Reverse Polarity: 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.
Reverse Polarity
Largest movements
- Cash +€57,766
up €57,766 (+380.2%), from €15,194 to €72,960
mainly Net result for the year (+€53,293) and Tax, wage and social debts (+€18,259)
- Receivables within one year +€8,246
up €8,246 (+22.3%), from €36,981 to €45,227
of which Trade receivables: +€16,190
- Profit (loss) carried forward +€53,293
up €53,293 (+69.1%), from €77,119 to €130,412
- Tax, wage and social debts +€18,259
up €18,259 (+331.7%), from €5,505 to €23,764
- Trade debts -€6,414
no longer reported in 2025 (was €6,414)
- Gross operating margin +€29,445
up €29,445 (+75.1%), from €39,222 to €68,667
- Taxes +€12,724
up €12,724 (+787.4%), from €1,616 to €14,340
- Staff costs -€1,722
no longer reported in 2025 (was €1,722)
- Depreciation -€1,510
down €1,510 (-63.3%), from €2,384 to €874
- Other operating charges -€1,053
no longer reported in 2025 (was €1,053)
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 | €155,538 | €220,676 | +€65,138 | +41.9% |
| Fixed assets | 21/28 | €3,363 | €2,489 | -€874 | -26.0% |
| Tangible fixed assets | 22/27 | €3,258 | €2,384 | -€874 | -26.8% |
| Furniture and vehicles | 24 | €3,258 | €2,384 | -€874 | -26.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €152,175 | €218,187 | +€66,012 | +43.4% |
| Amounts receivable within one year | 40/41 | €36,981 | €45,227 | +€8,246 | +22.3% |
| Trade receivables | 40 | €26,281 | €42,471 | +€16,190 | +61.6% |
| Other amounts receivable | 41 | €10,700 | €2,756 | -€7,944 | -74.2% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,194 | €72,960 | +€57,766 | +380.2% |
| Total equity and liabilities | 10/49 | €155,538 | €220,676 | +€65,138 | +41.9% |
| Equity | 10/15 | €143,619 | €196,912 | +€53,293 | +37.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,119 | €130,412 | +€53,293 | +69.1% |
| Amounts payable | 17/49 | €11,919 | €23,764 | +€11,845 | +99.4% |
| Amounts payable within one year | 42/48 | €11,919 | €23,764 | +€11,845 | +99.4% |
| Trade debts | 44 | €6,414 | - | -€6,414 | |
| Suppliers | 440/4 | €6,414 | - | -€6,414 | |
| Taxes, remuneration and social security | 45 | €5,505 | €23,764 | +€18,259 | +331.7% |
| Taxes | 450/3 | €5,505 | €23,764 | +€18,259 | +331.7% |
| Remuneration, social security and pensions | 62 | €1,722 | - | -€1,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,384 | €874 | -€1,510 | -63.3% |
| Other operating charges | 640/8 | €1,053 | - | -€1,053 | |
| Non-recurring operating charges | 66A | €2,438 | - | -€2,438 | |
| Gross operating margin | 9900 | €39,222 | €68,667 | +€29,445 | +75.1% |
| Operating profit (loss) | 9901 | €31,625 | €67,793 | +€36,168 | +114.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €213 | €167 | -€46 | -21.6% |
| Recurring financial charges | 65 | €213 | €167 | -€46 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €31,412 | €67,633 | +€36,221 | +115.3% |
| Income taxes | 67/77 | €1,616 | €14,340 | +€12,724 | +787.4% |
| Profit (loss) for the period | 9904 | €29,796 | €53,293 | +€23,497 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,796 | €53,293 | +€23,497 | +78.9% |
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.