SMALL VICTORIES: 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.
SMALL VICTORIES
Largest movements
- Cash +€77,191
up €77,191 (+154%), from €50,148 to €127,339
mainly Other debts (+€83,493) and Net result for the year (+€60,449)
- Receivables within one year -€15,753
down €15,753 (-100%), from €15,753 to €0
of which Trade receivables: -€15,234
- Tangible fixed assets -€2,202
down €2,202 (-26.0%), from €8,460 to €6,258
- Other debts +€83,493
up €83,493 (+7,159%), from €1,166 to €84,659
- Reserves -€39,551
down €39,551 (-48.4%), from €81,663 to €42,111
- Tax, wage and social debts +€16,719
up €16,719 (+208%), from €8,054 to €24,773
of which Remuneration and social security: +€11,268
- Gross operating margin +€5,941
up €5,941 (+8.1%), from €73,138 to €79,079
- Taxes +€1,907
up €1,907 (+13.5%), from €14,150 to €16,058
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 | €96,319 | €155,729 | +€59,410 | +61.7% |
| Fixed assets | 21/28 | €8,460 | €6,258 | -€2,202 | -26.0% |
| Tangible fixed assets | 22/27 | €8,460 | €6,258 | -€2,202 | -26.0% |
| Furniture and vehicles | 24 | €8,460 | €6,258 | -€2,202 | -26.0% |
| Current assets | 29/58 | €87,859 | €149,470 | +€61,612 | +70.1% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,753 | €0 | -€15,753 | -100% |
| Trade receivables | 40 | €15,234 | €0 | -€15,234 | -100% |
| Other amounts receivable | 41 | €519 | €0 | -€519 | -100% |
| Cash at bank and in hand | 54/58 | €50,148 | €127,339 | +€77,191 | +154% |
| Deferred charges and accrued income | 490/1 | €1,957 | €2,131 | +€174 | +8.9% |
| Total equity and liabilities | 10/49 | €96,319 | €155,729 | +€59,410 | +61.7% |
| Equity | 10/15 | €84,663 | €45,111 | -€39,551 | -46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,663 | €42,111 | -€39,551 | -48.4% |
| Distributable reserves | 133 | €81,663 | €42,111 | -€39,551 | -48.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,656 | €110,617 | +€98,961 | +849% |
| Amounts payable within one year | 42/48 | €11,656 | €110,617 | +€98,961 | +849% |
| Trade debts | 44 | €2,436 | €1,185 | -€1,251 | -51.4% |
| Suppliers | 440/4 | €2,436 | €1,185 | -€1,251 | -51.4% |
| Taxes, remuneration and social security | 45 | €8,054 | €24,773 | +€16,719 | +208% |
| Taxes | 450/3 | €4,072 | €9,523 | +€5,451 | +134% |
| Remuneration and social security | 454/9 | €3,982 | €15,250 | +€11,268 | +283% |
| Other amounts payable | 47/48 | €1,166 | €84,659 | +€83,493 | +7,159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,713 | €2,202 | +€489 | +28.5% |
| Other operating charges | 640/8 | €1,005 | €279 | -€726 | -72.2% |
| Gross operating margin | 9900 | €73,138 | €79,079 | +€5,941 | +8.1% |
| Operating profit (loss) | 9901 | €70,420 | €76,598 | +€6,178 | +8.8% |
| Financial income | 75/76B | €38 | €31 | -€7 | -18.8% |
| Recurring financial income | 75 | €38 | €31 | -€7 | -18.8% |
| Financial charges | 65/66B | €191 | €123 | -€68 | -35.8% |
| Recurring financial charges | 65 | €191 | €123 | -€68 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €70,267 | €76,506 | +€6,239 | +8.9% |
| Income taxes | 67/77 | €14,150 | €16,058 | +€1,907 | +13.5% |
| Profit (loss) for the period | 9904 | €56,117 | €60,449 | +€4,332 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,117 | €60,449 | +€4,332 | +7.7% |
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 17 October 2026 via checked.be.