PROFILE: 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.
PROFILE
Largest movements
- Receivables within one year +€61,305
up €61,305 (+74.7%), from €82,082 to €143,388
of which Other amounts receivable: +€62,323
- Stocks and contracts -€14,000
no longer reported in 2025 (was €14,000)
- Tangible fixed assets +€11,397
up €11,397 (+878%), from €1,299 to €12,696
of which Plant, machinery and equipment: +€6,795
- Cash +€9,977
up €9,977 (+79.2%), from €12,599 to €22,576
mainly Net result for the year (+€86,327) and Stocks and contracts (+€14,000)
- Reserves +€85,000
up €85,000 (+285%), from €29,860 to €114,860
- Short-term financial debts -€9,760
no longer reported in 2025 (was €9,760)
- Trade debts -€4,679
down €4,679 (-23.1%), from €20,261 to €15,583
- Tax, wage and social debts -€1,879
down €1,879 (-13.1%), from €14,388 to €12,509
- Gross operating margin +€57,468
up €57,468 (+74.8%), from €76,819 to €134,287
- Taxes +€28,848
up €28,848 (+201%), from €14,388 to €43,236
- Financial charges +€3,910
up €3,910 (+456%), from €857 to €4,767
- Financial income +€2,636
up €2,636 (+1,367%), from €193 to €2,828
- Depreciation +€2,057
up €2,057 (+601%), from €342 to €2,399
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 | €109,980 | €179,901 | +€69,921 | +63.6% |
| Fixed assets | 21/28 | €1,299 | €12,696 | +€11,397 | +878% |
| Tangible fixed assets | 22/27 | €1,299 | €12,696 | +€11,397 | +878% |
| Plant, machinery and equipment | 23 | - | €6,795 | +€6,795 | |
| Furniture and vehicles | 24 | €1,299 | €5,574 | +€4,275 | +329% |
| Other tangible fixed assets | 26 | - | €326 | +€326 | |
| Current assets | 29/58 | €108,681 | €167,206 | +€58,524 | +53.8% |
| Stocks and contracts in progress | 3 | €14,000 | - | -€14,000 | |
| Stocks | 30/36 | €14,000 | - | -€14,000 | |
| Amounts receivable within one year | 40/41 | €82,082 | €143,388 | +€61,305 | +74.7% |
| Trade receivables | 40 | €62,748 | €61,730 | -€1,018 | -1.6% |
| Other amounts receivable | 41 | €19,334 | €81,657 | +€62,323 | +322% |
| Cash at bank and in hand | 54/58 | €12,599 | €22,576 | +€9,977 | +79.2% |
| Deferred charges and accrued income | 490/1 | - | €1,242 | +€1,242 | |
| Total equity and liabilities | 10/49 | €109,980 | €179,901 | +€69,921 | +63.6% |
| Equity | 10/15 | €41,823 | €128,150 | +€86,327 | +206% |
| Contributions | 10/11 | €10,783 | €10,783 | = | 0.0% |
| Reserves | 13 | €29,860 | €114,860 | +€85,000 | +285% |
| Distributable reserves | 133 | €29,860 | €114,860 | +€85,000 | +285% |
| Profit (loss) carried forward | 14 | €1,180 | €2,506 | +€1,327 | +112% |
| Amounts payable | 17/49 | €68,157 | €51,751 | -€16,405 | -24.1% |
| Amounts payable within one year | 42/48 | €68,157 | €51,751 | -€16,405 | -24.1% |
| Financial debts | 43 | €9,760 | - | -€9,760 | |
| Credit institutions | 430/8 | €9,760 | - | -€9,760 | |
| Trade debts | 44 | €20,261 | €15,583 | -€4,679 | -23.1% |
| Suppliers | 440/4 | €20,261 | €15,583 | -€4,679 | -23.1% |
| Taxes, remuneration and social security | 45 | €14,388 | €12,509 | -€1,879 | -13.1% |
| Taxes | 450/3 | €14,388 | €12,509 | -€1,879 | -13.1% |
| Other amounts payable | 47/48 | €23,748 | €23,660 | -€88 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €2,399 | +€2,057 | +601% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €76,819 | €134,287 | +€57,468 | +74.8% |
| Operating profit (loss) | 9901 | €76,093 | €131,501 | +€55,408 | +72.8% |
| Financial income | 75/76B | €193 | €2,828 | +€2,636 | +1,367% |
| Recurring financial income | 75 | €193 | €2,828 | +€2,636 | +1,367% |
| Financial charges | 65/66B | €857 | €4,767 | +€3,910 | +456% |
| Recurring financial charges | 65 | €857 | €4,767 | +€3,910 | +456% |
| Profit (loss) for the period before taxes | 9903 | €75,429 | €129,562 | +€54,133 | +71.8% |
| Income taxes | 67/77 | €14,388 | €43,236 | +€28,848 | +201% |
| Profit (loss) for the period | 9904 | €61,041 | €86,327 | +€25,285 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,041 | €86,327 | +€25,285 | +41.4% |
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 14 October 2026 via checked.be.