TRANSFORMATIONS AT WORK: 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.
TRANSFORMATIONS AT WORK
Largest movements
- Cash -€13,347
down €13,347 (-37.6%), from €35,536 to €22,189
mainly Net result for the year (-€13,409) and Trade debts (-€2,035)
- Tangible fixed assets -€3,429
down €3,429 (-33.1%), from €10,356 to €6,926
of which Furniture and vehicles: -€2,434
- Receivables within one year +€1,657
up €1,657 (+35.5%), from €4,667 to €6,323
of which Other amounts receivable: +€2,631
- Deferred charges and accrued income -€1,495
no longer reported in 2025 (was €1,495)
- Profit (loss) carried forward -€24,936
no longer reported in 2025 (was €24,936)
- Reserves +€11,527
up €11,527 (+42.9%), from €26,860 to €38,387
of which Distributable reserves: +€11,527
- Trade debts -€2,035
down €2,035 (-54.8%), from €3,715 to €1,680
- Other debts -€1,573
down €1,573 (-83.9%), from €1,875 to €302
- Gross operating margin -€19,232
down €19,232, from €13,129 to -€6,104
- Taxes -€1,232
down €1,232 (-42.6%), from €2,891 to €1,658
- Financial charges -€394
down €394 (-84.0%), from €469 to €75
- Other operating charges +€320
up €320 (+22.7%), from €1,409 to €1,730
- Depreciation -€215
down €215 (-5.9%), from €3,644 to €3,429
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 | €64,201 | €47,586 | -€16,615 | -25.9% |
| Fixed assets | 21/28 | €14,881 | €11,451 | -€3,429 | -23.0% |
| Tangible fixed assets | 22/27 | €10,356 | €6,926 | -€3,429 | -33.1% |
| Land and buildings | 22 | €3,355 | €2,360 | -€995 | -29.7% |
| Furniture and vehicles | 24 | €7,001 | €4,566 | -€2,434 | -34.8% |
| Financial fixed assets | 28 | €4,525 | €4,525 | = | 0.0% |
| Current assets | 29/58 | €49,320 | €36,135 | -€13,185 | -26.7% |
| Amounts receivable within one year | 40/41 | €4,667 | €6,323 | +€1,657 | +35.5% |
| Trade receivables | 40 | €1,585 | €611 | -€975 | -61.5% |
| Other amounts receivable | 41 | €3,082 | €5,713 | +€2,631 | +85.4% |
| Current investments | 50/53 | €7,623 | €7,623 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,536 | €22,189 | -€13,347 | -37.6% |
| Deferred charges and accrued income | 490/1 | €1,495 | - | -€1,495 | |
| Total equity and liabilities | 10/49 | €64,201 | €47,586 | -€16,615 | -25.9% |
| Equity | 10/15 | €57,996 | €44,587 | -€13,409 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €38,387 | +€11,527 | +42.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €36,527 | +€11,527 | +46.1% |
| Profit (loss) carried forward | 14 | €24,936 | - | -€24,936 | |
| Amounts payable | 17/49 | €6,205 | €2,999 | -€3,206 | -51.7% |
| Amounts payable within one year | 42/48 | €6,205 | €2,999 | -€3,206 | -51.7% |
| Trade debts | 44 | €3,715 | €1,680 | -€2,035 | -54.8% |
| Suppliers | 440/4 | €3,715 | €1,680 | -€2,035 | -54.8% |
| Taxes, remuneration and social security | 45 | €615 | €1,017 | +€402 | +65.4% |
| Taxes | 450/3 | €615 | €1,017 | +€402 | +65.4% |
| Other amounts payable | 47/48 | €1,875 | €302 | -€1,573 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,644 | €3,429 | -€215 | -5.9% |
| Other operating charges | 640/8 | €1,409 | €1,730 | +€320 | +22.7% |
| Non-recurring operating charges | 66A | - | €413 | +€413 | |
| Gross operating margin | 9900 | €13,129 | -€6,104 | -€19,232 | |
| Operating profit (loss) | 9901 | €8,075 | -€11,675 | -€19,751 | |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €469 | €75 | -€394 | -84.0% |
| Recurring financial charges | 65 | €469 | €75 | -€394 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €7,673 | -€11,751 | -€19,423 | |
| Income taxes | 67/77 | €2,891 | €1,658 | -€1,232 | -42.6% |
| Profit (loss) for the period | 9904 | €4,782 | -€13,409 | -€18,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,782 | -€13,409 | -€18,191 |
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 19 October 2026 via checked.be.