THIS SIGN: 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.
THIS SIGN
Largest movements
- Receivables within one year -€23,773
down €23,773 (-17.1%), from €138,926 to €115,153
of which Trade receivables: -€18,887
- Tangible fixed assets -€15,423
down €15,423 (-4.6%), from €335,362 to €319,939
of which Other tangible fixed assets: -€11,303
- Cash -€7,739
no longer reported in 2025 (was €7,739)
mainly Trade debts (-€39,626) and Net result for the year (-€16,855)
- Trade debts -€39,626
down €39,626 (-77.1%), from €51,413 to €11,787
- Profit (loss) carried forward -€16,855
down €16,855 (-5.8%), from -€292,706 to -€309,561
- Debts after one year +€9,546
up €9,546 (+2.6%), from €364,937 to €374,483
- Gross operating margin -€8,831
down €8,831 (-37.7%), from €23,415 to €14,584
- Other operating charges +€968
up €968 (+6.4%), from €15,048 to €16,016
- Financial charges -€260
no longer reported in 2025 (was €260)
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 | €483,527 | €436,592 | -€46,935 | -9.7% |
| Fixed assets | 21/28 | €336,862 | €321,439 | -€15,423 | -4.6% |
| Tangible fixed assets | 22/27 | €335,362 | €319,939 | -€15,423 | -4.6% |
| Land and buildings | 22 | €280,214 | €276,094 | -€4,120 | -1.5% |
| Other tangible fixed assets | 26 | €55,148 | €43,845 | -€11,303 | -20.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €146,665 | €115,153 | -€31,512 | -21.5% |
| Amounts receivable within one year | 40/41 | €138,926 | €115,153 | -€23,773 | -17.1% |
| Trade receivables | 40 | €128,930 | €110,043 | -€18,887 | -14.6% |
| Other amounts receivable | 41 | €9,996 | €5,110 | -€4,886 | -48.9% |
| Cash at bank and in hand | 54/58 | €7,739 | - | -€7,739 | |
| Total equity and liabilities | 10/49 | €483,527 | €436,592 | -€46,935 | -9.7% |
| Equity | 10/15 | €21,177 | €4,322 | -€16,855 | -79.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,910 | €1,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,910 | €1,910 | = | 0.0% |
| Legal reserve | 130 | €1,910 | €1,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,706 | -€309,561 | -€16,855 | -5.8% |
| Amounts payable | 17/49 | €462,350 | €432,270 | -€30,080 | -6.5% |
| Amounts payable after more than one year | 17 | €364,937 | €374,483 | +€9,546 | +2.6% |
| Financial debts | 170/4 | €364,937 | €374,483 | +€9,546 | +2.6% |
| Amounts payable within one year | 42/48 | €97,413 | €57,787 | -€39,626 | -40.7% |
| Trade debts | 44 | €51,413 | €11,787 | -€39,626 | -77.1% |
| Suppliers | 440/4 | €51,413 | €11,787 | -€39,626 | -77.1% |
| Other amounts payable | 47/48 | €46,000 | €46,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,935 | +€15,935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,423 | €15,423 | = | 0.0% |
| Other operating charges | 640/8 | €15,048 | €16,016 | +€968 | +6.4% |
| Gross operating margin | 9900 | €23,415 | €14,584 | -€8,831 | -37.7% |
| Operating profit (loss) | 9901 | -€7,056 | -€16,855 | -€9,799 | -138.9% |
| Financial charges | 65/66B | €260 | - | -€260 | |
| Recurring financial charges | 65 | €260 | - | -€260 | |
| Profit (loss) for the period before taxes | 9903 | -€7,316 | -€16,855 | -€9,539 | -130.4% |
| Profit (loss) for the period | 9904 | -€7,316 | -€16,855 | -€9,539 | -130.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,316 | -€16,855 | -€9,539 | -130.4% |
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.