S-LUTION: 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-LUTION
Largest movements
- Cash -€63,613
down €63,613 (-74.3%), from €85,581 to €21,968
mainly Receivables within one year (-€34,301) and Investment in fixed assets (net) (-€25,305)
- Receivables within one year +€34,301
up €34,301 (+961.4%), from €3,568 to €37,869
of which Trade receivables: +€37,375
- Tangible fixed assets +€15,202
up €15,202 (+27.6%), from €55,091 to €70,293
of which Furniture and vehicles: +€9,465
- Deferred charges and accrued income -€1,821
down €1,821 (-50.1%), from €3,632 to €1,811
- Tax, wage and social debts -€12,927
down €12,927 (-90.9%), from €14,218 to €1,291
of which Taxes: -€12,927
- Debts after one year -€8,032
down €8,032 (-69.9%), from €11,485 to €3,453
- Other debts +€5,669
up €5,669 (+171785.8%), from €3 to €5,672
- Reserves -€2,049
down €2,049 (-1.9%), from €108,863 to €106,814
- Gross operating margin -€71,591
down €71,591 (-87.3%), from €81,997 to €10,406
- Taxes -€14,779
down €14,779 (-97.3%), from €15,184 to €405
- Depreciation -€1,559
down €1,559 (-13.4%), from €11,662 to €10,103
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 | €147,872 | €131,942 | -€15,930 | -10.8% |
| Fixed assets | 21/28 | €55,091 | €70,293 | +€15,202 | +27.6% |
| Tangible fixed assets | 22/27 | €55,091 | €70,293 | +€15,202 | +27.6% |
| Land and buildings | 22 | €28,005 | €32,132 | +€4,128 | +14.7% |
| Plant, machinery and equipment | 23 | - | €1,610 | +€1,610 | |
| Furniture and vehicles | 24 | €27,086 | €36,551 | +€9,465 | +34.9% |
| Current assets | 29/58 | €92,781 | €61,649 | -€31,133 | -33.6% |
| Amounts receivable within one year | 40/41 | €3,568 | €37,869 | +€34,301 | +961.4% |
| Trade receivables | 40 | €297 | €37,672 | +€37,375 | +12574.8% |
| Other amounts receivable | 41 | €3,271 | €197 | -€3,073 | -94.0% |
| Cash at bank and in hand | 54/58 | €85,581 | €21,968 | -€63,613 | -74.3% |
| Deferred charges and accrued income | 490/1 | €3,632 | €1,811 | -€1,821 | -50.1% |
| Total equity and liabilities | 10/49 | €147,872 | €131,942 | -€15,930 | -10.8% |
| Equity | 10/15 | €111,863 | €109,814 | -€2,049 | -1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,863 | €106,814 | -€2,049 | -1.9% |
| Distributable reserves | 133 | €108,863 | €106,814 | -€2,049 | -1.9% |
| Amounts payable | 17/49 | €36,008 | €22,128 | -€13,881 | -38.5% |
| Amounts payable after more than one year | 17 | €11,485 | €3,453 | -€8,032 | -69.9% |
| Financial debts | 170/4 | €11,485 | €3,453 | -€8,032 | -69.9% |
| Amounts payable within one year | 42/48 | €24,517 | €18,675 | -€5,842 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €7,685 | €8,032 | +€348 | +4.5% |
| Trade debts | 44 | €2,611 | €3,679 | +€1,069 | +40.9% |
| Suppliers | 440/4 | €2,611 | €3,679 | +€1,069 | +40.9% |
| Taxes, remuneration and social security | 45 | €14,218 | €1,291 | -€12,927 | -90.9% |
| Taxes | 450/3 | €14,218 | €1,291 | -€12,927 | -90.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3 | €5,672 | +€5,669 | +171785.8% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,662 | €10,103 | -€1,559 | -13.4% |
| Other operating charges | 640/8 | €472 | €1,275 | +€803 | +170.3% |
| Non-recurring operating charges | 66A | €763 | €0 | -€763 | -100.0% |
| Gross operating margin | 9900 | €81,997 | €10,406 | -€71,591 | -87.3% |
| Operating profit (loss) | 9901 | €69,101 | -€972 | -€70,073 | |
| Financial income | 75/76B | €172 | €156 | -€16 | -9.1% |
| Recurring financial income | 75 | €172 | €156 | -€16 | -9.1% |
| Financial charges | 65/66B | €1,081 | €829 | -€252 | -23.3% |
| Recurring financial charges | 65 | €1,081 | €829 | -€252 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €68,192 | -€1,644 | -€69,836 | |
| Income taxes | 67/77 | €15,184 | €405 | -€14,779 | -97.3% |
| Profit (loss) for the period | 9904 | €53,008 | -€2,049 | -€55,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,008 | -€2,049 | -€55,057 |
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.