There: 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.
There
Largest movements
- Cash +€253,850
up €253,850 (+133.3%), from €190,468 to €444,318
mainly Net result for the year (+€178,163) and Other debts (+€172,516)
- Receivables within one year -€65,431
down €65,431 (-15.2%), from €429,574 to €364,142
of which Trade receivables: -€70,035
- Other debts +€172,516
new in 2025: €172,516
- Accrued charges and deferred income +€58,901
up €58,901 (+716.3%), from €8,223 to €67,124
- Trade debts -€42,716
down €42,716 (-23.0%), from €185,695 to €142,979
- Tax, wage and social debts -€9,594
down €9,594 (-17.3%), from €55,575 to €45,980
of which Taxes: -€16,100
- Gross operating margin +€171,751
up €171,751 (+54.4%), from €315,496 to €487,247
- Other operating charges -€8,042
down €8,042 (-90.4%), from €8,899 to €857
- Depreciation -€5,390
down €5,390 (-53.8%), from €10,011 to €4,621
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 | €643,412 | €828,388 | +€184,975 | +28.7% |
| Fixed assets | 21/28 | €15,559 | €10,938 | -€4,621 | -29.7% |
| Tangible fixed assets | 22/27 | €10,684 | €6,063 | -€4,621 | -43.3% |
| Plant, machinery and equipment | 23 | €4,715 | €2,280 | -€2,436 | -51.7% |
| Furniture and vehicles | 24 | €5,969 | €3,784 | -€2,186 | -36.6% |
| Financial fixed assets | 28 | €4,874 | €4,874 | = | 0.0% |
| Current assets | 29/58 | €627,854 | €817,450 | +€189,596 | +30.2% |
| Amounts receivable within one year | 40/41 | €429,574 | €364,142 | -€65,431 | -15.2% |
| Trade receivables | 40 | €429,574 | €359,538 | -€70,035 | -16.3% |
| Other amounts receivable | 41 | - | €4,604 | +€4,604 | |
| Cash at bank and in hand | 54/58 | €190,468 | €444,318 | +€253,850 | +133.3% |
| Deferred charges and accrued income | 490/1 | €7,813 | €8,990 | +€1,177 | +15.1% |
| Total equity and liabilities | 10/49 | €643,412 | €828,388 | +€184,975 | +28.7% |
| Equity | 10/15 | €391,625 | €399,788 | +€8,163 | +2.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €56,200 | €56,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,425 | €281,588 | +€8,163 | +3.0% |
| Amounts payable | 17/49 | €251,787 | €428,599 | +€176,812 | +70.2% |
| Amounts payable within one year | 42/48 | €243,564 | €361,475 | +€117,911 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €2,294 | - | -€2,294 | |
| Trade debts | 44 | €185,695 | €142,979 | -€42,716 | -23.0% |
| Suppliers | 440/4 | €185,695 | €142,979 | -€42,716 | -23.0% |
| Taxes, remuneration and social security | 45 | €55,575 | €45,980 | -€9,594 | -17.3% |
| Taxes | 450/3 | €16,852 | €752 | -€16,100 | -95.5% |
| Remuneration and social security | 454/9 | €38,723 | €45,229 | +€6,506 | +16.8% |
| Other amounts payable | 47/48 | - | €172,516 | +€172,516 | |
| Accrued charges and deferred income | 492/3 | €8,223 | €67,124 | +€58,901 | +716.3% |
| Non-recurring operating income | 76A | €700 | €4,525 | +€3,825 | +546.4% |
| Remuneration, social security and pensions | 62 | €291,471 | €295,760 | +€4,289 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,011 | €4,621 | -€5,390 | -53.8% |
| Other operating charges | 640/8 | €8,899 | €857 | -€8,042 | -90.4% |
| Gross operating margin | 9900 | €315,496 | €487,247 | +€171,751 | +54.4% |
| Operating profit (loss) | 9901 | €5,116 | €186,009 | +€180,893 | +3536.0% |
| Financial income | 75/76B | €1,219 | €29 | -€1,190 | -97.6% |
| Recurring financial income | 75 | €1,219 | €29 | -€1,190 | -97.6% |
| Financial charges | 65/66B | €2,863 | €2,122 | -€741 | -25.9% |
| Recurring financial charges | 65 | €2,863 | €2,122 | -€741 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €3,471 | €183,915 | +€180,444 | +5198.7% |
| Income taxes | 67/77 | €4,314 | €5,752 | +€1,438 | +33.3% |
| Profit (loss) for the period | 9904 | -€843 | €178,163 | +€179,006 | |
| Profit (loss) for the period to be appropriated | 9905 | -€843 | €178,163 | +€179,006 |
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 11 October 2026 via checked.be.