S & A: 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 & A
Largest movements
- Cash +€120,690
up €120,690 (+3040.2%), from €3,970 to €124,660
mainly Investment in fixed assets (net) (+€81,876) and Other debts (+€35,256)
- Tangible fixed assets -€100,558
down €100,558 (-45.7%), from €220,034 to €119,476
of which Furniture and vehicles: -€96,651
- Receivables within one year +€3,455
up €3,455 (+16.8%), from €20,578 to €24,033
of which Trade receivables: +€4,460
- Other debts +€35,256
up €35,256 (+86.2%), from €40,910 to €76,166
- Trade debts -€8,753
down €8,753 (-25.6%), from €34,212 to €25,458
- Profit (loss) carried forward -€5,266
down €5,266 (-17.6%), from -€29,856 to -€35,122
- Tax, wage and social debts +€4,338
up €4,338 (+56.5%), from €7,684 to €12,023
of which Remuneration and social security: +€2,695
- Gross operating margin +€45,568
up €45,568 (+46.1%), from €98,755 to €144,323
- Financial charges +€26,741
up €26,741 (+6621.0%), from €404 to €27,145
- Depreciation -€6,719
down €6,719 (-26.5%), from €25,401 to €18,682
- Staff costs +€5,465
up €5,465 (+11.2%), from €48,775 to €54,240
- Other operating charges -€3,618
down €3,618 (-33.8%), from €10,695 to €7,077
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 | €267,140 | €290,727 | +€23,587 | +8.8% |
| Fixed assets | 21/28 | €220,234 | €119,676 | -€100,558 | -45.7% |
| Tangible fixed assets | 22/27 | €220,034 | €119,476 | -€100,558 | -45.7% |
| Land and buildings | 22 | €102,589 | €99,490 | -€3,100 | -3.0% |
| Plant, machinery and equipment | 23 | - | €1,000 | +€1,000 | |
| Furniture and vehicles | 24 | €115,638 | €18,987 | -€96,651 | -83.6% |
| Leasing and similar rights | 25 | €1,807 | €0 | -€1,807 | -100.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €46,906 | €171,051 | +€124,145 | +264.7% |
| Stocks and contracts in progress | 3 | €22,358 | €22,358 | = | 0.0% |
| Stocks | 30/36 | €22,358 | €22,358 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,578 | €24,033 | +€3,455 | +16.8% |
| Trade receivables | 40 | €19,204 | €23,664 | +€4,460 | +23.2% |
| Other amounts receivable | 41 | €1,374 | €369 | -€1,005 | -73.2% |
| Cash at bank and in hand | 54/58 | €3,970 | €124,660 | +€120,690 | +3040.2% |
| Total equity and liabilities | 10/49 | €267,140 | €290,727 | +€23,587 | +8.8% |
| Equity | 10/15 | €80,712 | €75,446 | -€5,266 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,368 | €104,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €773 | €773 | = | 0.0% |
| Distributable reserves | 133 | €101,735 | €101,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,856 | -€35,122 | -€5,266 | -17.6% |
| Amounts payable | 17/49 | €186,428 | €215,282 | +€28,854 | +15.5% |
| Amounts payable within one year | 42/48 | €186,428 | €215,282 | +€28,854 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €1,974 | €0 | -€1,974 | -100.0% |
| Financial debts | 43 | €101,647 | €101,634 | -€13 | 0.0% |
| Credit institutions | 430/8 | €13 | €0 | -€13 | -100.0% |
| Other loans | 439 | €101,634 | €101,634 | = | 0.0% |
| Trade debts | 44 | €34,212 | €25,458 | -€8,753 | -25.6% |
| Suppliers | 440/4 | €34,212 | €25,458 | -€8,753 | -25.6% |
| Taxes, remuneration and social security | 45 | €7,684 | €12,023 | +€4,338 | +56.5% |
| Taxes | 450/3 | €2,119 | €3,762 | +€1,644 | +77.6% |
| Remuneration and social security | 454/9 | €5,566 | €8,260 | +€2,695 | +48.4% |
| Other amounts payable | 47/48 | €40,910 | €76,166 | +€35,256 | +86.2% |
| Non-recurring operating income | 76A | €15,447 | €0 | -€15,447 | -100.0% |
| Remuneration, social security and pensions | 62 | €48,775 | €54,240 | +€5,465 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,401 | €18,682 | -€6,719 | -26.5% |
| Other operating charges | 640/8 | €10,695 | €7,077 | -€3,618 | -33.8% |
| Non-recurring operating charges | 66A | - | €41,876 | +€41,876 | |
| Gross operating margin | 9900 | €98,755 | €144,323 | +€45,568 | +46.1% |
| Operating profit (loss) | 9901 | €13,884 | €22,448 | +€8,564 | +61.7% |
| Financial income | 75/76B | €0 | €19 | +€19 | +64833.3% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +64833.3% |
| Financial charges | 65/66B | €404 | €27,145 | +€26,741 | +6621.0% |
| Recurring financial charges | 65 | €404 | €27,145 | +€26,741 | +6621.0% |
| Profit (loss) for the period before taxes | 9903 | €13,480 | -€4,677 | -€18,157 | |
| Income taxes | 67/77 | €1,769 | €590 | -€1,179 | -66.7% |
| Profit (loss) for the period | 9904 | €11,712 | -€5,266 | -€16,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,712 | -€5,266 | -€16,978 |
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 8 October 2026 via checked.be.