UNTOLD: 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.
UNTOLD
Largest movements
- Receivables within one year -€15,034
down €15,034 (-80.0%), from €18,786 to €3,752
of which Trade receivables: -€15,648
- Stocks and contracts -€7,970
down €7,970 (-17.3%), from €46,195 to €38,225
- Other debts -€39,729
down €39,729 (-18.1%), from €219,566 to €179,837
- Profit (loss) carried forward +€17,403
up €17,403 (+10.7%), from -€161,898 to -€144,495
- Trade debts -€2,483
down €2,483 (-33.8%), from €7,352 to €4,868
- Tax, wage and social debts +€1,526
up €1,526 (+45.3%), from €3,366 to €4,891
- Gross operating margin +€6,045
up €6,045 (+35.3%), from €17,138 to €23,183
- Financial charges +€1,096
up €1,096 (+278.5%), from €394 to €1,489
- Depreciation +€958
up €958 (+37.9%), from €2,529 to €3,487
- Financial income -€344
no longer reported in 2025 (was €344)
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 | €97,540 | €74,256 | -€23,284 | -23.9% |
| Fixed assets | 21/28 | €8,833 | €7,858 | -€975 | -11.0% |
| Tangible fixed assets | 22/27 | €8,833 | €7,858 | -€975 | -11.0% |
| Furniture and vehicles | 24 | €8,833 | €7,858 | -€975 | -11.0% |
| Current assets | 29/58 | €88,707 | €66,398 | -€22,309 | -25.1% |
| Stocks and contracts in progress | 3 | €46,195 | €38,225 | -€7,970 | -17.3% |
| Stocks | 30/36 | €46,195 | €38,225 | -€7,970 | -17.3% |
| Amounts receivable within one year | 40/41 | €18,786 | €3,752 | -€15,034 | -80.0% |
| Trade receivables | 40 | €18,786 | €3,138 | -€15,648 | -83.3% |
| Other amounts receivable | 41 | - | €614 | +€614 | |
| Cash at bank and in hand | 54/58 | €23,726 | €24,193 | +€467 | +2.0% |
| Deferred charges and accrued income | 490/1 | - | €228 | +€228 | |
| Total equity and liabilities | 10/49 | €97,540 | €74,256 | -€23,284 | -23.9% |
| Equity | 10/15 | -€132,743 | -€115,340 | +€17,403 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,955 | €22,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,095 | €21,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,898 | -€144,495 | +€17,403 | +10.7% |
| Amounts payable | 17/49 | €230,283 | €189,596 | -€40,687 | -17.7% |
| Amounts payable within one year | 42/48 | €230,283 | €189,596 | -€40,687 | -17.7% |
| Trade debts | 44 | €7,352 | €4,868 | -€2,483 | -33.8% |
| Suppliers | 440/4 | €7,352 | €4,868 | -€2,483 | -33.8% |
| Taxes, remuneration and social security | 45 | €3,366 | €4,891 | +€1,526 | +45.3% |
| Taxes | 450/3 | €3,366 | €4,891 | +€1,526 | +45.3% |
| Other amounts payable | 47/48 | €219,566 | €179,837 | -€39,729 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,529 | €3,487 | +€958 | +37.9% |
| Other operating charges | 640/8 | €612 | €486 | -€126 | -20.6% |
| Non-recurring operating charges | 66A | - | €318 | +€318 | |
| Gross operating margin | 9900 | €17,138 | €23,183 | +€6,045 | +35.3% |
| Operating profit (loss) | 9901 | €13,997 | €18,892 | +€4,895 | +35.0% |
| Financial income | 75/76B | €344 | - | -€344 | |
| Recurring financial income | 75 | €344 | - | -€344 | |
| Financial charges | 65/66B | €394 | €1,489 | +€1,096 | +278.5% |
| Recurring financial charges | 65 | €394 | €1,489 | +€1,096 | +278.5% |
| Profit (loss) for the period before taxes | 9903 | €13,948 | €17,403 | +€3,454 | +24.8% |
| Profit (loss) for the period | 9904 | €13,948 | €17,403 | +€3,454 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,948 | €17,403 | +€3,454 | +24.8% |
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 6 October 2026 via checked.be.