THE COMPANY: what changed
THE COMPANY
Largest movements
- Receivables within one year +€21,041
up €21,041 (+51.3%), from €41,016 to €62,057
of which Trade receivables: +€21,302
- Tangible fixed assets -€9,905
down €9,905 (-33.1%), from €29,897 to €19,992
of which Furniture and vehicles: -€7,680
- Cash -€9,495
down €9,495 (-51.8%), from €18,315 to €8,820
mainly Receivables within one year (-€21,041) and Debts after one year (-€6,095)
- Debts after one year -€6,095
down €6,095 (-9.7%), from €62,753 to €56,658
- Other debts +€4,065
up €4,065 (+23.5%), from €17,294 to €21,359
- Profit (loss) carried forward +€1,700
up €1,700 (+9.3%), from -€18,227 to -€16,527
- Trade debts +€1,422
up €1,422 (+39.4%), from €3,608 to €5,029
- Depreciation +€3,742
up €3,742 (+60.7%), from €6,163 to €9,905
- Gross operating margin -€3,003
down €3,003 (-18.9%), from €15,889 to €12,887
- Other operating charges -€1,066
down €1,066 (-59.2%), from €1,799 to €733
- Financial charges +€171
up €171 (+38.9%), from €440 to €611
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 | €91,176 | €92,361 | +€1,185 | +1.3% |
| Fixed assets | 21/28 | €29,897 | €19,992 | -€9,905 | -33.1% |
| Tangible fixed assets | 22/27 | €29,897 | €19,992 | -€9,905 | -33.1% |
| Land and buildings | 22 | €1,812 | - | -€1,812 | |
| Plant, machinery and equipment | 23 | €1,268 | €855 | -€412 | -32.5% |
| Furniture and vehicles | 24 | €26,817 | €19,137 | -€7,680 | -28.6% |
| Current assets | 29/58 | €61,279 | €72,369 | +€11,090 | +18.1% |
| Amounts receivable within one year | 40/41 | €41,016 | €62,057 | +€21,041 | +51.3% |
| Trade receivables | 40 | €39,784 | €61,087 | +€21,302 | +53.5% |
| Other amounts receivable | 41 | €1,232 | €970 | -€261 | -21.2% |
| Cash at bank and in hand | 54/58 | €18,315 | €8,820 | -€9,495 | -51.8% |
| Deferred charges and accrued income | 490/1 | €1,948 | €1,493 | -€455 | -23.4% |
| Total equity and liabilities | 10/49 | €91,176 | €92,361 | +€1,185 | +1.3% |
| Equity | 10/15 | €1,255 | €2,954 | +€1,700 | +136% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €881 | €881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €881 | €881 | = | 0.0% |
| Reserves not available under the articles | 1311 | €881 | €881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,227 | -€16,527 | +€1,700 | +9.3% |
| Amounts payable | 17/49 | €89,921 | €89,407 | -€515 | -0.6% |
| Amounts payable after more than one year | 17 | €62,753 | €56,658 | -€6,095 | -9.7% |
| Other amounts payable | 178/9 | €62,753 | €56,658 | -€6,095 | -9.7% |
| Amounts payable within one year | 42/48 | €27,168 | €32,749 | +€5,580 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €6,001 | €6,095 | +€94 | +1.6% |
| Trade debts | 44 | €3,608 | €5,029 | +€1,422 | +39.4% |
| Suppliers | 440/4 | €3,608 | €5,029 | +€1,422 | +39.4% |
| Taxes, remuneration and social security | 45 | €265 | €265 | = | 0.0% |
| Taxes | 450/3 | €265 | €265 | = | 0.0% |
| Other amounts payable | 47/48 | €17,294 | €21,359 | +€4,065 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,163 | €9,905 | +€3,742 | +60.7% |
| Other operating charges | 640/8 | €1,799 | €733 | -€1,066 | -59.2% |
| Non-recurring operating charges | 66A | €1,548 | - | -€1,548 | |
| Gross operating margin | 9900 | €15,889 | €12,887 | -€3,003 | -18.9% |
| Operating profit (loss) | 9901 | €6,380 | €2,249 | -€4,131 | -64.8% |
| Financial income | 75/76B | €95 | €62 | -€33 | -34.4% |
| Recurring financial income | 75 | €95 | €62 | -€33 | -34.4% |
| Financial charges | 65/66B | €440 | €611 | +€171 | +38.9% |
| Recurring financial charges | 65 | €440 | €611 | +€171 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €6,035 | €1,700 | -€4,335 | -71.8% |
| Profit (loss) for the period | 9904 | €6,035 | €1,700 | -€4,335 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,035 | €1,700 | -€4,335 | -71.8% |
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 6 November 2026 via checked.be.