POSITIV: 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.
POSITIV
Largest movements
- Receivables after one year +€30,000
up €30,000 (+46.2%), from €65,000 to €95,000
- Cash +€15,186
up €15,186 (+19.7%), from €77,110 to €92,295
mainly Net result for the year (+€43,569) and Tax, wage and social debts (+€1,949)
- Reserves +€43,500
up €43,500 (+32.9%), from €132,390 to €175,890
- Tax, wage and social debts +€1,949
up €1,949 (+18.3%), from €10,630 to €12,579
- Gross operating margin +€50,695
up €50,695 (+290%), from €17,461 to €68,156
- Taxes +€15,140
up €15,140 (+203%), from €7,456 to €22,597
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 | €144,848 | €188,964 | +€44,116 | +30.5% |
| Fixed assets | 21/28 | €1,936 | €867 | -€1,070 | -55.2% |
| Tangible fixed assets | 22/27 | €1,936 | €867 | -€1,070 | -55.2% |
| Plant, machinery and equipment | 23 | €203 | €0 | -€203 | -100.0% |
| Furniture and vehicles | 24 | €1,733 | €867 | -€867 | -50.0% |
| Current assets | 29/58 | €142,912 | €188,098 | +€45,186 | +31.6% |
| Amounts receivable after more than one year | 29 | €65,000 | €95,000 | +€30,000 | +46.2% |
| Other amounts receivable | 291 | €65,000 | €95,000 | +€30,000 | +46.2% |
| Amounts receivable within one year | 40/41 | €802 | €802 | = | 0.0% |
| Trade receivables | 40 | €802 | €802 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,110 | €92,295 | +€15,186 | +19.7% |
| Total equity and liabilities | 10/49 | €144,848 | €188,964 | +€44,116 | +30.5% |
| Equity | 10/15 | €132,416 | €175,985 | +€43,569 | +32.9% |
| Reserves | 13 | €132,390 | €175,890 | +€43,500 | +32.9% |
| Distributable reserves | 133 | €132,390 | €175,890 | +€43,500 | +32.9% |
| Profit (loss) carried forward | 14 | €26 | €95 | +€69 | +261% |
| Amounts payable | 17/49 | €12,432 | €12,979 | +€547 | +4.4% |
| Amounts payable within one year | 42/48 | €11,307 | €12,979 | +€1,672 | +14.8% |
| Trade debts | 44 | €677 | €400 | -€277 | -40.9% |
| Suppliers | 440/4 | €677 | €400 | -€277 | -40.9% |
| Taxes, remuneration and social security | 45 | €10,630 | €12,579 | +€1,949 | +18.3% |
| Taxes | 450/3 | €10,630 | €12,579 | +€1,949 | +18.3% |
| Accrued charges and deferred income | 492/3 | €1,125 | - | -€1,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €1,070 | -€253 | -19.1% |
| Other operating charges | 640/8 | €702 | €817 | +€116 | +16.5% |
| Gross operating margin | 9900 | €17,461 | €68,156 | +€50,695 | +290% |
| Operating profit (loss) | 9901 | €15,437 | €66,269 | +€50,832 | +329% |
| Financial charges | 65/66B | €88 | €104 | +€16 | +17.9% |
| Recurring financial charges | 65 | €88 | €104 | +€16 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €15,349 | €66,165 | +€50,817 | +331% |
| Income taxes | 67/77 | €7,456 | €22,597 | +€15,140 | +203% |
| Profit (loss) for the period | 9904 | €7,892 | €43,569 | +€35,677 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €7,892 | €43,569 | +€35,677 | +452% |
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 14 October 2026 via checked.be.