SO MUCH: 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.
SO MUCH
Largest movements
- Receivables within one year +€59,269
up €59,269 (+65.4%), from €90,586 to €149,855
of which Trade receivables: +€49,187
- Tangible fixed assets +€4,523
up €4,523 (+1986.2%), from €228 to €4,751
- Cash +€4,331
up €4,331 (+4.0%), from €108,516 to €112,847
mainly Trade debts (+€65,086) and Deferred charges and accrued income (+€1,991)
- Trade debts +€65,086
up €65,086 (+78.9%), from €82,531 to €147,616
- Gross operating margin -€32,541
down €32,541 (-74.4%), from €43,717 to €11,176
- Staff costs -€13,603
down €13,603 (-54.9%), from €24,776 to €11,173
- Taxes -€3,854
down €3,854 (-88.9%), from €4,336 to €482
- Financial income +€2,511
up €2,511 (+1862.7%), from €135 to €2,646
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 | €205,249 | €271,380 | +€66,132 | +32.2% |
| Fixed assets | 21/28 | €3,426 | €7,949 | +€4,523 | +132.0% |
| Tangible fixed assets | 22/27 | €228 | €4,751 | +€4,523 | +1986.2% |
| Furniture and vehicles | 24 | €228 | €4,751 | +€4,523 | +1986.2% |
| Financial fixed assets | 28 | €3,198 | €3,198 | = | 0.0% |
| Current assets | 29/58 | €201,823 | €263,432 | +€61,609 | +30.5% |
| Amounts receivable within one year | 40/41 | €90,586 | €149,855 | +€59,269 | +65.4% |
| Trade receivables | 40 | €78,815 | €128,002 | +€49,187 | +62.4% |
| Other amounts receivable | 41 | €11,771 | €21,853 | +€10,081 | +85.6% |
| Cash at bank and in hand | 54/58 | €108,516 | €112,847 | +€4,331 | +4.0% |
| Deferred charges and accrued income | 490/1 | €2,721 | €730 | -€1,991 | -73.2% |
| Total equity and liabilities | 10/49 | €205,249 | €271,380 | +€66,132 | +32.2% |
| Equity | 10/15 | €120,617 | €121,963 | +€1,346 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,557 | €113,903 | +€1,346 | +1.2% |
| Amounts payable | 17/49 | €84,631 | €149,417 | +€64,786 | +76.6% |
| Amounts payable within one year | 42/48 | €84,631 | €149,417 | +€64,786 | +76.6% |
| Trade debts | 44 | €82,531 | €147,616 | +€65,086 | +78.9% |
| Suppliers | 440/4 | €82,531 | €147,616 | +€65,086 | +78.9% |
| Taxes, remuneration and social security | 45 | €2,061 | €1,751 | -€309 | -15.0% |
| Taxes | 450/3 | €859 | €101 | -€758 | -88.2% |
| Remuneration and social security | 454/9 | €1,201 | €1,650 | +€449 | +37.4% |
| Other amounts payable | 47/48 | €40 | €50 | +€10 | +24.2% |
| Remuneration, social security and pensions | 62 | €24,776 | €11,173 | -€13,603 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565 | €732 | +€167 | +29.5% |
| Gross operating margin | 9900 | €43,717 | €11,176 | -€32,541 | -74.4% |
| Operating profit (loss) | 9901 | €18,376 | -€728 | -€19,104 | |
| Financial income | 75/76B | €135 | €2,646 | +€2,511 | +1862.7% |
| Recurring financial income | 75 | €135 | €2,646 | +€2,511 | +1862.7% |
| Financial charges | 65/66B | €58 | €90 | +€32 | +54.5% |
| Recurring financial charges | 65 | €58 | €90 | +€32 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €18,453 | €1,827 | -€16,625 | -90.1% |
| Income taxes | 67/77 | €4,336 | €482 | -€3,854 | -88.9% |
| Profit (loss) for the period | 9904 | €14,117 | €1,346 | -€12,771 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,117 | €1,346 | -€12,771 | -90.5% |
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 1 October 2026 via checked.be.