Pre View: 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.
Pre View
Largest movements
- Cash -€45,574
down €45,574 (-79.6%), from €57,288 to €11,714
mainly Trade debts (-€52,799) and Debts after one year (-€26,739)
- Receivables within one year +€9,991
up €9,991 (+6.8%), from €147,823 to €157,815
of which Trade receivables: +€12,186
- Intangible fixed assets -€8,738
down €8,738 (-75.1%), from €11,635 to €2,897
- Tangible fixed assets -€6,668
down €6,668 (-7.8%), from €85,564 to €78,896
of which Plant, machinery and equipment: -€12,300
- Trade debts -€52,799
down €52,799 (-40.1%), from €131,812 to €79,013
- Tax, wage and social debts +€37,615
up €37,615 (+50.3%), from €74,826 to €112,441
of which Taxes: +€21,125
- Debts after one year -€26,739
down €26,739 (-15.2%), from €176,273 to €149,533
- Short-term financial debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Other debts +€11,232
up €11,232 (+231.8%), from €4,844 to €16,076
- Gross operating margin +€55,154
up €55,154 (+22.9%), from €241,185 to €296,340
- Staff costs -€3,990
down €3,990 (-1.6%), from €251,332 to €247,342
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 | €494,862 | €443,972 | -€50,890 | -10.3% |
| Fixed assets | 21/28 | €104,549 | €89,143 | -€15,406 | -14.7% |
| Intangible fixed assets | 21 | €11,635 | €2,897 | -€8,738 | -75.1% |
| Tangible fixed assets | 22/27 | €85,564 | €78,896 | -€6,668 | -7.8% |
| Plant, machinery and equipment | 23 | €85,564 | €73,264 | -€12,300 | -14.4% |
| Furniture and vehicles | 24 | - | €5,632 | +€5,632 | |
| Financial fixed assets | 28 | €7,350 | €7,350 | = | 0.0% |
| Current assets | 29/58 | €390,313 | €354,829 | -€35,484 | -9.1% |
| Stocks and contracts in progress | 3 | €174,912 | €172,911 | -€2,001 | -1.1% |
| Stocks | 30/36 | €174,912 | €172,911 | -€2,001 | -1.1% |
| Amounts receivable within one year | 40/41 | €147,823 | €157,815 | +€9,991 | +6.8% |
| Trade receivables | 40 | €145,629 | €157,815 | +€12,186 | +8.4% |
| Other amounts receivable | 41 | €2,195 | - | -€2,195 | |
| Cash at bank and in hand | 54/58 | €57,288 | €11,714 | -€45,574 | -79.6% |
| Deferred charges and accrued income | 490/1 | €10,290 | €12,389 | +€2,099 | +20.4% |
| Total equity and liabilities | 10/49 | €494,862 | €443,972 | -€50,890 | -10.3% |
| Equity | 10/15 | €5,733 | €10,169 | +€4,436 | +77.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €58,020 | €58,020 | = | 0.0% |
| Distributable reserves | 133 | €58,020 | €58,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,787 | -€50,351 | +€4,436 | +8.1% |
| Amounts payable | 17/49 | €489,129 | €433,803 | -€55,326 | -11.3% |
| Amounts payable after more than one year | 17 | €176,273 | €149,533 | -€26,739 | -15.2% |
| Financial debts | 170/4 | €176,273 | €149,533 | -€26,739 | -15.2% |
| Amounts payable within one year | 42/48 | €312,856 | €284,270 | -€28,586 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €26,373 | €26,740 | +€366 | +1.4% |
| Financial debts | 43 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Credit institutions | 430/8 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Trade debts | 44 | €131,812 | €79,013 | -€52,799 | -40.1% |
| Suppliers | 440/4 | €131,812 | €79,013 | -€52,799 | -40.1% |
| Taxes, remuneration and social security | 45 | €74,826 | €112,441 | +€37,615 | +50.3% |
| Taxes | 450/3 | €46,063 | €67,188 | +€21,125 | +45.9% |
| Remuneration and social security | 454/9 | €28,764 | €45,253 | +€16,489 | +57.3% |
| Other amounts payable | 47/48 | €4,844 | €16,076 | +€11,232 | +231.8% |
| Remuneration, social security and pensions | 62 | €251,332 | €247,342 | -€3,990 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,038 | €21,111 | +€73 | +0.3% |
| Other operating charges | 640/8 | €3,698 | €4,729 | +€1,031 | +27.9% |
| Gross operating margin | 9900 | €241,185 | €296,340 | +€55,154 | +22.9% |
| Operating profit (loss) | 9901 | -€34,883 | €23,157 | +€58,040 | |
| Financial income | 75/76B | €1,079 | €3 | -€1,076 | -99.7% |
| Recurring financial income | 75 | €1,079 | €3 | -€1,076 | -99.7% |
| Financial charges | 65/66B | €20,183 | €17,845 | -€2,338 | -11.6% |
| Recurring financial charges | 65 | €20,183 | €17,845 | -€2,338 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,987 | €5,315 | +€59,302 | |
| Income taxes | 67/77 | €805 | €879 | +€74 | +9.1% |
| Profit (loss) for the period | 9904 | -€54,793 | €4,436 | +€59,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,793 | €4,436 | +€59,228 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.