RETRO VERSO: 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.
RETRO VERSO
Largest movements
- Cash +€6,840
up €6,840 (+357.3%), from €1,914 to €8,754
mainly Net result for the year (+€11,546) and Depreciation (+€4,486)
- Tangible fixed assets -€4,486
down €4,486 (-21.7%), from €20,649 to €16,163
- Receivables within one year -€1,668
down €1,668 (-20.3%), from €8,217 to €6,549
- Stocks and contracts +€924
up €924 (+5.2%), from €17,609 to €18,533
- Profit (loss) carried forward +€11,546
up €11,546, from -€7,082 to €4,464
- Trade debts -€10,409
down €10,409 (-96.5%), from €10,787 to €378
- Tax, wage and social debts +€2,979
up €2,979 (+48.2%), from €6,178 to €9,158
of which Taxes: +€3,084
- Other debts -€2,506
down €2,506 (-22.4%), from €11,168 to €8,661
- Staff costs -€5,021
down €5,021 (-99.5%), from €5,047 to €26
- Gross operating margin +€4,408
up €4,408 (+33.7%), from €13,068 to €17,476
- Depreciation +€2,706
up €2,706 (+152.0%), from €1,780 to €4,486
- Other operating charges -€466
down €466 (-61.6%), from €757 to €291
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 | €48,451 | €50,062 | +€1,611 | +3.3% |
| Fixed assets | 21/28 | €20,649 | €16,163 | -€4,486 | -21.7% |
| Tangible fixed assets | 22/27 | €20,649 | €16,163 | -€4,486 | -21.7% |
| Other tangible fixed assets | 26 | €20,649 | €16,163 | -€4,486 | -21.7% |
| Current assets | 29/58 | €27,802 | €33,899 | +€6,097 | +21.9% |
| Stocks and contracts in progress | 3 | €17,609 | €18,533 | +€924 | +5.2% |
| Stocks | 30/36 | €17,609 | €18,533 | +€924 | +5.2% |
| Amounts receivable within one year | 40/41 | €8,217 | €6,549 | -€1,668 | -20.3% |
| Trade receivables | 40 | €8,217 | €6,549 | -€1,668 | -20.3% |
| Cash at bank and in hand | 54/58 | €1,914 | €8,754 | +€6,840 | +357.3% |
| Deferred charges and accrued income | 490/1 | €62 | €62 | +€1 | +0.8% |
| Total equity and liabilities | 10/49 | €48,451 | €50,062 | +€1,611 | +3.3% |
| Equity | 10/15 | €5,318 | €16,864 | +€11,546 | +217.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,082 | €4,464 | +€11,546 | |
| Amounts payable | 17/49 | €43,133 | €33,197 | -€9,935 | -23.0% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,133 | €18,197 | -€9,935 | -35.3% |
| Trade debts | 44 | €10,787 | €378 | -€10,409 | -96.5% |
| Suppliers | 440/4 | €10,787 | €378 | -€10,409 | -96.5% |
| Taxes, remuneration and social security | 45 | €6,178 | €9,158 | +€2,979 | +48.2% |
| Taxes | 450/3 | €6,073 | €9,158 | +€3,084 | +50.8% |
| Remuneration and social security | 454/9 | €105 | - | -€105 | |
| Other amounts payable | 47/48 | €11,168 | €8,661 | -€2,506 | -22.4% |
| Remuneration, social security and pensions | 62 | €5,047 | €26 | -€5,021 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €4,486 | +€2,706 | +152.0% |
| Other operating charges | 640/8 | €757 | €291 | -€466 | -61.6% |
| Non-recurring operating charges | 66A | €421 | - | -€421 | |
| Gross operating margin | 9900 | €13,068 | €17,476 | +€4,408 | +33.7% |
| Operating profit (loss) | 9901 | €5,064 | €12,675 | +€7,611 | +150.3% |
| Financial charges | 65/66B | €1,159 | €1,128 | -€31 | -2.6% |
| Recurring financial charges | 65 | €1,159 | €1,128 | -€31 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €3,905 | €11,546 | +€7,642 | +195.7% |
| Profit (loss) for the period | 9904 | €3,905 | €11,546 | +€7,642 | +195.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,905 | €11,546 | +€7,642 | +195.7% |
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 10 October 2026 via checked.be.