S.02: 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.
S.02
Largest movements
- Tangible fixed assets +€12,174
up €12,174 (+180.1%), from €6,758 to €18,932
of which Furniture and vehicles: +€10,104
- Cash +€6,636
up €6,636 (+102.3%), from €6,488 to €13,125
mainly Other debts (+€11,798) and Current portion of long-term debt (+€11,594)
- Stocks and contracts -€4,603
down €4,603 (-19.4%), from €23,700 to €19,097
- Receivables within one year +€4,498
up €4,498 (+15.1%), from €29,805 to €34,304
of which Trade receivables: +€7,542
- Deferred charges and accrued income +€1,556
up €1,556 (+110.8%), from €1,405 to €2,961
- Other debts +€11,798
up €11,798 (+176.6%), from €6,679 to €18,477
- Current portion of long-term debt +€11,594
up €11,594 (+172.3%), from €6,729 to €18,323
- Debts after one year +€7,645
new in 2025: €7,645
- Trade debts -€5,858
down €5,858 (-40.9%), from €14,337 to €8,479
- Tax, wage and social debts -€5,177
down €5,177 (-38.6%), from €13,421 to €8,244
of which Taxes: -€2,627
- Depreciation +€4,773
up €4,773 (+326.4%), from €1,462 to €6,235
- Gross operating margin +€1,958
up €1,958 (+13.1%), from €14,940 to €16,898
- Financial income +€1,688
up €1,688 (+6818.6%), from €25 to €1,712
- Financial charges +€1,496
up €1,496 (+319.0%), from €469 to €1,965
- Taxes -€1,409
down €1,409 (-38.4%), from €3,671 to €2,262
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 | €69,402 | €89,409 | +€20,007 | +28.8% |
| Fixed assets | 21/28 | €8,004 | €19,923 | +€11,920 | +148.9% |
| Intangible fixed assets | 21 | €1,246 | €992 | -€254 | -20.4% |
| Tangible fixed assets | 22/27 | €6,758 | €18,932 | +€12,174 | +180.1% |
| Plant, machinery and equipment | 23 | €2,379 | €4,449 | +€2,070 | +87.0% |
| Furniture and vehicles | 24 | €4,379 | €14,483 | +€10,104 | +230.8% |
| Current assets | 29/58 | €61,398 | €69,486 | +€8,088 | +13.2% |
| Stocks and contracts in progress | 3 | €23,700 | €19,097 | -€4,603 | -19.4% |
| Stocks | 30/36 | €23,700 | €19,097 | -€4,603 | -19.4% |
| Amounts receivable within one year | 40/41 | €29,805 | €34,304 | +€4,498 | +15.1% |
| Trade receivables | 40 | €9,763 | €17,305 | +€7,542 | +77.2% |
| Other amounts receivable | 41 | €20,042 | €16,998 | -€3,043 | -15.2% |
| Cash at bank and in hand | 54/58 | €6,488 | €13,125 | +€6,636 | +102.3% |
| Deferred charges and accrued income | 490/1 | €1,405 | €2,961 | +€1,556 | +110.8% |
| Total equity and liabilities | 10/49 | €69,402 | €89,409 | +€20,007 | +28.8% |
| Equity | 10/15 | €28,234 | €28,234 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,194 | €26,194 | = | 0.0% |
| Distributable reserves | 133 | €26,194 | €26,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40 | €40 | = | 0.0% |
| Amounts payable | 17/49 | €41,168 | €61,175 | +€20,007 | +48.6% |
| Amounts payable after more than one year | 17 | - | €7,645 | +€7,645 | |
| Financial debts | 170/4 | - | €7,645 | +€7,645 | |
| Amounts payable within one year | 42/48 | €41,166 | €53,522 | +€12,356 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €6,729 | €18,323 | +€11,594 | +172.3% |
| Trade debts | 44 | €14,337 | €8,479 | -€5,858 | -40.9% |
| Suppliers | 440/4 | €14,337 | €8,479 | -€5,858 | -40.9% |
| Taxes, remuneration and social security | 45 | €13,421 | €8,244 | -€5,177 | -38.6% |
| Taxes | 450/3 | €10,871 | €8,244 | -€2,627 | -24.2% |
| Remuneration and social security | 454/9 | €2,550 | - | -€2,550 | |
| Other amounts payable | 47/48 | €6,679 | €18,477 | +€11,798 | +176.6% |
| Accrued charges and deferred income | 492/3 | €2 | €8 | +€6 | +312.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,462 | €6,235 | +€4,773 | +326.4% |
| Other operating charges | 640/8 | €318 | €1,084 | +€766 | +240.8% |
| Gross operating margin | 9900 | €14,940 | €16,898 | +€1,958 | +13.1% |
| Operating profit (loss) | 9901 | €13,160 | €9,579 | -€3,580 | -27.2% |
| Financial income | 75/76B | €25 | €1,712 | +€1,688 | +6818.6% |
| Recurring financial income | 75 | €25 | €1,712 | +€1,688 | +6818.6% |
| Financial charges | 65/66B | €469 | €1,965 | +€1,496 | +319.0% |
| Recurring financial charges | 65 | €469 | €1,965 | +€1,496 | +319.0% |
| Profit (loss) for the period before taxes | 9903 | €12,715 | €9,327 | -€3,389 | -26.7% |
| Income taxes | 67/77 | €3,671 | €2,262 | -€1,409 | -38.4% |
| Profit (loss) for the period | 9904 | €9,045 | €7,065 | -€1,980 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,045 | €7,065 | -€1,980 | -21.9% |
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.