STRAIGHT TALK: 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.
STRAIGHT TALK
Largest movements
- Receivables within one year +€70,242
up €70,242 (+57.2%), from €122,746 to €192,987
of which Other amounts receivable: +€75,301
- Cash -€55,547
down €55,547 (-65.6%), from €84,631 to €29,084
mainly Receivables within one year (-€70,242) and Debts after one year (-€8,966)
- Reserves +€29,402
up €29,402 (+7.5%), from €392,972 to €422,374
- Debts after one year -€8,966
no longer reported in 2025 (was €8,966)
- Gross operating margin -€49,433
down €49,433 (-50.8%), from €97,261 to €47,828
- Taxes -€11,880
down €11,880 (-42.3%), from €28,113 to €16,233
- Depreciation -€8,974
down €8,974 (-54.6%), from €16,438 to €7,464
- Financial income +€3,733
up €3,733 (+72.1%), from €5,181 to €8,914
- Financial charges -€3,337
down €3,337 (-78.2%), from €4,266 to €928
of which Non-recurring financial charges: -€3,959
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 | €661,212 | €676,356 | +€15,143 | +2.3% |
| Fixed assets | 21/28 | €163,650 | €159,406 | -€4,244 | -2.6% |
| Tangible fixed assets | 22/27 | €163,650 | €159,406 | -€4,244 | -2.6% |
| Land and buildings | 22 | €141,217 | €133,787 | -€7,430 | -5.3% |
| Furniture and vehicles | 24 | €22,433 | €25,619 | +€3,186 | +14.2% |
| Current assets | 29/58 | €497,562 | €516,950 | +€19,387 | +3.9% |
| Amounts receivable after more than one year | 29 | €32,000 | €32,000 | = | 0.0% |
| Other amounts receivable | 291 | €32,000 | €32,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €122,746 | €192,987 | +€70,242 | +57.2% |
| Trade receivables | 40 | €8,000 | €2,940 | -€5,060 | -63.2% |
| Other amounts receivable | 41 | €114,746 | €190,047 | +€75,301 | +65.6% |
| Current investments | 50/53 | €255,076 | €256,250 | +€1,174 | +0.5% |
| Cash at bank and in hand | 54/58 | €84,631 | €29,084 | -€55,547 | -65.6% |
| Deferred charges and accrued income | 490/1 | €3,109 | €6,628 | +€3,519 | +113.2% |
| Total equity and liabilities | 10/49 | €661,212 | €676,356 | +€15,143 | +2.3% |
| Equity | 10/15 | €644,046 | €673,448 | +€29,402 | +4.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €392,972 | €422,374 | +€29,402 | +7.5% |
| Distributable reserves | 133 | €392,972 | €422,374 | +€29,402 | +7.5% |
| Profit (loss) carried forward | 14 | €230,615 | €230,615 | = | 0.0% |
| Amounts payable | 17/49 | €17,166 | €2,907 | -€14,258 | -83.1% |
| Amounts payable after more than one year | 17 | €8,966 | - | -€8,966 | |
| Financial debts | 170/4 | €8,966 | - | -€8,966 | |
| Amounts payable within one year | 42/48 | €8,200 | €2,907 | -€5,293 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €3,679 | - | -€3,679 | |
| Financial debts | 43 | - | €123 | +€123 | |
| Credit institutions | 430/8 | - | €123 | +€123 | |
| Trade debts | 44 | €1,377 | €101 | -€1,277 | -92.7% |
| Suppliers | 440/4 | €1,377 | €101 | -€1,277 | -92.7% |
| Taxes, remuneration and social security | 45 | €3,144 | €2,683 | -€461 | -14.6% |
| Taxes | 450/3 | €3,144 | €2,683 | -€461 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,438 | €7,464 | -€8,974 | -54.6% |
| Other operating charges | 640/8 | €2,622 | €2,715 | +€93 | +3.6% |
| Gross operating margin | 9900 | €97,261 | €47,828 | -€49,433 | -50.8% |
| Operating profit (loss) | 9901 | €78,201 | €37,649 | -€40,552 | -51.9% |
| Financial income | 75/76B | €5,181 | €8,914 | +€3,733 | +72.1% |
| Recurring financial income | 75 | €5,181 | €8,914 | +€3,733 | +72.1% |
| Financial charges | 65/66B | €4,266 | €928 | -€3,337 | -78.2% |
| Recurring financial charges | 65 | €307 | €928 | +€622 | +202.8% |
| Non-recurring financial charges | 66B | €3,959 | - | -€3,959 | |
| Profit (loss) for the period before taxes | 9903 | €79,116 | €45,635 | -€33,482 | -42.3% |
| Income taxes | 67/77 | €28,113 | €16,233 | -€11,880 | -42.3% |
| Profit (loss) for the period | 9904 | €51,003 | €29,402 | -€21,601 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,003 | €29,402 | -€21,601 | -42.4% |
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 9 October 2026 via checked.be.