TB2: what changed
Two fiscal 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.
TB2
Largest movements
- Cash -€44,660
down €44,660 (-64.5%), from €69,231 to €24,572
mainly Net result for the year (-€128,917) and Investment in fixed assets (net) (-€80,623)
- Receivables within one year -€32,943
down €32,943 (-95.3%), from €34,562 to €1,620
of which Trade receivables: -€18,696
- Profit (loss) carried forward -€128,917
down €128,917 (-180.3%), from -€71,510 to -€200,427
- Other debts +€109,858
up €109,858 (+72.9%), from €150,668 to €260,526
- Current portion of long-term debt -€49,902
no longer reported in 2025 (was €49,902)
- Trade debts -€27,324
down €27,324 (-55.4%), from €49,328 to €22,004
- Tax, wage and social debts +€12,414
up €12,414 (+128.0%), from €9,700 to €22,114
of which Taxes: +€8,822
- Gross operating margin +€121,892
up €121,892, from -€133 to €121,759
- Staff costs +€100,164
up €100,164 (+212.7%), from €47,095 to €147,259
- Depreciation +€55,628
up €55,628 (+209.6%), from €26,537 to €82,165
- Financial charges +€13,385
up €13,385 (+175.5%), from €7,627 to €21,012
- Financial income -€10,000
down €10,000 (-100.0%), from €10,000 to €0
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 | €624,111 | €541,954 | -€82,156 | -13.2% |
| Fixed assets | 21/28 | €506,471 | €504,929 | -€1,542 | -0.3% |
| Intangible fixed assets | 21 | €10,464 | €9,086 | -€1,378 | -13.2% |
| Tangible fixed assets | 22/27 | €496,007 | €495,843 | -€164 | 0.0% |
| Land and buildings | 22 | €300,442 | €324,662 | +€24,221 | +8.1% |
| Plant, machinery and equipment | 23 | €161,967 | €140,574 | -€21,393 | -13.2% |
| Furniture and vehicles | 24 | €33,598 | €30,606 | -€2,992 | -8.9% |
| Current assets | 29/58 | €117,640 | €37,025 | -€80,614 | -68.5% |
| Stocks and contracts in progress | 3 | €6,634 | €5,394 | -€1,240 | -18.7% |
| Stocks | 30/36 | €6,634 | €5,394 | -€1,240 | -18.7% |
| Amounts receivable within one year | 40/41 | €34,562 | €1,620 | -€32,943 | -95.3% |
| Trade receivables | 40 | €18,696 | - | -€18,696 | |
| Other amounts receivable | 41 | €15,866 | €1,620 | -€14,246 | -89.8% |
| Cash at bank and in hand | 54/58 | €69,231 | €24,572 | -€44,660 | -64.5% |
| Deferred charges and accrued income | 490/1 | €7,212 | €5,440 | -€1,772 | -24.6% |
| Total equity and liabilities | 10/49 | €624,111 | €541,954 | -€82,156 | -13.2% |
| Equity | 10/15 | €28,490 | -€100,427 | -€128,917 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,510 | -€200,427 | -€128,917 | -180.3% |
| Amounts payable | 17/49 | €595,620 | €642,381 | +€46,761 | +7.9% |
| Amounts payable after more than one year | 17 | €336,022 | €336,022 | = | 0.0% |
| Financial debts | 170/4 | €336,022 | €336,022 | = | 0.0% |
| Amounts payable within one year | 42/48 | €259,598 | €306,360 | +€46,761 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €49,902 | - | -€49,902 | |
| Trade debts | 44 | €49,328 | €22,004 | -€27,324 | -55.4% |
| Suppliers | 440/4 | €49,328 | €22,004 | -€27,324 | -55.4% |
| Advances received on contracts in progress | 46 | - | €1,715 | +€1,715 | |
| Taxes, remuneration and social security | 45 | €9,700 | €22,114 | +€12,414 | +128.0% |
| Taxes | 450/3 | €2,640 | €11,462 | +€8,822 | +334.2% |
| Remuneration and social security | 454/9 | €7,060 | €10,652 | +€3,591 | +50.9% |
| Other amounts payable | 47/48 | €150,668 | €260,526 | +€109,858 | +72.9% |
| Remuneration, social security and pensions | 62 | €47,095 | €147,259 | +€100,164 | +212.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,537 | €82,165 | +€55,628 | +209.6% |
| Other operating charges | 640/8 | €118 | €240 | +€122 | +103.4% |
| Gross operating margin | 9900 | -€133 | €121,759 | +€121,892 | |
| Operating profit (loss) | 9901 | -€73,883 | -€107,905 | -€34,023 | -46.0% |
| Financial income | 75/76B | €10,000 | €0 | -€10,000 | -100.0% |
| Recurring financial income | 75 | €10,000 | €0 | -€10,000 | -100.0% |
| Financial charges | 65/66B | €7,627 | €21,012 | +€13,385 | +175.5% |
| Recurring financial charges | 65 | €7,627 | €21,012 | +€13,385 | +175.5% |
| Profit (loss) for the period before taxes | 9903 | -€71,510 | -€128,917 | -€57,408 | -80.3% |
| Profit (loss) for the period | 9904 | -€71,510 | -€128,917 | -€57,408 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,510 | -€128,917 | -€57,408 | -80.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.