PROCHAINE ETAPE: 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.
PROCHAINE ETAPE
Largest movements
- Receivables within one year +€9,654
up €9,654 (+3,065%), from €315 to €9,969
of which Trade receivables: +€9,252
- Tangible fixed assets +€5,324
up €5,324 (+46.0%), from €11,582 to €16,906
of which Furniture and vehicles: +€6,539
- Cash -€882
down €882 (-49.1%), from €1,795 to €913
mainly Receivables within one year (-€9,654) and Investment in fixed assets (net) (-€9,054)
- Other debts +€10,250
up €10,250 (+58.5%), from €17,518 to €27,767
- Trade debts +€7,487
up €7,487 (+49,163%), from €15 to €7,503
- Profit (loss) carried forward -€3,544
down €3,544 (-16.9%), from -€20,937 to -€24,481
- Gross operating margin +€1,471
up €1,471 (+111%), from €1,326 to €2,797
- Depreciation -€628
down €628 (-14.4%), from €4,358 to €3,729
- Other operating charges +€625
up €625 (+33.8%), from €1,848 to €2,472
- Financial income -€580
no longer reported in 2025 (was €580)
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 | €13,692 | €27,789 | +€14,096 | +103% |
| Fixed assets | 21/28 | €11,582 | €16,906 | +€5,324 | +46.0% |
| Tangible fixed assets | 22/27 | €11,582 | €16,906 | +€5,324 | +46.0% |
| Plant, machinery and equipment | 23 | €9,261 | €8,046 | -€1,215 | -13.1% |
| Furniture and vehicles | 24 | €2,321 | €8,860 | +€6,539 | +282% |
| Current assets | 29/58 | €2,110 | €10,882 | +€8,772 | +416% |
| Amounts receivable within one year | 40/41 | €315 | €9,969 | +€9,654 | +3,065% |
| Trade receivables | 40 | €315 | €9,567 | +€9,252 | +2,937% |
| Other amounts receivable | 41 | - | €402 | +€402 | |
| Cash at bank and in hand | 54/58 | €1,795 | €913 | -€882 | -49.1% |
| Total equity and liabilities | 10/49 | €13,692 | €27,789 | +€14,096 | +103% |
| Equity | 10/15 | -€3,937 | -€7,481 | -€3,544 | -90.0% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,937 | -€24,481 | -€3,544 | -16.9% |
| Amounts payable | 17/49 | €17,630 | €35,270 | +€17,640 | +100% |
| Amounts payable within one year | 42/48 | €17,630 | €35,270 | +€17,640 | +100% |
| Trade debts | 44 | €15 | €7,503 | +€7,487 | +49,163% |
| Suppliers | 440/4 | €15 | €7,503 | +€7,487 | +49,163% |
| Taxes, remuneration and social security | 45 | €97 | - | -€97 | |
| Taxes | 450/3 | €97 | - | -€97 | |
| Other amounts payable | 47/48 | €17,518 | €27,767 | +€10,250 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,358 | €3,729 | -€628 | -14.4% |
| Other operating charges | 640/8 | €1,848 | €2,472 | +€625 | +33.8% |
| Gross operating margin | 9900 | €1,326 | €2,797 | +€1,471 | +111% |
| Operating profit (loss) | 9901 | -€4,879 | -€3,405 | +€1,475 | +30.2% |
| Financial income | 75/76B | €580 | - | -€580 | |
| Recurring financial income | 75 | €580 | - | -€580 | |
| Financial charges | 65/66B | €134 | €139 | +€6 | +4.2% |
| Recurring financial charges | 65 | €134 | €139 | +€6 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,433 | -€3,544 | +€889 | +20.1% |
| Profit (loss) for the period | 9904 | -€4,433 | -€3,544 | +€889 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,433 | -€3,544 | +€889 | +20.1% |
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 1 November 2026 via checked.be.