START-DEV: 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.
START-DEV
Largest movements
- Cash +€58,002
up €58,002 (+1,798%), from €3,226 to €61,228
mainly Net result for the year (+€60,883) and Other debts (+€44,308)
- Deferred charges and accrued income +€11,483
up €11,483 (+2,696%), from €426 to €11,909
- Receivables within one year -€6,451
down €6,451 (-35.7%), from €18,067 to €11,616
- Current investments +€5,000
up €5,000 (+89.6%), from €5,581 to €10,581
- Tangible fixed assets -€1,178
down €1,178 (-45.9%), from €2,569 to €1,391
- Other debts +€44,308
up €44,308 (+369%), from €12,023 to €56,331
- Tax, wage and social debts +€13,730
up €13,730 (+228%), from €6,015 to €19,745
of which Taxes: +€12,966
- Profit (loss) carried forward +€8,799
no longer reported in 2025 (was -€8,799)
- Gross operating margin +€76,671
up €76,671, from -€195 to €76,476
- Taxes +€13,429
new in 2025: €13,429
- Other operating charges -€6,500
down €6,500 (-93.5%), from €6,951 to €451
- Financial charges -€4,235
down €4,235 (-88.8%), from €4,770 to €535
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 | €29,869 | €96,725 | +€66,856 | +224% |
| Fixed assets | 21/28 | €2,569 | €1,391 | -€1,178 | -45.9% |
| Tangible fixed assets | 22/27 | €2,569 | €1,391 | -€1,178 | -45.9% |
| Furniture and vehicles | 24 | €2,569 | €1,391 | -€1,178 | -45.9% |
| Current assets | 29/58 | €27,300 | €95,334 | +€68,034 | +249% |
| Amounts receivable within one year | 40/41 | €18,067 | €11,616 | -€6,451 | -35.7% |
| Trade receivables | 40 | €18,067 | €11,616 | -€6,451 | -35.7% |
| Current investments | 50/53 | €5,581 | €10,581 | +€5,000 | +89.6% |
| Cash at bank and in hand | 54/58 | €3,226 | €61,228 | +€58,002 | +1,798% |
| Deferred charges and accrued income | 490/1 | €426 | €11,909 | +€11,483 | +2,696% |
| Total equity and liabilities | 10/49 | €29,869 | €96,725 | +€66,856 | +224% |
| Equity | 10/15 | €9,801 | €18,600 | +€8,799 | +89.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,799 | - | +€8,799 | |
| Amounts payable | 17/49 | €20,068 | €78,125 | +€58,057 | +289% |
| Amounts payable within one year | 42/48 | €19,735 | €77,631 | +€57,896 | +293% |
| Trade debts | 44 | €1,697 | €1,555 | -€142 | -8.4% |
| Suppliers | 440/4 | €1,697 | €1,555 | -€142 | -8.4% |
| Taxes, remuneration and social security | 45 | €6,015 | €19,745 | +€13,730 | +228% |
| Taxes | 450/3 | €6,015 | €18,981 | +€12,966 | +216% |
| Remuneration and social security | 454/9 | - | €764 | +€764 | |
| Other amounts payable | 47/48 | €12,023 | €56,331 | +€44,308 | +369% |
| Accrued charges and deferred income | 492/3 | €333 | €494 | +€161 | +48.3% |
| Non-recurring operating income | 76A | - | €1,238 | +€1,238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | €1,178 | +€212 | +21.9% |
| Other operating charges | 640/8 | €6,951 | €451 | -€6,500 | -93.5% |
| Non-recurring operating charges | 66A | €230 | - | -€230 | |
| Gross operating margin | 9900 | -€195 | €76,476 | +€76,671 | |
| Operating profit (loss) | 9901 | -€8,342 | €74,847 | +€83,189 | |
| Financial charges | 65/66B | €4,770 | €535 | -€4,235 | -88.8% |
| Recurring financial charges | 65 | €4,770 | €535 | -€4,235 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,112 | €74,312 | +€87,424 | |
| Income taxes | 67/77 | - | €13,429 | +€13,429 | |
| Profit (loss) for the period | 9904 | -€13,112 | €60,883 | +€73,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,112 | €60,883 | +€73,995 |
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 30 October 2026 via checked.be.