TWENTY-TWO TWENTY-ONE: 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-TWO TWENTY-ONE
Largest movements
- Tangible fixed assets -€15,455
down €15,455 (-15.0%), from €103,107 to €87,653
of which Other tangible fixed assets: -€11,583
- Cash -€14,092
down €14,092 (-34.5%), from €40,809 to €26,716
mainly Tax, wage and social debts (-€18,407) and Net result for the year (-€18,248)
- Receivables within one year -€10,609
down €10,609 (-90.4%), from €11,736 to €1,127
of which Trade receivables: -€11,700
- Deferred charges and accrued income -€3,125
down €3,125 (-81.3%), from €3,843 to €718
- Tax, wage and social debts -€18,407
down €18,407 (-98.8%), from €18,631 to €224
- Profit (loss) carried forward -€18,248
down €18,248, from €0 to -€18,248
- Other debts -€6,985
down €6,985 (-90.6%), from €7,713 to €728
- Trade debts +€6,617
up €6,617 (+1,300%), from €509 to €7,126
- Accrued charges and deferred income -€3,362
down €3,362 (-100%), from €3,362 to €0
- Gross operating margin -€72,713
down €72,713, from €71,509 to -€1,204
- Taxes -€10,685
down €10,685 (-98.3%), from €10,871 to €186
- Depreciation -€6,730
down €6,730 (-30.0%), from €22,439 to €15,709
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 | €159,776 | €116,241 | -€43,535 | -27.2% |
| Formation expenses | 20 | €281 | €27 | -€255 | -90.6% |
| Fixed assets | 21/28 | €103,107 | €87,653 | -€15,455 | -15.0% |
| Tangible fixed assets | 22/27 | €103,107 | €87,653 | -€15,455 | -15.0% |
| Furniture and vehicles | 24 | €4,197 | €326 | -€3,872 | -92.2% |
| Other tangible fixed assets | 26 | €98,910 | €87,327 | -€11,583 | -11.7% |
| Current assets | 29/58 | €56,387 | €28,561 | -€27,826 | -49.3% |
| Amounts receivable within one year | 40/41 | €11,736 | €1,127 | -€10,609 | -90.4% |
| Trade receivables | 40 | €11,700 | €0 | -€11,700 | -100% |
| Other amounts receivable | 41 | €36 | €1,127 | +€1,091 | +3,036% |
| Cash at bank and in hand | 54/58 | €40,809 | €26,716 | -€14,092 | -34.5% |
| Deferred charges and accrued income | 490/1 | €3,843 | €718 | -€3,125 | -81.3% |
| Total equity and liabilities | 10/49 | €159,776 | €116,241 | -€43,535 | -27.2% |
| Equity | 10/15 | €126,389 | €108,141 | -€18,248 | -14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,389 | €121,389 | = | 0.0% |
| Distributable reserves | 133 | €121,389 | €121,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€18,248 | -€18,248 | |
| Amounts payable | 17/49 | €33,387 | €8,100 | -€25,288 | -75.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,026 | €8,100 | -€21,926 | -73.0% |
| Financial debts | 43 | €3,173 | €22 | -€3,151 | -99.3% |
| Credit institutions | 430/8 | €3,173 | €22 | -€3,151 | -99.3% |
| Trade debts | 44 | €509 | €7,126 | +€6,617 | +1,300% |
| Suppliers | 440/4 | €509 | €7,126 | +€6,617 | +1,300% |
| Taxes, remuneration and social security | 45 | €18,631 | €224 | -€18,407 | -98.8% |
| Taxes | 450/3 | €18,631 | €224 | -€18,407 | -98.8% |
| Other amounts payable | 47/48 | €7,713 | €728 | -€6,985 | -90.6% |
| Accrued charges and deferred income | 492/3 | €3,362 | €0 | -€3,362 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,439 | €15,709 | -€6,730 | -30.0% |
| Other operating charges | 640/8 | €489 | €1,033 | +€545 | +111% |
| Gross operating margin | 9900 | €71,509 | -€1,204 | -€72,713 | |
| Operating profit (loss) | 9901 | €48,581 | -€17,947 | -€66,528 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €628 | €115 | -€513 | -81.7% |
| Recurring financial charges | 65 | €628 | €115 | -€513 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €47,953 | -€18,061 | -€66,015 | |
| Income taxes | 67/77 | €10,871 | €186 | -€10,685 | -98.3% |
| Profit (loss) for the period | 9904 | €37,082 | -€18,248 | -€55,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,082 | -€18,248 | -€55,330 |
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.