxes | 450/3 | €29,780 | €27,306 | -€2,474 | -8.3% |
| Remuneration and social security | 454/9 | €5,850 | €5,850 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €5,834 | +€5,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,871 | €17,228 | -€8,644 | -33.4% |
| Other operating charges | 640/8 | €1,407 | €1,213 | -€194 | -13.8% |
| Gross operating margin | 9900 | €317,765 | €203,845 | -€113,920 | -35.9% |
| Operating profit (loss) | 9901 | €290,486 | €185,404 | -€105,082 | -36.2% |
| Financial income | 75/76B | €78,526 | €2,605 | -€75,921 | -96.7% |
| Recurring financial income | 75 | €78,526 | €2,605 | -€75,921 | -96.7% |
| Financial charges | 65/66B | €475 | €1,456 | +€980 | +206.3% |
| Recurring financial charges | 65 | €475 | €1,456 | +€980 | +206.3% |
| Profit (loss) for the period before taxes | 9903 | €368,537 | €186,554 | -€181,983 | -49.4% |
| Income taxes | 67/77 | €73,882 | €42,462 | -€31,420 | -42.5% |
| Profit (loss) for the period | 9904 | €294,655 | €144,092 | -€150,563 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €294,655 | €144,092 | -€150,563 | -51.1% |
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 9 October 2026 via checked.be.