RC: 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.
RC
Largest movements
- Deferred charges and accrued income -€20,686
down €20,686 (-91.2%), from €22,686 to €2,000
- Tangible fixed assets +€5,749
up €5,749 (+58.0%), from €9,918 to €15,667
of which Other tangible fixed assets: +€8,995
- Receivables within one year -€1,604
down €1,604 (-6.0%), from €26,896 to €25,292
of which Trade receivables: -€1,593
- Cash +€1,195
up €1,195 (+78.0%), from €1,533 to €2,729
mainly Deferred charges and accrued income (+€20,686) and Depreciation (+€6,966)
- Trade debts -€8,563
down €8,563 (-98.8%), from €8,668 to €106
- Other debts -€7,338
down €7,338 (-36.6%), from €20,034 to €12,696
- Reserves +€4,795
up €4,795 (+7.8%), from €61,870 to €66,665
of which Distributable reserves: +€4,795
- Current portion of long-term debt -€4,218
no longer reported in 2025 (was €4,218)
- Depreciation +€966
up €966 (+16.1%), from €6,000 to €6,966
- Gross operating margin -€414
down €414 (-1.1%), from €36,443 to €36,029
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 | €63,580 | €48,235 | -€15,345 | -24.1% |
| Fixed assets | 21/28 | €12,464 | €18,214 | +€5,749 | +46.1% |
| Tangible fixed assets | 22/27 | €9,918 | €15,667 | +€5,749 | +58.0% |
| Furniture and vehicles | 24 | €9,918 | €6,673 | -€3,245 | -32.7% |
| Other tangible fixed assets | 26 | - | €8,995 | +€8,995 | |
| Financial fixed assets | 28 | €2,546 | €2,546 | = | 0.0% |
| Current assets | 29/58 | €51,115 | €30,021 | -€21,094 | -41.3% |
| Amounts receivable within one year | 40/41 | €26,896 | €25,292 | -€1,604 | -6.0% |
| Trade receivables | 40 | €25,885 | €24,292 | -€1,593 | -6.2% |
| Other amounts receivable | 41 | €1,011 | €1,000 | -€10 | -1.0% |
| Cash at bank and in hand | 54/58 | €1,533 | €2,729 | +€1,195 | +78.0% |
| Deferred charges and accrued income | 490/1 | €22,686 | €2,000 | -€20,686 | -91.2% |
| Total equity and liabilities | 10/49 | €63,580 | €48,235 | -€15,345 | -24.1% |
| Equity | 10/15 | €27,126 | €31,923 | +€4,797 | +17.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €61,870 | €66,665 | +€4,795 | +7.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €55,670 | €60,465 | +€4,795 | +8.6% |
| Profit (loss) carried forward | 14 | -€96,744 | -€96,742 | +€2 | 0.0% |
| Amounts payable | 17/49 | €36,454 | €16,312 | -€20,142 | -55.3% |
| Amounts payable within one year | 42/48 | €35,987 | €15,860 | -€20,128 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €4,218 | - | -€4,218 | |
| Trade debts | 44 | €8,668 | €106 | -€8,563 | -98.8% |
| Suppliers | 440/4 | €8,668 | €106 | -€8,563 | -98.8% |
| Taxes, remuneration and social security | 45 | €3,067 | €3,058 | -€9 | -0.3% |
| Taxes | 450/3 | €3,067 | €3,058 | -€9 | -0.3% |
| Other amounts payable | 47/48 | €20,034 | €12,696 | -€7,338 | -36.6% |
| Accrued charges and deferred income | 492/3 | €467 | €452 | -€15 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,966 | +€966 | +16.1% |
| Other operating charges | 640/8 | €630 | €812 | +€182 | +28.8% |
| Gross operating margin | 9900 | €36,443 | €36,029 | -€414 | -1.1% |
| Operating profit (loss) | 9901 | €29,813 | €28,251 | -€1,562 | -5.2% |
| Financial income | 75/76B | €15 | €26 | +€11 | +73.9% |
| Recurring financial income | 75 | €15 | €26 | +€11 | +73.9% |
| Financial charges | 65/66B | €23,140 | €22,998 | -€142 | -0.6% |
| Recurring financial charges | 65 | €454 | €312 | -€142 | -31.2% |
| Non-recurring financial charges | 66B | €22,686 | €22,686 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,688 | €5,279 | -€1,409 | -21.1% |
| Income taxes | 67/77 | €609 | €481 | -€128 | -21.0% |
| Profit (loss) for the period | 9904 | €6,079 | €4,797 | -€1,281 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,079 | €4,797 | -€1,281 | -21.1% |
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.