STUDY TO SUCCESS: 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.
STUDY TO SUCCESS
Largest movements
- Cash -€2,355
down €2,355 (-15.6%), from €15,050 to €12,695
mainly Net result for the year (-€4,781) and Investment in fixed assets (net) (-€3,664)
- Tangible fixed assets +€2,280
up €2,280 (+216%), from €1,055 to €3,334
of which Other tangible fixed assets: +€1,568
- Receivables within one year -€1,219
down €1,219 (-94.8%), from €1,286 to €67
of which Other amounts receivable: -€861
- Deferred charges and accrued income -€241
down €241 (-76.9%), from €313 to €72
- Profit (loss) carried forward -€6,763
down €6,763 (-61.8%), from €10,937 to €4,174
- Trade debts +€4,146
up €4,146 (+1,714%), from €242 to €4,387
- Other debts +€660
up €660 (+18.0%), from €3,659 to €4,319
- Tax, wage and social debts +€423
up €423 (+48.8%), from €866 to €1,289
- Gross operating margin -€7,592
down €7,592 (-72.2%), from €10,515 to €2,923
- Taxes +€2,824
up €2,824 (+763%), from €370 to €3,194
- Other operating charges -€1,245
down €1,245 (-62.7%), from €1,984 to €740
- Depreciation -€277
down €277 (-16.7%), from €1,661 to €1,384
- Financial charges -€263
down €263 (-9.9%), from €2,671 to €2,407
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 | €17,704 | €16,169 | -€1,535 | -8.7% |
| Fixed assets | 21/28 | €1,055 | €3,334 | +€2,280 | +216% |
| Tangible fixed assets | 22/27 | €1,055 | €3,334 | +€2,280 | +216% |
| Furniture and vehicles | 24 | €1,055 | €1,766 | +€712 | +67.5% |
| Other tangible fixed assets | 26 | - | €1,568 | +€1,568 | |
| Current assets | 29/58 | €16,649 | €12,834 | -€3,815 | -22.9% |
| Amounts receivable within one year | 40/41 | €1,286 | €67 | -€1,219 | -94.8% |
| Trade receivables | 40 | €425 | €67 | -€358 | -84.2% |
| Other amounts receivable | 41 | €861 | - | -€861 | |
| Cash at bank and in hand | 54/58 | €15,050 | €12,695 | -€2,355 | -15.6% |
| Deferred charges and accrued income | 490/1 | €313 | €72 | -€241 | -76.9% |
| Total equity and liabilities | 10/49 | €17,704 | €16,169 | -€1,535 | -8.7% |
| Equity | 10/15 | €12,937 | €6,174 | -€6,763 | -52.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,937 | €4,174 | -€6,763 | -61.8% |
| Amounts payable | 17/49 | €4,767 | €9,995 | +€5,228 | +110% |
| Amounts payable within one year | 42/48 | €4,767 | €9,995 | +€5,228 | +110% |
| Trade debts | 44 | €242 | €4,387 | +€4,146 | +1,714% |
| Suppliers | 440/4 | €242 | €4,387 | +€4,146 | +1,714% |
| Taxes, remuneration and social security | 45 | €866 | €1,289 | +€423 | +48.8% |
| Taxes | 450/3 | €866 | €1,289 | +€423 | +48.8% |
| Other amounts payable | 47/48 | €3,659 | €4,319 | +€660 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,661 | €1,384 | -€277 | -16.7% |
| Other operating charges | 640/8 | €1,984 | €740 | -€1,245 | -62.7% |
| Non-recurring operating charges | 66A | €15,194 | - | -€15,194 | |
| Gross operating margin | 9900 | €10,515 | €2,923 | -€7,592 | -72.2% |
| Operating profit (loss) | 9901 | -€8,324 | €799 | +€9,123 | |
| Financial income | 75/76B | €91 | €21 | -€70 | -76.9% |
| Recurring financial income | 75 | €91 | €21 | -€70 | -76.9% |
| Financial charges | 65/66B | €2,671 | €2,407 | -€263 | -9.9% |
| Recurring financial charges | 65 | €2,671 | €2,407 | -€263 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,903 | -€1,587 | +€9,316 | +85.4% |
| Income taxes | 67/77 | €370 | €3,194 | +€2,824 | +763% |
| Profit (loss) for the period | 9904 | -€11,273 | -€4,781 | +€6,492 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,273 | -€4,781 | +€6,492 | +57.6% |
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 16 October 2026 via checked.be.