The Collective: 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.
The Collective
Largest movements
- Cash -€44,295
down €44,295 (-43.2%), from €102,648 to €58,353
mainly Trade debts (-€22,629) and Other debts (-€20,000)
- Receivables within one year +€4,207
up €4,207 (+12.1%), from €34,834 to €39,041
of which Trade receivables: +€4,791
- Deferred charges and accrued income -€2,509
no longer reported in 2025 (was €2,509)
- Trade debts -€22,629
down €22,629 (-28.4%), from €79,549 to €56,920
- Other debts -€20,000
down €20,000 (-66.7%), from €30,000 to €10,000
- Tax, wage and social debts -€7,560
down €7,560 (-74.1%), from €10,197 to €2,637
- Reserves +€6,635
up €6,635 (+49.7%), from €13,357 to €19,993
- Gross operating margin -€22,082
down €22,082 (-49.1%), from €44,993 to €22,911
- Taxes -€1,434
down €1,434 (-29.6%), from €4,837 to €3,404
- Other operating charges +€961
up €961 (+153%), from €628 to €1,589
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 | €148,103 | €104,549 | -€43,554 | -29.4% |
| Fixed assets | 21/28 | €8,112 | €7,155 | -€957 | -11.8% |
| Tangible fixed assets | 22/27 | €8,112 | €7,155 | -€957 | -11.8% |
| Furniture and vehicles | 24 | €8,112 | €7,155 | -€957 | -11.8% |
| Current assets | 29/58 | €139,991 | €97,394 | -€42,597 | -30.4% |
| Amounts receivable within one year | 40/41 | €34,834 | €39,041 | +€4,207 | +12.1% |
| Trade receivables | 40 | €34,018 | €38,809 | +€4,791 | +14.1% |
| Other amounts receivable | 41 | €815 | €232 | -€584 | -71.6% |
| Cash at bank and in hand | 54/58 | €102,648 | €58,353 | -€44,295 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,509 | - | -€2,509 | |
| Total equity and liabilities | 10/49 | €148,103 | €104,549 | -€43,554 | -29.4% |
| Equity | 10/15 | €28,357 | €34,993 | +€6,635 | +23.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €13,357 | €19,993 | +€6,635 | +49.7% |
| Distributable reserves | 133 | €13,357 | €19,993 | +€6,635 | +49.7% |
| Amounts payable | 17/49 | €119,746 | €69,556 | -€50,189 | -41.9% |
| Amounts payable within one year | 42/48 | €119,746 | €69,556 | -€50,189 | -41.9% |
| Trade debts | 44 | €79,549 | €56,920 | -€22,629 | -28.4% |
| Suppliers | 440/4 | €79,549 | €56,920 | -€22,629 | -28.4% |
| Taxes, remuneration and social security | 45 | €10,197 | €2,637 | -€7,560 | -74.1% |
| Taxes | 450/3 | €10,197 | €2,637 | -€7,560 | -74.1% |
| Other amounts payable | 47/48 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €957 | -€218 | -18.5% |
| Other operating charges | 640/8 | €628 | €1,589 | +€961 | +153% |
| Gross operating margin | 9900 | €44,993 | €22,911 | -€22,082 | -49.1% |
| Operating profit (loss) | 9901 | €43,189 | €20,364 | -€22,825 | -52.8% |
| Financial income | 75/76B | €139 | €18 | -€121 | -86.7% |
| Recurring financial income | 75 | €139 | €18 | -€121 | -86.7% |
| Financial charges | 65/66B | €329 | €343 | +€14 | +4.4% |
| Recurring financial charges | 65 | €329 | €343 | +€14 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €43,000 | €20,039 | -€22,960 | -53.4% |
| Income taxes | 67/77 | €4,837 | €3,404 | -€1,434 | -29.6% |
| Profit (loss) for the period | 9904 | €38,162 | €16,635 | -€21,527 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,162 | €16,635 | -€21,527 | -56.4% |
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 18 October 2026 via checked.be.