Sourced: 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.
Sourced
Largest movements
- Cash +€14,057
up €14,057 (+170.8%), from €8,231 to €22,288
mainly Net result for the year (+€30,544) and Other debts (+€12,075)
- Receivables within one year -€7,802
down €7,802 (-13.0%), from €60,003 to €52,201
of which Other amounts receivable: -€6,582
- Tangible fixed assets +€2,634
up €2,634 (+58.5%), from €4,505 to €7,139
- Other debts +€12,075
up €12,075 (+87.0%), from €13,888 to €25,963
- Reserves -€6,228
down €6,228 (-21.7%), from €28,662 to €22,435
of which Distributable reserves: -€6,228
- Debts after one year +€3,675
new in 2025: €3,675
- Accrued charges and deferred income +€1,982
new in 2025: €1,982
- Short-term financial debts -€1,682
down €1,682 (-25.1%), from €6,698 to €5,016
- Gross operating margin +€15,381
up €15,381 (+56.7%), from €27,150 to €42,531
- Taxes +€3,744
up €3,744 (+81.5%), from €4,593 to €8,337
- Other operating charges -€2,882
down €2,882 (-69.4%), from €4,153 to €1,271
- Depreciation -€808
down €808 (-21.3%), from €3,800 to €2,992
- Financial income -€612
down €612 (-20.2%), from €3,033 to €2,420
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 | €75,374 | €84,454 | +€9,080 | +12.0% |
| Fixed assets | 21/28 | €6,555 | €9,189 | +€2,634 | +40.2% |
| Tangible fixed assets | 22/27 | €4,505 | €7,139 | +€2,634 | +58.5% |
| Furniture and vehicles | 24 | €4,505 | €7,139 | +€2,634 | +58.5% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €68,819 | €75,265 | +€6,446 | +9.4% |
| Amounts receivable within one year | 40/41 | €60,003 | €52,201 | -€7,802 | -13.0% |
| Trade receivables | 40 | €14,000 | €12,780 | -€1,220 | -8.7% |
| Other amounts receivable | 41 | €46,003 | €39,421 | -€6,582 | -14.3% |
| Cash at bank and in hand | 54/58 | €8,231 | €22,288 | +€14,057 | +170.8% |
| Deferred charges and accrued income | 490/1 | €586 | €776 | +€190 | +32.5% |
| Total equity and liabilities | 10/49 | €75,374 | €84,454 | +€9,080 | +12.0% |
| Equity | 10/15 | €34,862 | €28,635 | -€6,228 | -17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,662 | €22,435 | -€6,228 | -21.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €28,662 | €22,435 | -€6,228 | -21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,512 | €55,820 | +€15,308 | +37.8% |
| Amounts payable after more than one year | 17 | - | €3,675 | +€3,675 | |
| Financial debts | 170/4 | - | €3,675 | +€3,675 | |
| Amounts payable within one year | 42/48 | €40,512 | €50,163 | +€9,651 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,258 | +€1,258 | |
| Financial debts | 43 | €6,698 | €5,016 | -€1,682 | -25.1% |
| Credit institutions | 430/8 | €6,698 | €5,016 | -€1,682 | -25.1% |
| Trade debts | 44 | €3,831 | €2,873 | -€958 | -25.0% |
| Suppliers | 440/4 | €3,831 | €2,873 | -€958 | -25.0% |
| Taxes, remuneration and social security | 45 | €16,095 | €15,053 | -€1,042 | -6.5% |
| Taxes | 450/3 | €16,095 | €15,053 | -€1,042 | -6.5% |
| Other amounts payable | 47/48 | €13,888 | €25,963 | +€12,075 | +87.0% |
| Accrued charges and deferred income | 492/3 | - | €1,982 | +€1,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €2,992 | -€808 | -21.3% |
| Other operating charges | 640/8 | €4,153 | €1,271 | -€2,882 | -69.4% |
| Gross operating margin | 9900 | €27,150 | €42,531 | +€15,381 | +56.7% |
| Operating profit (loss) | 9901 | €19,197 | €38,267 | +€19,071 | +99.3% |
| Financial income | 75/76B | €3,033 | €2,420 | -€612 | -20.2% |
| Recurring financial income | 75 | €3,033 | €2,420 | -€612 | -20.2% |
| Financial charges | 65/66B | €1,298 | €1,807 | +€509 | +39.2% |
| Recurring financial charges | 65 | €1,298 | €1,807 | +€509 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €20,931 | €38,881 | +€17,950 | +85.8% |
| Income taxes | 67/77 | €4,593 | €8,337 | +€3,744 | +81.5% |
| Profit (loss) for the period | 9904 | €16,338 | €30,544 | +€14,206 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,338 | €30,544 | +€14,206 | +87.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.