Raw Materials: 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.
Raw Materials
Largest movements
- Deferred charges and accrued income -€524,750
down €524,750 (-92.2%), from €569,356 to €44,606
- Receivables within one year +€499,010
up €499,010 (+59.7%), from €835,497 to €1.3m
of which Trade receivables: +€485,240
- Cash -€303,070
down €303,070 (-43.8%), from €691,851 to €388,781
mainly Receivables within one year (-€499,010) and Accrued charges and deferred income (-€398,536)
- Accrued charges and deferred income -€398,536
no longer reported in 2025 (was €398,536)
- Trade debts +€107,599
up €107,599 (+20.2%), from €531,800 to €639,399
- Other debts -€37,336
down €37,336 (-22.1%), from €168,693 to €131,357
- Profit (loss) carried forward +€37,332
up €37,332 (+3.6%), from €1.0m to €1.1m
- Gross operating margin -€119,165
down €119,165 (-22.9%), from €520,569 to €401,404
- Taxes +€20,211
new in 2025: €20,211
- Staff costs +€18,401
up €18,401 (+6.4%), from €286,537 to €304,938
- Financial income +€7,442
new in 2025: €7,442
of which Non-recurring financial income: +€5,000
- Depreciation +€5,709
up €5,709 (+23.7%), from €24,040 to €29,749
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 | €2,421,172 | €2,117,096 | -€304,076 | -12.6% |
| Fixed assets | 21/28 | €281,821 | €285,952 | +€4,131 | +1.5% |
| Tangible fixed assets | 22/27 | €62,971 | €67,102 | +€4,131 | +6.6% |
| Plant, machinery and equipment | 23 | €38,501 | €41,665 | +€3,164 | +8.2% |
| Furniture and vehicles | 24 | €24,470 | €25,437 | +€967 | +4.0% |
| Financial fixed assets | 28 | €218,850 | €218,850 | = | 0.0% |
| Current assets | 29/58 | €2,139,351 | €1,831,144 | -€308,207 | -14.4% |
| Stocks and contracts in progress | 3 | €42,647 | €43,000 | +€353 | +0.8% |
| Stocks | 30/36 | €42,647 | €43,000 | +€353 | +0.8% |
| Amounts receivable within one year | 40/41 | €835,497 | €1,334,507 | +€499,010 | +59.7% |
| Trade receivables | 40 | €789,953 | €1,275,193 | +€485,240 | +61.4% |
| Other amounts receivable | 41 | €45,544 | €59,314 | +€13,770 | +30.2% |
| Current investments | 50/53 | - | €20,250 | +€20,250 | |
| Cash at bank and in hand | 54/58 | €691,851 | €388,781 | -€303,070 | -43.8% |
| Deferred charges and accrued income | 490/1 | €569,356 | €44,606 | -€524,750 | -92.2% |
| Total equity and liabilities | 10/49 | €2,421,172 | €2,117,096 | -€304,076 | -12.6% |
| Equity | 10/15 | €1,178,010 | €1,215,342 | +€37,332 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,860 | €121,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,037,550 | €1,074,882 | +€37,332 | +3.6% |
| Amounts payable | 17/49 | €1,243,162 | €901,754 | -€341,408 | -27.5% |
| Amounts payable within one year | 42/48 | €844,626 | €901,754 | +€57,128 | +6.8% |
| Trade debts | 44 | €531,800 | €639,399 | +€107,599 | +20.2% |
| Suppliers | 440/4 | €531,800 | €639,399 | +€107,599 | +20.2% |
| Taxes, remuneration and social security | 45 | €144,133 | €130,998 | -€13,135 | -9.1% |
| Taxes | 450/3 | €1,253 | €35,552 | +€34,299 | +2737.4% |
| Remuneration and social security | 454/9 | €142,880 | €95,446 | -€47,434 | -33.2% |
| Other amounts payable | 47/48 | €168,693 | €131,357 | -€37,336 | -22.1% |
| Accrued charges and deferred income | 492/3 | €398,536 | - | -€398,536 | |
| Non-recurring operating income | 76A | - | €24,389 | +€24,389 | |
| Remuneration, social security and pensions | 62 | €286,537 | €304,938 | +€18,401 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,040 | €29,749 | +€5,709 | +23.7% |
| Gross operating margin | 9900 | €520,569 | €401,404 | -€119,165 | -22.9% |
| Operating profit (loss) | 9901 | €209,992 | €66,717 | -€143,275 | -68.2% |
| Financial income | 75/76B | - | €7,442 | +€7,442 | |
| Recurring financial income | 75 | - | €2,442 | +€2,442 | |
| Non-recurring financial income | 76B | - | €5,000 | +€5,000 | |
| Financial charges | 65/66B | €11,622 | €16,616 | +€4,994 | +43.0% |
| Recurring financial charges | 65 | €5,520 | €16,004 | +€10,484 | +189.9% |
| Non-recurring financial charges | 66B | €6,102 | €612 | -€5,490 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €198,370 | €57,543 | -€140,827 | -71.0% |
| Income taxes | 67/77 | - | €20,211 | +€20,211 | |
| Profit (loss) for the period | 9904 | €198,370 | €37,332 | -€161,038 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €198,370 | €37,332 | -€161,038 | -81.2% |
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.