RIGHTS'UP: 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.
RIGHTS'UP
Largest movements
- Cash +€194,439
up €194,439 (+23.2%), from €839,535 to €1.0m
mainly Net result for the year (+€167,532) and Trade debts (+€162,808)
- Receivables within one year -€66,616
down €66,616 (-15.8%), from €422,468 to €355,852
of which Trade receivables: -€47,943
- Tangible fixed assets +€34,697
up €34,697 (+209%), from €16,563 to €51,259
of which Furniture and vehicles: +€36,800
- Profit (loss) carried forward +€167,532
up €167,532 (+8.0%), from -€2.1m to -€1.9m
- Trade debts +€162,808
up €162,808 (+21.3%), from €765,774 to €928,582
- Other debts -€136,783
down €136,783 (-16.1%), from €848,544 to €711,761
- Tax, wage and social debts -€17,924
down €17,924 (-12.9%), from €138,884 to €120,960
of which Remuneration and social security: -€13,455
- Gross operating margin +€415,324
up €415,324 (+82.8%), from €501,373 to €916,697
- Depreciation -€54,597
down €54,597 (-34.8%), from €157,094 to €102,496
- Staff costs +€53,636
up €53,636 (+9.7%), from €551,962 to €605,599
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.
Derived cash bridge
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 | €1,612,276 | €1,787,909 | +€175,633 | +10.9% |
| Fixed assets | 21/28 | €240,633 | €291,386 | +€50,753 | +21.1% |
| Intangible fixed assets | 21 | €220,795 | €236,852 | +€16,057 | +7.3% |
| Tangible fixed assets | 22/27 | €16,563 | €51,259 | +€34,697 | +209% |
| Plant, machinery and equipment | 23 | €810 | €348 | -€462 | -57.0% |
| Furniture and vehicles | 24 | €13,931 | €50,731 | +€36,800 | +264% |
| Leasing and similar rights | 25 | €1,821 | €180 | -€1,641 | -90.1% |
| Financial fixed assets | 28 | €3,275 | €3,275 | = | 0.0% |
| Current assets | 29/58 | €1,371,643 | €1,496,523 | +€124,880 | +9.1% |
| Amounts receivable after more than one year | 29 | €90,491 | €96,069 | +€5,578 | +6.2% |
| Trade receivables | 290 | €90,491 | €96,069 | +€5,578 | +6.2% |
| Amounts receivable within one year | 40/41 | €422,468 | €355,852 | -€66,616 | -15.8% |
| Trade receivables | 40 | €268,454 | €220,511 | -€47,943 | -17.9% |
| Other amounts receivable | 41 | €154,014 | €135,341 | -€18,673 | -12.1% |
| Cash at bank and in hand | 54/58 | €839,535 | €1,033,974 | +€194,439 | +23.2% |
| Deferred charges and accrued income | 490/1 | €19,149 | €10,628 | -€8,521 | -44.5% |
| Total equity and liabilities | 10/49 | €1,612,276 | €1,787,909 | +€175,633 | +10.9% |
| Equity | 10/15 | -€140,927 | €26,606 | +€167,532 | |
| Contributions | 10/11 | €1,956,200 | €1,956,200 | = | 0.0% |
| Contributions outside capital | 11 | €1,956,200 | €1,956,200 | = | 0.0% |
| Other | 1109/19 | €1,956,200 | €1,956,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,097,127 | -€1,929,594 | +€167,532 | +8.0% |
| Amounts payable | 17/49 | €1,753,202 | €1,761,303 | +€8,101 | +0.5% |
| Amounts payable within one year | 42/48 | €1,753,202 | €1,761,303 | +€8,101 | +0.5% |
| Trade debts | 44 | €765,774 | €928,582 | +€162,808 | +21.3% |
| Suppliers | 440/4 | €765,774 | €928,582 | +€162,808 | +21.3% |
| Taxes, remuneration and social security | 45 | €138,884 | €120,960 | -€17,924 | -12.9% |
| Taxes | 450/3 | €57,427 | €52,957 | -€4,470 | -7.8% |
| Remuneration and social security | 454/9 | €81,458 | €68,003 | -€13,455 | -16.5% |
| Other amounts payable | 47/48 | €848,544 | €711,761 | -€136,783 | -16.1% |
| Remuneration, social security and pensions | 62 | €551,962 | €605,599 | +€53,636 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,094 | €102,496 | -€54,597 | -34.8% |
| Other operating charges | 640/8 | €12,577 | €16,690 | +€4,113 | +32.7% |
| Non-recurring operating charges | 66A | €5,603 | €4,240 | -€1,363 | -24.3% |
| Gross operating margin | 9900 | €501,373 | €916,697 | +€415,324 | +82.8% |
| Operating profit (loss) | 9901 | -€225,863 | €187,673 | +€413,536 | |
| Financial income | 75/76B | €6,502 | €6,835 | +€333 | +5.1% |
| Recurring financial income | 75 | €6,502 | €6,835 | +€333 | +5.1% |
| Financial charges | 65/66B | €20,340 | €26,924 | +€6,584 | +32.4% |
| Recurring financial charges | 65 | €20,340 | €26,924 | +€6,584 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | -€239,701 | €167,583 | +€407,284 | |
| Income taxes | 67/77 | €198 | €51 | -€147 | -74.2% |
| Profit (loss) for the period | 9904 | -€239,899 | €167,532 | +€407,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€239,899 | €167,532 | +€407,431 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.