Q CONCEPTS: 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.
Q CONCEPTS
Largest movements
- Receivables within one year -€6,864
down €6,864 (-26.9%), from €25,525 to €18,661
of which Trade receivables: -€6,417
- Tangible fixed assets -€2,423
down €2,423 (-14.8%), from €16,382 to €13,959
- Cash -€1,018
down €1,018 (-23.5%), from €4,338 to €3,319
mainly Other debts (-€15,704) and Debts after one year (-€6,228)
- Other debts -€15,704
down €15,704 (-41.9%), from €37,498 to €21,795
- Profit (loss) carried forward +€7,545
up €7,545 (+25.7%), from -€29,358 to -€21,813
- Debts after one year -€6,228
no longer reported in 2025 (was €6,228)
- Tax, wage and social debts +€4,516
up €4,516 (+248.2%), from €1,820 to €6,336
- Trade debts -€779
down €779 (-42.0%), from €1,856 to €1,077
- Gross operating margin -€18,169
down €18,169 (-48.4%), from €37,562 to €19,392
- Taxes -€2,461
down €2,461 (-30.8%), from €7,991 to €5,530
- Financial charges -€978
down €978 (-41.3%), from €2,367 to €1,389
- Financial income -€826
down €826 (-66.7%), from €1,240 to €413
of which Non-recurring financial income: -€826
- Other operating charges -€718
down €718 (-38.5%), from €1,863 to €1,145
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 | €46,244 | €36,000 | -€10,245 | -22.2% |
| Fixed assets | 21/28 | €16,382 | €13,959 | -€2,423 | -14.8% |
| Tangible fixed assets | 22/27 | €16,382 | €13,959 | -€2,423 | -14.8% |
| Furniture and vehicles | 24 | €16,382 | €13,959 | -€2,423 | -14.8% |
| Current assets | 29/58 | €29,863 | €22,041 | -€7,822 | -26.2% |
| Amounts receivable within one year | 40/41 | €25,525 | €18,661 | -€6,864 | -26.9% |
| Trade receivables | 40 | €23,257 | €16,840 | -€6,417 | -27.6% |
| Other amounts receivable | 41 | €2,268 | €1,821 | -€447 | -19.7% |
| Cash at bank and in hand | 54/58 | €4,338 | €3,319 | -€1,018 | -23.5% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €46,244 | €36,000 | -€10,245 | -22.2% |
| Equity | 10/15 | -€8,898 | -€1,353 | +€7,545 | +84.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,358 | -€21,813 | +€7,545 | +25.7% |
| Amounts payable | 17/49 | €55,142 | €37,353 | -€17,790 | -32.3% |
| Amounts payable after more than one year | 17 | €6,228 | - | -€6,228 | |
| Financial debts | 170/4 | €6,228 | - | -€6,228 | |
| Amounts payable within one year | 42/48 | €46,999 | €35,436 | -€11,563 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €5,825 | €6,228 | +€403 | +6.9% |
| Trade debts | 44 | €1,856 | €1,077 | -€779 | -42.0% |
| Suppliers | 440/4 | €1,856 | €1,077 | -€779 | -42.0% |
| Taxes, remuneration and social security | 45 | €1,820 | €6,336 | +€4,516 | +248.2% |
| Taxes | 450/3 | €1,820 | €6,336 | +€4,516 | +248.2% |
| Other amounts payable | 47/48 | €37,498 | €21,795 | -€15,704 | -41.9% |
| Accrued charges and deferred income | 492/3 | €1,916 | €1,917 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,110 | €4,197 | +€88 | +2.1% |
| Other operating charges | 640/8 | €1,863 | €1,145 | -€718 | -38.5% |
| Gross operating margin | 9900 | €37,562 | €19,392 | -€18,169 | -48.4% |
| Operating profit (loss) | 9901 | €31,589 | €14,050 | -€17,539 | -55.5% |
| Financial income | 75/76B | €1,240 | €413 | -€826 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250.0% |
| Non-recurring financial income | 76B | €1,240 | €413 | -€826 | -66.7% |
| Financial charges | 65/66B | €2,367 | €1,389 | -€978 | -41.3% |
| Recurring financial charges | 65 | €2,367 | €1,389 | -€978 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €30,462 | €13,075 | -€17,387 | -57.1% |
| Income taxes | 67/77 | €7,991 | €5,530 | -€2,461 | -30.8% |
| Profit (loss) for the period | 9904 | €22,471 | €7,545 | -€14,926 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,471 | €7,545 | -€14,926 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.