SENS AND SOLUTION: 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.
SENSE AND SOLUTION
Largest movements
- Cash -€114,251
down €114,251 (-74.2%), from €153,912 to €39,661
mainly Net result for the year (-€155,566) and Trade debts (-€42,800)
- Tangible fixed assets -€74,145
down €74,145 (-17.1%), from €432,980 to €358,835
of which Plant, machinery and equipment: -€50,756
- Stocks and contracts +€20,105
up €20,105 (+228.8%), from €8,786 to €28,891
- Reserves -€155,566
down €155,566 (-80.3%), from €193,786 to €38,220
- Tax, wage and social debts +€49,235
up €49,235 (+61.0%), from €80,745 to €129,980
of which Remuneration and social security: +€35,879
- Trade debts -€42,800
down €42,800 (-19.2%), from €223,002 to €180,202
- Debts after one year -€27,198
down €27,198 (-14.3%), from €190,247 to €163,049
- Other debts +€12,400
up €12,400 (+58.2%), from €21,320 to €33,720
- Staff costs +€327,139
up €327,139 (+557.4%), from €58,688 to €385,827
- Write-downs -€50,500
no longer reported in 2025 (was €50,500)
- Taxes -€31,969
down €31,969 (-98.3%), from €32,510 to €540
- Gross operating margin +€16,595
up €16,595 (+5.3%), from €315,963 to €332,558
- Depreciation +€10,644
up €10,644 (+14.4%), from €74,073 to €84,718
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 | €777,450 | €601,120 | -€176,330 | -22.7% |
| Fixed assets | 21/28 | €432,980 | €358,835 | -€74,145 | -17.1% |
| Tangible fixed assets | 22/27 | €432,980 | €358,835 | -€74,145 | -17.1% |
| Land and buildings | 22 | €320,585 | €274,091 | -€46,493 | -14.5% |
| Plant, machinery and equipment | 23 | €66,238 | €15,482 | -€50,756 | -76.6% |
| Furniture and vehicles | 24 | €46,157 | €24,642 | -€21,515 | -46.6% |
| Other tangible fixed assets | 26 | - | €44,620 | +€44,620 | |
| Current assets | 29/58 | €344,470 | €242,285 | -€102,185 | -29.7% |
| Stocks and contracts in progress | 3 | €8,786 | €28,891 | +€20,105 | +228.8% |
| Stocks | 30/36 | €8,786 | €28,891 | +€20,105 | +228.8% |
| Amounts receivable within one year | 40/41 | €168,756 | €164,730 | -€4,026 | -2.4% |
| Trade receivables | 40 | €116,764 | €145,914 | +€29,150 | +25.0% |
| Other amounts receivable | 41 | €51,992 | €18,816 | -€33,176 | -63.8% |
| Cash at bank and in hand | 54/58 | €153,912 | €39,661 | -€114,251 | -74.2% |
| Deferred charges and accrued income | 490/1 | €13,016 | €9,003 | -€4,013 | -30.8% |
| Total equity and liabilities | 10/49 | €777,450 | €601,120 | -€176,330 | -22.7% |
| Equity | 10/15 | €218,416 | €62,849 | -€155,566 | -71.2% |
| Contributions | 10/11 | €24,629 | €24,629 | = | 0.0% |
| Reserves | 13 | €193,786 | €38,220 | -€155,566 | -80.3% |
| Distributable reserves | 133 | €193,786 | €38,220 | -€155,566 | -80.3% |
| Amounts payable | 17/49 | €559,034 | €538,270 | -€20,763 | -3.7% |
| Amounts payable after more than one year | 17 | €190,247 | €163,049 | -€27,198 | -14.3% |
| Financial debts | 170/4 | €190,247 | €163,049 | -€27,198 | -14.3% |
| Amounts payable within one year | 42/48 | €362,004 | €371,100 | +€9,096 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €36,938 | €27,198 | -€9,739 | -26.4% |
| Trade debts | 44 | €223,002 | €180,202 | -€42,800 | -19.2% |
| Suppliers | 440/4 | €223,002 | €180,202 | -€42,800 | -19.2% |
| Taxes, remuneration and social security | 45 | €80,745 | €129,980 | +€49,235 | +61.0% |
| Taxes | 450/3 | €55,957 | €69,313 | +€13,356 | +23.9% |
| Remuneration and social security | 454/9 | €24,788 | €60,667 | +€35,879 | +144.7% |
| Other amounts payable | 47/48 | €21,320 | €33,720 | +€12,400 | +58.2% |
| Accrued charges and deferred income | 492/3 | €6,782 | €4,122 | -€2,661 | -39.2% |
| Remuneration, social security and pensions | 62 | €58,688 | €385,827 | +€327,139 | +557.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,073 | €84,718 | +€10,644 | +14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,500 | - | -€50,500 | |
| Other operating charges | 640/8 | €3,157 | €8,887 | +€5,730 | +181.5% |
| Gross operating margin | 9900 | €315,963 | €332,558 | +€16,595 | +5.3% |
| Operating profit (loss) | 9901 | €129,545 | -€146,873 | -€276,418 | |
| Financial income | 75/76B | €8,406 | €1,761 | -€6,645 | -79.1% |
| Recurring financial income | 75 | €8,406 | €1,751 | -€6,655 | -79.2% |
| Non-recurring financial income | 76B | - | €10 | +€10 | |
| Financial charges | 65/66B | €18,166 | €9,913 | -€8,253 | -45.4% |
| Recurring financial charges | 65 | €9,498 | €8,285 | -€1,213 | -12.8% |
| Non-recurring financial charges | 66B | €8,667 | €1,628 | -€7,040 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €119,785 | -€155,026 | -€274,811 | |
| Income taxes | 67/77 | €32,510 | €540 | -€31,969 | -98.3% |
| Profit (loss) for the period | 9904 | €87,275 | -€155,566 | -€242,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,275 | -€155,566 | -€242,842 |
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 2 October 2026 via checked.be.