REworking: 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.
REworking
Largest movements
- Cash +€21,587
up €21,587 (+189.6%), from €11,387 to €32,973
mainly Net result for the year (+€10,275) and Receivables within one year (+€9,862)
- Receivables within one year -€9,862
down €9,862 (-44.1%), from €22,378 to €12,515
- Tangible fixed assets -€4,962
down €4,962 (-68.6%), from €7,234 to €2,272
- Deferred charges and accrued income +€2,386
up €2,386 (+134.9%), from €1,769 to €4,155
- Other debts +€8,164
up €8,164 (+1465.4%), from €557 to €8,721
- Accrued charges and deferred income -€4,003
no longer reported in 2025 (was €4,003)
- Tax, wage and social debts +€3,871
up €3,871 (+75.4%), from €5,133 to €9,004
of which Taxes: +€4,521
- Reserves +€2,412
up €2,412 (+10.0%), from €24,153 to €26,566
of which Distributable reserves: +€2,412
- Current portion of long-term debt -€2,116
no longer reported in 2025 (was €2,116)
- Gross operating margin +€13,370
up €13,370 (+135.2%), from €9,890 to €23,260
- Taxes +€4,508
up €4,508 (+235.2%), from €1,917 to €6,425
- Depreciation -€1,013
down €1,013 (-17.0%), from €5,975 to €4,962
- Other operating charges +€359
up €359 (+42.4%), from €846 to €1,206
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 | €45,318 | €54,466 | +€9,148 | +20.2% |
| Fixed assets | 21/28 | €9,784 | €4,822 | -€4,962 | -50.7% |
| Tangible fixed assets | 22/27 | €7,234 | €2,272 | -€4,962 | -68.6% |
| Furniture and vehicles | 24 | €7,234 | €2,272 | -€4,962 | -68.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €35,534 | €49,644 | +€14,110 | +39.7% |
| Amounts receivable within one year | 40/41 | €22,378 | €12,515 | -€9,862 | -44.1% |
| Trade receivables | 40 | €22,378 | €12,515 | -€9,862 | -44.1% |
| Cash at bank and in hand | 54/58 | €11,387 | €32,973 | +€21,587 | +189.6% |
| Deferred charges and accrued income | 490/1 | €1,769 | €4,155 | +€2,386 | +134.9% |
| Total equity and liabilities | 10/49 | €45,318 | €54,466 | +€9,148 | +20.2% |
| Equity | 10/15 | €32,397 | €34,809 | +€2,412 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,153 | €26,566 | +€2,412 | +10.0% |
| 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 | €22,293 | €24,706 | +€2,412 | +10.8% |
| Profit (loss) carried forward | 14 | €2,044 | €2,044 | = | 0.0% |
| Amounts payable | 17/49 | €12,921 | €19,657 | +€6,736 | +52.1% |
| Amounts payable within one year | 42/48 | €8,918 | €19,657 | +€10,739 | +120.4% |
| Current portion of amounts payable after more than one year | 42 | €2,116 | - | -€2,116 | |
| Trade debts | 44 | €1,111 | €1,933 | +€821 | +73.9% |
| Suppliers | 440/4 | €1,111 | €1,933 | +€821 | +73.9% |
| Taxes, remuneration and social security | 45 | €5,133 | €9,004 | +€3,871 | +75.4% |
| Taxes | 450/3 | €2,383 | €6,904 | +€4,521 | +189.7% |
| Remuneration and social security | 454/9 | €2,750 | €2,100 | -€650 | -23.6% |
| Other amounts payable | 47/48 | €557 | €8,721 | +€8,164 | +1465.4% |
| Accrued charges and deferred income | 492/3 | €4,003 | - | -€4,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,975 | €4,962 | -€1,013 | -17.0% |
| Other operating charges | 640/8 | €846 | €1,206 | +€359 | +42.4% |
| Gross operating margin | 9900 | €9,890 | €23,260 | +€13,370 | +135.2% |
| Operating profit (loss) | 9901 | €3,068 | €17,092 | +€14,024 | +457.0% |
| Financial income | 75/76B | €40 | €1 | -€39 | -97.8% |
| Recurring financial income | 75 | €40 | €1 | -€39 | -97.8% |
| Financial charges | 65/66B | €408 | €393 | -€15 | -3.8% |
| Recurring financial charges | 65 | €408 | €393 | -€15 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €2,701 | €16,700 | +€14,000 | +518.4% |
| Income taxes | 67/77 | €1,917 | €6,425 | +€4,508 | +235.2% |
| Profit (loss) for the period | 9904 | €784 | €10,275 | +€9,491 | +1210.5% |
| Profit (loss) for the period to be appropriated | 9905 | €784 | €10,275 | +€9,491 | +1210.5% |
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 1 October 2026 via checked.be.