Twenty June: 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.
Twenty June
Largest movements
- Tangible fixed assets -€13,185
down €13,185 (-86.4%), from €15,266 to €2,081
of which Furniture and vehicles: -€13,647
- Cash -€12,841
down €12,841 (-68.1%), from €18,846 to €6,005
mainly Net result for the year (-€13,065) and Debts after one year (-€8,201)
- Receivables within one year +€6,273
up €6,273 (+120%), from €5,249 to €11,522
of which Other amounts receivable: +€4,003
- Profit (loss) carried forward -€13,065
down €13,065 (-88.8%), from €14,719 to €1,655
- Debts after one year -€8,201
down €8,201 (-100%), from €8,201 to €0
- Trade debts +€2,468
up €2,468 (+884%), from €279 to €2,747
- Tax, wage and social debts -€1,243
down €1,243 (-50.9%), from €2,439 to €1,196
- Gross operating margin -€13,758
down €13,758 (-91.7%), from €15,009 to €1,252
- Depreciation -€911
down €911 (-6.2%), from €14,581 to €13,670
- Financial income +€320
up €320 (+162%), from €197 to €518
- Financial charges -€175
down €175 (-32.4%), from €541 to €366
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 | €48,738 | €28,799 | -€19,938 | -40.9% |
| Fixed assets | 21/28 | €15,266 | €2,081 | -€13,185 | -86.4% |
| Tangible fixed assets | 22/27 | €15,266 | €2,081 | -€13,185 | -86.4% |
| Plant, machinery and equipment | 23 | - | €462 | +€462 | |
| Furniture and vehicles | 24 | €15,266 | €1,619 | -€13,647 | -89.4% |
| Current assets | 29/58 | €33,471 | €26,718 | -€6,753 | -20.2% |
| Stocks and contracts in progress | 3 | €5,785 | €5,785 | = | 0.0% |
| Stocks | 30/36 | €5,785 | €5,785 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,249 | €11,522 | +€6,273 | +120% |
| Trade receivables | 40 | €287 | €2,557 | +€2,270 | +790% |
| Other amounts receivable | 41 | €4,962 | €8,965 | +€4,003 | +80.7% |
| Cash at bank and in hand | 54/58 | €18,846 | €6,005 | -€12,841 | -68.1% |
| Deferred charges and accrued income | 490/1 | €3,591 | €3,406 | -€185 | -5.2% |
| Total equity and liabilities | 10/49 | €48,738 | €28,799 | -€19,938 | -40.9% |
| Equity | 10/15 | €29,719 | €16,655 | -€13,065 | -44.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,719 | €1,655 | -€13,065 | -88.8% |
| Amounts payable | 17/49 | €19,018 | €12,145 | -€6,874 | -36.1% |
| Amounts payable after more than one year | 17 | €8,201 | €0 | -€8,201 | -100% |
| Financial debts | 170/4 | €8,201 | €0 | -€8,201 | -100% |
| Amounts payable within one year | 42/48 | €10,817 | €12,145 | +€1,327 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €8,099 | €8,201 | +€102 | +1.3% |
| Trade debts | 44 | €279 | €2,747 | +€2,468 | +884% |
| Suppliers | 440/4 | €279 | €2,747 | +€2,468 | +884% |
| Taxes, remuneration and social security | 45 | €2,439 | €1,196 | -€1,243 | -50.9% |
| Taxes | 450/3 | €2,439 | €1,196 | -€1,243 | -50.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,581 | €13,670 | -€911 | -6.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €45 | €398 | +€353 | +780% |
| Gross operating margin | 9900 | €15,009 | €1,252 | -€13,758 | -91.7% |
| Operating profit (loss) | 9901 | -€5 | -€13,216 | -€13,211 | -275,235% |
| Financial income | 75/76B | €197 | €518 | +€320 | +162% |
| Recurring financial income | 75 | €197 | €518 | +€320 | +162% |
| Financial charges | 65/66B | €541 | €366 | -€175 | -32.4% |
| Recurring financial charges | 65 | €541 | €366 | -€175 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€349 | -€13,065 | -€12,716 | -3,647% |
| Profit (loss) for the period | 9904 | -€349 | -€13,065 | -€12,716 | -3,647% |
| Profit (loss) for the period to be appropriated | 9905 | -€349 | -€13,065 | -€12,716 | -3,647% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.