THE LINE: 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.
THE LINE
Largest movements
- Current investments +€130,000
up €130,000 (+130.0%), from €100,000 to €230,000
- Receivables within one year +€17,752
up €17,752 (+89.5%), from €19,831 to €37,583
of which Trade receivables: +€17,752
- Cash -€5,858
down €5,858 (-65.2%), from €8,982 to €3,124
mainly Current investments (-€130,000) and Receivables within one year (-€17,752)
- Reserves +€108,492
up €108,492 (+101.7%), from €106,724 to €215,216
- Tax, wage and social debts +€30,954
up €30,954 (+133.7%), from €23,157 to €54,111
of which Taxes: +€30,954
- Gross operating margin +€109,710
up €109,710 (+241.0%), from €45,532 to €155,242
- Taxes +€32,626
up €32,626 (+278.3%), from €11,723 to €44,350
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 | €133,475 | €274,422 | +€140,947 | +105.6% |
| Fixed assets | 21/28 | €2,131 | €1,148 | -€983 | -46.1% |
| Tangible fixed assets | 22/27 | €2,131 | €1,148 | -€983 | -46.1% |
| Furniture and vehicles | 24 | €2,131 | €1,148 | -€983 | -46.1% |
| Current assets | 29/58 | €131,344 | €273,274 | +€141,931 | +108.1% |
| Amounts receivable within one year | 40/41 | €19,831 | €37,583 | +€17,752 | +89.5% |
| Trade receivables | 40 | €19,824 | €37,576 | +€17,752 | +89.5% |
| Other amounts receivable | 41 | €7 | €7 | = | 0.0% |
| Current investments | 50/53 | €100,000 | €230,000 | +€130,000 | +130.0% |
| Cash at bank and in hand | 54/58 | €8,982 | €3,124 | -€5,858 | -65.2% |
| Deferred charges and accrued income | 490/1 | €2,530 | €2,567 | +€37 | +1.5% |
| Total equity and liabilities | 10/49 | €133,475 | €274,422 | +€140,947 | +105.6% |
| Equity | 10/15 | €109,724 | €218,216 | +€108,492 | +98.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €106,724 | €215,216 | +€108,492 | +101.7% |
| Distributable reserves | 133 | €106,724 | €215,216 | +€108,492 | +101.7% |
| Amounts payable | 17/49 | €23,751 | €56,206 | +€32,455 | +136.6% |
| Amounts payable within one year | 42/48 | €23,751 | €56,206 | +€32,455 | +136.6% |
| Trade debts | 44 | €214 | €336 | +€121 | +56.6% |
| Suppliers | 440/4 | €214 | €336 | +€121 | +56.6% |
| Taxes, remuneration and social security | 45 | €23,157 | €54,111 | +€30,954 | +133.7% |
| Taxes | 450/3 | €22,157 | €53,111 | +€30,954 | +139.7% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €380 | €1,759 | +€1,379 | +363.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €983 | +€0 | 0.0% |
| Other operating charges | 640/8 | €646 | €809 | +€163 | +25.2% |
| Gross operating margin | 9900 | €45,532 | €155,242 | +€109,710 | +241.0% |
| Operating profit (loss) | 9901 | €43,903 | €153,450 | +€109,548 | +249.5% |
| Financial income | 75/76B | €0 | €598 | +€598 | +5978300.0% |
| Recurring financial income | 75 | €0 | €598 | +€598 | +5978300.0% |
| Financial charges | 65/66B | €1,521 | €1,206 | -€315 | -20.7% |
| Recurring financial charges | 65 | €1,521 | €1,206 | -€315 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €42,382 | €152,842 | +€110,460 | +260.6% |
| Income taxes | 67/77 | €11,723 | €44,350 | +€32,626 | +278.3% |
| Profit (loss) for the period | 9904 | €30,658 | €108,492 | +€77,834 | +253.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,658 | €108,492 | +€77,834 | +253.9% |
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 5 October 2026 via checked.be.