UPSIDE WORK: 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.
UPSIDE WORK
Largest movements
- Receivables within one year +€17,675
up €17,675 (+21.6%), from €81,981 to €99,656
of which Other amounts receivable: +€25,448
- Cash +€11,553
up €11,553 (+695.9%), from €1,660 to €13,213
mainly Trade debts (+€30,797) and Net result for the year (+€21,437)
- Tangible fixed assets -€7,759
down €7,759 (-12.9%), from €60,382 to €52,623
of which Leasing and similar rights: -€26,140
- Financial fixed assets +€3,333
new in 2025: €3,333
- Current portion of long-term debt -€33,047
down €33,047 (-98.3%), from €33,608 to €561
- Trade debts +€30,797
up €30,797 (+2366.9%), from €1,301 to €32,098
- Reserves +€20,000
up €20,000 (+35.9%), from €55,749 to €75,749
of which Distributable reserves: +€20,000
- Debts after one year +€11,475
new in 2025: €11,475
- Tax, wage and social debts -€8,437
down €8,437 (-25.0%), from €33,785 to €25,347
- Gross operating margin -€51,453
down €51,453 (-51.8%), from €99,275 to €47,822
- Taxes -€16,805
down €16,805 (-69.4%), from €24,210 to €7,405
- Other operating charges +€4,141
up €4,141 (+1077.1%), from €384 to €4,525
- Depreciation -€1,324
down €1,324 (-10.3%), from €12,844 to €11,520
- Financial charges +€1,087
up €1,087 (+38.5%), from €2,819 to €3,906
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 | €185,494 | €208,898 | +€23,404 | +12.6% |
| Fixed assets | 21/28 | €60,382 | €55,955 | -€4,427 | -7.3% |
| Tangible fixed assets | 22/27 | €60,382 | €52,623 | -€7,759 | -12.9% |
| Plant, machinery and equipment | 23 | €4,173 | €26,441 | +€22,268 | +533.6% |
| Furniture and vehicles | 24 | €6,154 | €2,266 | -€3,887 | -63.2% |
| Leasing and similar rights | 25 | €50,055 | €23,915 | -€26,140 | -52.2% |
| Financial fixed assets | 28 | - | €3,333 | +€3,333 | |
| Current assets | 29/58 | €125,112 | €152,943 | +€27,831 | +22.2% |
| Amounts receivable after more than one year | 29 | €28,800 | €28,800 | = | 0.0% |
| Other amounts receivable | 291 | €28,800 | €28,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,981 | €99,656 | +€17,675 | +21.6% |
| Trade receivables | 40 | €28,200 | €20,427 | -€7,773 | -27.6% |
| Other amounts receivable | 41 | €53,781 | €79,229 | +€25,448 | +47.3% |
| Cash at bank and in hand | 54/58 | €1,660 | €13,213 | +€11,553 | +695.9% |
| Deferred charges and accrued income | 490/1 | €12,672 | €11,274 | -€1,398 | -11.0% |
| Total equity and liabilities | 10/49 | €185,494 | €208,898 | +€23,404 | +12.6% |
| Equity | 10/15 | €116,800 | €138,238 | +€21,437 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,749 | €75,749 | +€20,000 | +35.9% |
| Non-distributable reserves | 130/1 | €287 | €287 | = | 0.0% |
| Reserves not available under the articles | 1311 | €287 | €287 | = | 0.0% |
| Distributable reserves | 133 | €55,461 | €75,461 | +€20,000 | +36.1% |
| Profit (loss) carried forward | 14 | €42,452 | €43,889 | +€1,437 | +3.4% |
| Amounts payable | 17/49 | €68,694 | €70,660 | +€1,967 | +2.9% |
| Amounts payable after more than one year | 17 | - | €11,475 | +€11,475 | |
| Financial debts | 170/4 | - | €11,475 | +€11,475 | |
| Amounts payable within one year | 42/48 | €68,694 | €58,006 | -€10,687 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €33,608 | €561 | -€33,047 | -98.3% |
| Trade debts | 44 | €1,301 | €32,098 | +€30,797 | +2366.9% |
| Suppliers | 440/4 | €1,301 | €32,098 | +€30,797 | +2366.9% |
| Taxes, remuneration and social security | 45 | €33,785 | €25,347 | -€8,437 | -25.0% |
| Taxes | 450/3 | €33,785 | €25,347 | -€8,437 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €1,179 | +€1,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,844 | €11,520 | -€1,324 | -10.3% |
| Other operating charges | 640/8 | €384 | €4,525 | +€4,141 | +1077.1% |
| Gross operating margin | 9900 | €99,275 | €47,822 | -€51,453 | -51.8% |
| Operating profit (loss) | 9901 | €86,046 | €31,777 | -€54,270 | -63.1% |
| Financial income | 75/76B | €927 | €972 | +€45 | +4.9% |
| Recurring financial income | 75 | €927 | €972 | +€45 | +4.9% |
| Financial charges | 65/66B | €2,819 | €3,906 | +€1,087 | +38.5% |
| Recurring financial charges | 65 | €2,819 | €3,906 | +€1,087 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €84,154 | €28,843 | -€55,311 | -65.7% |
| Income taxes | 67/77 | €24,210 | €7,405 | -€16,805 | -69.4% |
| Profit (loss) for the period | 9904 | €59,943 | €21,437 | -€38,506 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,943 | €21,437 | -€38,506 | -64.2% |
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.