TOP SELECTION: 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.
TOP SELECTION
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€64,239
up €64,239 (+41.9%), from €153,224 to €217,463
mainly Net result for the year (+€117,015) and Current investments (+€100,000)
- Receivables within one year -€62,832
down €62,832 (-61.6%), from €102,042 to €39,210
of which Trade receivables: -€68,762
- Debts after one year -€154,000
down €154,000 (-12.4%), from €1.2m to €1.1m
- Profit (loss) carried forward +€117,015
up €117,015 (+6.9%), from €1.7m to €1.8m
- Trade debts -€62,309
down €62,309 (-70.1%), from €88,872 to €26,563
- Gross operating margin -€60,930
down €60,930 (-53.7%), from €113,435 to €52,506
- Staff costs -€20,908
down €20,908 (-100.0%), from €20,915 to €7
- Taxes -€8,344
down €8,344 (-58.9%), from €14,176 to €5,832
- Depreciation -€5,024
down €5,024 (-28.8%), from €17,442 to €12,418
- Financial charges -€2,038
down €2,038 (-10.6%), from €19,149 to €17,111
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 | €3,264,092 | €3,158,794 | -€105,298 | -3.2% |
| Fixed assets | 21/28 | €2,907,594 | €2,900,895 | -€6,699 | -0.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €250,367 | €243,668 | -€6,699 | -2.7% |
| Land and buildings | 22 | €237,413 | €232,343 | -€5,070 | -2.1% |
| Furniture and vehicles | 24 | €12,953 | €11,324 | -€1,629 | -12.6% |
| Financial fixed assets | 28 | €2,657,227 | €2,657,227 | = | 0.0% |
| Current assets | 29/58 | €356,498 | €257,899 | -€98,599 | -27.7% |
| Amounts receivable within one year | 40/41 | €102,042 | €39,210 | -€62,832 | -61.6% |
| Trade receivables | 40 | €99,918 | €31,156 | -€68,762 | -68.8% |
| Other amounts receivable | 41 | €2,124 | €8,054 | +€5,930 | +279.1% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €153,224 | €217,463 | +€64,239 | +41.9% |
| Deferred charges and accrued income | 490/1 | €1,232 | €1,226 | -€6 | -0.5% |
| Total equity and liabilities | 10/49 | €3,264,092 | €3,158,794 | -€105,298 | -3.2% |
| Equity | 10/15 | €1,770,382 | €1,887,397 | +€117,015 | +6.6% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,702,182 | €1,819,197 | +€117,015 | +6.9% |
| Amounts payable | 17/49 | €1,493,710 | €1,271,397 | -€222,313 | -14.9% |
| Amounts payable after more than one year | 17 | €1,244,834 | €1,090,834 | -€154,000 | -12.4% |
| Financial debts | 170/4 | €1,244,834 | €1,090,834 | -€154,000 | -12.4% |
| Amounts payable within one year | 42/48 | €248,876 | €180,563 | -€68,313 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €154,000 | €154,000 | = | 0.0% |
| Trade debts | 44 | €88,872 | €26,563 | -€62,309 | -70.1% |
| Suppliers | 440/4 | €88,872 | €26,563 | -€62,309 | -70.1% |
| Taxes, remuneration and social security | 45 | €6,004 | €0 | -€6,004 | -100.0% |
| Taxes | 450/3 | €6,004 | €0 | -€6,004 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €20,915 | €7 | -€20,908 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,442 | €12,418 | -€5,024 | -28.8% |
| Other operating charges | 640/8 | €2,537 | €2,552 | +€15 | +0.6% |
| Gross operating margin | 9900 | €113,435 | €52,506 | -€60,930 | -53.7% |
| Operating profit (loss) | 9901 | €72,542 | €37,530 | -€35,012 | -48.3% |
| Financial income | 75/76B | €103,905 | €102,429 | -€1,476 | -1.4% |
| Recurring financial income | 75 | €103,905 | €102,429 | -€1,476 | -1.4% |
| Financial charges | 65/66B | €19,149 | €17,111 | -€2,038 | -10.6% |
| Recurring financial charges | 65 | €19,149 | €17,111 | -€2,038 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €157,297 | €122,847 | -€34,450 | -21.9% |
| Income taxes | 67/77 | €14,176 | €5,832 | -€8,344 | -58.9% |
| Profit (loss) for the period | 9904 | €143,121 | €117,015 | -€26,106 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €143,121 | €117,015 | -€26,106 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.