Things That Matter: 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.
Things That Matter
Largest movements
- Receivables within one year -€47,327
down €47,327 (-93.0%), from €50,890 to €3,563
of which Other amounts receivable: -€27,677
- Tangible fixed assets -€8,924
down €8,924 (-65.5%), from €13,624 to €4,699
of which Other tangible fixed assets: -€7,289
- Cash +€4,746
new in 2025: €4,746
mainly Receivables within one year (+€47,327) and Depreciation (+€10,234)
- Profit (loss) carried forward -€19,320
down €19,320 (-274%), from -€7,045 to -€26,364
- Trade debts -€15,735
down €15,735 (-72.0%), from €21,861 to €6,126
- Debts after one year -€11,518
down €11,518 (-100%), from €11,518 to €0
- Short-term financial debts -€8,007
down €8,007 (-100%), from €8,007 to €0
- Tax, wage and social debts +€1,627
new in 2025: €1,627
of which Remuneration and social security: +€831
- Staff costs +€13,882
new in 2025: €13,882
- Gross operating margin +€10,558
up €10,558, from -€3,104 to €7,453
- Financial charges +€1,365
up €1,365 (+115%), from €1,185 to €2,549
- Depreciation -€506
down €506 (-4.7%), from €10,741 to €10,234
- Financial income -€476
down €476 (-51.7%), from €921 to €445
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 | €64,513 | €13,008 | -€51,505 | -79.8% |
| Fixed assets | 21/28 | €13,624 | €4,699 | -€8,924 | -65.5% |
| Tangible fixed assets | 22/27 | €13,624 | €4,699 | -€8,924 | -65.5% |
| Plant, machinery and equipment | 23 | €840 | €0 | -€840 | -100% |
| Furniture and vehicles | 24 | €2,064 | €1,268 | -€796 | -38.6% |
| Other tangible fixed assets | 26 | €10,720 | €3,431 | -€7,289 | -68.0% |
| Current assets | 29/58 | €50,890 | €8,309 | -€42,581 | -83.7% |
| Amounts receivable within one year | 40/41 | €50,890 | €3,563 | -€47,327 | -93.0% |
| Trade receivables | 40 | €20,647 | €997 | -€19,650 | -95.2% |
| Other amounts receivable | 41 | €30,243 | €2,567 | -€27,677 | -91.5% |
| Cash at bank and in hand | 54/58 | - | €4,746 | +€4,746 | |
| Total equity and liabilities | 10/49 | €64,513 | €13,008 | -€51,505 | -79.8% |
| Equity | 10/15 | €13,415 | -€5,904 | -€19,320 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,045 | -€26,364 | -€19,320 | -274% |
| Amounts payable | 17/49 | €51,098 | €18,913 | -€32,185 | -63.0% |
| Amounts payable after more than one year | 17 | €11,518 | €0 | -€11,518 | -100% |
| Financial debts | 170/4 | €11,518 | €0 | -€11,518 | -100% |
| Amounts payable within one year | 42/48 | €39,580 | €18,913 | -€20,667 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €9,712 | €11,160 | +€1,448 | +14.9% |
| Financial debts | 43 | €8,007 | €0 | -€8,007 | -100% |
| Credit institutions | 430/8 | €8,007 | €0 | -€8,007 | -100% |
| Trade debts | 44 | €21,861 | €6,126 | -€15,735 | -72.0% |
| Suppliers | 440/4 | €21,861 | €6,126 | -€15,735 | -72.0% |
| Taxes, remuneration and social security | 45 | - | €1,627 | +€1,627 | |
| Taxes | 450/3 | - | €796 | +€796 | |
| Remuneration and social security | 454/9 | - | €831 | +€831 | |
| Remuneration, social security and pensions | 62 | - | €13,882 | +€13,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €10,234 | -€506 | -4.7% |
| Other operating charges | 640/8 | €532 | €552 | +€21 | +3.9% |
| Gross operating margin | 9900 | -€3,104 | €7,453 | +€10,558 | |
| Operating profit (loss) | 9901 | -€14,377 | -€17,216 | -€2,839 | -19.7% |
| Financial income | 75/76B | €921 | €445 | -€476 | -51.7% |
| Recurring financial income | 75 | €921 | €445 | -€476 | -51.7% |
| Financial charges | 65/66B | €1,185 | €2,549 | +€1,365 | +115% |
| Recurring financial charges | 65 | €1,185 | €2,549 | +€1,365 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€14,641 | -€19,320 | -€4,679 | -32.0% |
| Profit (loss) for the period | 9904 | -€14,641 | -€19,320 | -€4,679 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,641 | -€19,320 | -€4,679 | -32.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.