TOTAL CONCEPT: 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.
TOTAL CONCEPT
Largest movements
- Receivables within one year -€119,407
down €119,407 (-83.4%), from €143,150 to €23,743
of which Other amounts receivable: -€70,982
- Tangible fixed assets -€23,518
down €23,518 (-5.3%), from €442,125 to €418,607
- Cash -€22,053
down €22,053 (-28.6%), from €77,038 to €54,985
mainly Debts after one year (-€290,000) and Trade debts (-€63,709)
- Debts after one year -€290,000
no longer reported in 2025 (was €290,000)
- Other debts +€228,672
up €228,672 (+489.9%), from €46,677 to €275,349
- Trade debts -€63,709
down €63,709 (-81.6%), from €78,036 to €14,327
- Revaluation surpluses -€24,000
down €24,000 (-9.0%), from €268,000 to €244,000
- Reserves +€24,000
up €24,000 (+17.9%), from €133,860 to €157,860
of which Distributable reserves: +€24,000
- Gross operating margin +€16,481
up €16,481 (+1057.8%), from €1,558 to €18,039
- Financial charges -€4,562
down €4,562 (-54.2%), from €8,418 to €3,856
- Depreciation -€3,981
down €3,981 (-14.5%), from €27,500 to €23,518
- Other operating charges +€472
up €472 (+8.5%), from €5,563 to €6,035
- Financial income +€331
new in 2025: €331
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 | €663,981 | €497,335 | -€166,646 | -25.1% |
| Fixed assets | 21/28 | €442,125 | €418,607 | -€23,518 | -5.3% |
| Tangible fixed assets | 22/27 | €442,125 | €418,607 | -€23,518 | -5.3% |
| Land and buildings | 22 | €442,125 | €418,607 | -€23,518 | -5.3% |
| Current assets | 29/58 | €221,856 | €78,728 | -€143,128 | -64.5% |
| Amounts receivable within one year | 40/41 | €143,150 | €23,743 | -€119,407 | -83.4% |
| Trade receivables | 40 | €64,207 | €15,782 | -€48,425 | -75.4% |
| Other amounts receivable | 41 | €78,943 | €7,961 | -€70,982 | -89.9% |
| Cash at bank and in hand | 54/58 | €77,038 | €54,985 | -€22,053 | -28.6% |
| Deferred charges and accrued income | 490/1 | €1,668 | - | -€1,668 | |
| Total equity and liabilities | 10/49 | €663,981 | €497,335 | -€166,646 | -25.1% |
| Equity | 10/15 | €217,029 | €201,991 | -€15,039 | -6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Revaluation surpluses | 12 | €268,000 | €244,000 | -€24,000 | -9.0% |
| Reserves | 13 | €133,860 | €157,860 | +€24,000 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €132,000 | €156,000 | +€24,000 | +18.2% |
| Profit (loss) carried forward | 14 | -€191,031 | -€206,069 | -€15,039 | -7.9% |
| Amounts payable | 17/49 | €446,952 | €295,345 | -€151,607 | -33.9% |
| Amounts payable after more than one year | 17 | €290,000 | - | -€290,000 | |
| Financial debts | 170/4 | €290,000 | - | -€290,000 | |
| Amounts payable within one year | 42/48 | €150,281 | €295,345 | +€145,063 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | €2,153 | - | -€2,153 | |
| Trade debts | 44 | €78,036 | €14,327 | -€63,709 | -81.6% |
| Suppliers | 440/4 | €78,036 | €14,327 | -€63,709 | -81.6% |
| Taxes, remuneration and social security | 45 | €23,416 | €5,668 | -€17,748 | -75.8% |
| Taxes | 450/3 | €23,416 | €5,668 | -€17,748 | -75.8% |
| Other amounts payable | 47/48 | €46,677 | €275,349 | +€228,672 | +489.9% |
| Accrued charges and deferred income | 492/3 | €6,671 | - | -€6,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,500 | €23,518 | -€3,981 | -14.5% |
| Other operating charges | 640/8 | €5,563 | €6,035 | +€472 | +8.5% |
| Gross operating margin | 9900 | €1,558 | €18,039 | +€16,481 | +1057.8% |
| Operating profit (loss) | 9901 | -€31,504 | -€11,514 | +€19,991 | +63.5% |
| Financial income | 75/76B | - | €331 | +€331 | |
| Recurring financial income | 75 | - | €331 | +€331 | |
| Financial charges | 65/66B | €8,418 | €3,856 | -€4,562 | -54.2% |
| Recurring financial charges | 65 | €8,418 | €3,856 | -€4,562 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,923 | -€15,039 | +€24,884 | +62.3% |
| Profit (loss) for the period | 9904 | -€39,923 | -€15,039 | +€24,884 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,923 | -€15,039 | +€24,884 | +62.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.