SPECS: 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.
SPECS
Largest movements
- Receivables after one year -€8,383
down €8,383 (-38.5%), from €21,750 to €13,367
- Tangible fixed assets -€1,044
down €1,044 (-51.2%), from €2,037 to €993
- Receivables within one year +€866
up €866 (+1094.6%), from €79 to €945
of which Trade receivables: +€850
- Cash -€436
down €436 (-34.5%), from €1,264 to €828
mainly Net result for the year (-€7,029) and Other debts (-€2,746)
- Profit (loss) carried forward -€7,029
down €7,029 (-36.9%), from €19,049 to €12,020
- Other debts -€2,746
no longer reported in 2025 (was €2,746)
- Trade debts +€777
up €777 (+93.0%), from €836 to €1,613
- Financial charges -€10,000
down €10,000 (-97.4%), from €10,269 to €269
- Gross operating margin +€2,737
up €2,737 (+32.7%), from -€8,373 to -€5,636
- Depreciation -€802
down €802 (-43.4%), from €1,846 to €1,044
- Financial income -€209
down €209 (-40.5%), from €517 to €308
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 | €25,131 | €16,133 | -€8,998 | -35.8% |
| Fixed assets | 21/28 | €2,037 | €993 | -€1,044 | -51.2% |
| Tangible fixed assets | 22/27 | €2,037 | €993 | -€1,044 | -51.2% |
| Furniture and vehicles | 24 | €2,037 | €993 | -€1,044 | -51.2% |
| Current assets | 29/58 | €23,093 | €15,140 | -€7,953 | -34.4% |
| Amounts receivable after more than one year | 29 | €21,750 | €13,367 | -€8,383 | -38.5% |
| Other amounts receivable | 291 | €21,750 | €13,367 | -€8,383 | -38.5% |
| Amounts receivable within one year | 40/41 | €79 | €945 | +€866 | +1094.6% |
| Trade receivables | 40 | - | €850 | +€850 | |
| Other amounts receivable | 41 | €79 | €95 | +€16 | +20.5% |
| Cash at bank and in hand | 54/58 | €1,264 | €828 | -€436 | -34.5% |
| Total equity and liabilities | 10/49 | €25,131 | €16,133 | -€8,998 | -35.8% |
| Equity | 10/15 | €21,549 | €14,520 | -€7,029 | -32.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,049 | €12,020 | -€7,029 | -36.9% |
| Amounts payable | 17/49 | €3,582 | €1,613 | -€1,969 | -55.0% |
| Amounts payable within one year | 42/48 | €3,582 | €1,613 | -€1,969 | -55.0% |
| Trade debts | 44 | €836 | €1,613 | +€777 | +93.0% |
| Suppliers | 440/4 | €836 | €1,613 | +€777 | +93.0% |
| Other amounts payable | 47/48 | €2,746 | - | -€2,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,846 | €1,044 | -€802 | -43.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€8,373 | -€5,636 | +€2,737 | +32.7% |
| Operating profit (loss) | 9901 | -€10,604 | -€7,067 | +€3,537 | +33.4% |
| Financial income | 75/76B | €517 | €308 | -€209 | -40.5% |
| Recurring financial income | 75 | €517 | €308 | -€209 | -40.5% |
| Financial charges | 65/66B | €10,269 | €269 | -€10,000 | -97.4% |
| Recurring financial charges | 65 | €10,269 | €269 | -€10,000 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,356 | -€7,029 | +€13,327 | +65.5% |
| Profit (loss) for the period | 9904 | -€20,356 | -€7,029 | +€13,327 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,356 | -€7,029 | +€13,327 | +65.5% |
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 7 October 2026 via checked.be.