Transition Stories: 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.
Transition Stories
Largest movements
- Receivables within one year +€241,298
up €241,298 (+3,822%), from €6,314 to €247,611
of which Trade receivables: +€247,611
- Cash -€39,448
down €39,448 (-23.0%), from €171,387 to €131,939
mainly Receivables within one year (-€241,298) and Advances received (-€71,967)
- Stocks and contracts -€13,983
down €13,983 (-9.2%), from €151,437 to €137,454
- Reserves +€146,000
up €146,000 (+70.7%), from €206,450 to €352,450
- Advances received -€71,967
no longer reported in 2025 (was €71,967)
- Accrued charges and deferred income +€62,544
up €62,544 (+3,004%), from €2,082 to €64,626
- Tax, wage and social debts +€48,364
up €48,364 (+203%), from €23,871 to €72,234
of which Taxes: +€37,777
- Trade debts +€14,622
up €14,622 (+102%), from €14,397 to €29,018
- Gross operating margin +€208,850
up €208,850 (+44.9%), from €465,635 to €674,486
- Staff costs +€187,941
up €187,941 (+70.7%), from €265,849 to €453,790
- Taxes +€7,311
up €7,311 (+12.6%), from €57,861 to €65,172
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 | €382,521 | €574,213 | +€191,692 | +50.1% |
| Fixed assets | 21/28 | €48,236 | €51,016 | +€2,779 | +5.8% |
| Tangible fixed assets | 22/27 | €18,479 | €21,258 | +€2,779 | +15.0% |
| Plant, machinery and equipment | 23 | €4,025 | €3,231 | -€793 | -19.7% |
| Furniture and vehicles | 24 | €14,454 | €18,027 | +€3,573 | +24.7% |
| Financial fixed assets | 28 | €29,758 | €29,758 | = | 0.0% |
| Current assets | 29/58 | €334,285 | €523,198 | +€188,913 | +56.5% |
| Stocks and contracts in progress | 3 | €151,437 | €137,454 | -€13,983 | -9.2% |
| Contracts in progress | 37 | €151,437 | €137,454 | -€13,983 | -9.2% |
| Amounts receivable within one year | 40/41 | €6,314 | €247,611 | +€241,298 | +3,822% |
| Trade receivables | 40 | - | €247,611 | +€247,611 | |
| Other amounts receivable | 41 | €6,314 | - | -€6,314 | |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €171,387 | €131,939 | -€39,448 | -23.0% |
| Deferred charges and accrued income | 490/1 | €2,648 | €3,693 | +€1,045 | +39.5% |
| Total equity and liabilities | 10/49 | €382,521 | €574,213 | +€191,692 | +50.1% |
| Equity | 10/15 | €212,477 | €358,864 | +€146,387 | +68.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €206,450 | €352,450 | +€146,000 | +70.7% |
| Distributable reserves | 133 | €206,450 | €352,450 | +€146,000 | +70.7% |
| Profit (loss) carried forward | 14 | €1,027 | €1,414 | +€387 | +37.7% |
| Amounts payable | 17/49 | €170,044 | €215,349 | +€45,305 | +26.6% |
| Amounts payable within one year | 42/48 | €167,962 | €150,723 | -€17,239 | -10.3% |
| Trade debts | 44 | €14,397 | €29,018 | +€14,622 | +102% |
| Suppliers | 440/4 | €14,397 | €29,018 | +€14,622 | +102% |
| Advances received on contracts in progress | 46 | €71,967 | - | -€71,967 | |
| Taxes, remuneration and social security | 45 | €23,871 | €72,234 | +€48,364 | +203% |
| Taxes | 450/3 | €7,361 | €45,138 | +€37,777 | +513% |
| Remuneration and social security | 454/9 | €16,509 | €27,096 | +€10,587 | +64.1% |
| Other amounts payable | 47/48 | €57,728 | €49,470 | -€8,257 | -14.3% |
| Accrued charges and deferred income | 492/3 | €2,082 | €64,626 | +€62,544 | +3,004% |
| Remuneration, social security and pensions | 62 | €265,849 | €453,790 | +€187,941 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,902 | €8,059 | +€3,157 | +64.4% |
| Other operating charges | 640/8 | €1,279 | €1,011 | -€268 | -20.9% |
| Gross operating margin | 9900 | €465,635 | €674,486 | +€208,850 | +44.9% |
| Operating profit (loss) | 9901 | €193,605 | €211,625 | +€18,020 | +9.3% |
| Financial income | 75/76B | €79 | €35 | -€45 | -56.2% |
| Recurring financial income | 75 | €79 | €35 | -€45 | -56.2% |
| Financial charges | 65/66B | €57 | €101 | +€43 | +74.9% |
| Recurring financial charges | 65 | €57 | €101 | +€43 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €193,627 | €211,559 | +€17,933 | +9.3% |
| Income taxes | 67/77 | €57,861 | €65,172 | +€7,311 | +12.6% |
| Profit (loss) for the period | 9904 | €135,765 | €146,387 | +€10,622 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,765 | €146,387 | +€10,622 | +7.8% |
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 23 October 2026 via checked.be.