UNFOLD: 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.
UNFOLD
Largest movements
- Cash +€48,886
up €48,886 (+125.9%), from €38,839 to €87,726
mainly Net result for the year (+€52,751) and Tax, wage and social debts (+€10,617)
- Receivables within one year +€18,575
up €18,575 (+70.7%), from €26,287 to €44,862
of which Trade receivables: +€35,781
- Tangible fixed assets -€6,513
down €6,513 (-41.4%), from €15,731 to €9,218
of which Plant, machinery and equipment: -€4,554
- Reserves +€51,033
up €51,033 (+85.0%), from €60,059 to €111,092
- Tax, wage and social debts +€10,617
up €10,617 (+122.4%), from €8,677 to €19,294
of which Taxes: +€10,559
- Gross operating margin +€41,866
up €41,866 (+113.7%), from €36,830 to €78,696
- Taxes +€7,631
up €7,631 (+70.9%), from €10,759 to €18,390
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 | €80,857 | €141,805 | +€60,948 | +75.4% |
| Fixed assets | 21/28 | €15,731 | €9,218 | -€6,513 | -41.4% |
| Tangible fixed assets | 22/27 | €15,731 | €9,218 | -€6,513 | -41.4% |
| Plant, machinery and equipment | 23 | €12,615 | €8,061 | -€4,554 | -36.1% |
| Furniture and vehicles | 24 | €3,116 | €1,157 | -€1,959 | -62.9% |
| Current assets | 29/58 | €65,126 | €132,587 | +€67,461 | +103.6% |
| Amounts receivable within one year | 40/41 | €26,287 | €44,862 | +€18,575 | +70.7% |
| Trade receivables | 40 | €5,285 | €41,066 | +€35,781 | +677.0% |
| Other amounts receivable | 41 | €21,002 | €3,796 | -€17,206 | -81.9% |
| Cash at bank and in hand | 54/58 | €38,839 | €87,726 | +€48,886 | +125.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €80,857 | €141,805 | +€60,948 | +75.4% |
| Equity | 10/15 | €62,059 | €113,092 | +€51,033 | +82.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,059 | €111,092 | +€51,033 | +85.0% |
| Distributable reserves | 133 | €60,059 | €111,092 | +€51,033 | +85.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,798 | €28,713 | +€9,915 | +52.7% |
| Amounts payable within one year | 42/48 | €18,798 | €28,713 | +€9,915 | +52.7% |
| Trade debts | 44 | €7,298 | €7,701 | +€403 | +5.5% |
| Suppliers | 440/4 | €7,298 | €7,701 | +€403 | +5.5% |
| Taxes, remuneration and social security | 45 | €8,677 | €19,294 | +€10,617 | +122.4% |
| Taxes | 450/3 | €5,395 | €15,954 | +€10,559 | +195.7% |
| Remuneration and social security | 454/9 | €3,282 | €3,340 | +€58 | +1.8% |
| Other amounts payable | 47/48 | €2,823 | €1,718 | -€1,105 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,686 | €5,584 | -€102 | -1.8% |
| Other operating charges | 640/8 | €1,010 | €825 | -€185 | -18.3% |
| Non-recurring operating charges | 66A | - | €929 | +€929 | |
| Gross operating margin | 9900 | €36,830 | €78,696 | +€41,866 | +113.7% |
| Operating profit (loss) | 9901 | €30,134 | €71,358 | +€41,224 | +136.8% |
| Financial income | 75/76B | €31 | €10 | -€20 | -66.0% |
| Recurring financial income | 75 | €31 | €10 | -€20 | -66.0% |
| Financial charges | 65/66B | €136 | €228 | +€92 | +67.5% |
| Recurring financial charges | 65 | €136 | €228 | +€92 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €30,029 | €71,141 | +€41,112 | +136.9% |
| Income taxes | 67/77 | €10,759 | €18,390 | +€7,631 | +70.9% |
| Profit (loss) for the period | 9904 | €19,270 | €52,751 | +€33,481 | +173.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,270 | €52,751 | +€33,481 | +173.7% |
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 11 October 2026 via checked.be.