RULE 11: 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.
RULE 11
Largest movements
- Receivables within one year -€3,404
down €3,404 (-51.3%), from €6,633 to €3,229
of which Other amounts receivable: -€1,984
- Cash -€2,151
down €2,151 (-24.0%), from €8,981 to €6,830
mainly Net result for the year (-€4,605) and Trade debts (-€1,270)
- Profit (loss) carried forward -€4,605
down €4,605 (-28.6%), from -€16,127 to -€20,732
- Trade debts -€1,270
down €1,270 (-72.8%), from €1,744 to €474
- Other debts +€320
up €320 (+1.3%), from €23,798 to €24,117
- Turnover -€46,384
down €46,384 (-80.9%), from €57,317 to €10,934
- Gross operating margin -€30,427
down €30,427, from €27,128 to -€3,298
- Purchases and services -€15,957
down €15,957 (-52.9%), from €30,189 to €14,232
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 | €15,614 | €10,059 | -€5,555 | -35.6% |
| Current assets | 29/58 | €15,614 | €10,059 | -€5,555 | -35.6% |
| Amounts receivable within one year | 40/41 | €6,633 | €3,229 | -€3,404 | -51.3% |
| Trade receivables | 40 | €2,120 | €700 | -€1,420 | -67.0% |
| Other amounts receivable | 41 | €4,513 | €2,529 | -€1,984 | -44.0% |
| Cash at bank and in hand | 54/58 | €8,981 | €6,830 | -€2,151 | -24.0% |
| Total equity and liabilities | 10/49 | €15,614 | €10,059 | -€5,555 | -35.6% |
| Equity | 10/15 | -€9,927 | -€14,532 | -€4,605 | -46.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,127 | -€20,732 | -€4,605 | -28.6% |
| Amounts payable | 17/49 | €25,542 | €24,591 | -€950 | -3.7% |
| Amounts payable within one year | 42/48 | €25,542 | €24,591 | -€950 | -3.7% |
| Trade debts | 44 | €1,744 | €474 | -€1,270 | -72.8% |
| Suppliers | 440/4 | €1,744 | €474 | -€1,270 | -72.8% |
| Other amounts payable | 47/48 | €23,798 | €24,117 | +€320 | +1.3% |
| Turnover | 70 | €57,317 | €10,934 | -€46,384 | -80.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,189 | €14,232 | -€15,957 | -52.9% |
| Other operating charges | 640/8 | €516 | €528 | +€12 | +2.3% |
| Gross operating margin | 9900 | €27,128 | -€3,298 | -€30,427 | |
| Operating profit (loss) | 9901 | €26,612 | -€3,826 | -€30,438 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,278 | €783 | -€495 | -38.7% |
| Recurring financial charges | 65 | €1,278 | €783 | -€495 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €25,334 | -€4,605 | -€29,939 | |
| Profit (loss) for the period | 9904 | €25,334 | -€4,605 | -€29,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,334 | -€4,605 | -€29,939 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.