PRE-PRINT: 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.
PRE-PRINT
Largest movements
- Cash -€3,175
down €3,175 (-39.7%), from €8,000 to €4,825
mainly Receivables within one year (-€2,781) and Net result for the year (-€541)
- Receivables within one year +€2,781
up €2,781 (+4.5%), from €62,065 to €64,846
of which Other amounts receivable: +€2,781
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€12,887
up €12,887 (+93.5%), from -€13,781 to -€894
- Depreciation -€606
down €606 (-57.3%), from €1,058 to €452
- Financial income -€527
down €527 (-24.3%), from €2,168 to €1,641
- Financial charges -€475
down €475 (-82.0%), from €579 to €104
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 | €125,719 | €124,873 | -€846 | -0.7% |
| Fixed assets | 21/28 | €55,654 | €55,202 | -€452 | -0.8% |
| Tangible fixed assets | 22/27 | €2,254 | €1,802 | -€452 | -20.1% |
| Plant, machinery and equipment | 23 | €812 | €552 | -€260 | -32.0% |
| Furniture and vehicles | 24 | €1,442 | €1,250 | -€192 | -13.3% |
| Financial fixed assets | 28 | €53,400 | €53,400 | = | 0.0% |
| Current assets | 29/58 | €70,065 | €69,671 | -€394 | -0.6% |
| Amounts receivable within one year | 40/41 | €62,065 | €64,846 | +€2,781 | +4.5% |
| Trade receivables | 40 | €36,300 | €36,300 | = | 0.0% |
| Other amounts receivable | 41 | €25,765 | €28,546 | +€2,781 | +10.8% |
| Cash at bank and in hand | 54/58 | €8,000 | €4,825 | -€3,175 | -39.7% |
| Total equity and liabilities | 10/49 | €125,719 | €124,873 | -€846 | -0.7% |
| Equity | 10/15 | €124,449 | €123,908 | -€541 | -0.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,089 | €109,548 | -€541 | -0.5% |
| Amounts payable | 17/49 | €1,270 | €965 | -€305 | -24.0% |
| Amounts payable within one year | 42/48 | €1,270 | €965 | -€305 | -24.0% |
| Trade debts | 44 | €1,270 | €965 | -€305 | -24.0% |
| Suppliers | 440/4 | €1,270 | €965 | -€305 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,058 | €452 | -€606 | -57.3% |
| Other operating charges | 640/8 | €720 | €732 | +€12 | +1.7% |
| Gross operating margin | 9900 | -€13,781 | -€894 | +€12,887 | +93.5% |
| Operating profit (loss) | 9901 | -€15,559 | -€2,078 | +€13,481 | +86.6% |
| Financial income | 75/76B | €2,168 | €1,641 | -€527 | -24.3% |
| Recurring financial income | 75 | €2,168 | €1,641 | -€527 | -24.3% |
| Financial charges | 65/66B | €579 | €104 | -€475 | -82.0% |
| Recurring financial charges | 65 | €579 | €104 | -€475 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,970 | -€541 | +€13,429 | +96.1% |
| Profit (loss) for the period | 9904 | -€13,970 | -€541 | +€13,429 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,970 | -€541 | +€13,429 | +96.1% |
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 3 October 2026 via checked.be.