THE UNIT: 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 UNIT
Largest movements
- Tangible fixed assets +€186,820
up €186,820 (+91.7%), from €203,739 to €390,558
of which Land and buildings: +€157,616
- Cash +€19,595
up €19,595 (+1120.3%), from €1,749 to €21,344
mainly Trade debts (+€166,807) and Tax, wage and social debts (+€32,513)
- Receivables within one year +€6,984
up €6,984 (+245.5%), from €2,845 to €9,828
of which Trade receivables: +€6,984
- Trade debts +€166,807
up €166,807 (+4064.7%), from €4,104 to €170,911
- Tax, wage and social debts +€32,513
up €32,513 (+1478.6%), from €2,199 to €34,712
- Profit (loss) carried forward +€15,357
up €15,357 (+1739.8%), from €883 to €16,239
- Debts after one year +€6,459
up €6,459 (+8.1%), from €79,367 to €85,826
- Other debts -€6,248
down €6,248 (-100.0%), from €6,248 to €0
- Gross operating margin +€14,525
up €14,525 (+45.9%), from €31,661 to €46,186
- Taxes +€11,863
up €11,863 (+609.3%), from €1,947 to €13,810
- Financial charges +€5,156
up €5,156 (+157.5%), from €3,273 to €8,429
- Other operating charges +€1,143
up €1,143 (+109.7%), from €1,041 to €2,184
- Depreciation +€897
up €897 (+14.8%), from €6,050 to €6,947
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 | €208,333 | €422,332 | +€213,999 | +102.7% |
| Fixed assets | 21/28 | €203,739 | €390,558 | +€186,820 | +91.7% |
| Tangible fixed assets | 22/27 | €203,739 | €390,558 | +€186,820 | +91.7% |
| Land and buildings | 22 | €184,666 | €342,282 | +€157,616 | +85.4% |
| Plant, machinery and equipment | 23 | €4,073 | €33,277 | +€29,204 | +717.1% |
| Furniture and vehicles | 24 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €4,594 | €31,774 | +€27,180 | +591.7% |
| Amounts receivable within one year | 40/41 | €2,845 | €9,828 | +€6,984 | +245.5% |
| Trade receivables | 40 | €2,845 | €9,828 | +€6,984 | +245.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,749 | €21,344 | +€19,595 | +1120.3% |
| Deferred charges and accrued income | 490/1 | - | €601 | +€601 | |
| Total equity and liabilities | 10/49 | €208,333 | €422,332 | +€213,999 | +102.7% |
| Equity | 10/15 | €88,571 | €103,925 | +€15,354 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,089 | €69,086 | -€3 | 0.0% |
| Non-distributable reserves | 130/1 | €1,011 | €1,011 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,011 | €1,011 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,531 | €32,528 | -€3 | 0.0% |
| Distributable reserves | 133 | €35,547 | €35,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | €883 | €16,239 | +€15,357 | +1739.8% |
| Provisions and deferred taxes | 16 | €10,844 | €10,843 | -€1 | 0.0% |
| Deferred taxes | 168 | €10,844 | €10,843 | -€1 | 0.0% |
| Amounts payable | 17/49 | €108,918 | €307,564 | +€198,646 | +182.4% |
| Amounts payable after more than one year | 17 | €79,367 | €85,826 | +€6,459 | +8.1% |
| Financial debts | 170/4 | €79,367 | €85,826 | +€6,459 | +8.1% |
| Amounts payable within one year | 42/48 | €29,550 | €221,738 | +€192,188 | +650.4% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €16,115 | -€885 | -5.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,104 | €170,911 | +€166,807 | +4064.7% |
| Suppliers | 440/4 | €4,104 | €170,911 | +€166,807 | +4064.7% |
| Taxes, remuneration and social security | 45 | €2,199 | €34,712 | +€32,513 | +1478.6% |
| Taxes | 450/3 | €2,199 | €34,712 | +€32,513 | +1478.6% |
| Other amounts payable | 47/48 | €6,248 | €0 | -€6,248 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,050 | €6,947 | +€897 | +14.8% |
| Other operating charges | 640/8 | €1,041 | €2,184 | +€1,143 | +109.7% |
| Gross operating margin | 9900 | €31,661 | €46,186 | +€14,525 | +45.9% |
| Operating profit (loss) | 9901 | €24,570 | €37,055 | +€12,485 | +50.8% |
| Financial income | 75/76B | €0 | €537 | +€537 | +2685550.0% |
| Recurring financial income | 75 | €0 | €537 | +€537 | +2685550.0% |
| Financial charges | 65/66B | €3,273 | €8,429 | +€5,156 | +157.5% |
| Recurring financial charges | 65 | €3,273 | €8,429 | +€5,156 | +157.5% |
| Profit (loss) for the period before taxes | 9903 | €21,297 | €29,163 | +€7,866 | +36.9% |
| Transfer from deferred taxes | 780 | - | €1 | +€1 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,947 | €13,810 | +€11,863 | +609.3% |
| Profit (loss) for the period | 9904 | €19,350 | €15,354 | -€3,996 | -20.7% |
| Transfer from tax-exempt reserves | 789 | - | €3 | +€3 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €19,350 | €15,357 | -€3,994 | -20.6% |
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 2 October 2026 via checked.be.