RESCRIPT: 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.
RESCRIPT
Largest movements
- Cash -€162,026
down €162,026 (-65.8%), from €246,253 to €84,227
mainly Contributions, distributions and other (-€241,000) and Investment in fixed assets (net) (-€90,444)
- Financial fixed assets +€90,000
up €90,000 (+81.8%), from €110,000 to €200,000
- Receivables within one year -€9,680
down €9,680 (-100.0%), from €9,680 to €0
- Reserves -€190,213
down €190,213 (-82.1%), from €231,764 to €41,551
- Debts after one year +€56,210
new in 2025: €56,210
- Other debts +€55,161
up €55,161 (+104.6%), from €52,752 to €107,914
- Tax, wage and social debts -€11,860
down €11,860 (-43.4%), from €27,355 to €15,495
- Current portion of long-term debt +€9,262
new in 2025: €9,262
- Gross operating margin -€23,626
down €23,626 (-24.4%), from €96,821 to €73,195
- Taxes -€4,872
down €4,872 (-21.6%), from €22,600 to €17,727
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 | €367,524 | €285,688 | -€81,836 | -22.3% |
| Fixed assets | 21/28 | €111,591 | €201,461 | +€89,870 | +80.5% |
| Tangible fixed assets | 22/27 | €1,591 | €1,461 | -€130 | -8.2% |
| Furniture and vehicles | 24 | €1,591 | €1,461 | -€130 | -8.2% |
| Financial fixed assets | 28 | €110,000 | €200,000 | +€90,000 | +81.8% |
| Current assets | 29/58 | €255,933 | €84,227 | -€171,706 | -67.1% |
| Amounts receivable within one year | 40/41 | €9,680 | €0 | -€9,680 | -100.0% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100.0% |
| Cash at bank and in hand | 54/58 | €246,253 | €84,227 | -€162,026 | -65.8% |
| Total equity and liabilities | 10/49 | €367,524 | €285,688 | -€81,836 | -22.3% |
| Equity | 10/15 | €281,764 | €91,551 | -€190,213 | -67.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €231,764 | €41,551 | -€190,213 | -82.1% |
| Distributable reserves | 133 | €231,764 | €41,551 | -€190,213 | -82.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,760 | €194,137 | +€108,377 | +126.4% |
| Amounts payable after more than one year | 17 | - | €56,210 | +€56,210 | |
| Financial debts | 170/4 | - | €56,210 | +€56,210 | |
| Amounts payable within one year | 42/48 | €85,543 | €137,329 | +€51,786 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,262 | +€9,262 | |
| Trade debts | 44 | €5,436 | €4,658 | -€777 | -14.3% |
| Suppliers | 440/4 | €5,436 | €4,658 | -€777 | -14.3% |
| Taxes, remuneration and social security | 45 | €27,355 | €15,495 | -€11,860 | -43.4% |
| Taxes | 450/3 | €27,355 | €15,495 | -€11,860 | -43.4% |
| Other amounts payable | 47/48 | €52,752 | €107,914 | +€55,161 | +104.6% |
| Accrued charges and deferred income | 492/3 | €217 | €597 | +€380 | +175.2% |
| Non-recurring operating income | 76A | - | €444 | +€444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €573 | -€237 | -29.2% |
| Other operating charges | 640/8 | €562 | €507 | -€55 | -9.8% |
| Gross operating margin | 9900 | €96,821 | €73,195 | -€23,626 | -24.4% |
| Operating profit (loss) | 9901 | €95,449 | €72,114 | -€23,335 | -24.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,502 | €3,599 | +€98 | +2.8% |
| Recurring financial charges | 65 | €3,502 | €3,599 | +€98 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €91,947 | €68,515 | -€23,432 | -25.5% |
| Income taxes | 67/77 | €22,600 | €17,727 | -€4,872 | -21.6% |
| Profit (loss) for the period | 9904 | €69,347 | €50,787 | -€18,560 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,347 | €50,787 | -€18,560 | -26.8% |
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 4 October 2026 via checked.be.