SEVEN FACETS: what changed
Two financial 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.
SEVEN FACETS
Largest movements
- Stocks and contracts +€896,733
up €896,733 (+173%), from €517,003 to €1.4m
- Receivables within one year -€174,075
down €174,075 (-31.4%), from €553,794 to €379,719
of which Trade receivables: -€162,065
- Cash -€126,126
down €126,126 (-49.2%), from €256,125 to €130,000
mainly Stocks and contracts (-€896,733) and Trade debts (-€90,585)
- Reserves +€698,175
up €698,175 (+65.4%), from €1.1m to €1.8m
of which Distributable reserves: +€700,035
- Trade debts -€90,585
down €90,585 (-45.6%), from €198,538 to €107,953
- Gross operating margin +€673,402
up €673,402 (+623%), from €108,068 to €781,469
- Staff costs +€35,086
up €35,086 (+273%), from €12,870 to €47,956
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.
Derived cash bridge
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 | €1,334,748 | €1,931,329 | +€596,581 | +44.7% |
| Fixed assets | 21/28 | €7,085 | €5,535 | -€1,550 | -21.9% |
| Tangible fixed assets | 22/27 | €7,085 | €5,535 | -€1,550 | -21.9% |
| Plant, machinery and equipment | 23 | €7,085 | €5,535 | -€1,550 | -21.9% |
| Current assets | 29/58 | €1,327,663 | €1,925,794 | +€598,131 | +45.1% |
| Stocks and contracts in progress | 3 | €517,003 | €1,413,736 | +€896,733 | +173% |
| Stocks | 30/36 | €517,003 | €1,413,736 | +€896,733 | +173% |
| Amounts receivable within one year | 40/41 | €553,794 | €379,719 | -€174,075 | -31.4% |
| Trade receivables | 40 | €534,230 | €372,164 | -€162,065 | -30.3% |
| Other amounts receivable | 41 | €19,564 | €7,554 | -€12,010 | -61.4% |
| Cash at bank and in hand | 54/58 | €256,125 | €130,000 | -€126,126 | -49.2% |
| Deferred charges and accrued income | 490/1 | €741 | €2,339 | +€1,598 | +216% |
| Total equity and liabilities | 10/49 | €1,334,748 | €1,931,329 | +€596,581 | +44.7% |
| Equity | 10/15 | €1,086,621 | €1,784,795 | +€698,175 | +64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,068,021 | €1,766,195 | +€698,175 | +65.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,066,161 | €1,766,195 | +€700,035 | +65.7% |
| Amounts payable | 17/49 | €248,127 | €146,534 | -€101,594 | -40.9% |
| Amounts payable within one year | 42/48 | €247,539 | €146,534 | -€101,006 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €8,140 | - | -€8,140 | |
| Trade debts | 44 | €198,538 | €107,953 | -€90,585 | -45.6% |
| Suppliers | 440/4 | €198,538 | €107,953 | -€90,585 | -45.6% |
| Taxes, remuneration and social security | 45 | €37,503 | €38,581 | +€1,078 | +2.9% |
| Taxes | 450/3 | €33,428 | €32,330 | -€1,098 | -3.3% |
| Remuneration and social security | 454/9 | €4,075 | €6,251 | +€2,176 | +53.4% |
| Other amounts payable | 47/48 | €3,358 | - | -€3,358 | |
| Accrued charges and deferred income | 492/3 | €588 | - | -€588 | |
| Remuneration, social security and pensions | 62 | €12,870 | €47,956 | +€35,086 | +273% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665 | €1,550 | +€885 | +133% |
| Other operating charges | 640/8 | €634 | €3,243 | +€2,609 | +412% |
| Gross operating margin | 9900 | €108,068 | €781,469 | +€673,402 | +623% |
| Operating profit (loss) | 9901 | €93,899 | €728,720 | +€634,821 | +676% |
| Financial income | 75/76B | €1,479 | €1,419 | -€60 | -4.1% |
| Recurring financial income | 75 | €1,479 | €1,419 | -€60 | -4.1% |
| Financial charges | 65/66B | €8,896 | €15,659 | +€6,763 | +76.0% |
| Recurring financial charges | 65 | €8,896 | €15,659 | +€6,763 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €86,482 | €714,480 | +€627,998 | +726% |
| Income taxes | 67/77 | €16,370 | €16,305 | -€65 | -0.4% |
| Profit (loss) for the period | 9904 | €70,112 | €698,175 | +€628,063 | +896% |
| Profit (loss) for the period to be appropriated | 9905 | €70,112 | €698,175 | +€628,063 | +896% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.