STATIC: 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.
STATIC
Largest movements
- Receivables within one year -€83,053
down €83,053 (-37.3%), from €222,715 to €139,661
of which Trade receivables: -€79,460
- Cash +€62,702
up €62,702 (+73.5%), from €85,301 to €148,003
mainly Other debts (+€393,997) and Receivables within one year (+€83,053)
- Tangible fixed assets +€8,347
up €8,347 (+12.0%), from €69,425 to €77,772
of which Other tangible fixed assets: +€27,098
- Other debts +€393,997
up €393,997 (+7,167%), from €5,497 to €399,494
- Reserves -€367,248
down €367,248 (-75.8%), from €484,626 to €117,379
of which Distributable reserves: -€367,248
- Trade debts -€32,511
down €32,511 (-51.3%), from €63,338 to €30,827
- Gross operating margin -€11,995
down €11,995 (-16.7%), from €71,768 to €59,773
- Other operating charges -€8,814
down €8,814 (-77.5%), from €11,381 to €2,566
- Financial income +€5,027
up €5,027 (+161%), from €3,128 to €8,155
- Write-downs +€4,236
up €4,236, from -€4,236 to €0
- Taxes +€1,311
up €1,311 (+10.3%), from €12,757 to €14,068
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 | €583,966 | €575,717 | -€8,248 | -1.4% |
| Fixed assets | 21/28 | €70,805 | €77,772 | +€6,967 | +9.8% |
| Tangible fixed assets | 22/27 | €69,425 | €77,772 | +€8,347 | +12.0% |
| Plant, machinery and equipment | 23 | €0 | €1,548 | +€1,548 | |
| Furniture and vehicles | 24 | €69,425 | €49,125 | -€20,300 | -29.2% |
| Other tangible fixed assets | 26 | - | €27,098 | +€27,098 | |
| Financial fixed assets | 28 | €1,380 | €0 | -€1,380 | -100% |
| Current assets | 29/58 | €513,161 | €497,946 | -€15,215 | -3.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €222,715 | €139,661 | -€83,053 | -37.3% |
| Trade receivables | 40 | €200,393 | €120,933 | -€79,460 | -39.7% |
| Other amounts receivable | 41 | €22,321 | €18,728 | -€3,593 | -16.1% |
| Cash at bank and in hand | 54/58 | €85,301 | €148,003 | +€62,702 | +73.5% |
| Deferred charges and accrued income | 490/1 | €5,146 | €10,282 | +€5,136 | +99.8% |
| Total equity and liabilities | 10/49 | €583,966 | €575,717 | -€8,248 | -1.4% |
| Equity | 10/15 | €509,626 | €142,379 | -€367,248 | -72.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €484,626 | €117,379 | -€367,248 | -75.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €484,626 | €117,379 | -€367,248 | -75.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €74,339 | €433,339 | +€358,999 | +483% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €72,038 | €433,339 | +€361,300 | +502% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €63,338 | €30,827 | -€32,511 | -51.3% |
| Suppliers | 440/4 | €63,338 | €30,827 | -€32,511 | -51.3% |
| Taxes, remuneration and social security | 45 | €3,203 | €3,017 | -€186 | -5.8% |
| Taxes | 450/3 | €3,203 | €3,017 | -€186 | -5.8% |
| Other amounts payable | 47/48 | €5,497 | €399,494 | +€393,997 | +7,167% |
| Accrued charges and deferred income | 492/3 | €2,301 | €0 | -€2,301 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,942 | €23,440 | -€502 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,236 | €0 | +€4,236 | |
| Other operating charges | 640/8 | €11,381 | €2,566 | -€8,814 | -77.5% |
| Gross operating margin | 9900 | €71,768 | €59,773 | -€11,995 | -16.7% |
| Operating profit (loss) | 9901 | €40,682 | €33,767 | -€6,914 | -17.0% |
| Financial income | 75/76B | €3,128 | €8,155 | +€5,027 | +161% |
| Recurring financial income | 75 | €3,128 | €8,155 | +€5,027 | +161% |
| Financial charges | 65/66B | €1,341 | €530 | -€811 | -60.5% |
| Recurring financial charges | 65 | €1,341 | €530 | -€811 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €42,469 | €41,392 | -€1,077 | -2.5% |
| Income taxes | 67/77 | €12,757 | €14,068 | +€1,311 | +10.3% |
| Profit (loss) for the period | 9904 | €29,712 | €27,324 | -€2,388 | -8.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €29,712 | €27,324 | -€2,388 | -8.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.