Rediscover: 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.
Rediscover
Largest movements
- Financial fixed assets +€2.1m
up €2.1m (+61.0%), from €3.4m to €5.4m
- Contributions +€1.0m
up €1.0m (+62.3%), from €1.6m to €2.7m
- Debts after one year +€832,286
up €832,286 (+46.8%), from €1.8m to €2.6m
- Current portion of long-term debt +€110,000
up €110,000 (+128%), from €85,714 to €195,714
- Profit (loss) carried forward +€105,718
up €105,718, from -€2,808 to €102,910
- Gross operating margin +€135,086
up €135,086 (+114%), from €118,745 to €253,831
- Taxes +€27,637
new in 2025: €27,637
- Financial charges -€16,529
down €16,529 (-13.7%), from €120,530 to €104,001
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 | €3,593,492 | €5,686,387 | +€2.1m | +58.2% |
| Fixed assets | 21/28 | €3,360,287 | €5,410,287 | +€2.1m | +61.0% |
| Financial fixed assets | 28 | €3,360,287 | €5,410,287 | +€2.1m | +61.0% |
| Current assets | 29/58 | €233,205 | €276,100 | +€42,895 | +18.4% |
| Amounts receivable within one year | 40/41 | €165,750 | €160,625 | -€5,125 | -3.1% |
| Trade receivables | 40 | €70,750 | €65,625 | -€5,125 | -7.2% |
| Other amounts receivable | 41 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,455 | €115,475 | +€48,020 | +71.2% |
| Total equity and liabilities | 10/49 | €3,593,492 | €5,686,387 | +€2.1m | +58.2% |
| Equity | 10/15 | €1,637,192 | €2,764,910 | +€1.1m | +68.9% |
| Contributions | 10/11 | €1,640,000 | €2,662,000 | +€1.0m | +62.3% |
| Capital | 10 | €1,640,000 | €2,662,000 | +€1.0m | +62.3% |
| Issued capital | 100 | €1,640,000 | €2,662,000 | +€1.0m | +62.3% |
| Profit (loss) carried forward | 14 | -€2,808 | €102,910 | +€105,718 | |
| Amounts payable | 17/49 | €1,956,300 | €2,921,477 | +€965,177 | +49.3% |
| Amounts payable after more than one year | 17 | €1,778,571 | €2,610,857 | +€832,286 | +46.8% |
| Financial debts | 170/4 | €1,778,571 | €2,610,857 | +€832,286 | +46.8% |
| Amounts payable within one year | 42/48 | €147,354 | €263,785 | +€116,431 | +79.0% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €195,714 | +€110,000 | +128% |
| Trade debts | 44 | €59,910 | €25,019 | -€34,891 | -58.2% |
| Suppliers | 440/4 | €59,910 | €25,019 | -€34,891 | -58.2% |
| Taxes, remuneration and social security | 45 | €1,730 | €43,051 | +€41,322 | +2,389% |
| Taxes | 450/3 | €1,730 | €43,051 | +€41,322 | +2,389% |
| Accrued charges and deferred income | 492/3 | €30,375 | €46,835 | +€16,460 | +54.2% |
| Other operating charges | 640/8 | €1,023 | €601 | -€422 | -41.2% |
| Non-recurring operating charges | 66A | - | €15,874 | +€15,874 | |
| Gross operating margin | 9900 | €118,745 | €253,831 | +€135,086 | +114% |
| Operating profit (loss) | 9901 | €117,722 | €237,356 | +€119,633 | +102% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €120,530 | €104,001 | -€16,529 | -13.7% |
| Recurring financial charges | 65 | €120,530 | €104,001 | -€16,529 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,808 | €133,355 | +€136,163 | |
| Income taxes | 67/77 | - | €27,637 | +€27,637 | |
| Profit (loss) for the period | 9904 | -€2,808 | €105,718 | +€108,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,808 | €105,718 | +€108,526 |
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 16 October 2026 via checked.be.