TO THE POINT: what changed
TO THE POINT
Largest movements
- Receivables within one year +€35,213
up €35,213 (+157%), from €22,429 to €57,642
of which Other amounts receivable: +€36,762
- Receivables after one year -€20,250
down €20,250 (-49.8%), from €40,671 to €20,421
- Cash +€2,747
up €2,747 (+2,780%), from €99 to €2,846
mainly Receivables after one year (+€20,250) and Net result for the year (+€16,377)
- Deferred charges and accrued income -€1,954
no longer reported in 2025 (was €1,954)
- Reserves +€16,377
up €16,377 (+38.3%), from €42,793 to €59,170
of which Distributable reserves: +€16,377
- Other debts -€2,000
no longer reported in 2025 (was €2,000)
- Tax, wage and social debts +€1,927
up €1,927 (+56.7%), from €3,399 to €5,326
- Trade debts -€1,172
down €1,172 (-72.0%), from €1,628 to €457
- Gross operating margin -€4,075
down €4,075 (-15.7%), from €26,016 to €21,941
- Other operating charges -€2,443
down €2,443 (-77.7%), from €3,142 to €700
- Financial income +€1,689
up €1,689 (+90.0%), from €1,876 to €3,565
- Taxes +€433
up €433 (+6.4%), from €6,721 to €7,153
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,275 | €86,494 | +€15,219 | +21.4% |
| Fixed assets | 21/28 | €4,683 | €4,147 | -€536 | -11.5% |
| Tangible fixed assets | 22/27 | €689 | €153 | -€536 | -77.8% |
| Furniture and vehicles | 24 | €689 | €153 | -€536 | -77.8% |
| Financial fixed assets | 28 | €3,994 | €3,994 | = | 0.0% |
| Current assets | 29/58 | €66,592 | €82,347 | +€15,755 | +23.7% |
| Amounts receivable after more than one year | 29 | €40,671 | €20,421 | -€20,250 | -49.8% |
| Other amounts receivable | 291 | €40,671 | €20,421 | -€20,250 | -49.8% |
| Stocks and contracts in progress | 3 | €1,439 | €1,439 | = | 0.0% |
| Stocks | 30/36 | €1,439 | €1,439 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,429 | €57,642 | +€35,213 | +157% |
| Trade receivables | 40 | €2,339 | €790 | -€1,549 | -66.2% |
| Other amounts receivable | 41 | €20,091 | €56,852 | +€36,762 | +183% |
| Cash at bank and in hand | 54/58 | €99 | €2,846 | +€2,747 | +2,780% |
| Deferred charges and accrued income | 490/1 | €1,954 | - | -€1,954 | |
| Total equity and liabilities | 10/49 | €71,275 | €86,494 | +€15,219 | +21.4% |
| Equity | 10/15 | €62,793 | €79,170 | +€16,377 | +26.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,793 | €59,170 | +€16,377 | +38.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €40,793 | €57,170 | +€16,377 | +40.1% |
| Amounts payable | 17/49 | €8,481 | €7,323 | -€1,158 | -13.7% |
| Amounts payable within one year | 42/48 | €7,027 | €5,782 | -€1,245 | -17.7% |
| Trade debts | 44 | €1,628 | €457 | -€1,172 | -72.0% |
| Suppliers | 440/4 | €1,628 | €457 | -€1,172 | -72.0% |
| Taxes, remuneration and social security | 45 | €3,399 | €5,326 | +€1,927 | +56.7% |
| Taxes | 450/3 | €3,399 | €5,326 | +€1,927 | +56.7% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €1,454 | €1,541 | +€87 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €536 | = | 0.0% |
| Other operating charges | 640/8 | €3,142 | €700 | -€2,443 | -77.7% |
| Gross operating margin | 9900 | €26,016 | €21,941 | -€4,075 | -15.7% |
| Operating profit (loss) | 9901 | €22,337 | €20,705 | -€1,632 | -7.3% |
| Financial income | 75/76B | €1,876 | €3,565 | +€1,689 | +90.0% |
| Recurring financial income | 75 | €1,876 | €3,565 | +€1,689 | +90.0% |
| Financial charges | 65/66B | €775 | €739 | -€36 | -4.7% |
| Recurring financial charges | 65 | €775 | €739 | -€36 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €23,438 | €23,531 | +€93 | +0.4% |
| Income taxes | 67/77 | €6,721 | €7,153 | +€433 | +6.4% |
| Profit (loss) for the period | 9904 | €16,717 | €16,377 | -€340 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,717 | €16,377 | -€340 | -2.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.