RELACTIONS: 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.
RELACTIONS
Largest movements
- Receivables within one year -€12,194
down €12,194 (-4.9%), from €250,794 to €238,600
- Reserves -€7,000
down €7,000 (-11.7%), from €59,860 to €52,860
of which Distributable reserves: -€7,000
- Other debts -€5,388
down €5,388 (-26.9%), from €20,000 to €14,612
- Gross operating margin +€4,784
up €4,784 (+219.5%), from €2,180 to €6,964
- Depreciation +€1,700
up €1,700 (+196.0%), from €868 to €2,568
- Taxes -€981
down €981 (-13.3%), from €7,359 to €6,378
- Financial income -€921
down €921 (-14.2%), from €6,478 to €5,557
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 | €297,503 | €283,867 | -€13,636 | -4.6% |
| Fixed assets | 21/28 | €26,054 | €23,486 | -€2,568 | -9.9% |
| Tangible fixed assets | 22/27 | €26,054 | €23,486 | -€2,568 | -9.9% |
| Furniture and vehicles | 24 | €68 | - | -€68 | |
| Other tangible fixed assets | 26 | €25,986 | €23,486 | -€2,500 | -9.6% |
| Current assets | 29/58 | €271,450 | €260,381 | -€11,069 | -4.1% |
| Amounts receivable within one year | 40/41 | €250,794 | €238,600 | -€12,194 | -4.9% |
| Other amounts receivable | 41 | €250,794 | €238,600 | -€12,194 | -4.9% |
| Cash at bank and in hand | 54/58 | €14,252 | €16,298 | +€2,046 | +14.4% |
| Deferred charges and accrued income | 490/1 | €6,404 | €5,483 | -€921 | -14.4% |
| Total equity and liabilities | 10/49 | €297,503 | €283,867 | -€13,636 | -4.6% |
| Equity | 10/15 | €78,199 | €71,290 | -€6,909 | -8.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €59,860 | €52,860 | -€7,000 | -11.7% |
| 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 | €58,000 | €51,000 | -€7,000 | -12.1% |
| Profit (loss) carried forward | 14 | €12,141 | €12,232 | +€91 | +0.8% |
| Provisions and deferred taxes | 16 | €189,874 | €189,874 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €189,874 | €189,874 | = | 0.0% |
| Other liabilities and charges | 164/5 | €189,874 | €189,874 | = | 0.0% |
| Amounts payable | 17/49 | €29,431 | €22,704 | -€6,727 | -22.9% |
| Amounts payable within one year | 42/48 | €29,431 | €22,704 | -€6,727 | -22.9% |
| Trade debts | 44 | €2,131 | €1,791 | -€340 | -15.9% |
| Suppliers | 440/4 | €2,131 | €1,791 | -€340 | -15.9% |
| Taxes, remuneration and social security | 45 | €7,300 | €6,300 | -€1,000 | -13.7% |
| Taxes | 450/3 | €7,300 | €6,300 | -€1,000 | -13.7% |
| Other amounts payable | 47/48 | €20,000 | €14,612 | -€5,388 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868 | €2,568 | +€1,700 | +196.0% |
| Other operating charges | 640/8 | €331 | €365 | +€35 | +10.5% |
| Gross operating margin | 9900 | €2,180 | €6,964 | +€4,784 | +219.5% |
| Operating profit (loss) | 9901 | €981 | €4,031 | +€3,049 | +310.7% |
| Financial income | 75/76B | €6,478 | €5,557 | -€921 | -14.2% |
| Recurring financial income | 75 | €6,478 | €5,557 | -€921 | -14.2% |
| Financial charges | 65/66B | €100 | €118 | +€18 | +18.3% |
| Recurring financial charges | 65 | €100 | €118 | +€18 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €7,360 | €9,469 | +€2,110 | +28.7% |
| Income taxes | 67/77 | €7,359 | €6,378 | -€981 | -13.3% |
| Profit (loss) for the period | 9904 | €1 | €3,091 | +€3,090 | +376873.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1 | €3,091 | +€3,090 | +376873.2% |
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.