Scale: 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.
Scale
Largest movements
- Tangible fixed assets +€395,343
up €395,343 (+103.5%), from €382,152 to €777,495
of which Leasing and similar rights: +€288,996
- Cash +€294,920
up €294,920 (+311.2%), from €94,756 to €389,676
mainly Trade debts (+€760,500) and Debts after one year (+€667,004)
- Receivables within one year -€288,954
down €288,954 (-6.6%), from €4.4m to €4.1m
of which Trade receivables: -€263,770
- Current investments +€271,978
new in 2025: €271,978
- Trade debts +€760,500
up €760,500 (+111.9%), from €679,730 to €1.4m
- Other debts -€723,901
down €723,901 (-42.9%), from €1.7m to €963,658
- Debts after one year +€667,004
up €667,004 (+55.5%), from €1.2m to €1.9m
- Current portion of long-term debt +€144,427
up €144,427 (+139.7%), from €103,413 to €247,839
- Tax, wage and social debts -€114,206
down €114,206 (-44.5%), from €256,664 to €142,459
of which Taxes: -€118,938
- Other operating charges +€441,818
up €441,818 (+1286.4%), from €34,345 to €476,164
- Write-downs +€275,186
up €275,186, from -€56,230 to €218,956
- Gross operating margin -€149,592
down €149,592 (-4.7%), from €3.2m to €3.0m
- Depreciation +€88,100
up €88,100 (+63.2%), from €139,430 to €227,530
- Staff costs -€73,343
down €73,343 (-3.7%), from €2.0m to €1.9m
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 | €5,121,937 | €5,796,362 | +€674,425 | +13.2% |
| Fixed assets | 21/28 | €467,347 | €848,414 | +€381,066 | +81.5% |
| Intangible fixed assets | 21 | €63,156 | €48,880 | -€14,277 | -22.6% |
| Tangible fixed assets | 22/27 | €382,152 | €777,495 | +€395,343 | +103.5% |
| Plant, machinery and equipment | 23 | €27,269 | €35,163 | +€7,894 | +28.9% |
| Furniture and vehicles | 24 | €30,175 | €35,389 | +€5,214 | +17.3% |
| Leasing and similar rights | 25 | €248,449 | €537,445 | +€288,996 | +116.3% |
| Other tangible fixed assets | 26 | €76,260 | €169,498 | +€93,238 | +122.3% |
| Financial fixed assets | 28 | €22,039 | €22,039 | = | 0.0% |
| Current assets | 29/58 | €4,654,590 | €4,947,948 | +€293,359 | +6.3% |
| Amounts receivable within one year | 40/41 | €4,358,146 | €4,069,192 | -€288,954 | -6.6% |
| Trade receivables | 40 | €4,115,952 | €3,852,182 | -€263,770 | -6.4% |
| Other amounts receivable | 41 | €242,194 | €217,010 | -€25,184 | -10.4% |
| Current investments | 50/53 | - | €271,978 | +€271,978 | |
| Cash at bank and in hand | 54/58 | €94,756 | €389,676 | +€294,920 | +311.2% |
| Deferred charges and accrued income | 490/1 | €201,687 | €217,103 | +€15,416 | +7.6% |
| Total equity and liabilities | 10/49 | €5,121,937 | €5,796,362 | +€674,425 | +13.2% |
| Equity | 10/15 | €1,192,484 | €1,133,086 | -€59,398 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,173,884 | €1,114,486 | -€59,398 | -5.1% |
| Non-distributable reserves | 130/1 | €1,860 | €273,838 | +€271,978 | +14622.5% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €271,978 | +€271,978 | |
| Tax-exempt reserves | 132 | €40,733 | €40,733 | = | 0.0% |
| Distributable reserves | 133 | €1,131,291 | €799,915 | -€331,376 | -29.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,929,453 | €4,663,276 | +€733,823 | +18.7% |
| Amounts payable after more than one year | 17 | €1,201,496 | €1,868,499 | +€667,004 | +55.5% |
| Financial debts | 170/4 | €1,201,496 | €1,868,499 | +€667,004 | +55.5% |
| Amounts payable within one year | 42/48 | €2,727,366 | €2,794,186 | +€66,820 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €103,413 | €247,839 | +€144,427 | +139.7% |
| Trade debts | 44 | €679,730 | €1,440,230 | +€760,500 | +111.9% |
| Suppliers | 440/4 | €679,730 | €1,440,230 | +€760,500 | +111.9% |
| Taxes, remuneration and social security | 45 | €256,664 | €142,459 | -€114,206 | -44.5% |
| Taxes | 450/3 | €118,938 | €0 | -€118,938 | -100.0% |
| Remuneration and social security | 454/9 | €137,726 | €142,459 | +€4,732 | +3.4% |
| Other amounts payable | 47/48 | €1,687,559 | €963,658 | -€723,901 | -42.9% |
| Accrued charges and deferred income | 492/3 | €591 | €591 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,958,404 | €1,885,061 | -€73,343 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,430 | €227,530 | +€88,100 | +63.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,230 | €218,956 | +€275,186 | |
| Other operating charges | 640/8 | €34,345 | €476,164 | +€441,818 | +1286.4% |
| Non-recurring operating charges | 66A | €500 | €0 | -€500 | -100.0% |
| Gross operating margin | 9900 | €3,189,377 | €3,039,785 | -€149,592 | -4.7% |
| Operating profit (loss) | 9901 | €1,112,928 | €232,074 | -€880,854 | -79.1% |
| Financial income | 75/76B | €2,608 | €4,422 | +€1,814 | +69.6% |
| Recurring financial income | 75 | €2,608 | €4,422 | +€1,814 | +69.6% |
| Financial charges | 65/66B | €69,725 | €136,949 | +€67,223 | +96.4% |
| Recurring financial charges | 65 | €69,725 | €136,949 | +€67,223 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €1,045,811 | €99,548 | -€946,263 | -90.5% |
| Income taxes | 67/77 | €73,252 | €73,739 | +€487 | +0.7% |
| Profit (loss) for the period | 9904 | €972,559 | €25,809 | -€946,750 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €972,559 | €25,809 | -€946,750 | -97.3% |
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 7 October 2026 via checked.be.