U2: 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.
U2
Largest movements
- Receivables within one year +€10,627
up €10,627 (+169.3%), from €6,276 to €16,904
of which Other amounts receivable: +€9,235
- Tangible fixed assets +€3,276
up €3,276 (+12.4%), from €26,496 to €29,771
- Deferred charges and accrued income +€1,145
up €1,145 (+53.9%), from €2,123 to €3,268
- Cash +€1,024
up €1,024 (+93.6%), from €1,094 to €2,118
mainly Depreciation (+€18,113) and Debts after one year (+€9,332)
- Debts after one year +€9,332
up €9,332 (+57.7%), from €16,176 to €25,507
- Tax, wage and social debts +€2,792
up €2,792 (+25.0%), from €11,163 to €13,955
of which Taxes: +€3,135
- Profit (loss) carried forward +€2,418
up €2,418 (+18.4%), from -€13,124 to -€10,706
- Current portion of long-term debt +€1,242
up €1,242 (+11.3%), from €11,022 to €12,264
- Gross operating margin +€13,751
up €13,751 (+45.1%), from €30,486 to €44,237
- Staff costs -€2,853
down €2,853 (-13.1%), from €21,851 to €18,998
- Financial charges +€979
up €979 (+90.0%), from €1,088 to €2,067
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 | €37,289 | €53,361 | +€16,072 | +43.1% |
| Fixed assets | 21/28 | €27,796 | €31,071 | +€3,276 | +11.8% |
| Tangible fixed assets | 22/27 | €26,496 | €29,771 | +€3,276 | +12.4% |
| Furniture and vehicles | 24 | €26,496 | €29,771 | +€3,276 | +12.4% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €9,493 | €22,290 | +€12,796 | +134.8% |
| Amounts receivable within one year | 40/41 | €6,276 | €16,904 | +€10,627 | +169.3% |
| Trade receivables | 40 | €2,316 | €3,709 | +€1,393 | +60.1% |
| Other amounts receivable | 41 | €3,960 | €13,195 | +€9,235 | +233.2% |
| Cash at bank and in hand | 54/58 | €1,094 | €2,118 | +€1,024 | +93.6% |
| Deferred charges and accrued income | 490/1 | €2,123 | €3,268 | +€1,145 | +53.9% |
| Total equity and liabilities | 10/49 | €37,289 | €53,361 | +€16,072 | +43.1% |
| Equity | 10/15 | -€2,275 | €143 | +€2,418 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,349 | €8,349 | = | 0.0% |
| Distributable reserves | 133 | €8,349 | €8,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,124 | -€10,706 | +€2,418 | +18.4% |
| Amounts payable | 17/49 | €39,564 | €53,217 | +€13,654 | +34.5% |
| Amounts payable after more than one year | 17 | €16,176 | €25,507 | +€9,332 | +57.7% |
| Financial debts | 170/4 | €16,176 | €25,507 | +€9,332 | +57.7% |
| Amounts payable within one year | 42/48 | €23,388 | €27,710 | +€4,322 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €11,022 | €12,264 | +€1,242 | +11.3% |
| Trade debts | 44 | €1,203 | €1,491 | +€288 | +24.0% |
| Suppliers | 440/4 | €1,203 | €1,491 | +€288 | +24.0% |
| Taxes, remuneration and social security | 45 | €11,163 | €13,955 | +€2,792 | +25.0% |
| Taxes | 450/3 | €7,263 | €10,398 | +€3,135 | +43.2% |
| Remuneration and social security | 454/9 | €3,900 | €3,557 | -€343 | -8.8% |
| Non-recurring operating income | 76A | - | €1,526 | +€1,526 | |
| Remuneration, social security and pensions | 62 | €21,851 | €18,998 | -€2,853 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,995 | €18,113 | +€117 | +0.7% |
| Other operating charges | 640/8 | €2,788 | €3,144 | +€357 | +12.8% |
| Gross operating margin | 9900 | €30,486 | €44,237 | +€13,751 | +45.1% |
| Operating profit (loss) | 9901 | -€12,148 | €3,982 | +€16,130 | |
| Financial income | 75/76B | €112 | €504 | +€392 | +350.2% |
| Recurring financial income | 75 | €112 | €504 | +€392 | +350.2% |
| Financial charges | 65/66B | €1,088 | €2,067 | +€979 | +90.0% |
| Recurring financial charges | 65 | €1,088 | €2,067 | +€979 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,124 | €2,418 | +€15,542 | |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | -€13,124 | €2,418 | +€15,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,124 | €2,418 | +€15,542 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.