R.E. @dvisors: 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.
R.E. @dvisors
Largest movements
- Receivables within one year -€17,092
down €17,092 (-95.6%), from €17,874 to €782
of which Other amounts receivable: -€16,158
- Tangible fixed assets +€6,237
up €6,237 (+998.9%), from €624 to €6,862
of which Furniture and vehicles: +€3,340
- Intangible fixed assets +€5,075
new in 2025: €5,075
- Cash +€4,202
up €4,202 (+5352.9%), from €79 to €4,281
mainly Receivables within one year (+€17,092) and Trade debts (+€11,543)
- Deferred charges and accrued income +€4,081
up €4,081 (+371.0%), from €1,100 to €5,181
- Profit (loss) carried forward -€13,365
down €13,365 (-76.8%), from -€17,405 to -€30,769
- Trade debts +€11,543
up €11,543 (+1169.7%), from €987 to €12,530
- Tax, wage and social debts +€5,227
up €5,227 (+240.2%), from €2,176 to €7,403
of which Remuneration and social security: +€7,403
- Other debts -€2,855
down €2,855 (-13.3%), from €21,518 to €18,664
- Accrued charges and deferred income +€1,952
new in 2025: €1,952
- Staff costs +€44,645
new in 2025: €44,645
- Gross operating margin +€7,313
up €7,313 (+28.4%), from €25,781 to €33,093
- Taxes -€2,176
no longer reported in 2025 (was €2,176)
- Depreciation +€937
up €937 (+602.5%), from €156 to €1,093
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 | €19,677 | €22,179 | +€2,503 | +12.7% |
| Fixed assets | 21/28 | €624 | €11,937 | +€11,312 | +1811.6% |
| Intangible fixed assets | 21 | - | €5,075 | +€5,075 | |
| Tangible fixed assets | 22/27 | €624 | €6,862 | +€6,237 | +998.9% |
| Plant, machinery and equipment | 23 | €624 | €3,521 | +€2,897 | +463.9% |
| Furniture and vehicles | 24 | - | €3,340 | +€3,340 | |
| Current assets | 29/58 | €19,052 | €10,243 | -€8,810 | -46.2% |
| Amounts receivable within one year | 40/41 | €17,874 | €782 | -€17,092 | -95.6% |
| Trade receivables | 40 | €1,716 | €782 | -€935 | -54.5% |
| Other amounts receivable | 41 | €16,158 | - | -€16,158 | |
| Cash at bank and in hand | 54/58 | €79 | €4,281 | +€4,202 | +5352.9% |
| Deferred charges and accrued income | 490/1 | €1,100 | €5,181 | +€4,081 | +371.0% |
| Total equity and liabilities | 10/49 | €19,677 | €22,179 | +€2,503 | +12.7% |
| Equity | 10/15 | -€5,005 | -€18,369 | -€13,365 | -267.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,405 | -€30,769 | -€13,365 | -76.8% |
| Amounts payable | 17/49 | €24,681 | €40,549 | +€15,867 | +64.3% |
| Amounts payable within one year | 42/48 | €24,681 | €38,596 | +€13,915 | +56.4% |
| Trade debts | 44 | €987 | €12,530 | +€11,543 | +1169.7% |
| Suppliers | 440/4 | €987 | €12,530 | +€11,543 | +1169.7% |
| Taxes, remuneration and social security | 45 | €2,176 | €7,403 | +€5,227 | +240.2% |
| Taxes | 450/3 | €2,176 | - | -€2,176 | |
| Remuneration and social security | 454/9 | - | €7,403 | +€7,403 | |
| Other amounts payable | 47/48 | €21,518 | €18,664 | -€2,855 | -13.3% |
| Accrued charges and deferred income | 492/3 | - | €1,952 | +€1,952 | |
| Remuneration, social security and pensions | 62 | - | €44,645 | +€44,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €1,093 | +€937 | +602.5% |
| Other operating charges | 640/8 | €740 | €624 | -€116 | -15.6% |
| Gross operating margin | 9900 | €25,781 | €33,093 | +€7,313 | +28.4% |
| Operating profit (loss) | 9901 | €24,885 | -€13,269 | -€38,154 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +3666.7% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +3666.7% |
| Financial charges | 65/66B | €45 | €101 | +€57 | +127.3% |
| Recurring financial charges | 65 | €45 | €101 | +€57 | +127.3% |
| Profit (loss) for the period before taxes | 9903 | €24,840 | -€13,365 | -€38,205 | |
| Income taxes | 67/77 | €2,176 | - | -€2,176 | |
| Profit (loss) for the period | 9904 | €22,665 | -€13,365 | -€36,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,665 | -€13,365 | -€36,029 |
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 29 September 2026 via checked.be.