SYNTHESIS: 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.
SYNTHESIS
Largest movements
- Receivables within one year +€41,604
new in 2025: €41,604
- Tangible fixed assets -€23,157
down €23,157 (-23.6%), from €98,038 to €74,881
- Cash -€1,979
down €1,979 (-62.3%), from €3,177 to €1,198
mainly Receivables within one year (-€41,604) and Tax, wage and social debts (-€4,026)
- Other debts +€16,881
up €16,881 (+66.6%), from €25,335 to €42,215
- Profit (loss) carried forward +€4,648
up €4,648 (+31.4%), from €14,789 to €19,436
- Tax, wage and social debts -€4,026
down €4,026 (-69.8%), from €5,767 to €1,741
- Trade debts -€1,304
down €1,304 (-6.5%), from €20,127 to €18,823
- Gross operating margin -€8,038
down €8,038 (-19.6%), from €41,111 to €33,074
- Taxes -€2,253
down €2,253 (-56.4%), from €3,993 to €1,741
- Financial income +€1,089
up €1,089 (+109%), from €1,002 to €2,091
- Financial charges +€1,047
up €1,047 (+1,058%), from €99 to €1,146
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 | €102,217 | €118,416 | +€16,199 | +15.8% |
| Fixed assets | 21/28 | €98,038 | €74,881 | -€23,157 | -23.6% |
| Tangible fixed assets | 22/27 | €98,038 | €74,881 | -€23,157 | -23.6% |
| Land and buildings | 22 | €98,038 | €74,881 | -€23,157 | -23.6% |
| Current assets | 29/58 | €4,179 | €43,535 | +€39,356 | +942% |
| Amounts receivable within one year | 40/41 | - | €41,604 | +€41,604 | |
| Other amounts receivable | 41 | - | €41,604 | +€41,604 | |
| Cash at bank and in hand | 54/58 | €3,177 | €1,198 | -€1,979 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,002 | €733 | -€268 | -26.8% |
| Total equity and liabilities | 10/49 | €102,217 | €118,416 | +€16,199 | +15.8% |
| Equity | 10/15 | €50,989 | €55,636 | +€4,648 | +9.1% |
| Contributions | 10/11 | €36,200 | €36,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,789 | €19,436 | +€4,648 | +31.4% |
| Amounts payable | 17/49 | €51,228 | €62,780 | +€11,552 | +22.5% |
| Amounts payable within one year | 42/48 | €51,228 | €62,780 | +€11,552 | +22.5% |
| Trade debts | 44 | €20,127 | €18,823 | -€1,304 | -6.5% |
| Suppliers | 440/4 | €20,127 | €18,823 | -€1,304 | -6.5% |
| Taxes, remuneration and social security | 45 | €5,767 | €1,741 | -€4,026 | -69.8% |
| Taxes | 450/3 | €5,767 | €1,741 | -€4,026 | -69.8% |
| Other amounts payable | 47/48 | €25,335 | €42,215 | +€16,881 | +66.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,157 | €23,157 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,720 | €4,473 | -€247 | -5.2% |
| Gross operating margin | 9900 | €41,111 | €33,074 | -€8,038 | -19.6% |
| Operating profit (loss) | 9901 | €13,235 | €5,444 | -€7,791 | -58.9% |
| Financial income | 75/76B | €1,002 | €2,091 | +€1,089 | +109% |
| Recurring financial income | 75 | €1,002 | €2,091 | +€1,089 | +109% |
| Financial charges | 65/66B | €99 | €1,146 | +€1,047 | +1,058% |
| Recurring financial charges | 65 | €99 | €1,146 | +€1,047 | +1,058% |
| Profit (loss) for the period before taxes | 9903 | €14,137 | €6,388 | -€7,749 | -54.8% |
| Income taxes | 67/77 | €3,993 | €1,741 | -€2,253 | -56.4% |
| Profit (loss) for the period | 9904 | €10,144 | €4,648 | -€5,496 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,144 | €4,648 | -€5,496 | -54.2% |
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 19 October 2026 via checked.be.