SECONDS: 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.
SECONDS
Largest movements
- Cash +€19,262
up €19,262 (+413.2%), from €4,662 to €23,924
mainly Net result for the year (+€42,261) and Receivables within one year (+€12,547)
- Receivables within one year -€12,547
down €12,547 (-28.6%), from €43,805 to €31,258
of which Other amounts receivable: -€9,456
- Tangible fixed assets -€7,237
down €7,237 (-28.4%), from €25,520 to €18,283
- Deferred charges and accrued income -€1,316
down €1,316 (-49.9%), from €2,637 to €1,321
- Other debts -€15,528
down €15,528 (-75.1%), from €20,677 to €5,149
- Reserves +€7,838
up €7,838 (+22.8%), from €34,423 to €42,261
of which Distributable reserves: +€7,838
- Tax, wage and social debts +€5,827
up €5,827 (+330.3%), from €1,764 to €7,591
- Gross operating margin +€15,918
up €15,918 (+34.7%), from €45,931 to €61,849
- Depreciation +€3,939
up €3,939 (+119.4%), from €3,298 to €7,237
- Taxes +€2,456
up €2,456 (+26.7%), from €9,192 to €11,648
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 | €76,890 | €74,853 | -€2,038 | -2.6% |
| Fixed assets | 21/28 | €25,520 | €18,283 | -€7,237 | -28.4% |
| Tangible fixed assets | 22/27 | €25,520 | €18,283 | -€7,237 | -28.4% |
| Furniture and vehicles | 24 | €25,520 | €18,283 | -€7,237 | -28.4% |
| Current assets | 29/58 | €51,371 | €56,570 | +€5,199 | +10.1% |
| Amounts receivable after more than one year | 29 | €267 | €67 | -€200 | -75.0% |
| Trade receivables | 290 | €0 | €67 | +€67 | |
| Other amounts receivable | 291 | €267 | - | -€267 | |
| Amounts receivable within one year | 40/41 | €43,805 | €31,258 | -€12,547 | -28.6% |
| Trade receivables | 40 | €30,996 | €27,906 | -€3,091 | -10.0% |
| Other amounts receivable | 41 | €12,808 | €3,352 | -€9,456 | -73.8% |
| Cash at bank and in hand | 54/58 | €4,662 | €23,924 | +€19,262 | +413.2% |
| Deferred charges and accrued income | 490/1 | €2,637 | €1,321 | -€1,316 | -49.9% |
| Total equity and liabilities | 10/49 | €76,890 | €74,853 | -€2,038 | -2.6% |
| Equity | 10/15 | €53,023 | €60,861 | +€7,838 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,423 | €42,261 | +€7,838 | +22.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,423 | €42,261 | +€7,838 | +22.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €23,867 | €13,991 | -€9,876 | -41.4% |
| Amounts payable within one year | 42/48 | €23,867 | €13,991 | -€9,876 | -41.4% |
| Trade debts | 44 | €1,426 | €1,252 | -€174 | -12.2% |
| Suppliers | 440/4 | €1,426 | €1,252 | -€174 | -12.2% |
| Taxes, remuneration and social security | 45 | €1,764 | €7,591 | +€5,827 | +330.3% |
| Taxes | 450/3 | €1,764 | €7,591 | +€5,827 | +330.3% |
| Other amounts payable | 47/48 | €20,677 | €5,149 | -€15,528 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,298 | €7,237 | +€3,939 | +119.4% |
| Other operating charges | 640/8 | €543 | €763 | +€219 | +40.3% |
| Gross operating margin | 9900 | €45,931 | €61,849 | +€15,918 | +34.7% |
| Operating profit (loss) | 9901 | €42,090 | €53,849 | +€11,760 | +27.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €335 | -€60 | -€394 | |
| Recurring financial charges | 65 | €335 | -€60 | -€394 | |
| Profit (loss) for the period before taxes | 9903 | €41,755 | €53,909 | +€12,154 | +29.1% |
| Income taxes | 67/77 | €9,192 | €11,648 | +€2,456 | +26.7% |
| Profit (loss) for the period | 9904 | €32,563 | €42,261 | +€9,698 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,563 | €42,261 | +€9,698 | +29.8% |
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.