THE AFTER: what changed
THE AFTER
Largest movements
- Receivables within one year +€16,400
up €16,400 (+386%), from €4,252 to €20,652
of which Trade receivables: +€10,326
- Tangible fixed assets -€7,691
down €7,691 (-27.5%), from €27,983 to €20,291
of which Furniture and vehicles: -€7,009
- Cash +€4,078
up €4,078 (+66.9%), from €6,095 to €10,173
mainly Net result for the year (+€21,153) and Depreciation (+€7,691)
- Deferred charges and accrued income -€613
down €613 (-28.9%), from €2,125 to €1,511
- Profit (loss) carried forward +€17,794
up €17,794, from -€17,147 to €648
- Other debts -€6,696
down €6,696 (-66.6%), from €10,055 to €3,359
- Debts after one year -€5,401
down €5,401 (-23.9%), from €22,611 to €17,209
- Tax, wage and social debts +€3,781
up €3,781 (+47.2%), from €8,013 to €11,794
of which Taxes: +€5,281
- Short-term financial debts +€1,441
new in 2025: €1,441
- Gross operating margin +€46,876
up €46,876, from -€11,390 to €35,486
- Depreciation +€5,278
up €5,278 (+219%), from €2,413 to €7,691
- Taxes +€4,405
up €4,405 (+1,995%), from €221 to €4,626
- Other operating charges -€798
down €798 (-55.8%), from €1,429 to €632
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,715 | €52,888 | +€12,173 | +29.9% |
| Fixed assets | 21/28 | €28,243 | €20,551 | -€7,691 | -27.2% |
| Tangible fixed assets | 22/27 | €27,983 | €20,291 | -€7,691 | -27.5% |
| Plant, machinery and equipment | 23 | €1,025 | €342 | -€682 | -66.6% |
| Furniture and vehicles | 24 | €26,958 | €19,949 | -€7,009 | -26.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €12,472 | €32,337 | +€19,864 | +159% |
| Amounts receivable within one year | 40/41 | €4,252 | €20,652 | +€16,400 | +386% |
| Trade receivables | 40 | €4,252 | €14,578 | +€10,326 | +243% |
| Other amounts receivable | 41 | - | €6,074 | +€6,074 | |
| Cash at bank and in hand | 54/58 | €6,095 | €10,173 | +€4,078 | +66.9% |
| Deferred charges and accrued income | 490/1 | €2,125 | €1,511 | -€613 | -28.9% |
| Total equity and liabilities | 10/49 | €40,715 | €52,888 | +€12,173 | +29.9% |
| Equity | 10/15 | -€11,926 | €5,868 | +€17,794 | |
| Contributions | 10/11 | €3,221 | €3,221 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,147 | €648 | +€17,794 | |
| Amounts payable | 17/49 | €52,641 | €47,020 | -€5,621 | -10.7% |
| Amounts payable after more than one year | 17 | €22,611 | €17,209 | -€5,401 | -23.9% |
| Financial debts | 170/4 | €22,611 | €17,209 | -€5,401 | -23.9% |
| Amounts payable within one year | 42/48 | €30,030 | €29,761 | -€269 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €5,164 | €5,401 | +€237 | +4.6% |
| Financial debts | 43 | - | €1,441 | +€1,441 | |
| Credit institutions | 430/8 | - | €1,441 | +€1,441 | |
| Trade debts | 44 | €6,798 | €7,766 | +€968 | +14.2% |
| Suppliers | 440/4 | €6,798 | €7,766 | +€968 | +14.2% |
| Taxes, remuneration and social security | 45 | €8,013 | €11,794 | +€3,781 | +47.2% |
| Taxes | 450/3 | €6,513 | €11,794 | +€5,281 | +81.1% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €10,055 | €3,359 | -€6,696 | -66.6% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €7,691 | +€5,278 | +219% |
| Other operating charges | 640/8 | €1,429 | €632 | -€798 | -55.8% |
| Gross operating margin | 9900 | -€11,390 | €35,486 | +€46,876 | |
| Operating profit (loss) | 9901 | -€15,233 | €27,164 | +€42,396 | |
| Financial income | 75/76B | €4 | €6 | +€2 | +67.6% |
| Recurring financial income | 75 | €4 | €6 | +€2 | +67.6% |
| Financial charges | 65/66B | €1,697 | €1,390 | -€307 | -18.1% |
| Recurring financial charges | 65 | €1,511 | €1,390 | -€120 | -8.0% |
| Non-recurring financial charges | 66B | €186 | - | -€186 | |
| Profit (loss) for the period before taxes | 9903 | -€16,926 | €25,779 | +€42,705 | |
| Income taxes | 67/77 | €221 | €4,626 | +€4,405 | +1,995% |
| Profit (loss) for the period | 9904 | -€17,147 | €21,153 | +€38,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,147 | €21,153 | +€38,300 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.