PROBLEM SOLVED: 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.
PROBLEM SOLVED
Largest movements
- Tangible fixed assets -€8,122
down €8,122 (-14.0%), from €57,909 to €49,787
of which Furniture and vehicles: -€7,982
- Cash +€5,620
up €5,620 (+67.0%), from €8,386 to €14,006
mainly Net result for the year (+€17,315) and Depreciation (+€11,208)
- Deferred charges and accrued income -€2,936
down €2,936 (-35.3%), from €8,321 to €5,385
- Reserves +€13,104
up €13,104 (+26.0%), from €50,388 to €63,492
- Debts after one year -€10,450
down €10,450 (-26.6%), from €39,330 to €28,880
- Other debts -€8,770
no longer reported in 2025 (was €8,770)
- Gross operating margin +€7,108
up €7,108 (+21.0%), from €33,882 to €40,989
- Taxes +€2,491
up €2,491 (+36.4%), from €6,849 to €9,340
- Financial charges +€1,013
up €1,013 (+50.3%), from €2,013 to €3,026
- Financial income +€965
up €965 (+3741.8%), from €26 to €990
- Depreciation +€912
up €912 (+8.9%), from €10,297 to €11,208
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 | €128,295 | €121,684 | -€6,611 | -5.2% |
| Fixed assets | 21/28 | €58,159 | €50,037 | -€8,122 | -14.0% |
| Tangible fixed assets | 22/27 | €57,909 | €49,787 | -€8,122 | -14.0% |
| Plant, machinery and equipment | 23 | €8,527 | €8,388 | -€139 | -1.6% |
| Furniture and vehicles | 24 | €49,382 | €41,400 | -€7,982 | -16.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €70,136 | €71,647 | +€1,511 | +2.2% |
| Amounts receivable within one year | 40/41 | €53,430 | €52,256 | -€1,173 | -2.2% |
| Trade receivables | 40 | €35,019 | €32,172 | -€2,847 | -8.1% |
| Other amounts receivable | 41 | €18,410 | €20,084 | +€1,674 | +9.1% |
| Cash at bank and in hand | 54/58 | €8,386 | €14,006 | +€5,620 | +67.0% |
| Deferred charges and accrued income | 490/1 | €8,321 | €5,385 | -€2,936 | -35.3% |
| Total equity and liabilities | 10/49 | €128,295 | €121,684 | -€6,611 | -5.2% |
| Equity | 10/15 | €51,388 | €64,492 | +€13,104 | +25.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,388 | €63,492 | +€13,104 | +26.0% |
| Distributable reserves | 133 | €50,388 | €63,492 | +€13,104 | +26.0% |
| Amounts payable | 17/49 | €76,907 | €57,192 | -€19,715 | -25.6% |
| Amounts payable after more than one year | 17 | €39,330 | €28,880 | -€10,450 | -26.6% |
| Financial debts | 170/4 | €39,330 | €28,880 | -€10,450 | -26.6% |
| Amounts payable within one year | 42/48 | €37,577 | €28,312 | -€9,265 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €11,481 | €10,450 | -€1,031 | -9.0% |
| Financial debts | 43 | €11,000 | €11,000 | = | 0.0% |
| Other loans | 439 | €11,000 | €11,000 | = | 0.0% |
| Trade debts | 44 | €1,895 | €2,718 | +€823 | +43.4% |
| Suppliers | 440/4 | €1,895 | €2,718 | +€823 | +43.4% |
| Taxes, remuneration and social security | 45 | €4,432 | €4,145 | -€287 | -6.5% |
| Taxes | 450/3 | €4,432 | €4,145 | -€287 | -6.5% |
| Other amounts payable | 47/48 | €8,770 | - | -€8,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,297 | €11,208 | +€912 | +8.9% |
| Other operating charges | 640/8 | €760 | €1,090 | +€331 | +43.6% |
| Gross operating margin | 9900 | €33,882 | €40,989 | +€7,108 | +21.0% |
| Operating profit (loss) | 9901 | €22,825 | €28,691 | +€5,866 | +25.7% |
| Financial income | 75/76B | €26 | €990 | +€965 | +3741.8% |
| Recurring financial income | 75 | €26 | €990 | +€965 | +3741.8% |
| Financial charges | 65/66B | €2,013 | €3,026 | +€1,013 | +50.3% |
| Recurring financial charges | 65 | €2,013 | €3,026 | +€1,013 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €20,838 | €26,655 | +€5,817 | +27.9% |
| Income taxes | 67/77 | €6,849 | €9,340 | +€2,491 | +36.4% |
| Profit (loss) for the period | 9904 | €13,989 | €17,315 | +€3,326 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,989 | €17,315 | +€3,326 | +23.8% |
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 11 October 2026 via checked.be.